Tag Archives: carbon

EU Carbon Price Crisis Spreads To Australia

Last updated on 10 May 2013, 7:33 am By John Parnell The crisis in the European carbon market has spilled over to Australia with the government forced to postpone a promised tax cut. Australia placed a charge of A$24 per tonne on the largest emitting industrial sectors with its powerful mining industry hit hard. A planned increase in the tax free income tax threshold that was linked to money raised by the carbon tax has now been postponed. “If the carbon price forecast is revised down, as it will be in the budget, then there’s no case for the additional measures that we had put in place,” Climate Change Minister Greg Combet confirmed on Wednesday. Opposition leader Tony Abbott, who has pledged to scrap the tax and the country’s climate commission should he win September’s election, said it was further evidence that Julia Gillard’s government could not be trusted. “This is a government that talks about living in the Asian century, yet they gave economic policy-making in Australia over to the Europeans,” said Abbott. The struggling EU Emissions Trading System (ETS) will be partially linked to the Australian market in 2015 and fully linked in 2018. A recent vote by the European Parliament against reforms of the struggling ETS raised fears that market faced a period of stagnation. Asked by RTCC if Australia was reviewing the plans for the link-up, a spokesperson for Minister Combet said: “Australia remains committed to the link with the European Union carbon market.” They added that carbon markets including the EU link-up were part of the process of building momentum for the UN’s 2015 global climate treaty, due to come into force in 2020. A combination of reduced economic output as a result of the recession and the absence of more ambitious EU climate targets mean the cap has been placed too high and the demand to trade emission permits is too low. In April the proposal to withhold 900m credits from the next phase of the system to this imbalance in supply and demand, was voted down 334-315. A second vote on a tweaked version of the reforms will take place in the first week of July. Continue reading

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Carbon Friendly Retains Sustainable Capital Corporation to Provide Research Report with Target Price

May 03, 2013 02:00 PM Eastern Daylight Time Carbon Friendly Retains Sustainable Capital Corporation to Provide Research Report with Target Price VANCOUVER, British Columbia–( BUSINESS WIRE )– Carbon Friendly Solutions Inc. ( CNSX: CFQ ) (the “Company” or “Carbon Friendly”) announces that it has retained Sustainable Capital Corporation (“Sustainable Capital”), a Canadian-based firm, to render an independent research report by the beginning of June, 2013 with a target price. Accordingly, Carbon Friendly has concluded its relationship with Expansion Funding, LLC (“Expansion”). “I am pleased with the interest that MicroCoal technology has received from major utilities in key international markets. Further, I look forward to working efficiently with Sustainable Capital to receive a report in a timely manner.” The Company reports it will continue to remain focused on seeking a listing on a US Exchange; however, in order to maximize the Company’s value in advance of a listing in the US, the Company will be focused on securing additional MicroCoal™ sales and opportunities. In addition to its current agreements, the Company will follow-through with other utilities and prospects that have expressed keen interest in the MicroCoal technology and its benefits. Slawek Smulewicz, CEO and Director of the Company, states: “ I am pleased with the interest that MicroCoal technology has received from major utilities in key international markets. Further, I look forward to working efficiently with Sustainable Capital to receive a report in a timely manner.” Furthermore, a total of 1,500,000 shares held in escrow by certain parties were released back to the Company and the shares have now been returned to treasury. About Sustainable Capital Corporation Inc.: Sustainable Capital Corporation is a Canadian capital markets advisory firm dedicated to serving emerging clean-technology and select life sciences companies. Sustainable Capital is committed to growing the Canadian clean technology sector and providing the investment community with objective research reports. About Carbon Friendly Solutions Inc.: Carbon Friendly Solutions Inc. , through its subsidiaries, is focused on the development of energy efficiency technology, renewable energy, and reforestation projects that have the potential to generate significant revenue. MicroCoal Inc . has an internationally patented technology that is expected to improve coal-fired utilities’ economic performance by reducing input costs, improving operations and simultaneously reducing their environmental footprint. Global CO2 Reduction generates Carbon Offsets from forestry projects that may be transacted through international voluntary markets. Carbiopel S.A. aggregates biomass supply and produces biomass fuel pellets for the European market, including large European utilities and independent renewable energy providers, in line with EU renewable energy directives. On behalf of the Board of Directors Carbon Friendly Solutions Inc. “Slawek Smulewicz” CEO and Director Forward Looking Statements Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words – “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, or similar exp ressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company’s results could differ materially from those anticipated in these forward-looking statements. Neither CNSX nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of the release. We seek safe harbor. Please contact: Slawek Smulewicz CEO and Director, Carbon Friendly Solutions Inc. Telephone: (604) 676 9792 E-mail: info@carbonfriendly.com Contacts Carbon Friendly Solutions Inc. Slawek Smulewicz, 604-676-9792 CEO and Director info@carbonfriendly.com www.carbonfriendly.com Continue reading

