"ICE was founded in 2000 to digitize the energy markets and provide greater price transparency. We've been transforming markets, products and processes ever since. By combining our world class technology with our leading data services and operating expertise, we add transparency and enable customer efficiency gains that advance both our networks and solutions for our customers. It is this consistent and strategic approach that has propelled our expansion from a small technology network serving the U.S. power industry just over two decades ago, into a global enterprise that operates networks across the major asset classes", according to the ICE website. (Source: Intercontinental Exchange, PR, Feb., 2021) Contact: Intercontinental Exchange, +44 20 7825 8000, www.intercontinentalexchange.com
More Low-Carbon Energy News Carbon Emisions, Carbon Credit,
The UK ETS would immediately lower the current EU cap on greenhouse gases that businesses can emit by 5 pct and thus provide greater certainty about the decarbonisation trajectory over the long term and deliver a "robust carbon price signal" to spur business to invest in carbon abatement -- CCS.
The UK ETS would initially apply to electric power generation, aviation and other energy-intensive industries, and carbon pricing could be expanded across the economy, the paper showed.
Britain is aiming for net-zero carbon emissions by 2050 and recently increased its emissions reduction target from 57 to 68 pct for 2030. (Source: Various Media, ENDS Europe, Yahoo Finance UK, 14 Dec., 2020)
More Low-Carbon Energy News EU ETS, UK Carbon Emissions, Carbon Emissions,
The UK emissions trading scheme would be similar to the EU ETS but would apply a tighter emissions cap, higher fines than under the EU ETS and could lead to higher carbon prices -- £100 per tonne -- for the roughly 1,000 UK-based businesses currently covered by the EU ETS but will move to the new scheme, according to the UK Department for Business, Energy and Industrial Strategy (BEIS). (Source: UK Department for Business, Energy and Industrial Strategy, Fitch Ratings, Dec, 2020) Contact: BEIS, +44 0 20 7215 5000, firstname.lastname@example.org, www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy
More Low-Carbon Energy News UK BEIS, EU ETS, Emission Trading, Carbon Emissions ,
The survey found the average farmer is set to invest more than £195,000 over the next decade on renewable energy, improvements to their waste and slurry management and other in agri-technologies to achieve greater efficiency and sustainability.
The survey also suggests that Brexit could accelerate the process of farmers becoming carbon neutral as more than two-thirds of respondents believed it could increase their farm's competitiveness after the UK leaves the EU. (Source: Barclays Bank, Farmers Weekly, 19 Oct., 2020) Contact: Barclays Bank, www.barclays.co.uk
More Low-Carbon Energy News Climate Change, Carbon Emissions, Carbon Neutral,
The consultation document includes proposals aimed at avoiding confusion, especially as the country's vehicle fleet is heavier than the 27 country EU fleets. Moving from the EU fleet average to a UK specific value would "immediately make regulatory targets more demanding for all manufacturers," the consultation document notes.
When made into legislation as proposed, the UK will keep the EU's 15 pct CO2 emission reduction target for cars and vans from 2025, and a 37.5 pct reduction for cars and 31 pct for vans come 2030. Carmakers will face fines of £86 instead of €95 for every gram of CO2 exceeded. The limit is 95 grams per km, and manufacturers will still base their targets on the average weight of vehicles sold.
Download the Department for Transport document details HERE. (Source: UK Gov. Department for Transport, electrive.com, Aug., 2020)
More Low-Carbon Energy News Carbon Emissions, Transportation Emissions, Vehicle Emissions ,
Northacre Renewable Energy Limited (NREL) is special purpose joint venture established to deliver the Northacre energy from waste facility in Westbury. NREL is jointly owned by Bioenergy Infrastructure Group, a UK independent power producer specialising in energy-from-waste and biomass facilities, and The Hills Group, a Wiltshire-based company with business activities including waste management, quarrying of aggregates and building new homes.
BIG invests in a number of energy facilities across the UK, including the Hull Energy Works facility, Evermore Renewable Energy and Birmingham Bio Power.
