The Road To Unfccc Cop 18 And Beyond
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The road to UNFCCC COP 18 and beyond
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
language: en
Publisher: The Stationery Office
Release Date: 2012-07-25
Europe should set a target to reduce CO2 emissions by 30% on 1990 levels by 2020 in order to demonstrate political leadership in the run up to UN climate talks in 2015, when political consensus could be reached on a new international agreement to replace the Kyoto protocol. The Kyoto Protocol created an invaluable architecture for future agreements - including common emissions reporting, accounting standards and a compliance system - but it should not be renewed after 2020. Instead, diplomatic efforts should now be focused on reaching a new, and genuinely international, agreement via the promising Platform negotiated last year in Doha. Europe's influence over future international negotiations would be greatly increased if its own economy was decarbonised more. The Human Development Index should be used in future to determine equitably which countries are treated as 'developed' - and required to decrease their emissions immediately. Given the severe fiscal constraints in most developed countries, it is unlikely that the US $100 billion Green Climate Fund target will be reached by 2020 unless an innovative mechanism is developed to budgetary contributions. The UK should exploit its expertise in financial services to develop innovative mechanisms for levering in more private investment. The Government should support moves to eliminate the $400 billion of fossil fuel subsidies across the world, while ensuring that this is done in a way that does not worsen fuel poverty. The Government should also show leadership by acknowledging that consumption in the UK and some other developed countries is driving up territorial emissions elsewhere
HC 742 - Carbon Capture and Storage
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
language: en
Publisher: The Stationery Office
Release Date: 2014-05-21
The Energy and Climate Change Committee urge the Government to fast-track final funding decisions on two pilot Carbon capture and storage (CCS) projects at Peterhead and Drax by early 2015, after years of delay in the 'competition' launched to provide capital support for the industry. This delay has called into question the credibility of Government policy designed to support CCS deployment in the UK. The technology - which can be fitted to coal and gas power stations - is vital to limit climate change because there is more CO2 locked up in fossil fuel reserves than can be safely burnt without pushing global temperatures beyond 2 degrees Celsius - a dangerous threshold according to scientists. The higher costs associated with fitting and running CCS means that it is likely to develop only in response to specific policy intervention and will need subsidy. The Government should be transparent about the costs of CCS and how they will be met. Guaranteed price tariffs for low carbon energy - called 'Contracts for Difference' (CfD) - will be essential to incentivise CCS projects and provide a route to market for non-competition projects. Deploying CCS in the UK early could also deliver significant economic benefits. It could increase UK plc's future share of the global CCS market and open up a potential 'storage market' using the UK's offshore geological storage capacity - thought to amount to 70 billion tonnes of CO2 or over a century of UK emissions - while protecting jobs associated with the UK's coal and energy intensive industries.
HC 348 - The Green Deal: Watching Brief (Part 2)
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
language: en
Publisher: The Stationery Office
Release Date: 2014-09-15
The Green Deal was launched in January 2013 to help Britain's households and businesses make energy efficiency improvements. The Government has called it "a long-term and progressive programme. In December 2012, the Committee launched Green Deal: watching brief inquiry, to follow the Green Deal from its inception and monitor its debut on the UK market. In May 2013, the Committee published the Green Deal: watching brief report in which were outlined concerns about the lack of clarity regarding the outcomes that Department of Energy and Climate Change (DECC) expected from the Green Deal. Green Deal: watching brief (part 2) reviews the performance of the Green Deal and Energy Company Obligation (ECO) in the seven key areas outlined in the previous report, assess DECC's approach to evaluating and monitoring the performance of the Green Deal and ECO, and considers DECC's recent proposals to improve the Green Deal and reduce the cost of ECO. The report found that the Green Deal, rather than facilitating access to energy efficiency measures and creating momentum in the market, has caused frustration and confusion for both consumers and businesses in the supply chain. Only 4,000 Green Deal plans have so far been initiated. As a result, carbon savings through Green Deal finance have been negligible. Therefore the Government must re-evaluate its approach and set out a clear strategy to revive the failing scheme, as unless the package is made more attractive to a wider group of consumers, Green Deal finance is likely to remain unappealing to many.