US climate policy at a crossroads

Published: 08 Feb 2010 12:54 CET

POINT CARBON ANALYSIS - Uncertainty over the fate and content of a climate bill has reached unprecedented heights, but alternatives to federal legislation are also undefined at this point.

Do you want to read more?

Access to this page requires subscription

You have entered a part of our site that requires a username and password.
If you are already a subscriber please sign in using the log in fields on the left side of this page.

Not a subscriber to Point Carbon’s services?
For a free trial or more information about this product please contact sales@pointcarbon.com or call one of the following numbers to reach our Sales Team:

Point Carbon Head Office (Oslo)
Phone: +47 22 40 53 40

Point Carbon (Washington):
Phone: +1 202 289 3930

Latest analyst updates

25 Feb 10 Canadian climate change policy In this webinar we discuss Canada’s climate change policy, including its international commitments, federal and provincial actions, and the US-Canada relationship. Guest speakers include Frédéric Gagnon-Lebrun and Doug Russell from EcoRessources. Buy/Free trial
22 Feb 10 Preview of Carbon 2010: A quick look into the EU ETS This presentation gives a preview of the key findings in Point Carbon’s fifth annual report on the global carbon market. Buy/Free trial
17 Feb 10 Last EB meeting: Chinese wind and hydro facing challenges POINT CARBON ANALYSIS - At its 52nd meeting, from 8 to 12 February in Bonn, the EB rejected a total of 12 projects: six Chinese wind projects, four energy efficiency projects (three from China, one from India), one fugitive emissions project from coal mines, and one Indian wind project. The EB is continuing to scrutinise Chinese wind projects. It is now also throwing a large share of Chinese hydro projects into the review loop. With regards to DOEs, the EB continues to implement its new accreditation procedures and stricter requirements on how they perform their work. Buy/Free trial
09 Feb 10 A fair price for secondary CERs post-2012 In this webinar, Point Carbon analysts present our CER supply model, demand scenarios and our fair price assessment of secondary CERs post-2012. They also analyse the price dynamics of sCERs. Buy/Free trial
08 Feb 10 US climate policy at a crossroads POINT CARBON ANALYSIS - Uncertainty over the fate and content of a climate bill has reached unprecedented heights, but alternatives to federal legislation are also undefined at this point. Buy/Free trial
04 Feb 10 From Copenhagen to Mexico:What next for climate policy? POINT CARBON ANALYSIS - In this slide package, we provide an update of the recent development in the international negotiations and our expectations going forward. Buy/Free trial
03 Feb 10 Submissions to the Copenhagen Accord POINT CARBON ANALYSIS - In line with the Copenhagen Accord, as of 31 January, 38 Annex I countries had submitted their economy-wide emission reduction targets for 2020, while 23 Non-Annex I countries had proposed nationally appropriate mitigation actions. Overall, the targets and actions pledged are the same as before Copenhagen. Only Canada has lowered its target, in order to be in line with proposed US legislation. How do these targets compare, and what is the aggregate reduction effort for Annex I countries? What are the implications for further negotiations? Buy/Free trial
29 Jan 10 CERs, ERUs and AAUs in national registries POINT CARBON ANALYSIS - Yesterday, the UNFCCC made available data on the CERs, ERUs and AAUs held in national registries as of 31 December 2009. Japan, Germany and Spain hold the largest amounts of CERs, while Switzerland, the Netherlands and Austria have the largest amounts of ERUs. For several reasons, the changes in AAU holdings do not coincide with the volumes exchanged in reported AAU deals. What are the changes from the 2008 data for these three units, and how can these be explained? Buy/Free trial
25 Jan 10 Weaker prospects: US, EU and post-Copenhagen POINT CARBON ANALYSIS - We have lowered our forecast for a bill with a cap-and-trade program passing the US Congress by the end of 2010 to 20 percent. Due to this and to the outcome in Copenhagen, we have also reduced the probability of EUA moving to a 30 percent reduction target, bringing our long-term price outlook for EUAs to €34 in 2016. In sum, these developments point towards a continued stalemate in the international negotiations. Buy/Free trial
05 Jan 10 Global carbon market volumes and values in 2009 POINT CARBON ANALYSIS - The world’s carbon markets exchanged 8.2 billion tonnes (Gt) CO2e in the course of 2009. The value of these transactions was €94 billion (US$136bn). Total transaction volume is up 68 percent on 2008, mainly due to a strong increase in EUA volume. However, due to lower carbon prices, the total market value of transactions in 2009 remains at the same level as the previous year. See Table 1 below for details. Buy/Free trial

25 Feb 10

Canadian climate change policy

In this webinar we discuss Canada’s climate change policy, including its international commitments, federal and provincial actions, and the US-Canada relationship. Guest speakers include Frédéric Gagnon-Lebrun and Doug Russell from EcoRessources.