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Carbon Farming Could Restore Australia’s Southern Coastal Wetlands

8 May 2013, 6.35am EST      Carbon farming could restore Australia’s southern coastal wetlands    Restoring our southern wetlands as carbon farms would have many additional benefits to the ecosystem and the public. Catherine Lovelock Australia’s southern coastal wetlands are more diverse than most people realise. In a recent paper , Paul Boon suggests they provide valuable ecological services that exceed those of inland wetland ecosystems. But these wetlands face enormous pressures from urban development and climate change. Fifty percent of coastal wetlands have been lost from the east coast of Australia. Despite this staggering loss we don’t know enough about them to manage or restore them effectively because of years of under-valuing, under-researching, under-funding and under-managing them. We now have an opportunity to redress the poor treatment of our southern coastal wetlands. Wasted wetlands to carbon farms Coastal wetlands store and sequester large amounts of carbon in their soils. “ Carbon farming ” is encouraged in the land-based environment to improve condition of the landscape and provide offsets for activities that emit carbon dioxide. Carbon farming could be encouraged in coastal wetlands, with restoration and improved management providing the possibility of benefits for biodiversity, fisheries, coastal protection and recreation. The carbon value arises because the plants of coastal wetlands are highly productive in contributing their own carbon to the soils. They can also “trap” carbon from other locations that is delivered with water flows. Additionally the low oxygen levels in their waterlogged soils inhibits decomposition of the carbon in the organic matter that is deposited leading to large stores of carbon in their soils. Recent studies of the carbon gains of restoration of saltmarsh in Australia indicates that about 0.6 – 1.4 tonne of carbon per hectare per year is stored in these wetlands ( Howe et al. ) compared to 0.1 – 0.3 tonne per hectare per year in agricultural soils when management is improved ( CSIRO agricultural soils report ). With the restoration of these ecosystems the potential for carbon sequestration far exceeds that of land-based ecosystems on a per hectare basis. Rogers et al. estimate that opening flood gates and allowing sea water with sea level rise into the Hunter River system could result in an additional 750,000 tonnes of carbon sequestered by 2100. Saltmarshes and mangroves are only two of the sixteen coastal wetland types listed in Boon’s paper. Other types, such as estuarine wetlands and melaleuca forests are known to have highly organic soils and are also likely to sequester large amounts of carbon. Siezing the opportunity Including coastal wetlands in the Carbon Farming Initiative (CFI) would not require any changes in the current legislation, because restoring drained wetlands is already listed as an eligible activity. This could be extended further to include restoration of degraded wetlands. The possibility of carbon sequestration projects in wetlands has already been established, with mangrove projects operating under the international voluntary carbon markets. Additionally, it is feasible that insurance can be obtained for carbon in wetlands. Multiple benefits would flow from including restoration in the CFI. Many coastal wetlands in southern Australia are contained within privately-owned properties, and recognising the carbon sequestration values of well managed wetlands can have a positive impact on property values. The Department of Climate Change and Energy Efficiency’s recent assistance package to regional Natural Resource Management groups could be used to explore the benefits from carbon farming by restoring coastal wetlands. Better still would be to include in the CFI a mechanism for including restoration of wetlands on public lands. This would go some way to reversing the degradation and loss that is occurring. National benefits Although coastal wetlands are currently managed mainly at the level of state and local government as well as by private landholders, they are a vital national asset. The Australian Government will benefit from coastal wetland restoration because of improved habitat for biodiversity, flood control and water quality improvement. But also the Government stands to benefit from the new wetlands accounting framework of the IPCC that is currently under review and likely to be ratified in October 2013. In this document the conversion and degradation of coastal wetlands will have an established carbon cost, and their maintenance and restoration will assist in Australia’s carbon balance. Although the Australian and state governments have legislative control over coastal wetlands, often the cost of day-to-day management of coastal wetlands is at local government level with a plethora of demands placed on their limited resources. A modified Carbon Farming Initiative that can include restoring publicly-owned wetlands may provide badly needed resources for local governments to manage wetlands in a way that increases their carbon sequestration with the additional benefits to biodiversity, fisheries, water quality, flood control and recreation. Ultimately our whole society benefits from having intact, functional and diverse wetlands. Colin Creighton of the Fisheries Research Development Corporation, Neil Saintilan of the NSW Office of Environment and Heritage and Anissa Lawrence of TierraMar Consulting also contributed to this article. Continue reading

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