25 August 2015, BBC, Carbon credits undercut climate change actions says report. The vast majority of carbon credits generated by Russia and Ukraine did not represent cuts in emissions, according to a new study. The authors say that offsets created under a UN scheme “significantly undermined” efforts to tackle climate change. The credits may have increased emissions by 600 million tonnes. In some projects, chemicals known to warm the climate were created and then destroyed to claim cash. As a result of political horse trading at UN negotiations on climate change, countries like Russia and the Ukraine were allowed to create carbon credits from activities like curbing coal waste fires, or restricting gas emissions from petroleum production. Under the UN scheme, called Joint Implementation, they then were able to sell those credits to the European Union’s carbon market. Companies bought the offsets rather than making their own more expensive, emissions cuts. But this study, from the Stockholm Environment Institute, says the vast majority of Russian and Ukrainian credits were in fact, “hot air” – no actual emissions were reduced. Read More here
20 August 2015, The Guardian, BP lobbied against EU support for clean energy to favour gas, documents reveal. BP was part of oil and gas lobby that successfully undermined EU renewable energy targets and subsidies in favour of gas as a climate fix in 2011. The fossil fuel giant BP helped spur a concerted industry push to curb EU policy support for renewable energies such as wind and solar in favour of gas, the Guardian has learned. The European commission last year outlawed most subsidies for clean energy from 2017, and ended nationally-binding renewable targets after 2020, despite opposition from environmentalists and clean energy firms. The policy decisions were however requested by BP, Shell, Statoil and Total, and by trade associations representing a plethora of oil and gas majors. “It is clear that the fossil fuel companies worked strongly together to get rid of the binding renewable targets and ensure there would be no binding efficiency targets either,” Wendel Trio, the director of Climate Action Network Europe told the Guardian. In October 2011, the Dutch oil and gas firm Shell first proposed that a sole greenhouse gas target take the place of policies that also supported renewables. Shell argued this would allow gas to cut coal-fired emissions, using the EU’s Emissions Trading System (ETS) as a policy lever. Papers obtained by the Guardian in an access to documents request show that just four weeks later, BP also asked Barroso to discuss a similar idea with Jean-François Cirelli, the president of its Eurogas trade association. Read more here