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BREXIT Fallout -- ICE EU Carbon Trading Leaving London (Int'l.)
Intercontinental Exchange
Date: 2021-02-10
In London, the Intercontinental Exchange (ICE) reports it is moving its trading in contracts for European carbon emissions allowance futures from London to the Netherlands in mid-2021.

"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,  


UK Confirms Post-BREXIT Emissions Trading Scheme (Int'l. Report)
UK Carbon Emissions
Date: 2020-12-16
In London, the UK Conservative government of PM Boris Johnson has confirmed the introduction of a national emissions trading scheme (UK ETS) to replace the EU system (EU ETS) when BREXIT comes into force on 1 Jan., 2021.

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,  


Strict UK Post-Brexit ETS Expected (Int'l. Report)
UK Department for Business, Energy and Industrial Strategy
Date: 2020-12-04
According to Fitch Ratings, the UK is increasingly likely to adopt a post-Brexit national emissions trading system (ETS) similar to the EU ETS.

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, enquiries@beis.gov.uk, 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 ,  


UK Farmers Aim for Carbon Neutrality by 2035 (Int'l. Report)
Barclays Bank
Date: 2020-10-19
In the UK, a Barclays Bank survey of 1,000 farmers has found that 83 pct of respondents believe they could be carbon-neutral by 2035 -- five years ahead of the 2040 target set by the National Farmers Union (NFU) -- while 16 pct claimed they were already carbon neutral.

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,  


Post Brexit UK Retaining EU CO2 Emissions Regulations (Int'l.)
UK Department for Transport
Date: 2020-08-19
In London, according to a new Department for Transport consultation the UK will maintain a "regulatory regime as close to business-as-usual scenario for manufacturers and remain with EU regulation on CO2 emission standards" even after leaving the European Union at the end of this year.

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 ,  


Proposed UK Biowaste-to-Energy Plant Drops Gasification (Int'l.)
Northacre Renewable Energy,Bioenergy Infrastructure Group
Date: 2020-06-19
In the UK, Reading-based waste-to-energy specialist Northacre Renewable Energy Limited reports it is changing the technology to be used in its proposed, £200 million, 243,000 tpy Westbury plant from gasification to a conventional moving grate combustion process primarily due to supply chain uncertainty caused by Brexit.

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, northacre@bioenergyinfrastructure.com, www.northacre-energy.co.uk: Bioenergy Infrastructure Group, +44 (0) 118 929 8350, info@bioenergyinfrastructure.com, www.bioenergyinfrastructure.co.uk

More Low-Carbon Energy News Biowaste news,  Waste-to-Energy news,  Biomass news,  Bioenergy Infrastructure Group news,  


London Plans Post-Brexit Emissions Trading Scheme (Int'l. Report}
Carbon Market, EU ETS
Date: 2020-06-03
With the fast approaching Brexit finalization, the UK is floating a UK Emissions Trading System (ETS) to replace the European Union's system (EU ETS) from which it will be excluding at the end of the year.

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,  


£3.7Mn Invested in Welsh Bio-Economy Program (Int'l)
Wales Bioenergy
Date: 2019-10-28
In Wales, Counsel General and Brexit minister Jeremy Miles has unveiled a £3.7 million EU investment to extend the BEACON bio-economy programme, led by Aberystwyth University, until 2022. An additional £440,000 EU funds will expand the BEACON project across Wales, tackling specific local challenges, while connecting new partners and making use of region-specific natural resources.

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 isd@aber.ac.uk, www.aber.ac.uk

More Low-Carbon Energy News Bioenergy,  Biofuel,  


No-Deal Brexit Means Lower Carbon Tax for UK Industries (Int'l)
Carbon Tax
Date: 2019-09-11
In the UK, the Herald Media is reporting PM Boris Johnson's government is preparing to impose a tax of £16 per ton of carbon, if the country exits the European Union without a deal on the 31st of October.

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,  


UK PM Lobbied on Net-Zero Emissions (Opinions, Editorials & Asides)
Aldersgate Group
Date: 2019-08-02
In London, only two weeks after moving into No.10 Downing Street, UK Prime Minister Boris Johnson is being lobbied by a green policy manifesto from the Aldersgate Group. The manifesto -- Building a Competitive, Net-Zero Emissions and Climate-Ready Economy -- outlines various measures Aldergate Group members believe will accelerate the UK's decarbonisation progress while boosting environmental protections and growing the economy.

