SAO PAULO, Oct 22 (Reuters Point Carbon) – Costa Rica has created a new financial institution to handle the expected trading of carbon credits among companies and public institutions that have joined the country’s aim to reach zero carbon emissions.
LONDON, Oct 22 (Reuters Point Carbon) – European carbon prices rebounded on Tuesday after hitting a seven-week low earlier and losing more than 10 percent the previous day, but some market participants warned of more weakness ahead.
LONDON, Oct 22 (Reuters Point Carbon) – South Korea’s government has told the country’s top emitters to cut their greenhouse gas emissions by 2.8 percent year-on-year in 2014 to help the nation hit its self-imposed 2020 CO2 target, local media reported on Tuesday.
LONDON, Oct 22 (Reuters Point Carbon) – EU carbon prices remain under pressure and could test the 4.30 euro mark with the onset of heavy supply expected to hit the market from next month, UniCredit said on Tuesday.
LONDON, Oct 22 (Reuters Point Carbon) - The EU on Tuesday auctioned 3.462 million spot carbon permits for 4.64 euros each, traders said.
LONDON, Oct 21 (Reuters Point Carbon) – Spain acted lawfully in imposing a tax on its power producers to recoup windfall profits they had earned by passing on to consumers the cost of carbon permits they got for free, an EU court found.
LONDON, Oct 21 (Reuters Point Carbon) – European carbon prices dropped more than 10 percent on Monday, giving back recent gains as traders dumped holdings after the market “overreacted” to comments made by German Chancellor Angela Merkel last week.
LONDON, Oct 21 (Reuters Point Carbon) – The Netherlands wants to give 624 million euros ($852.43 million) to its energy intensive industries over the next eight years to compensate them for higher power costs resulting from the EU Emissions Trading System, a government official said Monday.
LONDON, Oct 21 (Reuters Point Carbon) – Efforts by European politicians to put the EU at the forefront of the global fight against climate change are “counterproductive”, according to Poland’s Environment Minister Marcin Korolec, who will host this year’s U.N. climate negotiations.
LONDON, Oct 21 (Reuters Point Carbon) – A carbon trader turned UK parliamentary candidate has slammed Europe’s Emissions Trading Scheme, saying it costs British consumers billions and should be “switched off” because the bloc is set to overshoot its CO2 reduction targets.
LONDON, Oct 21 (Reuters Point Carbon) - Poland sold 3.66 million spot carbon permits for 4.78 euros each on Monday, a trader said.
BEIJING, Oct 21 (Reuters Point Carbon) - Investment in carbon-cutting schemes in Australia’s forestry, agriculture and waste sectors has failed to take off amid lingering doubts over whether the new government will favour such programmes in its efforts to tackle climate change.
LONDON, Oct 21 (Reuters Point Carbon) - The EU sold 3.46 million carbon permits at 4.94 euros each on Monday, a trader said.
LONDON, Oct 18 (Reuters Point Carbon) – European carbon prices notched their best week since early September, rising more than 11 percent on positive comments from lawmakers, but traders warned the market’s focus will now return to the heavy supply still to come this year.
LONDON, Oct 18 (Reuters Point Carbon) – Carbon dioxide emissions from France’s electricity sector were unchanged in the first nine months of 2013 compared to a year earlier, as more energy from renewable sources offset a 3 percent rise in overall power generation, preliminary data showed.
SAN FRANCISCO, Oct 17 (Reuters Point Carbon) – California’s benchmark carbon contract (CCA) climbed as high as $12.15 a tonne this week before retreating to $12.07/t on Thursday following the release of a proposal that would give free permits to certain power generators for a longer period of time.
LONDON, Oct 17 (Reuters Point Carbon) – A British man jailed for his part in a 38-million pound ($61.4 million) tax fraud relating to Europe’s carbon market has been ordered to repay nearly 13 million pounds to UK tax authorities, or face another 10 years in prison, Britain’s revenue and customs agency said Thursday.
LONDON, Oct 17 (Reuters Point Carbon) – EU carbon on Thursday retreated from the previous day’s three-week high as positive sentiment over an EU plan to delay permit sales gave way to concern that fresh permit auctions would inundate the market.
LONDON, Oct 17 (Reuters Point Carbon) – Finland’s carbon dioxide emissions from electricity generation jumped 47 percent in the first nine months of the year as the country’s coal-fired power sector raised output, preliminary industry data showed Thursday.
LONDON, Oct 17 (Reuters Point Carbon) The EU sold 3.4615 million spot EU carbon permits on Thursday for 5.27 euros each on EEX, a trader said.
BEIJING, Oct. 17 (Reuters Point Carbon) - Spot permits in New Zealand’s emissions trading scheme fell 7 percent this week to close Thursday at NZ$3.95, as dwindling interest from buyers forced offers lower.
LONDON, Oct 16 (Reuters Point Carbon) – Regulating emissions from airlines flying in EU airspace will only marginally increase demand for carbon permits under the bloc’s Emissions Trading Scheme (ETS) and will not impact prices, an analyst said.
LONDON, Oct 16 (Reuters Point Carbon) – The Netherlands will meet its 2008-2012 emissions target under the U.N. Kyoto Protocol without using 14 million carbon offsets it bought from industrial gas projects, a government spokeswoman confirmed on Wednesday.
BEIJING, Oct 16 (Reuters Point Carbon) –Attempts by Australia’s conservative government to repeal the naton’s carbon price could cost the country billion of dollars and is delaying investment, analysts and lobbyists said Wednesday.
WASHINGTON, Oct 15 (Reuters Point Carbon) - The governor of Washington said Monday he wants to implement an economy-wide carbon market and a phase-out of coal power to cut growing carbon emissions in the northwestern U.S. state.
LONDON, Oct 15 (Reuters Point Carbon) – Six EU member states have refused to support a Danish initiative to ban the use of controversial U.N.-approved carbon credits to meet national greenhouse gas emissions targets, two environmental campaigners said late on Monday.
LONDON, Oct 15 (Reuters Point Carbon) – European emissions allowances surged for a second day on Tuesday, topping 5 euros for the first time in a week on optimism from EU member states surrounding a plan to lift carbon prices.
LONDON, Oct 15 (Reuters Point Carbon) – Norway plans to earmark 520 million kroner ($86.4 million, 64 million euros) on carbon credits from next year in an effort to help it meet its climate goal under the Kyoto Protocol, a government official said Tuesday.
LONDON, Oct 15 (Reuters) - The European Union sold 3.462 million spot EU carbon permits from the third phase (2013-2020) of its emissions trading scheme on EEX at 5.07 euros a tonne each on Tuesday, the bourse said.
BEIJING, Oct 15 (Reuters Point Carbon) – Australia’s conservative government on Tuesday published draft legislation that, if adopted, would make it the first national government to scrap laws forcing companies to pay to emit carbon dioxide, the main gas blamed for man-made global warming.