(Source: Northacre Renewable Energy, PR, Lets Recycle, 17 June, 2020) Contact: Northacre Renewable Energy, email@example.com, www.northacre-energy.co.uk: Bioenergy Infrastructure Group, +44 (0) 118 929 8350, firstname.lastname@example.org,
More Low-Carbon Energy News Biowaste news, Waste-to-Energy news, Biomass news, Bioenergy Infrastructure Group news,
The British ETS would have a £15 per tonne of CO2 fixed auction reserve price, including a cost containment mechanism to prevent price spikes.
The roughly 1,000 UK factories and plants presently covered under the EU ETS will be covered by the UK system, The
British government also noted it would consider a mutually beneficial a link between a UK ETS and the EU ETS . (Source: Financial Post, Various Media, Reuters, June, 2020)
More Low-Carbon Energy News Carbon Market, EU ETS, Carbon Trading,
The funding also enables the University of South Wales to join Aberystwyth, Bangor and Swansea Universities as a new global academic research partner in bio-refining and the bio economy, according to the release.
The BEACON team brings business and academic partners together to translate research into product innovation. Physical, chemical and biological technology will be used to transform resources derived or grown in Wales, like plants and biological wastes, into commercial, useful end products including plastics, renewable materials, fuels and speciality chemicals through bio-refining. In total, around 140 businesses in Wales will benefit from the extension to the project
(Source: Aberystwyth University, PR, Oct., 2019)
Contact: BEACON, Aberystwyth University, Prof. Iain Donnison, Director, +44 (0) 1970 823092 email@example.com, www.aber.ac.uk
More Low-Carbon Energy News Bioenergy, Biofuel,
This tax would come into effect from the 4th of November, and would apply to all stationary installations that are currently subject to the EU ETS.
If the UK were to leave the EU without a deal, the country will also not be subject to the 28-member European Union's Emissions Trade System (EU ETS) which is key to the EU and its member nations meeting emission reduction obligations.
While UK businesses currently pay a carbon tax rate of £26 under the EU ETS, a "No Deal Brexit" carbon tax would result in a £10 cut in the carbon tax rate and would be profitable for UK industries. (Source: Herald Media, 10 Sept., 2019)
More Low-Carbon Energy News EU ETS, Carbon Tax, Carbon Emissions,
The Aldersgate Group's recommendations include: binding energy efficiency targets; fiscal incentives for energy efficient buildings; tightening of emission standards for road transport; and an outline of the powers and limitations of the nation's new post-Brexit watchdog for green standards, and others.
Earlier this week, Johnson pledged to place climate change at the "absolute core" of his Government's actions during his first appearance in the House of Commons as Prime Minister.
The Aldersgate Group currently represents more than 50 organisations from across the private, public and non-profit spaces, including Orsted, Siemens, Willmott Dixon and Cemex.
Download the Aldersgate Building a Competitive, Net-Zero Emissions and Climate-Ready Economy manifest HERE.
(Source: Aldersgate Group, edie newsroom, 1 August 2019) Contact: Aldersgate Group, Nick Molho, Exec. Dir., firstname.lastname@example.org,
+44 (0) 20 7841 8966, www.aldersgategroup.org.uk
More Low-Carbon Energy News Aldersgate Group, Net-Zero Emissions, Climate Change, Boris Johnson,
According to the APPG, "The British bioethanol industry is in a state of collapse, and ministers can not allow the fog of Brexit to distract them any longer from saving a £1 billion industry that will not only make our cars cleaner and greener, but provide thousands of green jobs in the North and prove that the government is serious about championing the green economy."
(Source: All-Party Parliamentary Group for British Bioethanol, GIZMODO, 18 July, 2019)Contact: All-Party Parliamentary Group for British Bioethanol, Nic Dakin, Chairman, email@example.com, www.britishbioethanol.com
More Low-Carbon Energy News B10, Ethanol, UK Ethanol, All-Party Parliamentary Group for British Bioethanol,
Each free permit gives a firm the right to emit a tonne (1,000kg) of CO2. British Steel claims that it is discussing the impact of Brexit on its business with ministers and officials from the Department for Business, Energy and Industrial Strategy (DBEIS) and is in talks with Department for Business about financial assistance. British Steel has until 30 April to comply with EU emission rules.
