Volume 6 / Issue 92 / Friday, May 14, 2010
UK’s Huhne may oversee new
Platts daily EUA assessments, May 13 (€/mt)
nuclear despite previous objections
— The UK’s new Energy and Climate Change
Secretary, Chris Huhne said in a BBC radio interview Thursday it
was possible he could oversee new nuclear power station
construction, despite previously opposing such a move, but only
if power companies were willing to go-ahead without
Monthly Rolling Average
Huhne, a Liberal Democrat and former journalist and
economic adviser to major pension firms, wrote in an article in
Forward market daily assessments: The low end of the range reflects prices for
the Guardian newspaper June 20, 2006 that “the reality is that
larger parcels, while the upper end reflects prices for smaller parcels. The typicalsize range is 5,000 to 50,000 mt. Monthly Rolling Average: This is a mathematical
nuclear is a tried, tested and failed technology.”
average of assessments for the most actively traded contract each month, usually
But Huhne said Thursday it was up to the nuclear industry to
decide whether it could build nuclear power stations withoutnew public subsidies.
“They do say they can but that remains to be seen because
Platts daily CER assessments, May 13 (€/mt)
no new nuclear power station has been able to be built without
public subsidy for a very, very long time,” Huhne said.
“If they come up with a plan that genuinely involves no
public subsidy, and that’s the agreement of the coalition
government.then they will put it through the normal nationalplanning process under a new national planning statement.and
Monthly Rolling Average
EUAs go up on little
Platts daily EUA/CER spread, May 13 (€/mt)
volume and limited trading
December 2010 EU Allowance prices went up Thursday
compared to closing levels for the contract Wednesdayof €15.74 per metric ton as traders said Thursday that
EU CO2 price trend
volumes changing hands on the day over electronic exchanges andOTC were low along with trading activity overall as many carbon
traders were not working due to national holidays in a number ofEuropean countries that are set to continue through Friday.
Several traders said Thursday that 2010 EUAs opened around
€15.72/mt and traded in a tight range all day between €15.74/mtand €15.62/mt for most of the day, breaking out at the end of
the day as the traders said many market players were working tosquare their positions away ahead of Friday, when many of the
European traders said they would not be at their desks.
One trader said that slightly weaker German Cal 11 power
prices Thursday contributed to sluggish 2010 EUA prices.
German week-ahead base was €0.70 lower Thursday at
The McGraw Hill Companies
€44.70/MWh as wind power was expected to increase early
Generating fuel cost comparisons, Europe (May 13)
In the German forward market, activity was also fairly
limited due to the bank holiday with June base heard €0.70
lower than Wednesday’s close at €46.10/MWh and Cal 11 base€0.40 down at €51.35/MWh.
UK Baseload (£)
December 2010 EUAs were quoted at €15.82 at the close of
CERs go down
on little volume, trading
NW Europe Baseload (€)
Prices for Certified Emission Reductions for December
2010 delivery went down Thursday compared to
closing level for the contract Wednesday of €13.53
per metric ton as traders said Thursday that little market activitydue to public holidays in many European countries.
The value of the 2010 CER/EU Allowance swap Thursday
blew out by €0.11, climbing from €2.21 at the close of trading
Wednesday to €2.32 Thursday reflecting contangoed 2010 EUA
NW Europe/UK Peak load
prices on the day and slightly declining 2010 CER values.
December 2010 CERs were quoted at €13.50 at the close of
Fuel Oil 1%S
Fuel Oil 3.5%S
UK nukes .
from page 1
the proposal will go forward in the normal way,” he added.
Note: Based on typical kg CO2/mmBtu rates of 101.5 for coal, 55 for natural gas,
“We are committed in the Liberal Democrat side of the
and 72.5 for oil; and on generating efficiencies of 49% for UK gas plant, 54% for
coalition that we will not vote against that. So if there is the
western Europe gas plant, 34% for all coal plant, and 32% for all oil-fired plant.
Benchmark coal and distillates are priced at ARA. Details of methodology at
majority in parliament in favor of a particular proposal—and
there are an awful lot of ifs’ here—then new nuclear will goahead,” Huhne said.
