RE and EE Carbon Policy news 26 January 2015
Weekly RE and EE Carbon Policy news update from the web.
New efficiency standards for residential water heaters are on the horizon
Residential water heating products affected by the new 2015 Energy Conservation Standards include gas-fired, oil-fired, electric, tabletop, instantaneous gas-fired and instantaneous electric. See the chart below for new energy factor requirements for all these products.
Businesses’ energy efficiency upgrades ‘invisible’
That’s the view of Tim Rotheray, Director of the Association for Decentralised Energy (ADE), whose new report highlights improved energy efficiency has helped the UK avoid building 14 new power stations.
It found demand side investments such as onsite generation and efficiency have saved British consumers £37.2 billion on their energy bills every year.
Carbon emissions have also reduced, equivalent to one-third of the emissions absorbed by the Amazon rainforest annually.
Referring to the report titled ‘Invisible Energy’, Mr Rotheray told ELN: “When you tell someone, this hospital here or that building there, they’ve done X or Y in terms of reducing their energy demand, no one knows about it.
“The economy has grown and energy use has stayed broadly flat and most of that is due to activity in the decentralised energy space, in the demand side.”
The Ecosystem Marketplace’s Forest Carbon News
For those of us who stocked our cabinets with canned food and pored over Y2K personal survival guides in 1999, it’s hard to believe we made it this far. But here we are a whole 15 years into the new millennium and our computer clocks are still ticking, even as the atmospheric carbon dioxide (CO2) concentration continues to rise. Gone are the days when climate projections for the year 2020 seemed far away. We’re already back to the future and we don’t have much more time – or atmosphere – to spare.
Will 2015 be THE year when countries come to an international agreement to reduce greenhouse gas (GHG) emissions? How will forests and land use be incorporated in this vision? What role will the private sector play?
For this New Year’s edition of Forest Carbon News, we asked market experts to look into their crystal balls and answer the following question:
What are your predictions for the forest carbon markets in 2015? What policy, science, economic, and other developments could impact the market?
Market waits on SB32 to outline post-2020 directions
California’s lawmakers will during this session discuss Senate Bill 32 (SB32), first proposed in December by Senator Fran Pavley, which would confer authority upon the Air Resources Board (ARB) to mandate greenhouse gas (GHG) emission reductions through 2050, and require ARB to approve a 2050 statewide emissions target equivalent to an 80% reduction below the 1990 level.
The bill, which is quite basic in its current form, is expected to undergo changes in its structure as it will have to pass two committees and both the Senate and Assembly, before landing on the Governor’s desk for final approval.
“Pavley is an important author and this is an important bill. When this bill reaches the committee it will trigger a big discussion on California’s long-term emissions policy, and how the bill fares will be signal for what the California legislators are looking for,” remarked Jon Costantino, Senior Advisor at Manatt, Phelps & Phillips, LLP, “The Governor would like to see such a bill, in one form or another, passed by the Californian Legislature, but it remains to be seen how the other members in the Senate and the Assembly take positions on this. I expect we will find that out most probably towards the latter end of the year.”
Reducing Carbon Pollution and Transitioning to Clean Energy
Gov. Inslee’s 2015 climate legislation will help Washington continue its transition toward energy independence, reduce carbon pollution and meet our statutory greenhouse gas limits. The proposals support Gov. Inslee’s Executive Order 14-04 issued in 2014.
Top 10 Carbon Market Predictions for 2015 from The Climate Trust
The Climate Trust, a mission-driven nonprofit that specializes in climate solutions, with a reduction of 1.9 million tons of greenhouse gases to its name, announced its second annual prediction list of 10 carbon market trends to watch in 2015.
The trends, which range from increased climate change adaptation measures at the state and city-level to new protocols for agriculture and forestry, were identified by The Climate Trust based on interactions with their diverse group of working partners—government, utilities, project developers and large businesses.
“We’re excited to once again look at the overall market with fresh eyes and identify areas of potential movement and growth,” said Dick Kempka, vice president of business development for The Climate Trust.
EPA to Issue Carbon Rules by Summer
Three of the most sweeping federal regulations of power plant carbon emissions in U.S. history will be finalized all at once this summer, the Environmental Protection Agency announced Wednesday – an attempt, some experts say, to fend off legal challenges to the controversial climate change measures.
Separate emissions standards for new, modified and existing power plants will be completed “by mid-summer 2015,” Janet McCabe, acting assistant administrator for EPA’s Office of Air and Radiation, said in a call with reporters. They are the first ever that would rein in carbon dioxide emissions from power plants and together form a cornerstone of President Barack Obama’s second-term efforts to address climate change.
What falling oil prices may mean for the future of renewable energy investment
Oil prices have plummeted in recent months, with the price of oil today hitting its lowest point for five years. That’s led to lots of speculation about the impact of falling oil prices on the world’s efforts to cut emissions by decarbonising the energy sector.
There’s little consensus. Some analysts argue that the falling oil price could end the world’s slow march towards zero carbon energy. Others say renewables are established enough to see out the storm.
There are good reasons for such uncertainty. The renewable energy industry’s fate rests on a number of factors that are very hard to predict.
We take you through the key elements of what’s likely to continue to be a major story in coming months.