David Hone
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I have always worked in the energy sector and have had a long-term interest in environmental issues. My earliest experience in this area was through an article in our school science magazine on the destruction of the ozone layer. I combine my work as a climate change adviser for Shell, with my responsibilities as Chairman of the International Emissions Trading Association (IETA). I also work closely with the World Business Council for Sustainable Development and have been a lead contributor to many of its recent energy and climate change publications. The most recent of these discusses the role of a carbon price in an economy.

After graduating as a chemical engineer, I started my working life as a refinery engineer in Australia during another period of very high oil prices when energy efficiency was paramount. I then spent a period in the Netherlands, before returning to Australia to become involved with another side of the oil industry, energy economics and supply. This led to a move to London as an oil trader for Shell followed by a time managing the global trading and chartering of Shell’s crude oil tanker fleet. In 2001 I took up my current role and haven’t looked back since.

Blog Entries by David Hone

400 PPM and Counting

(1) Comments | Posted 16 May 2013 | (23:36)

The first full day of 400+ ppm CO2 as recorded at Mauna Loa in Hawaii last week produced an outpouring of sentiment and grief from many, but the news has seemingly passed. Unfortunately, the arrival of such a day had become inevitable. Since the early days of the Keeling...

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The Climate Bubble Reality Check

(0) Comments | Posted 3 May 2013 | (00:18)

In recent months there has been a renewed look at the idea of a financial carbon bubble, or unburnable carbon reserves. Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate Change (London School of Economics),...

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The Top 10 Reasons for Voting 'Yes' to 'Backloading'

(0) Comments | Posted 11 April 2013 | (00:36)

After a day in Brussels listening to European MEPs, it is clear that the Parliament vote next week on the Commission proposal to backload the auctioning timeline in Phase III of the European Emissions Trading System (EU ETS), is going to be very close. This is a policy proposal that was...

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Mixed Messages on Energy and Climate Change

(0) Comments | Posted 5 April 2013 | (22:36)

The Easter break provided a good opportunity to catch up on some recent climate stories, but the current messages delivered by the various media and other outlets vary enormously with a bewildering array of assertions and counter claims.

The continued arguments about the "pause" or otherwise in global...

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An Open Letter to the EU Parliament Environment (ENVI) Committee

(0) Comments | Posted 17 February 2013 | (23:14)

Dear ENVI Committee,

On 19 February you have to make an important decision on the future of the EU ETS. The Commission has proposed that 900 million allowances due to be auctioned at the beginning of this phase of the ETS be held back and returned to the market before...

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Has Global Warming Stopped?

(2) Comments | Posted 13 January 2013 | (23:21)

In a report released just before Christmas, the UK Met Office lowered its decadal forecast for the expected average global temperature. The press release noted that:

 Global average temperature is expected to remain between 0.28 °C and 0.59 °C (90% confidence range) above the long-term (1971-2000) average...

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COP18 - Largely Administrative, but With a Sting in the Tail

(0) Comments | Posted 11 December 2012 | (21:18)

Albert Einstein once said that "The definition of insanity is doing the same thing over and over again and expecting different results". So it was that I spent the last few days in Doha, perhaps anticipating that something might just be different this time around - after all there were...

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Expectations for COP18 in Doha

(0) Comments | Posted 26 November 2012 | (21:42)

This week sees the start of the 18th Conference of the Parties of the UNFCCC, or COP18 for short, in Doha, Qatar. This should be a busy transitional COP, with much on the agenda to resolve and important steps forward being taken toward a long term international agreement. But procedural issues,...

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A Simple Choice - 4°C or a Carbon Price

(2) Comments | Posted 20 November 2012 | (08:56)

As if following on deliberately from the PWC report which I wrote about last week, come two new initiatives announced this Monday.

The first is a report from the World Bank and is the...

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Time to Think in 3D About Arctic Sea Ice

(0) Comments | Posted 10 October 2012 | (22:21)

The recent rash of news alerts about the all-time-low, end of summer, Arctic sea ice extent has certainly given new food for thought about the state of the climate. Of course we shouldn't be entirely surprised by this state of affairs as more rapid warming at the poles was anticipated...

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The Bureaucracy in Europe Blinks

(0) Comments | Posted 26 July 2012 | (21:20)

A year ago as the EU ETS price showed clear signs of a second step change downwards (in 2008/9 from €25 to €15 then in 2011 from €15 to €7), the EU Commission was resolute in its view that the mechanism was working, that it was responding to changes in...

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The Plight of CCS in the EU

(0) Comments | Posted 18 June 2012 | (00:13)

Last week I attended the quarterly review meeting of the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP), a coalition of stakeholders united in their support for CO2 Capture and Storage (CCS) as a key technology for combating climate change. ZEP serves as advisor...

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Oil Sands and Rising Atmospheric Carbon Dioxide

(1) Comments | Posted 25 May 2012 | (00:45)

In a recent New York Times opinion piece, NASA climate scientist James Hansen again puts forward his very compelling argument for strong action on limiting global CO2 emissions. Some observers have challenged his thinking, but the warnings he has given over the last thirty years have...

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Broadening the EU ETS debate

(0) Comments | Posted 3 May 2012 | (16:27)

The ongoing debate in Europe about the current state of the Emissions Trading System (ETS) and the low carbon price outlook is gaining momentum and importantly gaining advocates for action. In response, Commissioner Hedegaard announced a much earlier than planned review of EU auctioning, which could potentially pave the way...

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Is the First Offer the Best?

(0) Comments | Posted 12 April 2012 | (20:58)

Energy policy development over the last decade has shown one thing for certain, governments the world over are persistent in their desire to alter the energy mix and/or at least begin to manage emissions. Whether this is purely for environmental reasons or for concerns about energy security or perhaps...

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Starting to Understand Extreme Weather

(1) Comments | Posted 5 April 2012 | (00:40)

With a new report from the IPCC on managing the risks associated with extreme weather and continued weather phenomena attracting media attention, it is important to attempt to get to grips with the science and statistics behind this rapidly emerging field of research. Back in January 

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Five Short Stories From the World Energy Outlook

(2) Comments | Posted 1 April 2012 | (23:43)

The IEA's World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of  us have the time to do so in the detail required. As such we rely to some...

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The Dash (for Gas) Isn't Over Yet

(0) Comments | Posted 21 March 2012 | (20:38)

Over the weekend the UK Secretary for Energy and Climate Change, Ed Davey, announced plans to secure a continuing role for natural gas in the UK power generation sector. Mr Davey noted;

"Gas will continue to play a vital role in a low-carbon economy. Modern gas-fired power...

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Data, More Data and Climate Change

(1) Comments | Posted 15 March 2012 | (23:12)

Climate change is one of those subjects that is awash with data, leading to an almost endless capacity for analysis and ultimately conclusion drawing. The same data can be used to create different analytical output and a single analysis can lead to more than one conclusion. This comes about not...

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The Green Economy: Blessing or Curse?

(1) Comments | Posted 5 March 2012 | (21:28)

The above was the title of a panel debate hosted by the UK newspaper, the Daily Telegraph, late last week. There is a short write up in the Saturday edition of the newspaper. I was fortunate to participate in this, alongside Oliver Letwin MP, Minister of State (providing...

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