Monday, October 31, 2011

Alright, now this is getting personal!

Surf clubs under threat from climate change

Updated November 01, 2011 09:10:59
A report for Surf Lifesaving Australia shows more than half of country's surf lifesaving clubs are being threatened by extreme tides and weather conditions.  The report used data from Geo-Sciences Australia and climate change modelling to assess which clubs will come under threat.  It has found that 63 per cent of surf clubs are in zones of potential instability, areas under threat from the impact of rising sea levels and changing weather conditions caused by climate change.  Surf Life Saving Australia's head of strategic development, Norm Farmer, says the report shows a great deal of work needs to done to protect clubs.

'When [you] put it on a map, look at it and start to quantify the level of activity that we have to do, the level of funding that we have to source to respond to these changes, that is the potential scary part," he said.  Across the country, a huge number of clubs are predicted to fall into the zones of potential instability. In Victoria, 84 per cent of clubs would be affected, while in South Australia and Tasmania, 89 per cent of clubs would be affected.


Adaptive strategies

Mr Farmer says the report creates a road map which will allow Surf Lifesaving Australia to start developing strategies to adapt to the issues created by climate change.
"For the last few years, we have been trying to stay up with the game and that was one of reasons we commissioned the report," he said.  "So that we can try and control the expenses as we go forward."
The initial focus of the plan outlined in the report is assessing the extent of the problems and developing programs to make surf clubs aware of the threats posed by climate change.  The report does not quantify the possible costs associated with rebuilding infrastructure or relocating clubs.
 

Saving Clubs

Mr Farmer says concern is growing among the surf lifesaving clubs about their future.
"We have some of our clubs now that are spending millions of dollars to relocate their buildings and to have coastal vulnerability assessments undertaken," he said.  "For example, Seaspray in Victoria, Moore Park on the north coast of Queensland, Currumbin Surf Club on the Gold Coast have all been extensively exposed and may need to rebuild or relocate."  Mr Farmer says there has been over 100 years investment in surf clubs and their buildings.  "There has been funding from state, federal and local government and more importantly decades of fundraising by clubs members," he said.
"There is a significant asset base and we must look at how we protect these clubs."

Changing regulations

The report also shows changing regulations created by state and federal governments to address the issue of climate change is impacting surf clubs.  "Some clubs are in locations where, under today's regulations and thinking, they would not have been constructed," he said.  Mr Farmer says rebuilding and refurbishing may be impossible, because state and local government regulations have been modified to link development applications with sea level rise benchmarks.  "So it's not only storms that are impacting the ability of clubs to maintain their assets, it's the change in regulations," he said.

Protecting the patrols

Mr Farmer says the key reason for the report is Surf Lifesaving Australia's desire to protect the service the clubs provide for up to 200 million beach visits every year.  "If we can't be there, how can we make sure that they are safe?" he asked.  Mr. Farmer says Surf Lifesaving Austral wants to ensure surf clubs remain on the beach and have started to speak with different levels of government to try and identify some initial funding to help undertake these vulnerability assessments.  "There needs to be an ongoing level of funding to ensure that we can continue to provide the safety, the services that the people of Australia have become familiar with over the last 104 years," he said.


 
First posted November 01, 2011 08:48:54

Trading Emissions PLC Delays sale of 30.2M Carbon Portfolio

Bearish prices delay sale of 30.2m carbon portfolio

Weakening certified emissions reduction (CER) prices continue to delay the plans of UK carbon investor Trading Emissions PLC (TEP) to sell its carbon portfolio and its payment of dividends is being postponed.   The company said in mid-year it had put the sale of its carbon portfolio on hold because of low certified emission reduction CER prices. Since then, prices have slumped further on the back of the eurozone crisis and a growing oversupply of emission allowances.  Since July, TEP has sold and delivered 1.9m CERs, raising €16.0m, and also sold on a forward basis 1.25m CERs and 1.00m EU allowances (EUAs).

The delivery breakdown is:
• 0.5m CERs for delivery in November 2011 at approximately €7.60/tonne of CO2 equivalent (tCO2e);
• 0.15 CERs for December 2011 delivery at approximately €6.67/tCO2e;
• 0.6 CERs for December 2012 delivery at €22.00/tCO2e; and
• 1m EUAs for December 2011 delivery at €11.90/tCO2e.

The company said it has around 30.2m CERs due for issuance before 2013 in its risk-adjusted portfolio. It had delivered around a third of that volume by 30 June this year.  TEP said 98% of its pre-2012 portfolio has been registered with the UNFCCC, while the remaining 2% is in validation or registration.

Fewer credits for Chinese projects

TEP's expected portfolio is shrinking, having fallen by around 9% since the start of the year because Chinese renewable projects are expected to earn fewer credits as baseline grid emissions fall as risk rises for other project types.  TEP expects to receive a further 4.7m CERs as of 2013, when phase III of the EU emissions trading system starts.  Since TEP's release of its trading update on 10 October (see EDCM 10 October 2011), the closing price for the OTC CER Year '11 has lost €0.85/tCO2e (see graph).

