Recently in Carbon Emissions Category

Innovative Tool provides a simple graphical means to understand carbon emissions in complex international trade movements

A new graphical tool was released today on the internet to help educate practitioners and the public on how they can directly and immediately impact their carbon emissions in international trade.  The complex movement of goods in multiple modes of transportation is modeled in real time on the internet.  The tool provides a simple and intuitive way to understand the volume of carbon generated by a single international shipment and to then change variables that they control to help reduce carbon emission by 1 to 3 metric tons of carbon per shipping container.

"The science of carbon dioxide's impact on our planet is predominantly a certainty.  Billions of tons of CO2 are emitted in to the atmosphere each year, warming our planet.  The future damage will be significant and the need to act is now compelling," noted John Motley, CEO and Founder of LOG-NET, Inc.  "What this tool does is show how to burn less fuel in international trade.  This should be compelling economically and for sustainability reasons.  Businesses will need to manage CO2 in the future and we felt compelled to provide tools that help understand how significantly parties in trade can impact their carbon footprint today," he added.

"Our new tool puts sophisticated CO2 emission calculation logic in the hands of users worldwide, and provides an intuitive, graphical interface to make it easy to use," says Jonathan O'Keeffe, LOG-NET's Chief Technology Officer. O'Keeffe added that there are many factors that impact the amount of CO2 generated by the movement of a container of goods or an air shipment. Factors such as route, mode, time spent in port, and size of the vessel each have significant impacts on the amount of CO2 generated. LOG-NET's tool is designed to let users investigate the impact of changes of these various factors. For example, the emissions generated by a movement of cargo from China shipped through the Port of Seattle to an interior point in the US can be compared to the emissions from the same movement through the Port of Savannah.

Motley said that LOG-NET plans additional product offerings to help companies better understand how to reduce their carbon emissions in international trade. "Our aim is to provide a full suite of tools for detailed, accurate measurement of sustainability metrics across the entire supply chain," Motley said.

Founded in 1991, LOG-NET, Inc. of Red Bank, N.J. provides order management, transportation, supply chain  and logistics information systems globally on a Software as a Service (SaaS) basis. The company provides international trade and logistics portal capability that enables order management, inventory management, transportation management and compliance on a global end to end (E2E) basis.  LOG-NET's tools are used by leaders in internation trade including DHL, Jones Apparel, Hasbro, Agility, CEVA Logistics, Dollar Tree Stores, Transplace and many other. For more information, please visit www.LOG-NET.com.

A low-carbon future can be possible if policy makers and industry leaders shift their focus from green energy to clean energy, according a new whitepaper from Dr. Joseph A. Stanislaw, a senior advisor to Deloitte and founder of the advisory firm The JAStanislaw Group, LLC. Stanislaw is also co-founder and former president and CEO of Cambridge Energy Research Associates.

In his whitepaper, "Clean Over Green: Striking a New Energy Balance as We Build a Bridge to a Low-Carbon Future," Stanislaw explains that the "all-consuming global obsession with anything green has subsided" and stresses that energy decision makers should "move from breathless anticipation of a green dawn, to the more sober work of systematically and thoughtfully building toward a low-carbon future."

According to Stanislaw, this means pursuing energy options that are clean, not simply renewable and green. Implicit in this is the idea that oil, natural gas and coal have the potential to be clean. "The principle goal of policymakers should be to establish a level playing field that makes it easier to identify the cleanest fuels producible at the lowest cost, while also reducing energy use through efficiency and other technologies," said Stanislaw.

In the paper, Stanislaw stresses that now is a good time to shift from green to clean because we are "in the midst of creating a new development model that allows for industry leaders and policymakers to simultaneously promote economic growth and fight climate change."

Stanislaw further recommends a series of potential changes in how we think about energy, including the following:

• Policymakers could establish a predictable price for carbon emissions to unleash greater efforts at conservation, efficiency and demand reduction -- leading to a cleaner future. Stanislaw feels that an enlightened and fair policy framework is intrinsic to this effort.

