November 5, 2013 by CaliforniaCarbon.info
CaliforniaCarbon.info, 05 November 2013: Entities and facilities mandated to report their greenhouse gas emissions have reported a 2% increase in the emissions in 2012. The total emission reported by the California-based facilities increased by 12% while emission attributed to electricity imports and fuel suppliers fell by 1.4%.
Significant increase in GHG emissions were reported in the in-state electricity generation sector while marginal increase was reported in the cement sector and other industrial combustions operations. Emissions in the in-state electricity generation sector rose by over 35% on account of increased use of natural gas-based electricity following the shutdown of the San Onofre Nuclear Generating Station.
According to the Air Resources Board, the increased emissions noted in some other sectors may be attributed to the fact that about 100 new facilities have been brought under the mandatory reporting rule.
A large number of the entities covered under the mandatory reporting rule are also compliance entities under the cap-and-trade scheme. Twenty of the largest emitters in the state reported a marginal decline in total GHG emissions. The 20 largest emitters in 2012 were responsible for about 66.5% of the total emissions reported to the ARB. Emissions from these entities were 1.4% lower than the total emissions reported by the twenty largest emitters in 2011.
The prices of California Carbon Allowances (CCAs) in the secondary market showed little to no immediate response to this data. Prices of most of the benchmark instruments dropped marginally by about 2 cents.
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