CDM
Eskom is undertaking a feasibility study to determine whether there is a potential for earning carbon credits for Medupi, the planned coal-fired power station in Limpopo, South Africa. Medupi will be emitting less greenhouse gasses compared to older coal-fired technology by using “supercritical coal technology” (clean coal).
OneCarbon International has recently become part of Orbeo, a pioneering joint-venture between French Investment Bank Societe Generale and French Chemical company Rhodia. The company is headquartered in Paris, but it operates around the globe and its South African branch has just moved to Rosebank in Johannesburg.
Carbon Market Data, a European company providing carbon market research, recently issued a data summary on the latest of the EU Emissions Trading Schemes (ETS) 2009 emissions reports. According to the company’s calculations, the EU ETS emitted 57 million tonnes CO2 less than their number of freely received carbon allowances in 2009, which equals 3.3% less CO2 than the number of allowances they received for free.
In March, the United Nations Environment Programme (UNEP) published a report showing that over 120 carbon market projects are either up and running or in the pipeline in Africa. Although these projects range from wind power to forestry schemes, the report shows that Africa is still lagging behind the rest of the world and the potential for clean energy remains under-utilised.
“A carbon market changes the behaviour of a country at a corporate level and it ultimately changes the behaviour of electricity end-users. With or without a global climate change agreement, the European cap and trade scheme is here to stay and Africa can learn a lot from our past experiences,” says Mark Lewis, Managing Director of Commodities Research and the Global Head of Carbon Research at the Deutsche Bank.
Monday, 10 May 2010 15:37

Carbon solutions for businesses

The carbon landscape, along with all the energy, sustainability and environmental impacts, are challenging. Promethium, a company dedicated to low carbon and energy solutions in South Africa, understands the unique challenges that companies face when it comes to energy strategies, undertaking pre-feasibility studies for potential projects and turning the studies into technically viable, bankable projects.
Under the Clean Development Mechanism (CDM), rich nations can invest in carbon emissions reductions made by clean energy projects in developing countries and earn Certified Emission Redutions (CERs) that can be sold for profit or used to meet greenhouse gas targets.
COP15 - further guidance to the CDM
The annual Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) also acts as the Meeting of the Parties (MOP) to the Kyoto Protocol (collectively the COP/MOP) and, every year since the inception of the Clean Development Mechanism (CDM), the COP/MOP has provided so-called “Further guidance relating to the CDM”.
At the Copenhagen climate conference, South Africa made a conditional commitment to significant cuts in greenhouse gas emissions which would result in reductions below the current baseline of 34% by 2020 and 42% by 2025. These reductions are ambitious and are unlikely to be met without some form of domestic market mechanism or carbon pricing system in place.
Wednesday, 24 March 2010 11:51

Interest in CDP project growing in 2010

In February 2010, the Carbon Disclosure Project (CDP) announced its eighth annual request for information on greenhouse gas emissions and climate change strategies to over 4 500 companies around the world. This year, companies will report to the CDP through an upgraded system, developed with Accenture, Microsoft and SAP, that will for the first time utilise the full power of online analysis tools to drive improved carbon management.