fCAT by Ambassador Zara Jane Juan: APEC Third Senior Officials’ Meeting (SOM) and Rel...

fCAT by Ambassador Zara Jane Juan: APEC Third Senior Officials’ Meeting (SOM) and Rel...:   SOM 3, traditionally the most heavily attended due to the number of meetings, brings together APEC Working Groups, Sub-fora and Co...

RENEWABLE ENERGY: UGANDA: Signs US$95 Million Agreement to Develop 44.7-MW Muzizi Hydroelectric Project

Uganda Electricity Generation Co. Ltd. (UEGCL) Managing Director, Harisson Mutekanga, said, the project would cover the districts of Kibaale, Kyenjojo, Kabarole and Ntoroko.
UEGCL officials said design development is beginning with engineering studies and the government will begin preparing tender documents after reviewing feasibility studies already on file.
Two large hydro power plants, 600-MW Karuma and 188-MW Isimba, are being developed on the Nile River. Uganda currently has an installed electricity generation capacity of 850 MW. Germany’s state controlled KFW Development Bank, the French Development Agency (AFD) and the government of Uganda, signed a US$95 million agreement this week to construct the 44.7-MW Muzizi hydroelectric project on the Muzizi River in the district of Kibaale, which borders the Ndaiga and Hoima districts in western Uganda.
Earlier this year Information Minister Jim Muhwezi said, Uganda’s Finance Ministry would borrow US$50 million from the AFD and US$44.3 million from KFW to fund the project.
Muzizi is a public project financed under the Mutual Reliance Initiative with KFW, AFD, and Uganda. Groundbreaking on the project is scheduled for Aug. 2016.

 

UPDATE: GERMANY & BRAZIL: Chancellor Angela Merkel and Brazilian President Dilma Rousseff focused on Environmental Cooperation

Germany and Brazil committed themselves to a joint stance on climate change, putting the largest economies in Europe and Latin America on the same page ahead of global climate talks in Paris in December.
Chancellor Angela Merkel and Brazilian President Dilma Rousseff focused mainly on environmental cooperation during a 24-hour visit by the German leader that was also aimed at boosting trade and investment in Brazil's stagnant economy.
"We agreed on common actions to deal with one of the most important challenges of the 21st Century," Rousseff said.
She said Brazil is committed to reducing deforestation in the Amazon to zero by 2030.
Rousseff declared Brazilian support for decarbonizing the global economy by the end of the century, an announcement environmental activists said would boost hopes for such a target being agreed to in Paris.
The COP-21 meeting will seek a binding agreement on how to share the burden of capping global warming at 2 degrees Celsius (3.6 degrees F) above pre-industrial levels or lower.
"As the world’s third largest greenhouse gas emitter, Brazilian support is crucial if the world is going to call time on the age of fossil fuels in Paris," said Iain Keith, of the Avaaz campaign network. "Now we need to see Brazil spelling out how precisely it intends to do this," he said in a statement.
Putting money behind its commitment, the German government announced 550 million euros ($615.78 million) in financing for environmental and clean energy programs in Brazil.
Germany's Development Ministry will provide Brazil 525 million euros ($588 million) in loans to fund the development of renewable energy sources and to preserve tropical forests.
Germany also donated 23 million euros ($25.7 million) to help Brazil establish a rural land registry aimed at enhanced monitoring of deforestation.
($1 = 0.8932 euros)
(Editing by Dan Grebler, Bernard Orr)
http://uk.reuters.com/article/2015/08/21/us-brazil-germany-climatechange-idUKKCN0QQ06320150821

RENEWABLE ENERGY: INDIA: Government Approved Proposed Master Plan to Develop 50 Solar Cities

Out of the proposed 60 solar cities, sanctions have been issued for 50 cities that include New Delhi, Agra, Chandigarh, Gurgaon, Faridabad, Amritsar, New Town ( Kolkata), Howrah, Madhyamgram, Kochi and Bhopal, according to the information available on the ministry's website.

Of these 50 cities, master plans have be ..

Read more at:
http://economictimes.indiatimes.com/articleshow/48639711.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

NEW DELHI: The ministry of new and renewable energy has approved a proposed master plan to develop 50 solar cities, including three in the national capital region.

Out of the proposed 60 solar cities, sanctions have been issued for 50 cities that include New Delhi, Agra, Chandigarh, Gurgaon, Faridabad, Amritsar, New Town ( Kolkata), Howrah, Madhyamgram, Kochi and Bhopal, according to the information available on the ministry's website.

Of these 50 cities, master plans have be ..

Read more at:
http://economictimes.indiatimes.com/articleshow/48639711.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

UPDATE: Climate Change Business Journal ®, centerpiece of business intelligence service, provides detailed market research on nine segments of Climate Change Industry

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SOURCE: Climate Change Business Journal. © 2009 Environmental Business International, Inc. (EBI). May not be reproduced without written permission from EBI, San Diego, California.

UPDATE: CHINA state power firm partners with local govt to develop CO2 credits

  

(Reuters) -The State Power Investment Corporation, one of China's big five state power producers, signed a deal with the municipal government of Jiuquan on Tuesday to develop carbon credits from the city's wind and solar power plants.The partnership, the first of its kind, will give the state-owned company the opportunity either to buy carbon credits generated by local renewable energy projects or sell them to other market participants.The city of Jiuquan, home of some of China's largest wind and solar power plants, will offer the credits generated by 23 solar power projects in a single package."We will set up an institution to manage the first batch of 23 solar projects, small ones that are in need of external financing, and will aim to sell on carbon exchanges where prices are higher," said Zhou Xuehai, the city's vice mayor, speaking at a press conference. Jiuquan is planning to build a total of 5 gigawatts (GW) of wind power and 1.5 GW of solar power capacity. It is looking to China's carbon markets to make the projects more profitable. "New solar projects have better chance to be allowed for compliance use. The earlier we gain a foothold, the cheaper the costs would be," said Han Shudong, chief engineer of the carbon asset management subsidiary of the state power giant.Han said the company is also looking to packaging those credits into financial products and to setting up a green fund investing in carbon-related clean projects. To provide incentives for industries to cut emissions and shift to cleaner energies, China has already set up seven local carbon exchanges and a nationwide scheme is due to go into operation at the end of next year or the beginning of 2017.Over 10,000 Chinese companies are likely to be covered in the national carbon market, and will mostly consist of big state-owned power, oil and steel making firms.China's power sector, responsible for half of the country's emissions, is at the front line of carbon trading. The Huaneng Group, China's biggest state power generator, has reported a 16.1 percent return on its 30 million yuan ($4.8 million) carbon fund launched in 2014.China's biggest oil refiner Sinopec has traded nearly 3.9 million allowances in China's pilot carbon markets, with a market value of 140 million yuan. ($1 = 6.2084 Chinese yuan) (Reporting by Kathy Chen and David Stanway; Editing by David Holmes) http://af.reuters.com/article/energyOilNews/idAFL3N10834V20150728