Buy/Free trial You do not have access to this article

22 Feb 10

Preview of Carbon 2010: A quick look into the EU ETS

This presentation gives a preview of the key findings in Point Carbon’s fifth annual report on the global carbon market.

Buy/Free trial You do not have access to this article

17 Feb 10

Last EB meeting: Chinese wind and hydro facing challenges

POINT CARBON ANALYSIS - At its 52nd meeting, from 8 to 12 February in Bonn, the EB rejected a total of 12 projects: six Chinese wind projects, four energy efficiency projects (three from China, one from India), one fugitive emissions project from coal mines, and one Indian wind project. The EB is continuing to scrutinise Chinese wind projects. It is now also throwing a large share of Chinese hydro projects into the review loop. With regards to DOEs, the EB continues to implement its new accreditation procedures and stricter requirements on how they perform their work.

Buy/Free trial You do not have access to this article

09 Feb 10

A fair price for secondary CERs post-2012

In this webinar, Point Carbon analysts present our CER supply model, demand scenarios and our fair price assessment of secondary CERs post-2012. They also analyse the price dynamics of sCERs.

Buy/Free trial You do not have access to this article

08 Feb 10

US climate policy at a crossroads

POINT CARBON ANALYSIS - Uncertainty over the fate and content of a climate bill has reached unprecedented heights, but alternatives to federal legislation are also undefined at this point.

Buy/Free trial You do not have access to this article

04 Feb 10

From Copenhagen to Mexico:What next for climate policy?

POINT CARBON ANALYSIS - In this slide package, we provide an update of the recent development in the international negotiations and our expectations going forward.

Buy/Free trial You do not have access to this article

03 Feb 10

Submissions to the Copenhagen Accord

POINT CARBON ANALYSIS - In line with the Copenhagen Accord, as of 31 January, 38 Annex I countries had submitted their economy-wide emission reduction targets for 2020, while 23 Non-Annex I countries had proposed nationally appropriate mitigation actions. Overall, the targets and actions pledged are the same as before Copenhagen. Only Canada has lowered its target, in order to be in line with proposed US legislation. How do these targets compare, and what is the aggregate reduction effort for Annex I countries? What are the implications for further negotiations?

Buy/Free trial You do not have access to this article

29 Jan 10

CERs, ERUs and AAUs in national registries

POINT CARBON ANALYSIS - Yesterday, the UNFCCC made available data on the CERs, ERUs and AAUs held in national registries as of 31 December 2009. Japan, Germany and Spain hold the largest amounts of CERs, while Switzerland, the Netherlands and Austria have the largest amounts of ERUs. For several reasons, the changes in AAU holdings do not coincide with the volumes exchanged in reported AAU deals. What are the changes from the 2008 data for these three units, and how can these be explained?

Buy/Free trial You do not have access to this article

25 Jan 10

Weaker prospects: US, EU and post-Copenhagen

POINT CARBON ANALYSIS - We have lowered our forecast for a bill with a cap-and-trade program passing the US Congress by the end of 2010 to 20 percent. Due to this and to the outcome in Copenhagen, we have also reduced the probability of EUA moving to a 30 percent reduction target, bringing our long-term price outlook for EUAs to €34 in 2016. In sum, these developments point towards a continued stalemate in the international negotiations.

Buy/Free trial You do not have access to this article

05 Jan 10

Global carbon market volumes and values in 2009

POINT CARBON ANALYSIS - The world’s carbon markets exchanged 8.2 billion tonnes (Gt) CO2e in the course of 2009. The value of these transactions was €94 billion (US$136bn). Total transaction volume is up 68 percent on 2008, mainly due to a strong increase in EUA volume. However, due to lower carbon prices, the total market value of transactions in 2009 remains at the same level as the previous year. See Table 1 below for details.

Buy/Free trial You do not have access to this article