While compromises had been made by both sides on a
range of issues to achieve the coalition accord, there was
in the European Union of generating electricity from
complete agreement on the rejection of public money for new
“We’ve got to get renewables way up, we’ve got to make
“First and foremost there is absolutely no disagreement
sure we are much more energy efficient,” he added.
between us on the key principle that there will be no public
Huhne’s appointment was welcomed by the Renewable
Energy Association, but the lobby group said further policy
“Now if it turns out that for the first time in decades a
consortium is prepared to build a nuclear power station without
“The appointment of Chris Huhne should be good news for
public subsidy then that will in all probability go ahead but I
the renewables industry and we congratulate him,” said REA
think there are a lot of ifs there and I do think this is a way
forward which allows the integrity of the Conservatives and
“However, today’s announcement lacks detail on a number
Liberal Democrat positions to be maintained,” he added.
of key areas, particularly renewable heat and renewable
Huhne underscored his support for renewable power
transport. We look forward to receiving further information
sources such wind, waves and tidal, and said much more
The REA said issues still outstanding included details on
“We literally have an abundance of potential for renewable
how the new renewable heat incentive to be introduced in
energy, but yet we have one of the worst records of any country
April 2011 will be implemented and funded and a
Copyright 2010, The McGraw-Hill Companies
confirmation that the current Renewables Obligation forlarge-scale renewables will remain alongside the new
EUROPEAN EXCHANGE DATA
electricity feed-in-tariffs. — Darren Stetzel and Paul Whitehead
ECX/ICE Emissions data, May 13
Suspension from Kyoto
emissions trading looms for Bulgaria
— Bulgaria will likely be suspended from greenhouse
gas emissions trading as of June 30 for failing to comply with
UN recommendations, Environment Minister Nona Karadzhova
The UN Compliance Committee of the Kyoto Protocol has
taken a preliminary decision to revoke Bulgaria’s accreditation
to trade in GHG emissions, which is likely to be definitively
confirmed on June 30, the minister said.
Bulgaria’s previous government had not complied with the
Nordpool Emissions data, May 13
committee’s recommendations to bring its system for recordingGHG emissions up to scratch, she said, blasting the previous
administration for its “criminal inaction.”
The ruling will deprive Bulgaria of its right to sell an annual
40 million surplus sovereign pollution rights under Kyoto —
known as Assigned Amount Units or AAUs — which were
expected to generate up to 500 million Leva (€256 million, $322
million) and which the government was counting on to battle
It would also jeopardize companies’ trading of surplus EU
Allowances under the EU Emissions Trading System, which the
European Commission just approved in late April.
Karadzhova expressed hopes Thursday that industries would
be able to trade at least some of their surplus carbon credits by
EEX Emissions data, May 13
June 30, when the ban would come into force.
The government, however, would not be able to do this as
parliament has yet to pass key legislation regulating carbon
Karadzhova said she hoped to restore the country’s
European Carbon Futures (Early December)
Under the Kyoto Protocol, Bulgaria agreed to cut its GHG
emissions by 8% compared with its 1990 level by 2008-2012
European Carbon Futures (Mid December)
and emit no more than 130 million metric tons of CO2
Certified Emission Reductions Futures (Early December)
Polish companies against EC’s
30% emissions cut: industry group
Certified Emission Reductions Futures (Mid December)
— Polish industries are opposed to the European
Commission’s proposal to hike the EU’s CO2 emissions
reduction target from 20% to 30% by 2020, because it could
slow the country’s economic development and prompt plants tomove abroad where climate rules are not binding, a Polish
Climex Spot Emissions data (€/mt), May 13
“We are of the opinion that it is a dangerous initiative for
the competitive edge of Polish and European industries,” said
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Forum CO2, an association which groups 12 industrial sectors
Bluenext Emissions data, May 13
including electricity and heat generating companies.
“The plan may slow development of industries, trigger
leakage of many plants abroad and cause many negative
economic consequences,” the Warsaw-based group said.
The statement came two days after EU Climate Action
Commissioner Connie Hedegaard made a statement
The Forum CO2 statement was sent to Poland’s
environment minister Andrzej Kraszewski, economy minister
Waldemar Pawlak, and chairman of the European Parliament
Kraszewski earlier said that his government would be
EUA forward curve
against the increased target of 30%.
“We call on the European Commission to stop producing
this kind of initiatives which create additional business risks
and social tensions,” said Forum CO2.
“It would be better if the EC focused on negotiations
leading to conclude the international agreement specifying a
According to Forum CO2, the launch of the proposal by
the EC came at the most inappropriate time.
“It is a destabilizing proposal which has surfaced in a time
when the macroeconomic situation of the EU member states
is difficult and when all the countries are trying to overcome
the global financial crisis,” it said.
