NEWS – NEWS – NEWS – NEWS
- World Bank: Addressing Global Warming Aggressively
- Romania will have to carry over its surplus of assigned amount units
- Has Global Warming Stopped?
- Romania to resume trading carbon emission rights
- Norwegian-Swedish Green Certificate Prices Surge Ahead of Cancellation
- Understanding the Romanian Promotion System for Renewable Energy (Law 220)
- Solar Energy Investment
- Romania To Be Suspended From Trading Green Certificates
- NER300 funding
- New law cuts incentives for solar and wind power in Bulgaria
Work Book For Professionals Renewable Energy Romania
Ask a Question
Do you have a question about Carbon Credits in Romania or about Renewables? Use the link below to send us your question and we will come back to you soon with our answer.
Wind Power Romania 2011
Advertisment: Develop Wind Farms In Moldova, Ukraine
The European Emissions Trading Scheme (EU ETS) is a mandatory compliance programme for large emitters in the 25 European Union Member States, making it the largest corporate emissions trading scheme in the world.
The Clean Development Mechanism (CDM) creates credits Certified Emission Reductions (CERs) from emission abatement projects in developing countries. CERs can be used for compliance in the EU ETS and other national schemes, such as Canada and Japan.
Joint Implementation. (JI) creates credits - Emission Reduction Units (ERUs) - from projects in developed countries that are signatories to the Kyoto Protocol. In practise most JI activity happens in the former CIS (USSR).
There are local domestic schemes for trading carbon in many countries, including the European Union, USA, UK, Canada, New Zealand and Japan.
The earth’s temperature rises by 4 degrees Celsius this century, as the world community fails adequately to combat climate change. That is the conclusion of a by scientists at the German Potsdam Institute for Climate conducted study, commissioned by the World Bank.
The consequences of such warming are disastrous and threaten the entire world. But especially poor countries will severely suffer the extreme heat waves, rising sea levels and other disasters that are predicted.
President Jim Yong Kim of the World Bank said in a response to the report that the world community climate change through greenhouse gas emissions must aggressively tackle. The global warming below 2 degrees Celsius must be held, the objective previously been accepted by the international community.
Kim warned that a lack of ambitious measures to achieve this objective threatens.
Romania’s Minister of the Environment and Forestry Rovana Plumb asked a meeting in Brussels of the European Union’s Environmental Council to allow Romania to carry over its surplus of assigned amount units.
‘ Romania’s national reserve of assigned amount units as well as the substantial cut in the greenhouse gas emissions are the result of a difficult transition that had painful economic and social effects,’ said Plumb.
Romania’s Ministry of the Environment and Forestry (MMP) reports that Plumb also addressed the proposal for a regulation of the European Parliament and the Council on ship recycling, mentioning that Romania is in favour of a quick implementation of the Hong Kong Convention and, implicitly, the approval of the regulation on ship recycling.
Romania currently has 300 million green certificates for trading.
This July, Romania received an approval from the European Commission for the assignment of 71.4 million greenhouse gas emissions certificates for free to electricity producers in 2013-2020.
The European Commission gave a favourable reply to Romania’s application of September 30, 2011 submitted by the Romanian Ministry of Economy, Trade and Business Milieu for Romania to continue to receive free assigned units for its electricity producers in 2013-2019.
Read the entire article: HERE
To support their claim that ‘global warming has stopped’ climate skeptics cherry-pick a small sample of years from a single dataset. This approach has been labelled ‘particularly suspect’ by independent statistical experts, and rejected by the scientific bodies which produce the temperature data sets.
Finally, it’s worth pointing a wider point: arguing ‘global warming has stopped’ based on only the temperature record would be ignoring all of the other indicators of warming:
Record and near-record dryness across the Northern Plains and Northwest created ideal wildfire conditions during September.
U.S. climate highlights: year-to-date (January-September)
- The January-September period was the warmest first nine months of any year on record for the contiguous United States. The national temperature of 59.8°F was 3.8°F above the 20th century average, and 1.2°F above the previous record warm January-September of 2006. During the nine-month period, 46 states had temperatures among their ten warmest, with 25 states being record warm. Only Washington had statewide temperatures near average for the period.
