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Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Wednesday, August 1, 2012

EU ETS ‘backloading’ plan buys time for Phase IV battle

  Photo:  fotopedia.com
Environmental Finance | News | EU ETS ‘backloading’ plan buys time for Phase IV battle – Shell

Proposals to shore up the carbon price in the EU Emissions Trading System (ETS) will buy the European Commission five years to deepen emission reduction targets, according to David Hone, senior climate change adviser to oil giant Shell.  Hone described the proposal to alter the timing of EU allowance (EUA) sales in Phase III of the EU ETS, announced last week, as “an important step forward and one that hopefully leads to the restoration of the ETS as the primary driver for emission reduction investments across Europe...

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MTN to sell carbon credits from its trigeneration plant

   Photo:  Stig Nygaard
MTN to sell carbon credits from its trigeneration plant
Telecommunications group MTN has entered into a commercial agreement to sell carbon credits from its new trigeneration plant to electricity utility company EDF Trading, a wholly owned subsidiary of Electricité de France SA.  The R22-million energy efficient, methane-powered plant, which was constructed at the company’s Fairland offices, in Johannesburg, produced 2 MW of the head office’s 4 MW energy consumption.  During a media visit to the plant on Wednesday, MTN said that the emissions reduction purchase agreement would allow EDF Trading to purchase all the credits from the plant until 2020.  “EDF Trading will use the carbon credits to contribute to compliance of their quantified greenhouse-gas emission reduction targets of the Kyoto Protocol and European Union Emissions Trading Scheme,” said carbon advisory firm Promethium Carbon director Robbie Louw.
One carbon credit equalled one ton a year of carbon dioxide emission (CO2e) reduction. The plant was expected to offset 15 000 t/y CO2e.  Africa’s first trigeneration plant aimed to reduce the head office’s reliance on South Africa’s strained electricity grid.  MTN noted that reducing the group’s reliance on the increasingly expensive national grid-generated electricity, as well as revenue from the sale of the carbon credits made the project economically viable. It was expected to “pay for itself” within the next five years.  The project, which creates electricity, cooling and heating from gas sourced from the Sasol pipeline, in Mozambique, and distributed to the site by Egoli Gas, was said to be the first project of its type in Africa and the first time this technology has been submitted to the United Nations (UN) for approval as a Clean Development Mechanism (CDM) project.
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