Tag Archives: carbon
BluForest Inc. Analyzes The Potential Of China Entering The Carbon Trading Market
On behalf of the Board of BluForest Inc. Contact Us Company phone number: 1-855-509-5508 info@bluforest.com www.bluforest.com 8 AUG 2013 WDM Group PR Network QUITO, ECUADOR–(Marketwired – August 7, 2013) – BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF) BluForest Inc. (“BluForest” or the “Company”), an emerging leader in the field of Carbon Trading and Renewable Energy, is currently analyzing the potential of China entering the Carbon Trading Market and linking with other countries’ carbon trading schemes. BluForest has been intently watching as China researches the sustainability and functionality of a foundation of national carbon-trading market before linking with other countries’ carbon trading schemes. The United States, Australia, Japan and the European Union are discussing the possibility of building a sub-regional or regional carbon market with China, said Xie Zhenhua, vice-chairman of the National Development and Reform Commission. “Our priority is getting our work done first, accumulating experience and then taking part in making the rules,” Xie said at a low-carbon forum.(1) Australian Climate Change Minister Greg Combet has expressed hope of eventually linking Australia’s carbon emissions trading schemes with China’s and South Korea’s, according to Reuters. Australia and the EU agreed in late August to link their carbon trade schemes by 2018. The NDRC selected seven pilot regions in November for the trial implementation of carbon trading. The pilot regions are encouraged to design regional regulations, specify the scope of trading and build a registration system and trading platform. China is said to focus on the trial implementation of carbon trading by 2015, with the goal of expanding a nationwide carbon market between 2015 and 2020, said Xie. China is working on designing the guidelines for reporting formats and accounting standards of carbon emissions, and building an online energy consumption monitoring system for major industries. Xie stated that “In the pilot phase, spot trading will dominate carbon trading, while futures trading will be considered when the conditions mature.” Xie also added that “the authorities should adopt measures to prevent risks and ensure a steady carbon market without dramatic fluctuations.” “As a result of investment of more than 2 trillion yuan ($315 billion), China cumulatively saved 700 million tons of standard coal over the past seven years, which was equivalent to a reduction of 1.7 billion tons in carbon emissions,” said Xie. The annual industrial output of the energy saving, environmental protection and recycling sectors is expected to reach 4.6 trillion yuan between 2011 and 2015. Xie said that adopting mechanisms such as the carbon market would help China reach its targets for energy saving and emission reduction in a more economical way.(2) BluForest is entering a rapidly evolving industry that offers investors the opportunity to get involved during the early stages of a marketplace poised for significant returns with mitigated risks. In addition to the voluntary carbon market which is demonstrating significant growth resulting from awareness and social responsibility, the Carbon Credit regulatory markets in Europe, Australia, California, Mexico and several other jurisdictions are also experiencing substantial growth. These indicators and the potential developments within the EU all point to a clear message: “The time to invest in BluForest, an ethical company positioned to capitalize on this growth has never been better!” Our initial land assets rank amongst the most valuable in the world. Their location within a government protected National Park places them on a level above most competitors who often face risks associated with permanence and other influences beyond their control. About BluForest Inc. BluForest Inc. is a development stage company that is a publically traded carbon offsets marketing and renewable energy company. BLUF is executing its strategy to become a leading marketer of carbon offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The BluForest website provides further information about the company which prospective investors are encouraged to visit. Safe Harbor Act Notice: Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company’s ability to obtain additional financing and the demand for the company’s products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. 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Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “should,” “will,” and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Continue reading
Builders Welcome Offset Plan For Zero Carbon Homes
Industry welcomes long-awaited government plans on Allowable Solutions for zero carbon homes By Jessica Shankleman 07 Aug 2013 Builders could be allowed to buy carbon offsets from third parties to help meet a government target for all homes to be “zero carbon” by 2016. The Department for Communities and Local Government yesterday unveiled a consultation on so called “allowable solutions” – the offsite measures house builders can use to curb the emissions from new housing stock in England. Under the government’s Zero Carbon Homes plan, house builders will be required to meet strict standards on energy efficiency by 2016 that could also include the use of renewable energy. However, the government has said it will no longer require house builders to meet the entire target “onsite” through the installation of energy efficiency or generation measures, instead allowing them to deliver