The EC broadly considers that ambitious emissions
reduction targets will help spur the development of low-carbon industries, making Europe a leader in new growth
CER forward curve
Environment ministry spokeswoman Magda Sikorska said
the government is expected to make clear its official position onthe issue at the next weekly session on May 18. — Bogdan Turek
German opposition party SPD in
talks with Greens after state vote
— Germany’s main opposition party, the SPD, has
started coalition talks with the Green party to form a new
regional government in the state of North Rhine-Westphalia,
but needs wider support as a so-called ‘red-green’ coalition isstill one seat short of a majority.
liberal faction in the Dusseldorf-based assembly said
Chancellor Angela Merkel’s CDU plunged to its worst
result in over 60 years in Sunday’s state vote,1 while its
The new Left party has for the first time gained seats in
current coalition partner at both federal and regional level,
the assembly, but has been shunned so far by mainstream
the liberal FDP only got 12 seats, falling below the vote for
political parties due to its radical policies and alleged links to
the former communist party in East Germany.
SPD and Green party chiefs said late Wednesday in
Should the SPD and the Greens fail to achieve wider
Dusseldorf that they would first invite the FDP and then the
support, a so-called ‘grand coalition’ between SPD and CDU
Left Party for further talks to gain majority support in North
will be the most likely outcome, according to media reports.
Rhine-Westphalia, German media report Thursday.
In any case, the CDU’s defeat in Sunday’s elections means
However, the FDP has rejected the prospect of any talks
that Chancellor Merkel’s federal coalition has lost its majority
with an SPD/Green alliance unless they categorically exclude
in parliament’s upper chamber, the Bundesrat, which may
negotiations with the radical Left party, the head of the
undermine her government’s plans to extend the lifespan of
Copyright 2010, The McGraw-Hill Companies
starting with electric power in 2013. Electric utilities would be
However, opinion is split between legal experts whether a
able to trade emission allowances to help them meet a
reversal of Germany’s nuclear-phase-out law needs the
tightening emissions cap. The bill provides free tradable
approval of the Bundesrat. The law was enacted in 2002 by
allowances to cover all the sector’s carbon emissions for the
Chancellor Schroeder’s SPD/Green coalition without going
program’s first couple of years and sets a $12-$25/ton price
collar around the allowances in the carbon market, two key
The federal government currently models four nuclear-
extension scenarios including a 28-year extension until 2050,
Compared to the climate bill that passed the House of
but will not decide on the matter until October, when it plans
Representatives in 2009, Kerry-Lieberman provides more free
to present a new national energy concept. — Andreas Franke
allowances to the electric power sector and a collar aroundthe carbon price for utilities not included in the House bill.
The bill’s price collar, however, “escalates fairly high” at
5% with inflation and the allocation formula to utilities of75% based on a power plant’s historical emissions and 25% ontheir retail volume differs from the 50-50 split agreed to by
IOUs urge passage
EEI, Kuhn said. But the issues are not showstoppers, he said.
“The industry as s whole gave me permission to stand up
of US Senate climate bill
here and support it moving forward and that included allaspects of the companies that were part of our negotiations
— The Edison Electric Institute, Duke Energy
and FPL Group Wednesday came out in support of moving
Rogers also said that the bill “needs some work” but Kerry
landmark legislation this year to put a price on US industry
and Lieberman provided the right structure for business
emissions of greenhouse gases with provisions to ease the
certainty during a transition to a low-carbon economy.
transition to low-carbon fuels and hope to find ways to sway
“The bill has the right framework but I still think there is room
to tweak a little here, tweak a little there because you need that
Senators John Kerry, a Massachusetts Democrat, and Joe
room to tweak to bring different people on board,” said Rogers.
Lieberman, an Independent Democrat from Connecticut,
Once lawmakers understand the bill’s transition
unveiled their 987-page bill with fanfare from the large
mechanisms to protect consumer costs, they are “going to get
electric utilities that have negotiated cost-containment
comfortable that a vote for this won’t undermine their ability
Tom Kuhn, president of EEI, the investor-owned electric
Exelon CEO John Rowe on Wednesday put the odds of the
power sector, Duke Energy CEO Jim Rogers and FPL Group
Senate passing energy and climate change legislation this year
CEO Lew Hay flanked Kerry and Lieberman as well as the
at less than 25% “but more than 5,” but also said that “those
environmental organization and business leaders during a
odds can change if a few people want them to.”
news conference to present the bill that sets GHG reduction
He made his comments to reporters after a speech at the
targets of 17% below 2005 levels by 2020 and 80% by 2050.