During the intervening period, the CER benchmark contract has twice been assessed at €6.85/tCO2e, the lowest level at which the CER Year '11 contract has been assessed by ICIS Heren. The EUA premium has widened from €2.90/tCO2e to €3.40/tCO2e at the same time.  TEP said the continued drop in carbon values since its July announcement about the delay in the sale of its carbon portfolio meant it was not in the company's interest to sell at a time of "extreme market volatility."  According to researchers at Denmark's UNEP Risoe Centre on Energy, Climate and Sustainable Development, 964m CERs are expected in 2013-2020 from projects already registered but only 183m CERs from future projects

From India's Leading Business Daily the "BUSINESS STANDARD"

EU unilateralism27-OCT-11

For an association that is unable to discipline its own members and get them to act on domestic policy issues, the European Union appears quixotic seeking to unilaterally impose a carbon tax on all airlines flying in and out of Europe. The proposal will require all airlines touching EU airports to buy emission reduction permits to offset the carbon dioxide discharged by them in excess of the caps fixed under the EU’s internal emission trading scheme. As could be expected, all the non-EU airlines are up in arms against the move. Non-EU governments are livid since they regard the move to tax the entire flight journey of an aircraft, rather than only its use of EU airspace, totally unacceptable in principle. This view is now supported by global aviation bodies, such as the International Air Transport Association (IATA), the International Air Cargo Association and domestic apex airline organisations of China, the US and some other countries.


India may drag EU to WTO over carbon tax on airlines20-OCT-11

India may consider dragging European Union to the World Trade Organisation if the 27-nation bloc goes ahead with its contentious plan to impose carbon tax on non-EU airlines, sources said.


Contrails and carbon credits16-OCT-11

‘Fuel from steel’ a promising beginning.

Here is a link to the UN's Climate Change Gatway

UN Climate Change Gateway

Panama climate talks mean governments can push ahead strongly in Durban
with concrete help for developing world to deal with climate change

 
Panama climate talks mean governments can push ahead strongly in Durban with concrete help for developing world to deal with climate change 7 October 2011 -– A week of formal climate negotiations in Panama ended on Friday with progress on drafting those decision texts that will allow governments to push ahead strongly in Durban with concrete help for the developing world to deal with climate change. "Panama made good progress on preparing the decisions that will help developing countries adapt to climate change and get access to the technologies they need to create their own clean energy futures,” said Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC).

Ban urges leaders to show greater commitment to agreement on climate change  

 


Climate Change agreement needed20 September 2011 – Secretary-General Ban Ki-moon today urged world leaders to step up the international effort to find solutions to climate change, saying that governments needed to show greater commitment to achieving success at global negotiations on limiting emissions of greenhouse gases and strengthening adaptation measures.
 

7 Billion People -- 7 Billion Actions


UNFCCC Executive Secretary Christiana Figueres addresses media on final day of negotiations at Climate Change Conference in Bangkok Later this year, the global population will reach 7 billion. That's more than double the number of people living just 50 years ago. As more and more people join those of us already here, addressing existing resource, health and environmental challenges is becoming increasingly urgent. That's way, on this World Population Day (11 July), UNFPA and partners are launching a campaign called 7 Billion Actions. It aims to engage people, spur commitment and spark actions related to the opportunities and challenges presented by a world of 7 billion people.

Global investments in green energy on the rise


Ensuring good governance of the world's forest resources is key to combating climate change Global investment in green energy rose by 32 per cent last year, driven largely by wind farms in China and small-scale solar panels on rooftops in Europe, the United Nations Environment Programme said in a new report on renewable energy trends. Investors put a record $211 billion into renewable energy projects last year, about a third more than the $160 billion invested in 2009, and a 540 per cent rise since 2004, according to the report, “Global Trends in Renewable Energy Investment 2011.” 

  Growing opportunities for carbon offset projects in Africa


Africa is an increasingly attractive destination for Clean Development Mechanism (CDM) projects, according to UN experts. With 190 CDM projects underway on the continent, up from just 53 in 2007, the opportunities in Africa are increasing. "The increased appreciation of and interest in the CDM here is starting to transform access to markets,” said Neeraj Prasad, manager for the Climate Change Practice at the World Bank Institute.The CDM allows emission-reduction projects in developing countries to earn credits, which can be sold and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.

Cities are key to global energy and climate challenges


Secretary-General Ban Ki-moon has called on United States mayors to help in the worldwide fight against climate change and other energy challenges. Speaking to a meeting of the US Conference of Mayors in Baltimore, Mr. Ban said, "the world needs the mayors of the United States to do their part to address our energy and climate change challenges." Cities consume more than two-thirds of the world’s energy and account for roughly the same percentage of global carbon dioxide emissions.