some of the required emission reductions through offsite renewable energy or carbon offsetting measures. The new consultation provides further details on these proposed “allowable solutions, arguing that the government should set a national plan to determine how carbon emissions can be offset by builders, rather than allowing local authorities to each set their own frameworks. It suggests four offsetting measures that could be used by a developer once they have calculated the level of emissions that will need to be cut. They include carrying out the carbon abatement work locally, such as connecting the property to a heat network; or the “do-it-yourself” option, which could see a builder improving other existing buildings, or building homes to exceed the current energy efficiency standards . The government would also allow builders to contract out carbon abatement measures to a third party, including local councils, or pay into a nationally managed scheme, based on the Green Investment Bank model, which would then invest in carbon abatement measures. The launch of the 10-week consultation has been eagerly anticipated by the industry, after the government launched the initial call for evidence in early 2011. Allowable Solutions will work alongside the Part L building code to help to deliver the zero carbon homes standard from 2016. Last week, the government confirmed it would tighten energy efficiency standards in Part L from 2014 , confirming a six per cent carbon reduction target for new build homes and a nine per cent cut for non-domestic buildings, compared to 2010 levels. A spokesman for DCLG told BusinessGreen the full regultions and impact assessment for changes to Part L are due to be annouced later this week. Yesterday’s consultation was welcomed by the UK Green Building Council, which believes the resulting decisions will be crucial in defining the government’s zero carbon homes ambition. “The proposals for how builders can meet the zero carbon 2016 target seem sensible, and build on the recommendations made by a UK-GBC Task Group back in 2008, and extensive work since carried out by the industry through the Zero Carbon Hub,” said Paul King, chief executive of the UK GBC. “As our report said in 2008, we believe the price of Allowable Solutions should be set to encourage community level solutions first. We also welcome the proposal that Allowable Solutions should also be available for non-domestic buildings – something we’ve consistently called for. “We look forward to considering the proposals in more detail and working with members to formally respond.” David Bownass, sustainability director for consultancy WSP, said the cost per tonne of carbon for allowable solutions would be critical to which option developers choose to implement. “If the cost is set at the PV equivalent level £90 per tonne then the House Builder DIY route will be widely used as this will be significantly cheaper than any of the other routes,” he said. “However, assuming there is agreement that allowable solutions is the right way forward, the question we should be asking is which of the proposed routes to implementation is the optimum method for reducing carbon emissions in the built environment? The decision on cost should then be made accordingly to promote this option.” Continue reading
Australian Carbon Price Forecasts
London, August 2013 Thomson Reuters Point Carbon has announced its initial forecasts for emission volumes and price developments in the Australian cap-and-trade scheme: We forecast Australian Carbon Units will trade at AUD8.8/t (EUR6.2/t) on average between 2015- 2020. This represents an eight percent discount to EUAs. We base our price forecast on the assumption that the cap-and-trade program will survive the next federal election and begin in 2014. We expect covered emissions to reach 337 million tonnes by 2020. We expect emissions from the power sector to decrease 2 percent over the period July 2014- July 2020 due to increased renewables in the fuel mix. We expect industrial emissions to rise because of LNG capacity growth as well as increasing emissions intensity in the mining sector. The cap could be as low as 257 Mt in 2014-2015 or as high as 278 Mt. Setting the cap according to Australia’s UNFCCC emission reduction target of 5 percent below 2000 levels is more lenient than using the default cap in the legislation. We believe there is an equal chance for both caps (UNFCCC and Default cap) to be implemented. Australia will be a price taker in the international carbon markets. We assume Australian emitters will use their full Kyoto credit limit to comply and will use EUAs last. Given the small Australian demand for international credits compared to the larger European and Kyoto markets – which are both oversupplied – we believe Australia will not impact international carbon prices and will thus take the price from the European market. Cecile Langevin, Senior Analyst at Thomson Reuters Point Carbon, commented: “The price of Australian Carbon Units will not be affected whether the Australian Government sets the cap according to Australia’s current UNFCCC emissions target (5% below 2000 emissions levels by 2020) or uses the default cap to increase the target to 15 percent. In either case there will be demand for EUAs, and ACUs will trade at a slight discount. Such a discount is due to the fact that EUAs are internationally traded on a larger market (EU ETS) and thus benefit from greater liquidity. EUAs are also somewhat less risky than ACUs as the EU ETS market has been in existence for longer than the CPM and can be viewed as more politically stable.” Ends — Continue reading
