Today, the California Air Resources Board (ARB) released emissions reporting data for the 2012 calendar year. The 437 million metric tons of CO2-equivalent (CO2e) emissions was up slightly from the 429 million metric tons recorded in 2011.
ARB attributes the rise in reported emissions to increased use of natural gas as a fuel for power generation. This was the result of a decrease in available hydropower generation and a reduction in nuclear power from the closure of the San Onofre Nuclear Generating Station. In addition, around 1.4 million metric tons of emissions were reported from smaller industrial facilitiates that did not report in 2011.
More than 200,000 tons traded today on the emissions reporting news, but the market is unchanged from the Friday closing price of $12.10 for the V13 Dec13 contract.
Below you will a table with more detail on California carbon emissions by source category.
If youhave any questions regarding the emissions data or current market conditions, please contact our US Carbon team at: +1 415.963.9137 or +1 914.323.0265.
2008 - 2012 Facility and Entity Emissions
CO2e, metric tons/year
|In-State Electricity Generation||46,270,742||43,449,800||39,765,162||30,732,215||41,610,182|
|Other Combustion Sources||10,522,295||9,226,370||9,077,145||9,818,507||11,203,113|
|Refinery and Hydrogen Plants||36,724,823||34,393,790||34,754,066||34,212,970||33,755,850|
|Oil and Gas Production||11,349,054||11,237,758||10,972,797||14,591,066||15,181,254|
|Electricity Imports and Fuel Suppliers|
|Transportation Fuel and CO2 Suppliers||NA||NA||NA||171,404,802||164,568,890|
|Natural Gas, NGL, and LPG Suppliers||NA||NA||NA||101,149,851||105,646,007|
|Total Electricity Imports and Fuel Suppliers||NA||NA||NA||319,239,535||314,612,368|