Germany sees no return to easy EU climate decisions

  • Spanish Market: Agriculture, Biomass, Emissions
  • 26/03/24

German environment minister and green party politician Steffi Lemke has warned that easy decision-making processes for climate change and environment policies in the EU are unlikely to return after the election in June. This comes after a key EU vote on a provisional deal for climate, nature and environment was withdrawn because of a lack of member state support.

Global challenges and geopolitic "are all too profound" to go back to what the EU decision-making process was like five years ago, Lemke said.

But she noted that ultimately depends on the EU elections results in June and "how far extreme and populist parties gain majorities".

This comes as the adoption the nature restoration law was cancelled yesterday after a number of countries, including Hungary, withdrew their support. Lemke said the vote was supposed to be "a formality" but that it is now unclear whether the law can still pass in this legislative period.

The European Parliament had previously approved the nature restoration law, agreed with EU states, that commits EU countries to restoring at least 30pc of habitats in poor condition by 2030, 60pc by 2040, and 90pc by 2050.

Lemke said that not adopting the nature restoration law would leave the EU more exposed to climate change. "We'll not be able to manage climate risks without nature in order," she said.

Unstable ecosystems exacerbate the problems faced because of climate change, for the economy, infrastructure, human health, she said. "It's also about protecting agriculture from climate change". "US insurers are withdrawing from different regions because they can't insure climate risks anymore". "We shouldn't make the mistake of scoring easy points against climate and environmental protection," she added.

"Climate-friendly states will try to get [the law] up for adoption at a later date," she added. When asked whether Germany has some responsibility for encouraging others to block provisional agreements on EU laws, she said that the country has not always been an "easy negotiation partner".

But Lemke pointed out that Germany had finally approved many important laws, most recently the packaging and packaging waste regulation. The phase-out of the internal combustion engine had been particularly difficult for the German government.

Other member states have also encountered major difficulties in securing government approval or parliamentary support, she said, pointing again the geopolitical situation after Russia's attack on Ukraine. Many countries have seen populist parties and right-wing extremist parties fueling uncertainty, and have had to contend with the impact of the Covid-19 pandemic and global inflation. "This had made democratic governance significantly more difficult in the member states themselves, but also in Europe," she said.


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09/05/24

Australia’s ANZ bank to end new gas, oil lending

Australia’s ANZ bank to end new gas, oil lending

Sydney, 9 May (Argus) — Australia-based bank ANZ has updated its oil and gas policy, with it to no longer provide direct financing to new or expanding upstream oil and gas projects. The bank declared its new policy as part of its 2024 half-year results released on 7 May, saying it would also decline to integrate new customers primarily focused on upstream oil and gas. ANZ said that while it believes gas plays a "material and important part in meeting Australia's current energy needs and will do so for the foreseeable future", it will instead collaborate with energy customers to help finance their transition away from fossil fuels. The bank has a 26pc greenhouse gas (GHG) emissions reduction by 2030 goal and committed in 2020 to exit all lending to companies with exposure to thermal coal, either through extraction or power generation by 2030 as part of lending criteria to support the 2015 UN Paris climate agreement target of net zero GHG emissions by 2050. ANZ has however promised to consider exceptions on a case-by-case basis, if any national energy security issues arise. Australia's banks have been under sustained pressure by environmental groups to exit lending to fossil fuel projects, as upstream gas firms also face shareholder rebellions over climate action plans. But Australia's federal government has conceded gas will likely be needed post-2050 as a firming power source for renewables and industrial feedstock for some sectors. But investment in upstream exploration has been extremely low in recent years, with imports of LNG likely in southern Australia from about 2026 to meet demand for industrial users and power generation. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

