Category Archives: International Policy/Programs

As Conservatives Win Australian Election, What Impact Will It Have on Carbon Markets

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Tony Abbott, the head of the Liberal National Party Coalition, has won the election in Australia to become the country’s new Prime Minister. Abbott has long vowed to scrap the carbon tax that the government implemented in 2012, going as far as declaring the election a “referendum on the carbon tax.” His plans to get rid of the carbon tax may have to wait until the new senators take their seats next July, as current Labor and Green party members plan to try and prevent the process while they can. Abbott hopes to introduce an incentive plan for taxpayers in an effort to make polluters operate [...]Read more

First Large-Scale CCS Project Destined for North America

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Carbon capture and sequestration has been seen as a key technology in the battle against climate change. The International Energy Agency has estimated that in order to meet carbon emission goals, 100 CCS projects would need to be up and running by 2020 and over 3000 projects would be needed by 2050. As a result, countries have been seeking funding and the best available method to implement these commercial scale projects. At one time, Europe seemed like it had the ability to meet the demand first but according to a new report from Bloomberg, it appears that North America is now likely to get the [...]Read more

Deal Reached in Final Hours at UNFCCC Talks in Durban

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As the United Nations Framework Convention on Climate Change(UNFCCC) went into its final weekend of talks in Durban, South Africa, many doubted whether an agreement could be reached. However as the final hours approached there was an agreement reached that promised a “universal legal agreement on climate change as soon as possible, but not later than 2015.” A new group, the Ad Hock Working Group on the Durban Platform for Enhanced Action, was formed to begin work immediately on an agreement. The key to the agreement was getting both developed and developing countries to agree to it. [...]Read more