- January-September 2012 was the 11th driest such period on record for the contiguous U.S. with a precipitation total 1.98 inches below the average of 22.67 inches. The central portion of the country, from the Ohio Valley to the Rocky Mountains, was drier than average. Wetter-than-average conditions were observed along the Gulf Coast and in the Pacific Northwest.
- The USCEI was more than twice the average value during the January-September period, and marked the highest USCEI value for the period. Extremes in warm daytime temperatures and warm nighttime temperatures contributed to the record high USCEI value.
Romania has won the right to resume trading its surplus carbon emission rights, almost a year being suspended from doing so under the Kyoto Protocol, Romanian Environment Minister Rovana Plumb has said. “Right now, Romania has undertaken all the necessary measures to resume trading… immediately,” she told reporters late Friday. Bucharest would continue its efforts to ensure that its system for estimating CO2 emissions met the criteria set down in the protocol given that the “next progress report would be requested in 2013”, a ministry statement added.
The landmark Kyoto Protocol was the first global accord to feature legally-binding curbs on greenhouse-gas emissions. Under the protocol, countries are set a target for reducing their emissions of greenhouse gases — usually carbon dioxide, CO2 — and are penalised if they breach this ceiling. Those within their target can sell so-called “carbon credits” to countries or companies above their target. Romania was suspended from trading in August 2011 by the Kyoto Protocol Committee that monitors compliance due to irregularities in the assessment of its greenhouse gas emissions.
(Montel) Prices in the Swedish-Norwegian green certificate market have risen sharply ahead of the annual cancellation of certificates on 1 April.
The spot contract was last seen at SEK 152/MWh (EUR 17.06/MWh), up SEK 6 week on week, while the March 13 contract was up SEK 7 at SEK 160/MWh and March 14 up SEK 9 at SEK 165/MWh.
“The market was moving slowly upwards, but in a very hesitant manner until Tuesday when both volumes and prices rose sharply”, said Michael Bergh of brokers SKM, adding the increased activity was not triggered by any specific news, but was most likely due to buyers having an accumulated need for certificates.
The trade has been mainly focused on March 13 and March 14 with less activity further out on the curve.
“Not all players have been completely in balance ahead of the cancellation and they have had to buy more certificates. We’ve certainly noticed more activity among some of our clients for this reason,” said Robin Sköld, trader at Swedish utlity Bixia.
The annual cancellation of certificates will take place on 1 April. Every year, certificates representing the sale or use of electricity during the previous year are cancelled and can no longer be sold or used for the fulfillment of a company’s quota obligation.
In addition, there had been a “chain reaction” when players realised that prices were rising and the bottom might have been reached, Sköld said.
However, activity is likely to drop again soon, both players said.
(SEK 1 = EUR 8.91)
[originally published by: RESbroker)
After the new law 220 came into force in November 2011, a lot of investors have been looking at the the Romanian market, especially for wind and solar power (Photovoltaic) plants. The promotion scheme as adopted by the government by law is indeed very generous but looks somewhat complicated to many as it is not a straight forward FIT (feed-in tariff) but a combination of feed-in and green certificates.
Many investors are asking us about a PPA and when we tell them that there is no PPA available for let’s say 20 years, they get confused and uncertain about the possible investment opportunity. That is logic if you do not know how the system works.
First of all, a producer of green energy becomes a priority producer when he applies for it at the ANRE, the national energy authority. This certificate can be obtained only after the plant has been constructed. Once the producer received this qualification, then the distributor has to take the energy from the producer by law. This means that every producing plant with this certificate is sure that the distributor will take his energy with only one exception: when for technical reason the operations of the RPS (Romanian Power System) are in danger. Only then the plant can be shut down, temporarily of course. Usually the grid operator will balance the system and see that these situations do not occur.
So while there is no PPA, the plant does have a contact with with the distributor or TSO for plant above 50 MWe, that allows him to deliver the energy. In that contract the conditions are specified.
