Sasol Opposes Proposed South African Carbon Tax (Int'l Report)
Johannesburg, South Africa-headquartered Sasol has estimated that the state's proposed 120 Rand per ton Carbon Tax Bill would cost the company 1 billion Rand ($70,330,389 US) a year and would be detrimental to growth and would do little to reduce carbon emissions.
The draft legislation, which was originally tabled in 2015, is aimed at aligning the South Africa with the Paris Agreement.
The South African Treasury expects the carbon tax to help reduce emissions and help restructure the economy to be less emissions-intensive.
The bill is currently before a Parliamentary committee.
Sasol is an international integrated chemicals and energy company that leverages its technologies and expertise in 33 countries. The company develops and commercialises technologies, and builds and operates world-scale facilities to produce a range of high-value product stream, including liquid fuels, chemicals and low-carbon electricity. (Source: Sasol, Fin24, 20 Aug., 2018) Contact: Sasol, Stephen Cornell, Pres., CEO, +27 10 344 5000,
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Singapore Study to Shape Future Carbon Tax (Int'l Report)
Singapore Carbon Tax
In Singapore, the Straits Times is reporting a Climate Change Secretariat commissioned study of the impact and effectiveness of carbon pricing will be used to shape how a carbon tax is implemented here in future.
Set to be completed by August 2019, the study will seek to quantify the costs that greenhouse gas-producing firms bear in different jurisdictions, as well as the effectiveness of various measures in reducing carbon emissions.
Consultants will look at direct costs from carbon taxes or emissions trading schemes and indirect costs from compliance.
Singapore will start pricing carbon at $5 per tonne of emissions from next year to 2023 then likely to raised to between $10 and $15 per tonne by 2030.
The tax will be levied on approximately 30 to 40 large emitters that produce more than 25,000 tpy of emissions. This is likely to affect around that are responsible for 80 pct of Singapore's greenhouse gas emissions.
The World Bank notes the global average per ton of carbon emissions is US$21.50.
(Source: Singapre Strait Times, 13 Aug., 2018)Contact: World Bank Carbon Pricing Dashboard
; Climate Change Secretariat, www.nccs.gov.sg
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Zero Carbon Project Touts Carbon Credit Purchase Program (Int'l)
Zero Carbon Project
The Zero Carbon Project is reporting the launch of its carbon credits purchasing program under which it will purchase and cancel international carbon credits from a range of projects reducing carbon emissions.
On a weekly basis, the Zero Carbon Project will purchase 30 units, equivalent to the annual carbon emissions from around 10 typical households. This purchase will help reduce the 30 tonnes of carbon emissions from entering the atmosphere.
Purchases and the projects they support will be announced to the Zero Carbon Project community, accompanied by an explanation of the different issues and aspects involved in the carbon market.
The Zero Carbon Project carried made it first purchase and cancellation of CERs using the UNFCCC (United Nations Framework Convention on Climate Change) website platform, known as Climate Neutral Now.
(Source: Zero Carbon Project, AZO CleanTech, 13 Aug., 2018) Contact: Zero Carbon Project, Derek Meyers, CEO, www.zerocarbonproject.com
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Norway Open for Carbon Capture & Storage Business (Int'l. Report)
Norwegian Ministry of Petroleum and Energy
In Oslo, the Norwegian Ministry of Petroleum and Energy reports it is proceeding with an undersea carbon capture and storage (CSS) project which, if successful, will serve as a stepping stone for full scale international operations.
The Norwegian demonstration scale project, which is expected to be online by 2020, will capture emissions from a Heidelberg Cement cplant in Brevik and a waste incineration facility in Oslo. These sites all delivered their concept studies for CO2 capture in the fall of 2017. Each plant plans to capture roughly 400,000 tpy.
Norway began in carbon storage with the Sleipner Project which has stored 1 million tpy CO2 since startup about 20 years ago. It was the first facility dedicated to CO2 storage and was installed as a means of avoiding the Norwegian carbon tax and reducing the CO2 content of natural gas produced in the area, which exceeded the specified European Union limit in CO2 concentration of 2.5 pct. (Source: Norwegian Ministry of Petroleum and Energy, Design News, Aug., 2018)
Contact: Norwegian Ministry of Petroleum and Energy, +47 22 24 90 90, email@example.com,
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Washington State Votes on Carbon in November (Ind. Report)
Washington State Carbon Tax
In Olympia, with the certification of Initiative 1631 Voters in Washington state will decide on the November ballot whether to charge industrial emitters a carbon on their emissions. If passed into law, the proposed fee would start at $15 per metric ton of fossil-fuel emissions and increase annually by $2 per ton. Revenues from the tax would be invested in projects that reduce greenhouse gas emissions and protect the environment.
(Source: TDN, AP, Various Media, 4 Aug., 2018)
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Quebec Carbon Market Auction Set for Oct. 3, 2018 (Ind. Report)
In Quebec City, the government of Quebec's environment ministry is reporting the province will hold its second anticipated sale of carbon units by mutual agreement on Oct. 3, 2018.
The Province of Quebec's regular Carbon Market
Cap-and-Trade Auction Notices and Results are
HERE. (Source: Province of Quebec, 6 Aug., 2018)
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Ontario Premier's New Emissions Targets Expected in a "Very Timely Basis and People Don't Have to Worry about That." (Notable Quote)
Ontario Carbon Tax
At Queens Park in Toronto, the freshman government of Conservative populist Premier Doug Ford has tabled legislation -- Bill 4 -- to kill the province's cap-and-trade program and repeal the previous Liberal government's climate change plan. The bill gives the new Ford administration sweeping power to set its own targets and create its own climate plan without debate in the legislature nor to be enshrined in law.
