News
Publish date: November 25, 2009
Written by: Veronica Webster
News
This announcement reflects a change in position for Shell, who previously defended the European emissions-trading scheme as a satisfactory mechanism through which to foster green investment.
Voser advocated the use of a CO2 tax for Europe such as that in Australia, or a CO2 emission price floor. As it stands, the low price of CO2 emissions deters industry from moving away from dirty coal-fired plants to greener energy initiatives.
Voser said that if the present situation continues, the UK and the rest of Europe may no longer hold the leading position in terms of developing CCS technology.
“A common EU carbon tax is a taboo for many (EU) Member States. But an emission performance standard – setting a limit to the amount of CO2 emitted per kilowatt-hour – to complement the EU emissions-trading scheme would be a politically more feasible way to provide industry with the necessary regulatory certainty to invest in CCS,” says Eivind Hoff, director of Bellona Europa.
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our main focus lies in identifying the factors that contribute to pollution risks and climate change.