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., info@aldersgategroup.org.uk, +44 (0) 20 7841 8966, www.aldersgategroup.org.uk

More Low-Carbon Energy News Aldersgate Group,  Net-Zero Emissions,  Climate Change,  Boris Johnson,  


UK Parliamentarians Call for B10 Ethanol Blend Rate (Int'l)
All-Party Parliamentary Group for British Bioethanol
Date: 2019-07-22
In London, the All-Party Parliamentary Group (APPG) for British Bioethanol has suggested increasing the ethanol-petroleum blend rate be increased fro the present 5 pct to 10 pct (E10). The parliamentarians suggest the increase would protect the jobs of the 6,000 or so people currently working to grow feed stock crops used to produce ethanol an thus help keep the country's struggling bioethanol industry afloat.

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, info@britishbioethanol.com, www.britishbioethanol.com

More Low-Carbon Energy News B10,  Ethanol,  UK Ethanol,  All-Party Parliamentary Group for British Bioethanol,  


British Steel Borrows to Meet Pre-Brexit EU ETS Rules (Int'l)
British Steel,Bexit
Date: 2019-05-06
Following up on our 15th April report on the European Union's decision to suspend Britsh Steel and other UK firms' access to free carbon permits under the EU ETS until a Brexit withdrawal deal is ratified, the UK government reports it has loaned British Steel £120 million to meet its obligations under EU ETS rules allowing industrial polluters to use carbon credits to pay for the previous year's emissions, or trade them to raise money.

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,  


British Steel Seeks £100Mn to Meet Pre-Brexit EU ETS Rules (Int'l)
EU ETS
Date: 2019-04-15
The BBC is reporting the European Union's decision to suspend UK firms' access to free carbon permits under the EU ETS until a Brexit withdrawal deal is ratified is behind British Steel's decision to seek a £100 million to meet EU ETS rules allowing industrial polluters to use carbon credits to pay for the previous year's emissions, or trade them to raise money.

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,  


UK Planning Post-Brexit Emissions Trading Scheme (Int'l Report)
EU ETS
Date: 2019-03-01
In London, the UK Energy and Clean Growth Minister Hon. Claire Perry is confirming the government is working on plans to develop a "post Brexit" domestic emission trading scheme [ETS) that could link with the existing EU ETS from January 2021. The UK government is hoping to leave the EU with a Withdrawal Agreement that allows it to remain in the bloc's ETS through to the end of the current trading period at the close of 2020 at which time it would establish a domestic ETS that could integrate with the EU scheme,

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,  


WELTEC BIOPOWER Claims Large UK Biogas Plant Order (Int'l)
WELTEC BIOPOWER
Date: 2019-02-22
Vechta, Germany-headquartered biogas plant specialist WELTEC BIOPOWER reports it has begun construction of a biomethane plant for Lane Farm Energy Ltd (fka Norwood Energy Ltd.) near Pontefract, West Yorkshire, UK. The gas-to-grid project developed by Aqua Consultants. The plant will go live in late 2019 and deliver c7.3 million m2 of biomethane to the UK gas distribution network. This amount of eco-friendly natural gas equivalent is sufficient to supply about 9,600 households with sustainable energy, 24/7.

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 presse@weltec-biopower.de, www.weltec-biopower.de

More Low-Carbon Energy News WELTEC BIOPOWER,  Biomethane,  Landfill Gas,  Anaerobic Digestion,  


UK Suspended from EU ETS Pending BREXIT Resolution (Int'l Report)
EU ETS
Date: 2018-12-21
In Brussels, the European Commission (EC) reports that as of January 1, 2019, it has temporarily suspended EU ETS emissions trading system processes related to Britain's convoluted and contentious BREXIT is concluded. Accordingly, the UK Britain will be unable to auction carbon permits, allocate them for free to operators, or exchange international credits for as long as the suspension remains in place, the EC added in a statement.

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,  


EC Prepares for Brexit, Updates Energy Efficiency Legislation (Int'l)
European Commission
Date: 2018-11-21
Kallanish Energy is reporting the European Commission (EC )is proposing a "technical" amendment to the EU energy efficiency legislation as part of its preparation for UK's still uncertain withdrawal from the 28-member trade group.

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,  


No-Deal Brexit Would Kill Britain's EU ETS Participation (Int'l)
EU ETS
Date: 2018-11-14
In Brussels, Reuters is reporting that without a deal to leave the EU , Britain, Europe's second largest emitter, will be excluded from the European Union Emissions Trading System (EU ETS) and all other legislation to help limit the impact of climate change. The EC could also temporarily suspend permit auctions and free allocations linked to the UK market in an effort to minimize the worst disruption in key areas in case of a no-deal Brexit.

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,  


Exchequer Plans £16 Carbon Tax to Replace EU ETS (Int'l)
EU ETS, Carbon Tax
Date: 2018-10-31
Bloomberg is reporting the Exchequer's (U.K Treasury Department) annual budget is proposing imposition of a £16 ($20 +-) per ton tax on carbon emissions if Brexit talks fail and the UK is excluded from the EU Emissions Trading System (EU ETS), early in 2019.

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,  

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