Washington think-tank Resources for the Future. Rowe said he
Kuhn and Rogers highlighted the positive elements of the
was invited to join Kerry and Lieberman at the unveiling of
bill but conceded that there is room for improvement if the bill
the bill, but it conflicted with his commitment to the RFF
is to garner the support of Republicans and moderate Democrats
to achieve the 60 votes it must have to clear the Senate.
“I think the odds are very small since Senator [Lindsey]
“We need to find ways to attract Republicans” and sell the
Graham felt unable to work on it more at the present time,
legislation to 15-17 moderate Democrats from fossil-fuel-
but he still’s got his heart in it and if Senator Graham comes
producing states, Rogers told reporters following the news
back it still could happen,” Rowe told reporters.
But the 13-member Midwest Climate Coalition said it
Kuhn and Rogers praised South Carolina Republican
would be “imprudent” to take a position on the legislation.
Lindsey Graham for his early contributions to the bill,
The group includes Alliant and Integrys.
including funding for CO2 capture and sequestration
“We strongly believe that senators from the Midwest
technology. But Graham abandoned the bill in April after a
should also know how their constituents and local economies
riff with Senate leaders over immigration reform legislation,leaving the climate bill without a GOP cosponsor.
“It is important to get a bill that does have bipartisan
support,” Kuhn said. “Every energy-and-environmentlegislation that passed in the last 20 years passed with
bipartisan support. I think there are going to have to be lot of
The bill takes a sector-by sector approach to cap GHGs
Copyright 2010, The McGraw-Hill Companies
will be impacted by this bill in 5, 15, and 25 years by seeking
avoid covering many small facilities.
the state-specific answers to these important questions before
The proposal will cover facilities that are responsible for
pledging their support,” the coalition said in a statement.
70% of GHG emissions from stationary sources. — Gerald Karey
US EPA says regulation
of GHGs to begin in 2011
Israel’s Environmental Protection Ministry has issued a tenderto find a company to advise it on implementing technology for
— The US Environmental Protection Agency on
reducing air pollution from public transport as well as utilizing
Thursday said it will begin regulating in January greenhouse gas
CDM credits as part of an effort to switch to electric transport,
emissions from permitted facilities – including coal-fired utilities
according to a ministry spokesman. The ministry said Thursday
and refineries — that increase those emissions by at least 75,000
that by next year it plans to impose strict standards on
polluting buses and taxis under the country’s Clean Air Law.
The agency said that the facilities will be required to include
Initially public transport in the Tel Aviv region will gradually
GHGs in their Clean Air Act permits for other pollutants. In July
switch to non-polluting vehicles over the next few years. As part
2011, the rule will be extended to cover all new facilities with
of the measures being planned, Environmental Protection
GHG emissions of at least 100,000 tons/yr and modifications to
Minister Gilad Erdan plans to introduce the use of hybrid or
existing facilities that would increase GHG emissions by at least
electric taxis in Tel Aviv. During a visit to China last week Erdan
visited BYD, the world’s second largest battery manufacturer to
To receive a permit, operators must demonstrate they are using
discuss the company’s latest developments in the electric
the best available control technologies to minimize GHG emission
vehicle field. The Chinese company has upgraded its batteries
increases when their facilities are built or significantly modified.
and they now have a 330 kilometer range. The switch to non-
When EPA first proposed the so-called tailoring rule, it set
polluting public transport in Tel Aviv is part of a plan that will
the threshold at 25,000 tons/yr, but increased the baseline to
include all of Israel’s major cities in the coming years.
Volume 6 / Issue 92 / May 14, 2010
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De afbakening tussen geneesmiddelen en levensmiddelen: een onderscheid van elastiek? Gerard van der Wal en Freya van Schaik* Inleiding In de praktijk rijst regelmatig de vraag of een product een geneesmiddel is of een ander product, zoals een levensmiddel of een cosmetisch product. De afbakening tussen geneesmiddelen en andere producten is in het bijzonder relevant, omdat het wettelijke regi
Hair shedding is part of a normal hair-growth cycle. At any given time, 90% of scalp hair is in a 2 to 6 year growth phase; 10% is in a 2 to 6 month dormant phase. When the dormant phase ends, hair is shed. New hair subsequently emerges from these follicles. Throughout a normal growth cycle, many hairs are shed. Loss of 50 to 100 hairs daily is not cause for alarm. Noticeable thinning indica