lecture 6 Flashcards
carbon price
Carbon price: cost that has to be paid for the emission of 1 ton of CO2 into the atmosphere (IPCC 2007)
successful models
brazil- bioethanol
Denmark - windpower
Austria - gussing intergrated renewable energy
oprions for overcoming challenges
- targets
- legislations
- obligations
- caps
- restrictions - SUBSIDIES
- co-benefits
loans and guarantees
examples of subsidies
\and one example of target
UK 1990 Non-Fossil Fuel Obligation – energy contracts: limited succsess and small volume sof electricity
sweeden 1970’s/80’s resewaarch and demonstration; 1990’s tax and subsidy increased biomass district heating from 13PJ 1990 to 65 pj in 2001
UK 2003 London Congestion Charge – public transport investment, lower congestion (30%), GHG down (20%), fewer accidents
2002 obligation on electrical suppliers to sell a minimum percentage from renewable energy
Key Legislation in UK and EU
EU Landfill Directive 1999
- reduce waste to landfill & increase recycling, 75%
reduction in biodegradables by 2010
EU Emissions Trading Scheme 2005
– Monitoring and capping emissions, 2007 EU: 2x10-9 t
CO2; UK: 2.5x10-8 t CO2, 2008-2012 cap: 2.4x10-8 t CO2
Renewable Transport Fuels Obligation 2008
- 10% biofuels by 2020
UK Climate change act 2008
– GHG emission reductions, 60% by 2050
October 2012 Limits on the amount of food crop-based biofuels and bioliquids that can be counted towards the EU’s 10% target for renewable energy in the transport sector by 2020, to the current consumption level, 5% up to 2020,
UK RTFO Scheme 2008
To support and promote the use of renewable transport fuels in the UK, the UK Government introduced the Renewable Transport Fuel Obligation (RFTO) in April 2008. The RTFO is a scheme under which all fossil fuel suppliers who supply in excess of 450,000 litres of fossil fuel per year must provide evidence that a certain percentage of their fuels for road transport in the UK comes from renewable resources. Under the scheme fossil fuel suppliers can meet their obligation in a number of ways, either:-
By supplying biofuels and claiming and redeeming certificates, o
By redeeming certificates obtained from other biofuel suppliers,
By paying a buyout price.