- California utilities get CO2 market rules, could face restrictions
- California’s largest power companies are a step closer to participating in the state’s CO2 market following the release of trading guidelines by the state on Tuesday.
Wed, 22 Feb 2012 19:24:58 GMT - IMO to discuss CO2 curbs for ships, industry frets
- The International Maritime Organization will next week debate market-based measures to cut greenhouse gas emissions from ships, but the world's major shipping associations on Wednesday said the timing is not right for such measures to be applied.
Wed, 22 Feb 2012 17:38:39 GMT - Foes of EU airline CO2 rules agree on tactics
- Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war.
Wed, 22 Feb 2012 17:34:00 GMT - EUAs retreat from near two-month high
- EU carbon failed to hold on to gains posted earlier on Wednesday and closed 0.9 percent lower despite stronger energy prices.
Wed, 22 Feb 2012 17:31:00 GMT - ANALYSIS: Horse-trading jeopardises EU set-aside plan
- MEPs could yet drop a plan to get regulators to cut supply of permits in the bloc's CO2 market in return for political agreement to take tougher action on energy efficiency – a move that would crush carbon prices and hit the profits of developers of emission reduction projects.
Wed, 22 Feb 2012 17:19:50 GMT - Austria lines up two EUA auctions in April
- Austria will sell 400,000 EU carbon permits in two spot auctions in April hosted on Dutch bourse Climex, an official at the country’s emissions registry said on Wednesday.
Wed, 22 Feb 2012 16:06:53 GMT - Greenstream ditches China fund plans amid weak prices
- Carbon offset investor Greenstream has abandoned plans to launch a 200 million-euro, China-focused clean energy fund due to waning investor appetite, a company official said Wednesday.
Wed, 22 Feb 2012 15:56:09 GMT - Bunge agrees to buy Climate Change Capital
- U.S. agricultural commodity trader Bunge has finalised a deal to buy UK-based environmental investor Climate Change Capital (CCC), the firms said in a joint press release on Wednesday.
Wed, 22 Feb 2012 12:39:19 GMT - South Africa to introduce carbon tax
- South Africa is looking to introduce a carbon tax next year to reduce harmful greenhouse gas emissions, although nearly two-thirds of emissions will be tax-exempt until 2020 to lessen the impact on industry, the treasury said on Wednesday.
Wed, 22 Feb 2012 12:27:13 GMT - Ukrainian exchange to auction 9.8 mln ERUs on Friday
- Kiev-based commodity bourse the First Independent Exchange will on Friday auction 9.8 million international carbon credits from a Ukrainian emission reduction project, the exchange said on its website.
Wed, 22 Feb 2012 11:25:11 GMT - Value of global CO2 market to plummet 36 pct in 2012
- The value of the global carbon market is set to fall 36 percent year-on-year to 61 billion euros in 2012 despite a 13 percent increase in traded volumes, analysts at Thomson Reuters Point Carbon said on Wednesday.
Wed, 22 Feb 2012 10:40:12 GMT - PG&E switches to gas, cites CO2 market as impetus
- California’s largest emitting utility company has signed new contracts that will close five CO2-intensive power plants, a move that could give it a leg up in the state’s emerging CO2 market.
Wed, 22 Feb 2012 05:55:29 GMT - Spot exchange for Alberta CO2 to launch in March
- A Calgary-based offset exchange will launch a new platform in mid-March for trading carbon offset credits for use under Alberta’s climate change regulations, which entered into their sixth compliance year in January.
Tue, 21 Feb 2012 22:19:45 GMT - Russia leads attack against EU airline CO2 law
- Russia has joined countries considering tit-for-tat legislation to counter a European Union law that forces airlines to pay for carbon emissions, its transport minister said on Tuesday at the start of a Moscow meeting of countries opposing the EU scheme.
Tue, 21 Feb 2012 21:08:49 GMT - Denmark urged to do more to meet 2020 GHG cap
- The International Energy Agency (IEA) on Tuesday urged Denmark to step up its emission reduction efforts to meet its 2020 goal to cut emissions, a move that could lead to greater demand for carbon credits.Tue, 21 Feb 2012 17:49:19 GMT
- Latin American bank approves $100 mln loan for green projects
- The Inter American Development Bank (IDB) has loaned $100 million to Brazilian bank Itau to help it finance clean energy and energy efficiency projects in six South American countries.
Tue, 21 Feb 2012 17:08:43 GMT