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'50% cut will cost US$200 a tonne' warns energy agency, as union chief calls for new climate alliance

The head of the International Energy Agency told last week's major economies meeting in Hawaii a "CO2 incentive" of US$200 a tonne would be needed to deliver a 50% cut in emissions by 2050, the IEA revealed yesterday.



Meanwhile, the head of Australia's mining union, Tony Maher, has canvassed the creation of a new climate change pressure group and has urged resource companies to massively boost their spending on carbon capture and storage.


News in brief, February 1, 2008

Treasury tells Rudd to put Australia 'on a clean energy footing' * Wong says we will set an interim target, as UN climate change chief urges major emitters to deploy climate change 'Marshall plan' * Victoria's Hazelwood power plant a cleaner fossil fuels case study as global energy agency suggests replacing or upgrading more than a third of the world's coal-fired capacity



* NSW environment group weighs in against NSW power industry privatisation * Program offers industry a 'low-risk' chance to test sustainability, Garrett says * 6-star green building flurry continues * Wood waste power plant proposed for WA


EU proposes 'borderless' trading scheme, carbon capture push

The European Commission last night unveiled plans for a sweeping overhaul of the EU's emissions trading scheme. It also proposed new measures to speed up the development of carbon capture and storage and to put Europe on a path to meet its 20% by 2020 renewables target.



And in comments likely to set off alarm bells for Australian exporters to Europe, EC President José Manuel Barroso floated the prospect of protecting the competitiveness of EU industry by requiring importers to obtain emission allowances.



CE Daily reports on the latest initiatives from the region widely seen as the global pacesetter on climate change policy. (with video


News in brief, January 21, 2008

Industry association calls for abolition of national energy efficiency program * Federal government says energy efficiency data not up to scratch * EPA Victoria says environmental offsets can lead to better outcomes * SA to trial kerbside food waste program as NSW issues kerbside guide * Nominations open for Tasmanian awards



* Global fuel, power and transport businesses urge renewable energy milestones and greater government efforts * Carbon Disclosure Project urges business to explore supply chain emissions * UK overhauls legislation on nuclear, renewables and carbon capture and storage


Bali in brief, December 6, 2007

Australia to help guide talks on Bali roadmap * Carbon capture and storage decision some way off * Funds and levies * Not so fast and fairly loose? Pew Centre chief appraises likely Bali outcome * Business group sets out thoughts on building a global carbon market * Environment and religious groups urge better use of levies to fund adaptation


Coal update: Greenpeace arrests; New emissions database; ABARE identifies $7 billion in imminent projects

As CE Daily went to press, police have arrested eight Greenpeace protestors attempting to shut down the 600MW Munmorah power coal-fired power station north-east of Sydney. Meanwhile, a new database ranks the Australian power sector as the world's seventh largest power sector emitter and ABARE identifies $7 billion in imminent coal projects.


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