In order to improve and expand our activities in the European Energy Market we are looking for a Senior Originator with energy trading expertise, sales expertise, a proven financial track record and an important business network within industrial and municipality’s clients in the power market in Germany and Europe.
14 June 2011 - Italy Says No to Nuclear Power
08 June 2011 - Commission adopts ban on the use of industrial gas credits 9 May 2011 - The Special Report on Renewable Energy Sources and Climate Change Mitigation (SRREN) Close to 80 % of the world‘s energy supply could be met by renewables by 2050 if backed by the right enabling public policies a new report shows. The findings, from over 120 leading experts from all over the world working with the Intergovernmental Panel on Climate Change (IPCC), also indicate that the rising penetration of renewable energies could lead to cumulative greenhouse gas savings equivalent to 220 to 560 GtC02eq between 2010 and 2050. Over 160 scientific scenarios on the possible penetration of renewables by 2050, alongside environmental and social implications, have been reviewed with four analyzed in-depth. The overall conclusions are that renewables will take an increasing slice of the energy market. The most optimistic of the four, in-depth scenarios projects renewable energy accounting for as much as 77 % of the world‘s energy demand by 2050. 20 April 2011 - Italy extends nuclear moratorium and will focus on fossils and RES 15 April 2011 - German government: 6-point plan for energy revolution In reply to the Fukushima disaster, the Chancellor Angela Merkel has coordinated with her environment and economy minsters a six-point-plan to serve as a basis for a new energy strategy that takes into account the change in sentiment:
15 March 2011 - EU ETS phase 3 allowance auctions: "Today the European Commission proposed that 120 million allowances should be auctioned in 2012, ahead of the start of the 2013-2020 trading period in the EU Emissions Trading System. The Commission's proposal takes the form of a draft amendment to the EU ETS Auctioning Regulation which has been submitted to the Climate Change Committee. In addition to the 300 million allowances from the NER300 demonstration programme, which the European Investment Bank intends to monetise by the end of 2012, the proposed amount is considered appropriate to ensure a smooth transition to the third trading period starting in 2013. Together with stakeholders we have identified the relevant demand and supply factors to be considered. There is broad consensus on these factors, but also wide recognition that significant uncertainties exist with regard to most of these factors which will only be narrowed down over time. Stakeholders have expressed a strong preference to have the early auction volume fixed now as this gives market actors time to adapt to the chosen level. A timely decision on early auction volumes is also important for the further preparation of the procurement of auction platforms. We will therefore take the discussions with Member States forward swiftly and aim at an agreement in the Climate Change Committee before the summer." Jos Delbeke, 16 February 2011 - Germany's government presented a draft bill on GHG emissions trading law The law will form the legal basis for next year and phase 3 of the EU emissions trading scheme (ETS) in 2013-2020. It incorporates sectors previously excluded from the EU ETS, such as the aviation sector from 2012 and certain industries from 2013. The new law will allow smaller companies to apply to be excluded from the EU ETS, if they emit fewer than 25,000 t/yr CO2 and pledge to introduce equivalent measures to reduce their emissions. The draft bill proposes that the environment ministry, in agreement with the finance ministry, decide on a “suitable” department for implementing the auction. The proceeds will go to the state, with more than 90pc invested in fighting climate change and helping Germany reach its ambitious renewables and energy efficiency goals laid out in the national energy concept. The new law will transpose new EU guidelines into the German law. Senator Hillary Clinton said Tuesday the US eill pursure international climate change agreements. "The world is in need of an urgent, coordinated resopnse to climate change and, as President - elect Obama has said, America must be a leader in developing and implementing it, " she said. Obama has pledged to create an economy-wide cap and trade programme that would help reduce the US's greenhouse gas emissions to 1990 levels by 2020, and Congress is expected to introduce legislation to meet that goal early this year. The Asian Development Bank (ADB) on Monday announced it is investing $40 million in a new climate change fund that will invest in climate change mitigation and adaptation projects
The European Commission has formally adopted a ban on the use of industrial gas credits in the EU Emissions Trading System (EU ETS) as of May 2013.
The ban will apply to credits from projects which destroy two industrial gases: trifluoromethane (HFC-23), produced as a by-product of chlorodifluoromethane (HCFC-22) principally in air conditioners and refrigerators, and nitrous oxide (N2O) from adipic acid used in the manufacture of nylon. HFC-23 and N2O are both powerful greenhouse gases which contribute to climate change.
The recognition of credits from industrial gas projects has been controversial for some time. EU Member States approved the ban on 21 Jan 2011 and the European Parliament then had 3 months to accept the measure.
The ban will begin on 1 Jan 2013 with a phase-out period of 4 months until 30 Apr for credits from existing projects.
The EC is currently not considering any other specific use restrictions beyond industrial gases.
Italy’s planned nuclear program was “coherent with a situation that has changed dramatically” after the accident at the Fukushima plant, Industry Minister Paolo Romani told Parliament today. The country will put off any further decisions on atomic energy until an overall European Union strategy is outlined, he said.
The minister said Italy will reflect on nuclear safety and fully participate in European efforts to come up with new standards. In the meantime the country will concentrate on diversifying its sources of fossil fuels, on improving infrastructure, and supporting research and development of renewable energy, he said.
Italy currently gets 80% of its energy from fossil fuels and the remaining 20% from hydroelectric and renewable energy, according to data from power grid operator Terna SpA.
Now the country with Europe’s highest energy prices will have to find new ways to cut costs. Italian companies paid twice as much for power in 2010 as their French counterparts, 40 % more than the U.K. and 27 % more than Germans, according to Eurostat.
1. Renewable expansion - In future, green energy is meant to play a bigger role, especially wind.
2. Grids and storage expansion - applications for power grids will be given better legal backing, and funds will be set aside to compensate municipalities affected by huge building programmes.
3. Efficiency – energy efficiency measures sponsored via KfW, and by giving tax incentives.
4. Flexible power plants - a quick expansion of flexible power generation capacity, namely gas, to backstop renewables when weather conditions that do not favour renewables.
5. R&D refocus - increased funds for the study of networks and power storage.
6. Citizen involvement - citizens must be invited to participate in a dialogue about the transformation of energy supply.
Statement by Jos Delbeke, Director-General for Climate Action
Director-General for Climate Action
14 January 2009 - US will lead on climate change
06.05.2008 Asian Development Bank Launches climate change fund
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