• The current schism between the old and new energy industries -- wherein the green evangelists mock the traditional fuels and the oil and gas crowd reciprocate -- should end. This transformation also could be led by policymakers who admit there is no silver bullet in our common effort to build a low-carbon future. All energy forms, provided they can meet standards for being clean and cost-effective, should be able to compete for market share and funding.

• The marginalization of natural gas, which the United States has in increasing abundance, should be an area of focused attention. This relatively clean fuel is desperately sought after by nearly every country, yet somehow the U.S. considers it a lesser fuel. Natural gas could be treated equally with other fuels in the climate change bills currently being debated in Congress.

• The oil and gas industries could do their part by committing to developing carbon-neutral technology. The top goal could be to produce ever-cleaner oil, natural gas and coal. Within a generation, we could well be talking about clean oil, clean natural gas and clean coal.

Stanislaw concludes his whitepaper by explaining that "there will probably be more money spent in the energy sector in a broad sense in the next 50 years than has been invested in the past 100 years, if not in the history of mankind. Channeling these investments well, into an era of clean energy, is the challenge that policymakers, the private sector and the public all face together. The bridge to tomorrow's energy future depends on a sensible transition plan -- one that takes advantage of all of the clean fuel sources available to us."

To download the whitepaper, visit www.deloitte.com/us/newenergybalance.

About the Deloitte Center for Energy Solutions:

The Deloitte Center for Energy Solutions (Center) provides a forum for innovation, thought leadership, groundbreaking research and industry collaboration to solve the most complex energy challenges. Through the Center, Deloitte's Energy & Resources group leads the debate on critical topics on the minds of executives -- from legislative and regulatory policy to operational efficiency to sustainable and profitable growth. The Center provides complete solutions to Deloitte's clients through a global network of specialists and thought leaders. With locations in Houston and Washington, D.C., the Center offers interaction through seminars, roundtables and other forms of engagement, where established and growing companies can come together to learn, discuss and debate. For more information, see www.deloitte.com/energysolutions.

SOURCE Deloitte

Results released today from a detailed economic study show that China may cut carbon emissions deeply and minimise the adverse effects on its economy over the next 40 years. The report, Going Clean: the economics of China's low-carbon development, by the Chinese Economists 50 Forum and Stockholm Environment Institute, says that emission reductions up to 2050 can be made for example through:

    - Energy efficiency gains through improved building design, standards for
      electrical appliances and the use of less energy-intensive materials

    - A massive shift towards the use of renewable energy such as wind and
      solar energy, municipal solid waste and biomass, and small hydropower

    - Electric vehicles for road transport

    - Using Carbon Capture and Storage technology in new coal-fired power
      plants

    - A better international cooperation mechanism that can channel more
      finance and technologies from developed countries

The report by Chinese, Swedish, German, British and American experts says that these changes would also present opportunities for China to improve its energy security and move its economy higher up the international value chain.

"A low-carbon China is a country with a larger service sector, more advanced labour skills and less environmental degradation," said Dr FAN Gang, Director of the National Economic Research Institute in China, who led the research in China. "Such a transition would also be an essential part of China's development."

China is currently one of the 10 most carbon-intensive economies in the world, meaning that it has a high carbon footprint in relation to the level of economic activity. "Avoiding dangerous climate change requires the world to act together to cut global emissions. Developed countries are largely responsible for the past build up in global green house gas emissions but future responsibility is shared by developed and developing countries alike," said Lord Nicholas Stern, report author and Professor at the London School of Economics. "This important report demonstrates that China can take strong and decisive action to reduce its carbon emissions, whilst continuing its economic growth and delivering a prosperous and a harmonious society for its people."

