Mitsubishi Electric Corp to boost solar pv production

Mitsubishi Electric Corp has announced it will invest ¥7 billion (A$77.5 million) as part of its effort to boost annual production capacity of solar energy to 220 MW from 150 MW in October 2008. The Tokyobased company also aims to establish a photovoltaic cell program that will have an annual capacity of 500 MW by […]

Australian carbon market grows 13% in first 3 months

The first update of the Carbon Offsets Guide shows the market continues to grow, according to Victorian Environment and Climate Change Minister Gavin Jennings. Jennings said the comprehensive online directory showed a 13% growth over its first three months with 36 providers now listed in the directory. “The Guide, developed by Global Sustainability at Royal […]

South Korea to freeze greenhouse gas emissions

South Korea’s Environment Minister has announced a freeze on the country’s greenhouse gas emissions at their 2005 levels over the next five years. Environment Minister Lee Maan-Ee presented a report to President Lee Myung-Bak, recommending the reductions. Under the Kyoto Protocol, South Korea is considered a developing country, and is therefore not subject to mandatory […]

Chinese to increase spending on emission reduction

China will increase spending on energy efficiency and greenhouse gas emissions reduction programs by 78% in 2008, according to Chinese news reports. Chinese news agency Xinhua cited an announcement by the Finance Ministry that it would spend 元41.8 billion (A$6.5 billion) on efforts to promote greenhouse gas emissions-reduction schemes and energy efficiency programs, up from […]

Kyoto benchmark unfair?

Nations working out a new global climate treaty should use 2005 as the year from which greenhouse gas emissions cuts are measured, rather than the Kyoto Protocol’s 1990 benchmark, according to a senior Japanese official. “Comparisons with 1990 (emissions) levels are extremely unfair. That is the Japanese Government’s stance,” Japanese Vice Trade Minister Takao Kitabata […]

Energy efficient buildings: cost-effective emission reduction

Making buildings more energy efficient is a cost-effective way to reduce greenhouse gas emissions, particularly since existing buildings account for 24% of world CO2 emissions, according to a new report published by the International Energy Agency. “With surging energy consumption, high energy prices and raising CO2 emissions, the imperative to improve energy efficiency is stronger […]

Discussion paper on an Australian emissions released

Professor Ross Garnaut has released a discussion paper on an Australian emissions trading scheme model, stating that the introduction of an ETS signals the opportunity for profound, long-term structural change for Australia. The paper argues for the need to design the scheme on the basis that it will ultimately be part of a global agreement […]

Key challenges: energy security and climate change

Federal Energy Minister Martin Ferguson says there is no doubt the two major themes of energy policy for the next few years are energy security and climate change. “Responding meaningfully and effectively to climate change while maintaining adequate, reliable and affordable energy remains a key challenge for the Government and the energy sector,” says Ferguson. […]

Wong releases detailed emissions trading timetable

Federal Climate Change Minister Penny Wong has announced the Australian Government’s detailed timetable for introduction of emissions trading. “The introduction of emissions trading will constitute the most significant economic and structural reform undertaken in Australia since the trade liberalisation of the 1980s,” Senator Wong says. “The Rudd Government will take a careful and methodical approach […]

Prof Garnaut proposes emissions trading scheme design

Professor Ross Garnaut has released a discussion paper on an Australian emissions trading scheme, stating that the introduction of an ETS signals the opportunity for profound, long-term structural change for Australia. The paper argues for the need to design the scheme on the basis that it will ultimately be part of a global agreement on […]