(Source: British Steel, Insider Media, 2 May 2019
More Low-Carbon Energy News UE ETS, Carbon Emissions, Brexit, British Steel,
Each free permit gives a firm the right to emit a tonne (1,000kg) of CO2.
British Steel claims that it is discussing the impact of Brexit on its business with ministers and officials from the Department for Business, Energy and Industrial Strategy (DBEIS) and is in talks with Department for Business about financial assistance.
British Steel has until 30 April to comply with EU emission rules. (Source: BBC, Steel Times, 14 April, 2019)
More Low-Carbon Energy News Carbon Emissions, EU ETS,
According to the Minister, the EU would be keen to integrate the two carbon markets, despite the fact formal talks on the issue will not start until the UK has resolved the current parliamentary stand-off over the Withdrawal Agreement.
The UK is one of the largest participants in the continent-wide EU ETS which has been widely credited with helping to drive down emissions across the 28-member bloc.(Source: UK Energy and Clean Growth Minstry, BusinessGreen, 28 Feb., 2019) Contact: U.K. Energy and Clean Growth Minister, www.gov.uk/government/ministers/minister-of-state-minister-for-energy
More Low-Carbon Energy News Claire Perry, EU ETS, Aviation Emissions,
Biomethane plants such as Lane Farm Energy will play an increasingly important role in the UK national energy mix. Compared to coal or oil, the biomethane production from leftovers enables carbon savings of about 90 pct, according to the company.
"With the UK needing to boost energy security post-Brexit, and to re-balance its energy mix to reduce carbon emissions in accordance with the Paris Agreement, recovering clean, reliable biomethane from organic wastes and injecting it into the gas grid is a crucial piece of the energy jigsaw. The provision of sustainable renewable heat and transport fuel from wastes means that biomethane will surely be further promoted by forward-thinking Governments. Biomethane plants are the epitome of the sustainable circular economy," the company notes.
(Source: WELTEC BIOPOWER GmbH, PR, Feb., 2019) Contact: WELTEC BIOPOWER GmbH, Ann Borries
+49 (0) 4441-999 78-220
More Low-Carbon Energy News WELTEC BIOPOWER, Biomethane, Landfill Gas, Anaerobic Digestion,
From January, any carbon permits issued by Britain will have to be identified by a country code ("marked") but
transfers of permits already in circulation in and out of accounts held by UK operators will not be affected by the suspension.
If BREXIT is ratified the suspension will be lifted, the EC added.
(Source: European Commission, Reuters, 20 Dec., 2018)
More Low-Carbon Energy News European Commission, Carbon Credits, BREXIT, EU ETS,
According to the EC, the energy consumption figures outlined in the revised Energy Efficiency Directive and the Regulation on the Governance of the Energy Union are based on 28 member statistics, and need to be revised downward to reflect the UK's exit. In terms of GDP, the UK -- $2,770,000 million US -- is the second strongest EU member after Germany at $3,930,000 million US.
(Source: EC, Europe Gov. News, 16 Nov., 2018)
More Low-Carbon Energy News Brexit, Energy Efficiency,
In October, Britain said that if there is a Brexit deal, the country plans to remain in the ETS until at least to the end of its third trading phase running from 2013-2020. (Source: Reuters, Nov., 2018)
More Low-Carbon Energy News Carbon Emissions news, Brexit news, EU ETS news,
Bloomberg notes that UK fossil fuel burning power producers presently pay an £18 per ton "floor price" for CO2 emissions PLUS almost £15 per ton for EU ETS carbon allowances for an estimated total of £33 per ton of carbon emissions. If the UK exits the EU without a deal, emitters will pay the £16 per ton under a planned Carbon Emissions Tax to replace the EU ETS carbon-market portion of their emissions costs, plus the floor price which would remain unchanged, according to the Exchequer proposal. (Source: UK Treasury Dept, Bloomberg, Others, 29 Oct., 2018) Contact: Exchequer, www.gov.uk/government/ministers/chancellor-of-the-exchequer
More Low-Carbon Energy News EU ETS, Carbon Tax, UK Carbon Tax,