"China will be one of the countries most adversely affected by dangerous climate change. Avoiding dangerous climate change is in the best interest of China," said Professor Ottmar Edenhofer, report author, deputy director and chief economist of the Potsdam Institute of Climate Impact Research. "The study demonstrates that China can combine a high economic growth path with ambitious emission reductions. This is the reason why China has the potential to become a role model for other economies in transition."

Going Clean recommends a phase-out of fossil fuel subsidies and for carbon to be priced more highly, either through a carbon tax or a global cap-and-trade system. "With today's low prices, the incentives for a low-carbon transition are not strong enough. But this can change," said Dr Fan Gang. The report shows that it is technologically feasible for China to reach a 2 degrees pathway and estimates that the savings from lower energy use and other efficiencies will partly offset the costs of transformation. "High-income countries account for a vast majority of global emissions to date and need to shoulder this responsibility through financial support to developing countries," said Professor Johan Rockstrom, Executive Director of the Stockholm Environment Institute. "To make this a reality, Going Clean proposes a new international finance mechanism - the Inter-country Joint Mitigation Plan - as a broader and more efficient way of financing technology transfers."

"Consumption and production patterns also need to be steered in a more resource- sustainable direction," said Klas Eklund, report author and Senior Economist at the Nordic bank SEB. "As the world's most populous country and the largest emitter of greenhouse gases, China's role is critical in combating global climate change. Thus, effective economic tools to curb emissions are necessary."

The shift to a low-carbon economy will hit coal-fired power and some heavy industries, but will also create new 'green jobs'. In the first half of 2009, China built more wind turbines than the US. Low-carbon transport is growing - there are currently over 50 million electric bikes and motorcycles in the country, and China is now leading the mass production of electric hybrid cars.

"Even in these difficult economic times, climate change action may present more opportunities than costs," said Professor Johan Rockstrom. "Such a transformation, for China and the rest of the world, will not be easy. But it is possible, necessary and worthwhile to pursue."

The Chinese 50 Economists Forum is a Beijing-based grouping of Chinese economists for collaborative research and public discussion of China's economy. The Stockholm Environment Institute is an independent, non-profit research organization bridging science and policy for sustainable development.

    - Going Clean - The Economics of China's Low-Carbon Development will be
      launched in Beijing on 8 December 2009, 12:00 at the Raffles Beijing
      Hotel.

    - The report can be downloaded from http://www.sei-international.org

SOURCE Stockholm Environment Institute and the Chinese Economists 50 Forum

Two of America's leading renewable biochemical companies, Blue Marble Energy Corp. and Bionavitas, announced a partnership today in which Blue Marble Energy will produce high-margin biochemicals from microalgae supplied by Bionavitas. Blue Marble CEO Kelly Ogilvie officially announced the partnership at the 3rd Annual Algal Biomass Summit in San Diego.

Bionavitas, based in Redmond, Washington, has developed Light Immersion Technology(TM) (LIT(TM)) that enables the rapid, cost-effective production of algae for environmental remediation, manufacturing health and nutraceutical products, and producing biofuels. Blue Marble Energy, based in Seattle, has developed a proprietary technology to produce a wide array of high-margin, carbon neutral specialty biochemicals from organic biomass. These biochemicals include esters, a group of chemicals used in food, fragrance, plastics, resins and adhesives.

"There is no question that algae are a key component of the solution and will help reduce our dependence on fossil fuels," said Ogilvie. "But fuel isn't the only useful product that can be developed using algae. While many people think of oil simply as a source of fuel, it is also an important component of almost everything we eat, drink, manufacture, and wear. With the efficient algae-production capability of Bionavitas, and our ability to convert that algae into specialty biochemicals, it was a natural step for our companies to partner."

"Our Light Immersion Technology gives us the ability to efficiently produce high quality algae that is uniquely suited for Blue Marble's processing technology," said Michael Weaver, CEO of Bionavitas. "We look forward to jointly pursuing commercialization opportunities for our combined technologies."