LG to Introduce Carbon Neutral Products

LG Electronics Joins Carbonfund.org to Introduce Carbon-Neutral Products

by Jordana Fyne on July 26, 2011 · 0 comments

LG is First in Industry to Distribute Home Appliances, Solar Panels and Various Consumer Electronics with CarbonFree® Sustainability Label

EPA Gets more time on CO2 rule

U.S. green groups give EPA more time on CO2 rule

U.S. green groups said on Saturday they would give the Environmental Protection Agency more time to forge the first-ever plan to regulate carbon dioxide from power plants, the country's single biggest source of greenhouse gases.

Obama Establishes Solar Energy Zones

Obama administration announces desert 'solar energy zones'

'Solar energy zones' — set up in the Mojave and elsewhere in the West by the Bureau of Land Management — are meant to encourage development in areas without environmental or cultural conflicts.

Obama administration announces desert 'solar energy zones'

October 28, 2011 | By Julie Cart, Los Angeles Times

Earlier this month, biologists search for and log the locations of desert…
(Allen J. Schaben / Los Angeles Times)


Earlier this month, biologists search for and log the locations of desert tortoises, which will be relocated away from the construction area of a solar energy facility in California's eastern Mojave Desert.

Dyslexia: A Learning Style with Many Gifts

Famous People with the Gift of Dyslexia:

Here are the names of some of the many talented and accomplished individuals who are dyslexic, or had traits associated with dyslexia or related learning styles:

Read more: Famous Dyslexics

I hope people will understand that not only is Dyslexia not a barrier to academic success, but also comes with many unique gifts which if nurtured can lead to extraordinary results.


Benjamin Bolger might very well be the most academically accomplished elementary-school dropout in recent history.  Bolger, 32, who holds a bachelor's degree from the University of Michigan, recently made national headlines when he received his 11th advanced degree - a doctorate in design from Harvard University - even though he's never received a high school diploma.

Famous dyslexics include Thomas Edison, Albert Einstein, Tom Cruise and Cher, according to the Michigan Dyslexia Institute.

Dyslexia No Barrier To Academic Success

This goes to show that everything can be carbon neutral

Cycling turns to Gold Standard

The Eneco Tour goes carbon neutral
“Eneco supports everything durable, so it supports cycling. The Eneco Tour is therefore the only completely CO2 neutral cycling race in the UCI WorldTour.” States the Eneco Tour website

No Demand for Slovakian Carbon Units

Slovakian AAU auction ends with no bids

A Slovakian auction for 90,000 Assigned Amount Units (AAUs) ended on Monday with no bidders, sale hosts the Commodity Exchange Bratislava said, further highlighting the drought in demand for carbon units.

Another ugly day for EUA and sCER Prices

OTC price assessments



Close+/-
EUADec 201110.17-0.21
sCERDec 20116.87-0.14

EUA last 30 days

See Nestor Mejia's Environment Profile

ICE Morning Emissions Marker ECX EUA

Emissions Morning Marker
 
ICE-ECX European Emissions - Morning Markers
 
Date Strip Price
October 31, 2011 Oct11 10.17
October 31, 2011 Dec11 10.22
October 31, 2011 Dec12 10.70
October 31, 2011 Dec13 11.36
October 31, 2011 Dec14 12.01

Today's Chart of EUA Prices


Today's EUA Prices Down 2.5 percent

ECX EUA Down 2.5 percent

UPDATE 1: Dec 11 EUA tumbles 2.5 per cent, nears 10 euros

EU carbon allowances retreated 2.5 per cent on Monday amid weaker energy and equity markets as faith in last week’s euro zone debt deal began to evaporate.

Japan to Fund New Offset Ideas

Japan to spend $55 mln on funding new offset ideas

Japan will spend around 4.15 billion yen ($54.6 million) next year to subsidise feasibility studies for foreign offset projects under its proposed bilateral offset mechanism, a government official said Monday.


Supply of CER's at a Low

UPDATE1: CER issuance hits 8-month low

The U.N. handed out 4.1 million Certified Emission Reductions (CERs) to 10 projects last week, while three further awards late Monday took October’s total to 14.7 million, the second-lowest monthly issuance this year.

Australia's Clean Energy Bill Will Most Likely Pass

Australia govt fends off opposition push to delay ETS

The ruling Labor party and the Greens on Monday blocked an opposition proposal to delay a vote on Australia’s carbon trading scheme until after the 2013 election, most likely ensuring that the Clean Energy Bill will become law next month.

TEP writes down CO2 portfolio

TEP writes down CO2 portfolio as CER prices tank

Trading Emissions (TEP) said Monday it had written down the value of its carbon credit portfolio by 16 percent to 48.84 pence per share in the 12 months through June, as the price of carbon credits slumped and hit the company’s plans to sell the business.

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