The Ford administration's Cap-and-Trade Cancellation Act -- Bill 4 -- was introduced in late July and made good on one of the new Premier Doug Ford's key campaign promises to end the province's carbon price. Another of the premier's campaign promises was "$1 per can beer", which he has reportedly made good on in an uncanny imitation of the equally inexperienced U.S. freshman president "the Donald" Trump.
Bill 4 requires Environment Minister Hon. Rod Phillips to
to set emissions targets without specifying what they should be based on. The bill also calls for Phillips to come up with a climate change plan but doesn't set a deadline for the plan. The Minister is also required to prepare progress reports on the climate change plan on a "regular basis", again without specificity.
It is unclear as to whether the targets will be in line with the internationally agreed Paris Climate Accord targets set in Paris or if and when further details might be revealed.
But not to worry. Again aping Trump, Phillips
said the government's climate change plan will come in a "very timely basis and people don't have to worry about that."
"What, Me Worry?" -- Alfred E. Newman of MAD Magazine fame.
(Source: Various Media, iPolitics, 7 Aug., 2018)
Contact: Environment Minister Hon. Rod Phillips, www.ola.org/en/members/all/rod-phillips
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Saskatchewan Strikes Back Against Fed. Carbon Tax (Reg & Leg)
Canada Carbon Tax
"It is our position that the (Canadian) federal government has no constitutional authority to second guess provincial decisions with respect to matters within provincial jurisdiction, yet that is exactly what the federal government is attempting to do by imposing a carbon tax only in certain provinces, like Saskatchewan, based on their evaluation of provincial climate change and carbon pricing policies." said Saskatchewan's new Premier Scott Moe in a statement. The province will "strongly consider" intervening in Ontario's legal challenge to the federal Liberal government of Premier Justin Trudeau's carbon tax imposition plan, Moe added.
To that end, the government of Saskatchewan has launched their appeal in opposition of the federal carbon tax.
(Source: Office of Saskatchewan Premier the Hon. Scott Moe, Click Lancashire, Independent News, 5 Aug., 2018)Contact: Office of Premier the Hon. Scott Moe, www.saskatchewan.ca/government/government.../honourable-scott-moe
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Cdn. National Carbon Tax Projections Revealed (Ind. Report)
As we reported in June, a report on Canadian Liberal Prime Minister Justin Trudeau's carbon tax prepared by University of Calgary economics professor Jennifer Winter found the impact of Trudeau's carbon tax on a typical Canadian household:
At $50 per ton, Alberta, Saskatchewan and Nova Scotia households will be hit with more than $1,000 of carbon tax per year to comply with the $50-per-tonne carbon tax Ottawa has mandated for 2022. Nova Scotia ($1,120) and Alberta ($1,111) will have the highest bills, followed by Saskatchewan ($1,032), New Brunswick ($963), Newfoundland ($859) and Prince Edward Island ($788). The average household in Ontario will pay $707 a year to comply with the carbon tax once its fully implemented.
At $100 a tonne, households in Alberta will be slammed $2,223, Saskatchewan will be hit with $2,065 and in Nova Scotia, $2,240. At $100 a tonne, the average price for households in all provinces will be well in excess of $1,000 per year. (Source: University of Calgary, Fraser Inst., Financial Post, 27 June, 2018) Contact: University of Calgary, Prof. Jennifer Winter, https://econ.ucalgary.ca/profiles/jennifer-winter
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Carbon Tax Included in Alaska Climate Action Plan Draft (Ind. Report)
Alaska Governor Bill Walker's Climate Action Leadership Team has been discussing a draft plan to tackle climate change, including a carbon tax to cover climate change mitigation and related initiatives and program costs.
At least seven states have proposed carbon pricing legislation. Carbon pricing is basically this broad term for putting a price on CO2 emissions. It includes things like a carbon tax or a cap and trade program.
Alaska's draft plan recommends the state should think about endorsing a national strategy to put a price on carbon while also taking steps to implement its own carbon tax. The most commonly talked about ways that could work is, as fuel comes out of the ground, oil and gas companies would pay a fee.
And that cash would be used to help fund various energy efficiency projects and more studies to better understand the impacts of climate change.
Download the Draft Climate Change Policy
HERE (Source: KTOO Public Media, 1 Aug, 2018)
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Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers -- Report Available (Ind. Report)
Carbon Capture and Storage ,CCS
The recently released Global Carbon Capture and Storage Market 2017-2021 Developments, Opportunities, Players, Regions, Suppliers
report provides detailed information on the driving factors and challenges that will define the upcoming development of the Carbon Capture and Storage (CCS) market. The report examines existing opportunities in small markets for investors thorough an analysis of the competitive landscape and product offerings of key players including: Babcock & Wilcox, ENGIE, GE Power, The Linde Group, Mitsubishi Heavy Industries, Air Products and Chemicals, Aker Solutions, Amec Foster Wheeler, Chevron, Fluor, Hitachi, Net Power, Schlumberger, Shell, Siemens, Statoil, and Sulzer.
According to the report, the CCS market is predicted to grow at a CAGR of 9.18 pct. up to 2021.
View report details HERE.
Request a report Sample PDF HERE.
(Source: Absolute Reports, July, 2018) Contact: Absolute Reports, www.absolutereports.com
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