Light Immersion Technology(TM) can be used to grow algae to remediate selenium, zinc, lead, cadmium, boron, mercury, and other undesirable elements and compounds from industrial waste streams. Blue Marble can then safely process the generated algae biomass into specialty biochemicals. The combination of these unique technologies places Blue Marble Energy and Bionavitas at the forefront of innovative clean technology solutions for numerous commercial applications.

About Blue Marble Energy

Blue Marble Energy is a Seattle-based company utilizing unique bacterial consortia to produce specialty biochemicals and renewable natural gas. BME's mission is to produce drop-in replacements to petrochemicals which are safe, carbon-neutral, and fully sustainable. BME's proprietary AGATE(TM) (Acid, Gas, and Ammonia Targeted Extraction) system processes nearly any organic feedstock, utilizing cultured strains of bacteria to perform fermentation (like brewing beer) to produce a wide variety of biochemicals. This solution will allow manufacturers to replace petroleum with renewable feedstocks and produce some of the chemical industry's highest value products, including esters, amides and anhydrous ammonia. In addition to these biochemicals, the AGATE system generates renewable natural gas as a byproduct.

For more information, visit: www.bluemarbleenergy.net

About Bionavitas

Bionavitas is a Redmond, Washington-based bioscience company committed to revolutionizing the clean technology industry. Bionavitas harnesses the power of algae for biofuel production, health and nutraceutical products and environmental remediation. The company's innovative, patent-pending Light Immersion Technology(TM) addresses the problem of algae "self-shading" by allowing more light to penetrate the algae biomass. This permits the algae to grow deeper and thicker, resulting in the more efficient and expansive algae production necessary for cost effective commercial applications.

SOURCE Blue Marble Energy Corp.

NYSE's Bluenext and CBEEX announce the development of China's first Voluntary Standard at the first US-China Low Carbon Conference in New York today. Not only does this strengthen the new partnership between CBEEX and Bluenext first announced earlier this summer, but also marks the first step towards a Voluntary system to limit emissions domestically in China.

At the US-China Low Carbon Conference Serge Harry, Chairman and CEO of NYSE's Bluenext and Xiong Yang, Chairman of CBEEX made the announcement to a multi-national audience of Chinese and US CEOs from the financial, industrial and carbon worlds. The new standard is touted to become the recognised international and domestic carbon standard for China. Details about the design and methodologies will come out in full at the official launch in Copenhagen in December. But experts suggest that the Standard will make a significant impact on the fledgling Chinese voluntary carbon market.

The standard, which will rely on existing proven methodologies, will cover, among other sectors, agriculture and forestry and large scale carbon offset projects. The standard is being developed now so the market might quickly respond to a post -COP 15 world.

Witnessing the announcement today was Duncan Niederauer, CEO of NYSE Euronext, James Rogers, Chairman and CEO of Duke Energy, Wang Yusou, Chairman of the Board of ENN Group and David Yarnold, Executive Director of EDF. They were joined by over a 150 leading figures who have an interest in the Low Carbon technologies and finance.

SOURCE Bluenext

Southern Company today announced that China will be the site for the first worldwide commercial implementation of the Transport Integrated Gasification (TRIG(TM)) technology for producing low-emission coal-based electricity.

TRIG is an advanced integrated gasification combined cycle (IGCC) technology that produces electricity with lower emissions than traditional coal power plants. It also is compatible with lower rank coals that are abundant in China.

The technology was developed by Southern Company, KBR Inc., and other partners, including the U.S. Department of Energy, at the DOE's research facility in Wilsonville, Ala., that is managed and operated by Southern Company.

Under the terms of their technology licensing arrangements with KBR Inc., the companies will provide Beijing Guoneng Yinghui Clean Energy Engineering Co., Ltd. with licensing, engineering services and proprietary equipment for the implementation of TRIG technology at a power plant operated by Dongguan Tianming Electric Power Co., Ltd. (Dongguan TMEP) in Guandong Province, Peoples Republic of China.

