UN Admits Russian Emissions Forecasts are Wrong
The growing realization that Russia is serious about not ratifying the Kyoto Protocol has reached the pages of Science magazine. In an article entitled, A Eurasian Tiger Threatens to Maul Kyoto (Mar. 5), reference is made to a draft report from the Secretariat of the UN Framework Convention on Climate Change that says that, The data underlying the U.N.s emissions forecasts for Russia are full of holes and out-of-date.
The last official communication from Russia to the UNFCCC, submitted in November 2002, predicted that Russias emissions would not surpass 1990 levels before 2015. However, the new review suggests that the communication does not include emissions data from important energy sources, including plans to double coal production.
The article also quotes Alexander Golub of Environmental Defense, who once predicted that, Solid economic growth without significant energy efficiency reforms might propel Russia beyond its Kyoto emissions limits far sooner than the U.N. had predicted. He now thinks, however, that Russia will remain well within Kyoto limits, so it would not hurt to ratify the protocol.
Golubs arguments seem to carry little weight in the Kremlin. The article quotes economist Peter Kaznacheev, who said, Its unlikely Russia will make profits from carbon dioxide quota sales. And meeting Kyoto targets is out of the question: The targets are hardly affordable, says Kaznacheev. Russias rising fortunes, therefore, could be the Kyoto treatys ultimate misfortune.
Costs of Kyoto Begin to Dawn on Britain
The economic ramifications of the British Governments decision to adopt stricter-than-Kyoto targets for greenhouse gas emissions are finally being looked into by British officials and industry leaders.
According to the BBC (Mar. 10), an adviser to the government has warned that Britains power supplies could be interrupted owing to lack of capacity by 2006. Meanwhile, a report by the bipartisan House of Commons Trade and Industry Select Committee has warned, There is a danger that there is currently insufficient investment in the network to replace in a planned and orderly way equipment which is reaching the end of its life. Simply to maintain present performance levels, capital expenditure by the network owners would have to double. The report suggested that consumers would have to pay an extra ₤1 billion in higher electricity prices to redress the balance.
The same day, Londons Times reported on a new paper by the Royal Academy of Engineering on the cost of renewable energy. It summarized, Even the cheapest forms of renewable energy will cost at least twice as much as gas or nuclear power for the foreseeable future, according to a new report that questions the viability of the Government’s energy strategy.
The paper quoted the report as saying, The energy consultant PB Power, which prepared the report, found in a comparison of energy costs that electricity generated from gas turbines or modern nuclear plants is by far the cheapest, at 2.3p per kilowatt hour (kWh). Onshore wind power, the cheapest renewable energy, costs 3.7p per kWh and offshore wind power costs 5.5p per kWh. And the cost of both is increased further by the need for back-up conventional power sources to ensure that supplies remain constant when the wind is not blowing.
Then, on March 12, yet more of the cost of the governments green policies came to light. The Guardian reported, Water and sewerage customers in England and Wales could be forced to pay more than the 30% extra in real terms over the five years from April 2005, originally foreseen by regulator Ofwat. It follows tough new environmental guidelines from ministers. Business bodies warned that industry could see their power bills rise by up to 30%with a knock-on effect on domestic consumersif the government sticks to its plans to enforce a 16.3% cut in greenhouse gases under an EU carbon emissions trading scheme that takes effect on January 1, 2005.
The Guardian concluded, Ministers came under fire from both the CBI [Confederation of British Industry] and EEF [an association of manufacturers]over their ambitious plans for CO2 trading which, the government says, should increase power bills by no more than 6%. Industrial and retail customers, who already face a combined 1.5bn bill over 10 years to rebuild the grid system and hefty increases to meet the switch to renewables, will pay considerably more10 to 30%than government forecasts, the two bodies said.
The EEF said UK power prices would surge faster than in Europe unless ministers persuaded other EU states to adopt its more stringent standards and urged a delay to the new scheme. While the rest of Europe drags its heels, Britain’s manufacturers are going to have to run much faster to meet the UK’s ambitious target, said Martin Temple, EEF director-general.