LNG imports loom as Australia unveils gas strategy


09/05/24
09/05/24

LNG imports loom as Australia unveils gas strategy

Sydney, 9 May (Argus) — Australia's federal government will attempt to reverse the decline in new gas developments by expediting projects, although a report has found it is unlikely to reverse an anticipated shortfall in southern states' supplies later this decade. Canberra's long-awaited Future Gas Strategy will form its future policy on the resource, following two years of uncertainty for the industrial sector. This follows the Labor party-led government's election in May 2022 and its dumping of the previous Liberal-National coalition administration's gas-fed recovery from Covid-19 policy, which emphasised bringing new supplies on line to drive down rising prices. Six principles have been outlined by the government — driving down emissions reductions to reach net zero emissions by 2050, making gas affordable for users during the transition, bringing new supplies on line, supporting a shift to "higher-value and non-substitutable gas uses", ensuring gas and power markets remain fit for purpose during the energy transition and maintaining Australia's status as a reliable trading partner for energy, including LNG. The report found that gas-fired power generation will likely provide grid firming as renewables replace older coal-fired plants. Peak daily gas demand could rise by a factor of two to three by 2043, according to projections, with gas-powered peaking generation labelled a "core component of the National Electricity Market to 2050 and beyond". But by the 2040s more alternatives to gas for peaking and firming are expected to become available. Supplies are forecast to dip significantly in the latter years of the decade, especially in gas-dependent southeast Australia, driven by the 86pc depletion of the region's producing fields. This reduced supplies will outpace a fall in demand , while rising demand is forecast because of the retirement of Western Australia's coal-fired power plants . The report found the causes of Australia's low exploration investment are "multifaceted", blaming the Covid-19 pandemic, difficulties with approvals processes , legal challenges, market interventions and a perceived decline in social licence. It added that international companies may focus on lower cost and lower risk fields in other countries. New sources Stricter enforcement of petroleum retention leases and domestic gas reservation policies are also likely to increase supplies, the report found, with term swap arrangements beneficial in increasing their certainty. Upwards pressure in transport costs is likely to result from increased piping of Queensland coal-bed methane gas to southern markets such as Victoria state, which could influence industrial users to relocate closer to gas fields in the future. Options canvassed to meet demand include more pipelines and processing plants and LNG import terminals , which would provide the fastest option but must overcome regulatory and commercial pressures, given the pricing of LNG would be higher than current domestic prices. Longer term supplies depend on the commerciality from unsanctioned projects such as Narrabri and in the Beetaloo and Surat basins, the report said. More supplies are needed to support exports under foundational LNG contracts, with an impact on the domestic market if Surat basin developments such as Atlas does not continue, the report said. Forecasts show LNG exporters have sufficient production from existing and committed facilities to meet forecast exports until 2027 if expected investments proceed. But beyond this new investment is required, especially for the 8.5mn t/yr Shell-operated Queensland-Curtis LNG at Gladstone. The Australian Energy Producers lobby, which represents upstream oil and gas businesses, said the strategy should now provide clear direction on national energy policy. But the Greens party, the main federal parliamentary group aside from Labor and the Liberal-National coalition, said any plans to continue gas extraction beyond 2050 will negate state and federal net zero 2050 climate targets. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Enchentes afetam operações de empresas no Sul do Brasil


08/05/24
08/05/24

Enchentes afetam operações de empresas no Sul do Brasil

Sao Paulo, 8 May (Argus) — Diversas empresas brasileiras suspenderam operações no Rio Grande do Sul em razão das chuvas intensas que causaram diversos alagamentos e danos à infraestrutura. As enchentes ocasionadas pelo recorde de chuvas geraram pelo menos 83 mortes e 111 pessoas desaparecidas, de acordo com o governo estadual. Mais de 23.000 pessoas foram obrigadas a deixarem suas casas em meio a danos generalizados, incluindo pontes e rodovias inundadas em diversas cidades. A barragem da usina hidrelétrica 14 de Julho, com capacidade de 100MW, no rio das Antas, rompeu na semana passada em meio às fortes chuvas. A Companhia Energética Rio das Antas (Ceran), que opera a usina, implementou um plano de evacuação de emergência em 1 de maio. A produtora de aço Gerdau informou em 6 de maio que suspendeu suas operações em duas unidades no estado até que seja assegurada a "segurança e proteção das pessoas". A empresa não divulgou o volume de produção de aço dessas unidades. A empresa de logística Rumo interrompeu parcialmente suas operações e informou que os "danos aos ativos ainda estão sendo devidamente mensurados". A gigante petroquímica Braskem desligou duas unidades no complexo petroquímico Triunfo, como uma medida de prevenção em decorrência dos "eventos climáticos extremos" no estado, afirmou em 3 de maio. A empresa adicionou que não há expectativa de data para retomar as atividades. A Braskem opera oito unidades industriais no Rio Grande do Sul, que produzem 5 milhões de toneladas (t)/ano de petroquímicos básicos, polietileno e polipropileno, de acordo com seu website. Por Carolina Pulice Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.

