this is a clip from a Toronto Star article (by Tyler Hamilton) about it:
"Many of the best carbon-offset projects involve the generation of renewable power, and selling power in Ontario means signing a 20-year contract with the province's power authority under a new "feed-in tariff" program being introduced this summer.
The agency has made clear that if Ontario ratepayers are going to pay a healthy premium for wind, solar, biomass and hydroelectric power then the government expects to keep all carbon credits associated with such generation projects.
Jim MacDougall, the power authority's manager of distributed generation, argues that developers aren't being forced to sign contracts. "There's nothing stopping them from doing their own thing."
He says the high rates being paid – up to 80.2 cents per kilowatt-hour for solar, 14.7 cents for biogas, 11.1 cents for landfill gas, and 13.5 cents for wind – are designed to ensure that developers get a reasonable rate of return. In other words, the value of carbon credits is factored into the rate."
full article here: http://www.thestar.com/comment/columnists/article/650241
----- Forwarded message from richard.hellen@... -----
Date: Sat, 27 Jun 2009 20:30:18 -0000
From: Richard Hellen <richard.hellen@...>
Reply-To: feed_in_tariffs@...
Subject: [feed_in_tariffs] Help please on a FiT Basic Principle - How are the CO2 savings accounted for?
To: feed_in_tariffs@...
I have not posted here much (at all), but really appreciate the enthusiasm and depth of knowledge from the group. So here's something really basic to answer: When a government support a FiT system, how isthe resulting CO2 saving accounted for? For example, does the government concerned basically ascribe the CO2 saved to their national CO2 accounts and effectively remove them from the CO2 market, or are the project owners permitted under the FiT terms to then trade the CO2 savings?
I said it was a very basic, and perhaps dumb question, but your help wouyld be appreciated. Any links to specific national FiT legislation would also be great.
Thanks
Richard Hellen
----- End forwarded message -----
I have not posted here much (at all), but really appreciate the enthusiasm and depth of knowledge from the group. So here's something really basic to answer: When a government support a FiT system, how isthe resulting CO2 saving accounted for? For example, does the government concerned basically ascribe the CO2 saved to their national CO2 accounts and effectively remove them from the CO2 market, or are the project owners permitted under the FiT terms to then trade the CO2 savings?
I said it was a very basic, and perhaps dumb question, but your help wouyld be appreciated. Any links to specific national FiT legislation would also be great.
Thanks
Richard Hellen
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