At the Dongguan TMEP facility, TRIG technology will be added to an existing gas turbine combined cycle plant so that it can use clean synthetic gas from coal as its fuel for generating electricity, rather than fuel oil.

"China's rapid growth vividly demonstrates the global need for advanced technologies to ensure reliable, affordable and cleaner supplies of energy," said Southern Company Chairman, President and CEO David Ratcliffe. "This plant will demonstrate that TRIG offers an effective technological solution to these challenges."

The 120-megawatt Dongguan TMEP plant, expected to begin operation in 2011, would demonstrate an example of advanced U.S. IGCC technology that is being developed in partnership between the DOE and industry. This IGCC technology is compatible with carbon capture, and its deployment in China is an important step toward positioning IGCC for future integration with carbon capture technology.

Ratcliffe also noted that Southern Company subsidiary Mississippi Power currently is seeking regulatory approval to build a 582-megawatt plant using TRIG technology in Kemper County, Miss. That plant would include 65 percent carbon capture and sequestration.

Source: Southern Company

DTE Energy Chairman and CEO Anthony F. Earley, Jr. said today that for the U.S. to achieve ambitious targets of reducing carbon dioxide emissions, nuclear energy will be one of the most effective climate control strategies for the nation's electric utilities.

Speaking at The National Summit, a three-day meeting in Detroit featuring prominent business, government and academic leaders, Earley said that nuclear energy will play a crucial role not only in addressing global climate change, but also in meeting the country's growing electricity needs.

"Nuclear energy provides clean, reasonably priced electricity at extremely high levels of safety and reliability," he said. "In 2008, the U.S. fleet of nuclear plants operated at just over 90 percent capacity - the highest level ever. Nuclear power has proven itself safe, clean, reliable and affordable. And that's with a generation of plants designed in the 1960s and 1970s."

Earley said today's nuclear power plant designs are much improved and more standardized, making them simpler, more compact, safer and less costly to build and operate. But he said there currently is a shortage of suppliers to provide the materials necessary for the construction of new nuclear plants.

"One of the challenges we'll face with the resurgence of nuclear energy is also one of our biggest opportunities," he said. "The number of U.S. nuclear suppliers has shrunk and global competition is already heating up for the limited material and manpower now available.

"There's no doubt we need more suppliers, as well as highly-skilled construction workers to build nuclear units, and more qualified operators to run new plants," Earley said. "At the peak of construction, a nuclear plant will employ an estimated 2,300 skilled workers. And upon completion, approximately 700 skilled workers will be required to operate and maintain the plant - at wages 36 percent above those for workers in similar jobs at non-nuclear facilities."

Each year the average nuclear plant generates approximately $430 million in sales of goods and services in the local community and nearly $40 million in total labor income, Earley said. According to the Nuclear Energy Institute, the average nuclear plant generates state and local tax revenue of almost $20 million each year and federal tax payments of approximately $75 million each year. These tax dollars benefit schools, roads and other state and local infrastructure.

While nuclear energy will play a significant role in meeting the country's growing demand for electricity, Earley cautioned that there is no single solution to the nation's energy challenge.

Most utilities are working to increase their mix of renewable energy - and this is an area where the country will see incredible growth over the next decade, he said. Wind power is now the fastest-growing renewable energy source in the nation, accounting for about 30 percent of all new power generating capacity added in the U.S. last year.

"But windmills and solar panels will never power an auto assembly line or a cold-rolled steel mill," Earley said. "You need big baseload coal-fired and nuclear plants to keep them running and to form the reliable backbone of a national grid."

Earley also warned that the nation's energy infrastructure is nearing "the end of its useful life," noting that the average age of a power plant in Michigan is 48 years. Given that the useful life of a plant is usually 60 years, and that it can take a decade to plan and build a new plant, change is definitely on the horizon.

"To accommodate our growth, cope with plant retirements and deal with environmental concerns, we'll need to make massive investments to our infrastructure - as much as $2 trillion by 2030," he said. "And that doesn't include the unknown costs of potential climate change legislation and state or federal renewable portfolio requirements.

