“Long the bete noir of conservationists, paper and forest companies are using the climate debate to try to recast themselves as environmental champions, caretakers of natural resources capable of sucking large quantities of heat-trapping carbon dioxide out of the atmosphere.”

“First among them, the likely share of fresh government funding for this wood-based electricity, an estimated $55 billion, exceeds the current market cap of the entire publicly held US forest products industry today. And the proposed new incentives exclude the many billions of dollars of private funding required in new projects. As such, wood energy investments could dwarf traditional paper and lumber in just the next five years – almost an imponderable outcome. Also, new funding for the vast transportation fuels sector, including cellulosic ethanol, is yet to be spelled out by the president-elect, but could rival his electricity investments.”

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The United Nations has issued credits to three projects in India for emissions reductions from renewable energy and energy efficiency.

• A new 8-megawatt grid-connected biomass plant in state of Chhattisgarh in central India, below Uttar Pradesh, received 47,482 credits.
• The UN also issued credits to Germany for a 4.5 MW grid-connected hydroelectric power plant in Himachal Pradesh in northern India. The Maujhi project received 7,507 credits for 2007 and had banked 21,881 credits since July 2004.
• The third set of credits went to the United Kingdom for energy-efficiency improvements at ITC Paperboards & Specialty Papers in Andhra Pradesh, about 300 km from Hyderabad. The project made efficiency improvements at its pulp-and-paper mill, which is one of the largest in India. Those upgrades have reduced energy consumption by 13.38 gigawatt-hours a year. The UN issued 2,056 credits to the paper mill, which also generates power using steam. Additionally, black liquor solids from wood pulp, a byproduct of the paper mill, is a climate-neutral fuel, according to the Intergovernmental Panel on Climate Change. The mill has received 13,314 credits since April 2002.

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“THE NSW Government is warning that vital state industries, including coalmining, goldmining and electricity generation, could be damaged by the federal plan to cut greenhouse gas emissions.
[ … ]
But the submission says NSW “has concerns about the eligibility for assistance” and the “adequacy of assistance” for the state’s coalmining, pulp and paper industries and goldminers. Echoing complaints by industry and the Federal Opposition, NSW says long-awaited Treasury modelling on the effect of the federal scheme needs to be available before it can finalise its position.”