Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. 24/7 Space News .




CLIMATE SCIENCE
EU lawmakers reject plan to make polluters pay more
by Staff Writers
Strasbourg, France (AFP) April 16, 2013


European lawmakers defied the European Commission Tuesday to vote down controversial plans to make polluters pay more under a scheme designed to cut greenhouse gases blamed for global warming.

The European Parliament voted 334 against, with 315 for and 63 abstentions on a proposal to freeze 900 million tonnes of carbon dioxide emission credits in 2013-15.

The European Commission launched the plan last year hoping the freeze would boost prices by cutting the supply of credits, thus making it financially more attractive for companies to invest in clean technology rather than continue polluting.

Analysts said a 'Yes' vote could have seen the price of CO2 credits double, giving new impetus to the EU's Emissions Trading System (ETS).

Instead, as news of the rejection came through, the price per tonne of CO2 slumped to 2.63 euros before recovering some lost ground to trade just below 3.0 euros.

Environmental group Greenpeace called the vote a "historic failure," and said national governments should now act to cut greenhouse gas emissions.

The ETS was set up with the aim of cutting greenhouse gas emissions by 21 percent between 2005 and 2020.

EU Climate Change Commissioner Connie Hedegaard said she regretted the 'No' vote.

"Europe needs a robust carbon market to meet our climate targets and spur innovation," Hedegaard said in a statement.

The Commission "remains convinced (the plan) ... would help restore confidence in the EU ETS in the short term until we decide on more structural measures.

"We will now reflect on the next steps to ensure that Europe has a strong EU ETS," she said. "The market, the investors and our international partners are all awaiting."

Ireland, the current EU chair, said the vote was disappointing, stressing that "the immediate need to address the carbon price issue in the ETS remains a clear priority."

Work on the proposal would continue, it added in a statement.

EU officials had said they expected a "very close" vote after the conservative European People's Party, the largest group in the parliament, announced it would oppose the move because it did not believe in such market intervention.

"We do not want to support a new tax" on industry, said EPP member Amalia Sartori of Italy.

The EPP also attracted support from the small European United Left group which condemned the ETS as "ineffective and perverse," and from conservative British MEPs opposed in principle to interference in the market place.

Poland, which relies very heavily on coal for its power, and industries using huge amounts of energy such as steel all opposed the plan given the potential cost involved.

Steel and similar industries "have every interest in the price of CO2 being very low," said one EU source.

Under the ETS an amount of pollution credits is first allocated free of charge to companies to cover their CO2 emissions.

If their emissions exceed this level, companies can either buy more credits through the ETS or choose to invest in new technology to reduce their pollution and save money in the longer-term.

The EU initially planned to sell credits for 8,500 million tonnes of carbon emissions in the period 2013-2019 and some officials had suggested that the freeze needed to be for 1,400 million tonnes to be really effective.

Last week, the environment ministers of Britain, Denmark, France, Germany, Italy and Sweden wrote in a letter to MEPs that "eight years of efforts" to control CO2 emissions would be put at risk if parliament voted 'No'.

MEPs separately approved plans to exclude international flights from the ETS regime until 2014 pending a global accord at the International Civil Aviation Organization (ICAO), after their inclusion sparked uproar from around the world.

Almost all ICAO members objected to the EU carbon tax on international flights to and from the bloc, which formally took effect in January 2012, saying it violated international law.

.


Related Links
Climate Science News - Modeling, Mitigation Adaptation






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CLIMATE SCIENCE
CO2 removal can lower costs of climate protection
Potsdam Germany (SPX) Apr 16, 2013
According to the analysis, carbon dioxide removal could be used under certain requirements to alleviate the most costly components of mitigation, but it would not replace the bulk of actual emissions reductions. "Carbon dioxide removal from the atmosphere allows to separate emissions control from the time and location of the actual emissions. This flexibility can be important for climate p ... read more


CLIMATE SCIENCE
Characterizing The Lunar Radiation Environment

Russia rekindles Moon exploration program, intends setting up first human outposts there

Pre-existing mineralogy may survive lunar impacts

Lunar cycle determines hunting behaviour of nocturnal gulls

CLIMATE SCIENCE
Accurate pointing by Curiosity

NASA Mars Orbiter Images May Show 1971 Soviet Lander

Opportunity is in position for solar conjunction at 'Cape York' on the rim of Endeavour Crater

NASA spacecraft may have spotted pieces of Soviet spacecraft on Mars

CLIMATE SCIENCE
Testing Spacesuits in Antarctica, part 1

Obama's budget would boost science, health

Underwater for outer space

NASA Celebrates Four Decades of Plucky Pioneer 11

CLIMATE SCIENCE
Shenzhou's Shadow Crew

Shenzhou 10 sent to launch site

China's Next Women Astronauts

Shenzhou 10 - Next Stop: Jiuquan

CLIMATE SCIENCE
Unmanned Russian space freighter leaves space station toward fiery end

Europe sets June 5 for launch of space freighter

Spooky action at a distance aboard the ISS

First data released from the Alpha Magnetic Spectrometer

CLIMATE SCIENCE
Ukraine aims to accelerate space industry development

Payload integration is underway for Vega's second mission from the Spaceport

Ecuador to launch first homemade satellite

Arianespace receives the second Vega for launch from French Guiana

CLIMATE SCIENCE
Can One Buy the Right to Name a Planet?

Retired Star Found With Planets And Debris Disc

The Great Exoplanet Debate

NASA Selects Explorer Investigations for Formulation

CLIMATE SCIENCE
High pressure gold nanocrystal structure revealed

Scientists design new adaptive material inspired by tears

UC Research Demonstrates Why Going Green Is Good Chemistry

Florida Tech professors present 'dark side of dark lightning' at conference




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement