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EU 2014 Greenhouse Gas Emissions

by gmoke Tue Jun 23rd, 2015 at 02:56:36 PM EST

While looking for the current price per ton of carbon in the EU ETS, I came across this release on the 2014 figures:

"The EU emissions trading scheme (EU ETS) installations emitted 1,584 million tCO2 in 2014, down by 4.4% from previous year. This figure is derived from the verified emissions data submitted so far by 87% (in volume) of the 12,000 installations currently included in the trading scheme."

pdf alert
https://www.carbonmarketdata.com/files/publications/Press%20Release%20EU%20ETS%20Data%20-%201%20Apri l%202015.pdf

It includes a list of the 15 largest CO2 emitters which contribute 251 MtCO2, about a  sixth of the total covered greenhouse gases in the EU ETS.

Still looking for a current price per ton for carbon under EU ETS.


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CO2 emissions are declining in Europe. CO2 emissions are declining in the World. The "market" is simply sending the expected feedback from receding demand.

You might find me At The Edge Of Time.
by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Wed Jun 24th, 2015 at 08:48:54 AM EST
The carbon price crashed due to a glut of quota post 2008. I suppose that solar and wind crowding out fossil fuel in electricity production has added to the glut.

 It is scheduled to improve... after 2020. The EU takes an ambitious approach to climate change! (not).

This, from Febuary :
European carbon market reform set for 2019 | Environment | The Guardian

Reforms to strengthen the EU's flagship policy for cutting carbon, the emissions trading scheme (ETS), will start at the end of 2018 following a vote by MEPs on Tuesday.

The carbon market is supposed to drive Europe's transition to cleaner sources of energy, but a cocktail of recession, free allocations to polluters and over-achievement on green energy targets have created a flood of 2bn allowances. That has led to a carbon price of around €7 (£5) per tonne, too low to encourage power companies to switch from polluting fuels such as as coal. Under the new compromise proposal, around 1.6bn surplus allowances will be taken off the market and put into a market reserve, two years ahead of the commission's preferred timetable.

"We still believe that this reform should come sooner rather than later," the Labour MEP Seb Dance told the Guardian. "However, the compromise deal does represent a significant improvement on the suggested start date of 2021. We have ensured that the number of backloaded and unallocated allowances will be reduced and won't be returned to the market, which would lead to further destabilisation."

The market reform should prevent nightmare scenarios, such as a 4.5bn carbon credit glut by 2020 forecast by the environmental think tank Sandbag. A new report today by analysts Reuters Thomson Point Carbon estimates that by 2020, the reforms could nudge carbon prices up to €20 per tonne.

From April, the UK will have its own carbon floor price of £18 a tonne, pushing British prices close to the €30 a tonne price envisaged at the ETS's inception, which could trigger fuel switching from coal to gas.

And this, from May :
EU carbon market expects price rise for first time in four years | Reuters

Participants in the European Union's carbon market expect average prices to rise for the first time in four years, an annual survey published by the International Emissions Trading Association (IETA) showed on Tuesday.

The survey conducted by PwC drew on responses from 122 IETA members including utilities, trading houses and banks.

Respondents anticipate an average EU carbon price of 10.79 euros ($11.76) per metric ton (1.1023 tons) in the third phase of the Emissions Trading System (ETS), which runs from 2013 to 2020.

That was 2.50 euros above expectations last year and marked the first time respondents have expected a rise since 2011, IETA said in a statement.

The benchmark EU carbon price is currently trading at around 7.30 euros per metric ton.

Respondents expected an average price of 18.40 euros a metric ton from 2020 to 2030.



It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Wed Jun 24th, 2015 at 11:13:20 AM EST
Thanks, I appreciate the information.  Just what I needed.

What is interesting to me is that many climate campaigners say "We need a price on carbon!" while not referencing the prices that already exist and that are coming on line.  As I wrote above, it seems that very soon about half of the world's industrial production will include a price on carbon and we should recognize that fact as we push to get the other half of global production to include the costs of carbon too.

Solar IS Civil Defense

by gmoke on Wed Jun 24th, 2015 at 04:01:21 PM EST
[ Parent ]


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