"The road to a clean, safe and secure energy future will require creative thinking, hard choices and huge investments," Earley continued. "And it will require adaptability - to shifting government policy, advancing technology, an uncertain economy and fickle consumer preferences.

"Buckle your seat belts. It's going to be an exciting ride."

Source: DTA Energy

Southern Company today announced plans to demonstrate carbon capture and sequestration on a coal-fired power generation plant to support the development of technologies for reducing greenhouse gas emissions.

Along with the U.S. Department of Energy (DOE), Mitsubishi Heavy Industries Ltd. (MHI), the Electric Power Research Institute and other partners, Southern Company will build a demonstration facility to capture carbon dioxide emissions from an existing unit of subsidiary Alabama Power's Plant Barry near Mobile, Ala.

Beginning in 2011, between 100,000 and 150,000 tons of CO2 per year - the equivalent of emissions from 25 megawatts of the plant's generating capacity - would be captured for permanent underground storage in a deep saline geologic formation.

The CO2 will be supplied to the DOE's Southeast Regional Carbon Sequestration Partnership (SECARB), which will transport it by pipeline from the plant and store it underground at a site within the area of the Citronelle Oil Field, about 10 miles from the plant, operated by Denbury Resources. The Southern States Energy Board is leading the SECARB effort.

"This project will help increase our knowledge of carbon capture and sequestration, technology we must demonstrate at a commercial level in the effort to reliably generate electricity using coal with reduced greenhouse gas emissions," said David Ratcliffe, Southern Company chairman, president and CEO.

"The main challenge facing deployment of carbon capture and sequestration technology is demonstrating its effectiveness at a large scale," Ratcliffe added. "Our involvement in this and other related projects is part of our commitment to be a leader in finding solutions that make technological, economic and environmental sense."

With carbon capture and sequestration (CCS), CO2 released during the combustion of coal would be separated from the flue gas, compressed, and then permanently sequestered - or stored - deep underground.

The CO2 capture technology to be used in this project, called KM-CDR(TM), was jointly developed by MHI and the Kansai Electric Power Company Inc. It deploys an advanced amine-based solvent that reacts readily with CO2 in flue gas before being separated and compressed so that it is ready for pipeline transport.

The MHI process offers improved performance and lower cost than other existing capture technologies. The process has been demonstrated at smaller scale at a coal-fired generating station in Japan, and is currently being deployed commercially on natural gas-fired systems around the world. This project represents the largest coal-fired demonstration of the technology.

"We are excited to be a partner in this important project that will help further the global goal of reducing carbon dioxide emissions for the benefit of everyone," said Shunichi Miyanaga, executive vice president and representative director general manager of MHI's Machinery & Steel Structures Headquarters. "The confidence our partners have shown in the MHI CO2 capture technology is a testament to the research and development efforts we have undertaken during the past 20 years. Together with our partners, we are ready to deploy and demonstrate to the world the safety and viability of commercial-scale CCS."

An important part of any CO2 sequestration project is site selection through geologic characterization and a robust program to monitor the injected CO2. Therefore, a thorough monitoring process will be deployed to map the movement of the sequestered CO2.

Through this project and others, Southern Company and its partners seek to support the goal of better understanding the impacts of reducing CO2 emissions from electricity generation. The project in Alabama is designed to demonstrate start-to-finish CCS technology, an important step toward commercialization.

Plant Barry, located in Bucks, Ala., has a total capacity of 2,525 megawatts and includes seven generating units -- five coal-fired units and two natural gas-fired combined-cycle units.

SOURCE Southern Company

Despite a short-term reduction, electricity prices are estimated to rise by 10 - 15% in 2013, following the tightening of restrictions on emissions levels. This has caused concern amongst intensive energy users such as the steel, aluminium, cement and paper industries. They fear that the price increase, along with other related factors, will significantly increase their costs at the time when they will still be recovering from the current economic slowdown. In order to remain successful in the future, they will need to hedge looming high costs by investing in emissions-reducing technologies.

