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    Mongabay, a leading resource for news and perspectives on environmental and conservation issues related to the tropics, has launched Tropical Conservation Science - a new, open access academic e-journal. It will cover a wide variety of scientific and social studies on tropical ecosystems, their biodiversity and the threats posed to them. Tropical Conservation Science - March 8, 2008.

    At the 148th Meeting of the OPEC Conference, the oil exporting cartel decided to leave its production level unchanged, sending crude prices spiralling to new records (above $104). OPEC "observed that the market is well-supplied, with current commercial oil stocks standing above their five-year average. The Conference further noted, with concern, that the current price environment does not reflect market fundamentals, as crude oil prices are being strongly influenced by the weakness in the US dollar, rising inflation and significant flow of funds into the commodities market." OPEC - March 5, 2008.

    Kyushu University (Japan) is establishing what it says will be the world’s first graduate program in hydrogen energy technologies. The new master’s program for hydrogen engineering is to be offered at the university’s new Ito campus in Fukuoka Prefecture. Lectures will cover such topics as hydrogen energy and developing the fuel cells needed to convert hydrogen into heat or electricity. Of all the renewable pathways to produce hydrogen, bio-hydrogen based on the gasification of biomass is by far both the most efficient, cost-effective and cleanest. Fuel Cell Works - March 3, 2008.

    An entrepreneur in Ivory Coast has developed a project to establish a network of Miscanthus giganteus farms aimed at producing biomass for use in power generation. In a first phase, the goal is to grow the crop on 200 hectares, after which expansion will start. The project is in an advanced stage, but the entrepreneur still seeks partners and investors. The plantation is to be located in an agro-ecological zone qualified as highly suitable for the grass species. Contact us - March 3, 2008.

    A 7.1MW biomass power plant to be built on the Haiwaiian island of Kaua‘i has received approval from the local Planning Commission. The plant, owned and operated by Green Energy Hawaii, will use albizia trees, a hardy species that grows in poor soil on rainfall alone. The renewable power plant will meet 10 percent of the island's energy needs. Kauai World - February 27, 2008.

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Monday, August 18, 2008

CEZ buys carbon credits from Chinese biomass power project

One of Central Europe's largest integrated energy companies, the CEZ Power Company, has signed an agreement to purchase emission reductions from a Chinese biomass power plant. CEZ CEO Martin Roman and Guo Zhenjun, General Manager of Hunan Liang Renewable Energy Power Co agreed to the deal under the rules of the Kyoto Protocol's Clean Development Mechanism (CDM).

The planned 15 MW biomass power plant project in the central Chinese province of Hunan will save at least 300,000 tons of CO2 by 2012. Emission reductions are sold under the CDM, which approved the project. China is betting heavily on biomass and wants a total capacity of 30 GW by 2020 (previous post). Much of this capacity will be commercially viable because of the sales of emission reductions to utilities in industrial countries.

CEZ itself also boosted its electricity output from biomass, by 52 percent in 2007, making biomass the second fastest growing renewable in the company's portfolio, after hydro-power (earlier post). The company is further involved in nuclear power and renewables like wind and solar.
Creating a significant prortfolio of emission certificates from CO2 emission certificates abroad is one of our strategic measures responding to the adopted energy-climatic package of the EU. In this respect, China offers a lot of prospective opportunities. In addition to that, we are also concentrating on developing renewable resources and extending our production portfolio by gas power plants and further nuclear power plant using within the context of CO2 emission reducing. - Martin Roman, Chairman of the Board of Directors and CEO of CEZ.
CEZ Power Company has already concluded five contracts and is preparing some others in China. One of them is, for instance, about purchasing emission credits, as a future product, from two 2 x 15 MW biomass power plants. In the future, emission credits from the operation of two wind power stations 2 x 50 MW, which are owned by Hecic, one of the largest Chinese energy firms, will be utilized half-and-half by Shell and CEZ.

So far, CEZ Group has entered into contracts to buy nearly 13 million emission credits to be delivered between 2008-2012. About 21 million pieces, which is roughly 10 % of the total amount of its emissions, can be imported by 2012. Between 60 and 70 % of emission credits will come from projects in China, the rest from other Asian countries, South America and Central and Eastern European countries:
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JI (Joint Implementation) and CDM (Clean Development Mechanism) are Kyoto Protocol´s mechanisms enabling investments into projects that will save greenhouse gas emissions and import them to the European system to be used instead of emission allowances. Like other European energy companies, CEZ Group can cover emissions it produces by emission allowances and a ten-percent share of emission credits it gains from investments into ecological energy projects in the whole world in the current, second, trading period until 2012.

In accordance with the European Commission rules, if CEZ saves emission allowances, exchanged for emission credits, it can transfer them to the third trading period after 2013, when the price of CO2 allowances is expected to grow significantly due to new regulations by the EU (including planned auctions).


CEZ: Chinese success- CEZ has another emission credit project from Chinese biomass power plant - August 17, 2008.

Biopact: CEZ boosts electricity production from biomass, up 52 percent in 2007 - February 04, 2008

Biopact: China unveils $265 billion renewable energy plan, aims for 15% renewables by 2020 - September 06, 2007


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