For each MWh produced and delivered to the GRID, the producer of electriccity thorugh wind energy receives 2 green certificates (and 1 after 2018). Also these certificates are sold on the market. The OPCOM operates this market and at this moment certificates are sold at 56.15 EURO each. It is also possible to sell them with a long term contract to a large consumer. This can be the distributor or an industrial company that is marked as large consumer. To the latter category belong cement industry, steel, fertilizer and other industries. The price then is an agreement between two parties: the producer and the large consumer and is not disclosed (not public). It is believed that prices range between 35-45 EURO for a long term contract. These contracts however are rare and not easy to be obtained by a single producer. The best way is to sell them on the OPCOM market.
How the price will develop, no-one knows. What we do know is that the electricity prices in general will increase over the next few years while the price of green certificates is likely to come down to 27 EURO in a couple of years.
While a MWh (Megawatt Hour or 1000 Kilowatt hour) of electricity now sells between 35 and 60 euro, such depending on the time related to the market demand, experts believe that it could go up to 70 EURO average in a couple of years time bringing the prices into a 60-100 EURO range.
In Romania the price of the Green Certificate is guaranteed by law and therefore the GC’s cannot be sold under 27 EURO each while the maximum is set to 55 EURO. Because this price in indexed – Romania has its own currency- they currently sell at 56.15 EURO.
The green certificates, as said before, are currently sold at 56.15 EURO each. This is on the OPCOM, a market where sellers (producers of green energy) and buyers (large consumers) meet each other. For each MWh cunsumed, the law obliges the consumer to purchase green certificates at a rate calculated each year until 2020, when 20% of the electricity needs to come from green sources (Large Hydro Power not included) If a consumer did not buy the number of green certificates that he has to according to the quota, then he pays a penalty of 100%. This assures that the green certificates are actually sold as no-one wants to pay double when he can buy at the normal market price.
The problem arises when there are more green certificates than needed to cover the quota. This will happen when there is more green energy produced than needed. When that point has been reached then the surplus of green certificates will basically not be sold on the domestic market. But the law 220 foresees in a possibility to sell the green certificates abroad as it in fact is a certificate of origin and therefore represents one Megawatt of clean produced electricity. Experts believe that the domestic market will be saturated around 2017-2018 while the price will slightly go up again in 2018 when the 2 GC’s for wind energy will be limited to only 1 per MWh.
In the end we believe that green energy should pay itself by the sales of energy and not by temporary local measures. Moreover we think that Europe should decided on a European system rather than leaving it to each member State how to promote RES in order to reach the European target of 20% by 2020. This leads only to a patchwork of tariffs and laws and does not provide investors a transparent system. What Europe did with the ETS (carbon credits) they also should do with the green energy promotion schemes.
(Tariffs in Europe)
In a couple of years the European Grid will have connected West to East and North to South meaning that I can sell (green) electricity that is produced in the Black Sea area through a company in Spain on the Dutch Market. This implies the need for a European tariff system rather than local governments deciding on promotion schemes which then are changed time after time when the economic situation or local interests tells them to do so.
Markus Vrieling is Portfolio manager at RESbroker and panel member at Green Power Conference 2012 in Bucharest.
Investors who are looking to invest in Solar Energy in Europe often find themselves in a situation that they cannot find the sources that provide an good overview of solar energy projects that are available for sale throughout Europe.
RESbroker is the de facto standard listing for renewable energy projects with more than 3000 MW of projects in the 6 clean energy categories:
WIND – SOLAR – GEOTHERMAL – HYDRO – WTE -BIOMASS
The RESbroker online listing enjoys a great number of daily visitors because of the high rating the site has in the major search engines.
Pages are updated on an almost daily basis and the RESbroker sites provide a lot of valuable information to investors in clean energy.
Not only investors benefit from the rich source of information provided by RESbroker, also project developers find in RESbroker the primary platform to promote their projects. Being listed at RESBroker means that the project has been selected by the RESBroker survey team and that is complies with the standard that RESbroker has set for clean energy projects.
Are you an investor? Then ask RESbroker Europe to assist you with the selection of the best projects in Europe
Are you a project developer:? Then get your project listed at RESBroker
Take a look and convince yourself: http://resbroker.wordpress.com