Prices of European Union Allowances (EUA), where one allowance represents a permit to emit one tonne of carbon dioxide under the European Union Emissions Trading scheme, are currently low. Companies who possess unused allowances will be able to sell them easily to high-polluting industries that may require extra allowances. Such actions would mutually benefit industries in either position; buyers and sellers would be able to invest their respective savings and earnings in energy efficient equipment and abatement technologies.

The price of emissions allowances in 2008 was negatively impacted by massive redundancies and production cuts across manufacturing industries in Europe. The EUA price tumbled from euro 22.5 in August 2008 to euro 15 in December 2008. The price of coal also dropped significantly, from euro 18.5 to euro 8 per MWatt during the same period. When coal prices decline, power plants often switch from gas to coal. Since coal produces the highest emissions output, the price of the EUA was expected to rise as the price of coal fell. This however, was not the case. In fact, the EUA price fell below euro 10 in the first months of 2009 following shrinking levels of production output that resulted from the economic crisis.

The negative impact of the economic slowdown on the industry had at least one positive effect - since fewer emissions were produced, Europe was able to get closer to its carbon reduction target. This situation, however, is expected to reverse once the economy picks up. Therefore, a smart move for many carbon emitters is to try investing in abatement technologies early on in order to minimise the impact of tighter regulations and higher carbon prices during Phase III.

"The current situation is giving high polluting industries an opportunity to cash in by selling their excess allowances allocated for Phase II. This could provide funds for investment in emissions reducing technologies when other companies try to save cash to shore up their balance sheets," says Zeinegul Hassan, Research Analyst, Renewable Energy, Frost & Sullivan. "Companies exceeding their emissions targets can benefit from buying allowances at a lower price in 2009-2010 and invest funds they did not spend on allowances into abatement technologies. With smart investments, industrial companies will be well prepared for 2013, when more allowances are to be auctioned."

According to an exemption set by the EU leaders, industries exposed to a significant risk of losing competition within the EU will be granted 100% of emissions allowances free in Phase III. Companies hoping to apply for free permits will need to demonstrate that they have deployed the best available technology. This means that only those enterprises that have invested in abatement technologies will get a chance to receive free permits, and the rest will be required to pay for the right to emit carbon dioxide.

"The competitive landscape in the equipment manufacturing may well change once this crisis recedes. The winners will be those whose R&D activities have not been suspended and who have continued to develop pollution reduction technologies," continues Zeinegul Hassan. "When the EUA price was at its lowest level of below euro 1 in early 2008, the market lacked the incentives to clean up its carbon act. The forthcoming Phase III has raised concerns amongst companies over the costs and competitiveness implications, but at least there is still time and the incentive to develop a plan to reduce their emissions."

If you are interested in this subject and would like to receive more information, then send an e-mail to Chiara Carella, Corporate Communications, at chiara.carella@frost.com" target=_new>chiara.carella@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.

GIL 2009: Europe

Frost & Sullivan has expanded its flagship Global Congress on Corporate Growth - GIL Global - into several major cities around the world including London. For the first time ever in Europe, Frost & Sullivan will be hosting the Growth, Innovation and Leadership Congress 'GIL 2009: Europe' on 19-20 May, at the Sofitel St James in London. GIL Global is the industry's only event designed to support senior executives in their efforts to achieve sustainable, top-line growth. To register, obtain a programme agenda, explore sponsorship opportunities, or attend as a member of the media for 'GIL 2009: Europe', please contact Chiara Carella, Head of Corporate Communications for Frost & Sullivan in Europe, at chiara.carella@frost.com" target=_new>chiara.carella@frost.com. One-on-One interviews with Frost & Sullivan senior growth consultants are also being scheduled. For more information you can also visit www.frost.com/giluk

SOURCE Frost & Sullivan