Sustainability key for Australian beef trade: Beef2024


08/05/24
08/05/24

Sustainability key for Australian beef trade: Beef2024

Dalby, 8 May (Argus) — Production sustainability credentials are becoming increasingly important for Australian beef producers to secure export market access and source capital, industry panellists said at the Beef2024 event in Queensland this week. There is growing industry concern about the impact of the incoming EU deforestation regulation (EUDR) in December, which will require cattle exporters to provide evidence that the land used in production did not cause deforestation or forest degradation. Such regulations may present a barrier to access if applied without acknowledging local production systems, said Australian sustainability firm Organic Systems and Solutions chief executive Marg Will and private investment firm Macdoch's executive chairperson Alasdair Macleod. The EU represents a small fraction of Australia's beef exports, but Will and Macleod stressed that compliance with sustainability regulations will increasingly influence the cost of finance available to producers. But the Australian beef industry is making headway in achieving sustainability targets.There is continuing progress towards the five sustainability goals announced by the Red Meat Advisory Council in 2023, according to the Australian Beef Sustainability Framework (ABSF) annual update released on 8 May. All indicators of animal welfare and environmental stewardship goals were improving or steady, except for processor waste to landfill, according to the ASBF report. Approximately 81pc of producers were reported to be adopting practices to improve soil water retention in 2023, up from 46.9pc in the last report, although the data was compiled from a separate source. Australia's beef industry is aiming for carbon neutrality by 2030 and the sector reduced its net CO2 emissions by 78pc between 2005-21, mainly because of avoided land clearing and deforestation. By Edward Dunlop ABSF Annual Update - Select Goal Indicators % 2024 Report 2023 Report Best Animal Care Cattle properties covered by a documented biosecurity plan 75.6 86.0 Mortality rate of cattle exported on sea voyages 0.1 0.1 Environmental Stewardship Cattle producers adopting practices to improve soil water retention 81.0 46.9 Total CO2e reduced by beef industry from a 2005 baseline 78.2 64.1 Economic Resilience Value share of Australian beef exports covered by one or more preferential trade agreements 91.0 90.3 Source: ABSF Values based off varied reporting periods Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

EPA sets new oil and gas methane reporting rules


07/05/24
07/05/24

EPA sets new oil and gas methane reporting rules

Washington, 7 May (Argus) — Federal regulators have updated emissions reporting requirements for oil and gas facilities as they prepare to implement a methane "waste" fee for the industry. The US Environmental Protection Agency (EPA) on Monday finalized new rules it says will improve the accuracy of data from the oil and gas sector under the federal greenhouse gas emissions reporting program. Oil and gas facility owners and operators will be required to estimate emissions from additional types of equipment under the rule, and they can draw on newer technologies, like remote sensing, to help estimate emissions. "EPA is applying the latest tools, cutting edge technology, and expertise to track and measure methane emissions from the oil and gas industry," agency administrator Michael Regan said. "Together, a combination of strong standards, good monitoring and reporting, and historic investments to cut methane pollution will ensure the US leads in the global transition to a clean energy economy." Data to support new fee The revisions to the "Subpart W" reporting requirements will be used to determine the amount of methane that will be subject to a "waste emissions charge" created by the Inflation Reduction Act. Under the law, the charge will be calculated based on the annual data that about 8,000 oil and gas sources are now required to report. The charge will begin at $900/t for 2024 methane emissions above a minimum threshold using current measurement data. It will then rise to $1,200/t in 2025 and $1,500/t in subsequent years. Industry officials had raised "serious concerns" about several aspects of the original proposal , warning it could lead to inflated emissions data. "We are reviewing the final rule and will work with Congress and the administration as we continue to reduce GHG emissions while producing the energy the world needs," American Petroleum Institute vice president of corporate policy Aaron Padilla said. The industry group previously said it will ask Congress to repeal the fee, which is only likely to occur if Republicans win control of the White House. Data collected since 2010 Oil and gas facilities have reported emissions under Subpart W since 2010. To simplify reporting, operators often count the equipment they have deployed, and use industry-wide averages to estimate emissions, in addition to other direct and indirect measurements. The industry has argued the Subpart W data is not accurate enough to collect the methane charge, which is expected to cost operators more than $6bn over the next decade. Environmental groups have had their own criticisms of the data, which they say omits vast amounts of emissions such as those from "super-emitter" events and poorly maintained flares. The final rule seeks to respond to some of those concerns by relying on updated emission factors, incorporating additional empirical data on emission rates, collecting data at a more granular level and relying on remote sensing technologies to detect large emission events. EPA also revised Subpart W to include more types of sources, including produced water tanks, nitrogen removal units and crankcase venting. The final rule also sets a threshold of 100 kg/hr of methane for requiring the reporting of emissions from "other large release events." The new data rules will take effect on 1 January 2025 and will first apply to reports submitted in early 2026 for next year's emissions. EPA is allowing the use of the new methodologies for calculating 2024 emissions, but operators can still use the existing rules. By Michael Ball Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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