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Businesses Call for Bold Reform of Emissions Trading System to Raise Carbon Price



Today, heads of some of Europe’s largest businesses called for decisive reform to the EU Emissions Trading System (EU ETS), as a vital first step to demonstrate commitment to delivering the ambition enshrined in the Paris Agreement. The European Parliament’s Environment Committee holds a public hearing on 18th February to analyse the proposed reforms to the EU ETS. Today’s event marks the start of the European Parliament’s public discussions on the dossier.

The EU ETS is envisaged as the cornerstone of EU policy on climate change.  It covers 45% of EU CO2 emissions, including power and heavy industry.  However, the scheme has faced criticism including serious concerns regarding the oversupply of allowances, leading to a low carbon price and whether it is consequently proving to be effective.  This year the EU ETS is being reviewed with a view to setting clear arrangements for the next phase (Phase IV).

Business leaders from the Prince of Wales’s Corporate Leaders Group (CLG) have consistently called on the European institutions to reform the EU ETS so that the system delivers a stronger signal that can effectively underpin their decarbonisation efforts and provide finance to support the development of new technologies.  They believe that the Commission’s reform proposal will not adequately strengthen the EU ETS to serve as the key tool to deliver Europe’sexisting and future GHG emissions targets or the low carbon economy needed.

Jill Duggan, Senior Associate at Cambridge Institute for Sustainability Leadership, who was one of the key officials who worked on the design of the ETS at its original inception, said, ‘’A recent study of ten years of the European Emissions Trading System has shown it can and does work to help businesses become more efficient and more competitive.  It’s not perfect, but now is the time to strengthen the system and make it truly world-leading, not weaken it with exceptions and low expectations.’’

The Parliament’s response to the Commission’s EU ETS proposal will give MEPs an opportunity to help deliver on the promise of the historic COP 21 Paris Agreement by aligning the Emissions Trading System with the level of ambition agreed in Paris.

Philippe Joubert, Chair of the Prince of Wales’s Corporate Leaders Group said: “The Paris Agreement was finalised by all nations right here in Europe. Now Europe’s policy makers have the chance to follow through on their commitments by decisively reforming the EU ETS so that it truly plays its role in driving behaviour change, cutting carbon and transforming the EU economy for the future.’’

The purpose of reform should be to learn lessons from the last ten years and ensure that the cap on Europe’s emissions is consistent with the science and with Europe’s own Nationally Determined Contribution (NDC). The CLG business leaders are not convinced the reform proposal coming before the European Parliament goes far enough to deliver an effective ETS, and call for the following immediate key changes:

  1. Reduce the carbon cap faster.  The European Commission’s proposed 2.2% annual reduction is too slow for Europe’s existing climate commitments – and even further behind the Paris Agreement’s goal of a temperature rise well below 2℃.
  2. All allowances auctioned or allocated during Phase IV should come from within the Phase IV cap.
  3. Base allocations for carbon leakage on real world circumstances.  More countries and regions have taken on a carbon price in the last few years, and after the Paris Agreement it is likely more will follow. Allocations for carbon leakage sectors should take into account increasing carbon policies faced by major competitors internationally.
  4. Adopt a 5 year phase length in line with the review periods of the Paris Agreement, and reflecting the experience of EU ETS to date which has shown that improvements to the workings of the ETS may be needed over time.

The Prince of Wales’s Corporate Leaders Group and its business leaders are already investing in a low carbon economy but now they expect Europe’s policy makers to deliver a robust carbon price so as to underpin their current and future investments and truly create a competitive European market for clean energy. A more ambitious, transparent and robust EU ETS will give business the certainty it needs to invest in decarbonisation and prevent European businesses from becoming uncompetitive due to the increasing number of country and regional markets that are putting an accurate price on carbon and have far more efficient emissions trading schemes in place.


Is Wood Burning Sustainable For Your Home?



sustainable wood burning ideas

Wood is a classic heat source, whether we think about people gathered around a campfire or wood stoves in old cabins, but is it a sustainable source of heat in modern society? The answer is an ambivalent one. In certain settings, wood heat is an ideal solution, but for the majority of homes, it isn’t especially suitable. So what’s the tipping point?

Wood heat is ideal for small homes on large properties, for individuals who can gather their own wood, and who have modern wood burning ovens. A green approach to wood heat is one of biofuel on the smallest of scales.

Is Biofuel Green?

One of the reasons that wood heat is a source of so much divide in the eco-friendly community is that it’s a renewable resource and renewable has become synonymous with green. What wood heat isn’t, though, is clean or healthy. It lets off a significant amount of carbon and particulates, and trees certainly don’t grow as quickly as it’s consumed for heat.

Of course, wood is a much less harmful source of heat than coal, but for scientists interested in developing green energy sources, it makes more sense to focus on solar and wind power. Why, then, would they invest in improved wood burning technology?

Homegrown Technology

Solar and wind technology are good large-scale energy solutions, but when it comes to small-space heating, wood has its own advantages. First, wood heat is in keeping with the DIY spirit of homesteaders and tiny house enthusiasts. These individuals are more likely to be driven to gather their own wood and live in small spaces that can be effectively heated as such.

Wood heat is also very effective on an individual scale because it requires very little infrastructure. Modern wood stoves made of steel rather than cast iron are built to EPA specifications, and the only additional necessary tools include a quality axe, somewhere to store the wood, and an appropriate covering to keep it dry. And all the wood can come from your own land.

Wood heat is also ideal for people living off the grid or in cold areas prone to frequent power outages, as it’s constantly reliable. Even if the power goes out, you know that you’ll be able to turn up the heat. That’s important if you live somewhere like Maine where the winters can get exceedingly cold. People have even successfully heated a 40’x34’ home with a single stove.

Benefits Of Biomass

The ultimate question regarding wood heat is whether any energy source that’s dangerous on the large scale is acceptable on a smaller one. For now, the best answer is that with a growing population and limited progress towards “pure” green energy, wood should remain a viable option, specifically because it’s used on a limited scale. Biomass heat is even included in the UK’s Renewable Heat Initiative and minor modifications can make it even more sustainable.

Wood stoves, when embraced in conjunction with pellet stoves, geothermal heating, and masonry heaters, all more efficient forms of sustainable heat, should be part of a modern energy strategy. Ultimately, we’re headed in the direction of diversified energy – all of it cleaner – and wood has a place in the big picture, serving small homes and off-the-grid structures, while solar, wind, and other large-scale initiatives fuel our cities.

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7 Benefits You Should Consider Giving Your Energy Employees



As an energy startup, you’re always looking to offer the most competitive packages to entice top-tier talent. This can be tough, especially when trying to put something together that’s both affordable but also has perks that employees are after.

After all, this is an incredibly competitive field and one that’s constantly doing what it can to stay ahead. However, that’s why I’m bringing you a few helpful benefits that could be what bolsters you ahead of your competition. Check them out below:

Financial Advising

One benefit commonly overlooked by companies is offering your employees financial advising services, which could help them tremendously in planning for their long-term goals with your firm. This includes anything from budgeting and savings plans to recommendations for credit repair services and investments. Try to take a look at if your energy company could bring on an extra person or two specifically for this role, as it will pay off tremendously regarding retention and employee happiness.

Life Insurance

While often included in a lot of health benefits packages, offering your employees life insurance could be an excellent addition to your current perks. Although seldom used, life insurance is a small sign that shows you care about the life of their family beyond just office hours. Additionally, at such a low cost, this is a pretty simple aspect to add to your packages. Try contacting some brokers or insurance agents to see if you can find a policy that’s right for your firm.

Dedicated Time To Enjoy Their Hobbies

Although something seen more often in startups in Silicon Valley, having dedicated office time for employees to enjoy their passions is something that has shown great results. Whether it be learning the piano or taking on building a video game, having your team spend some time on the things they truly enjoy can translate to increased productivity. Why? Because giving them the ability to better themselves, they’ll in turn bring that to their work as well.

The Ability To Work Remotely

It’s no secret that a lot of employers despise the idea of letting their employees work remotely. However, it’s actually proven to hold some amazing benefits. According to Global Workplace Analytics, 95% of employers that allow their employees to telework reported an increased rate of retention, saving on both turnover and sick days. Depending on the needs of each individual role, this can be a strategy to implement either whenever your team wants or on assigned days. Either way, this is one perk almost everyone will love.

Health Insurance

Even though it’s mandated for companies with over 50 employees, offering health insurance regardless is arguably a benefit well received across the board. In fact, as noted in research compiled by KFF, 28.6% of employers with less than 50 people still offered health care. Why is that the case? Because it shows you care about their well-being, and know that a healthy employee is one that doesn’t have to worry about astronomical medical bills.

Unlimited Time Off

This is a perk that almost no employer offers but should be regarded as something to consider. According to The Washington Post, only 1-2% of companies offer unlimited vacation, which it’s easy to see why. A true “unlimited vacation” program could be a firm’s worse nightmare, with employees skipping out every other week to enjoy themselves. However, with the right model in place that rewards hard work with days off, your employees will absolutely adore this policy.

A Full Pantry

Finally, having a pantry full of food can be one perk that’s not only relatively inexpensive but also adds to the value of the workplace. As noted by USA Today, when surveying employees who had snacks versus those who didn’t, 67% of those who did reported they were “very happy” with their work life. You’d be surprised at how much of a difference this could make, especially when considering the price point. Consider adding a kitchen to your office if you haven’t already, and always keep the snacks and drinks everyone wants fully stocked. Doing so will increase morale tremendously.

Final Thoughts

Compiling a great package for your energy company is going to take some time in looking at what you can afford versus what’s the most you can offer. While it might mean cutting back in other areas, having a workforce that feels like you genuinely want to take care of them can take you far. And with so many different benefits to include in your energy company’s package, which one is your favorite? Comment with your answers below!

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