carbon projects
U.N. panel smoothes path for African CO2 reduction schemes
LONDON, June 3 (Reuters Point Carbon) – Developers of emission reduction projects in ten African nations face less red tape to earn carbon credits after a U.N. panel last week agreed rule changes it hopes will re-invigorate its ailing carbon market.
Slow start, dim hopes at U.N. climate talks in Bonn
BONN, June 3 (Reuters Point Carbon) – International negotiators met in Germany on Monday for a fortnight of U.N. talks aimed at forging a new global climate pact by 2015, but observers expected little progress on key issues such as whether countries would deepen their emissions reduction pledges or how to raise cash to help poorer nations fight climate change.
EU carbon prices hold below 4 euros in thin trade
LONDON, June 3 (Reuters Point Carbon) - A four-day bull run that has seen carbon add 12 percent in value since the start of last week appeared to peter out on Monday, with allowances for delivery this year trading in a tight 17-cent range and failing to break above 4 euros.
Airlines favour global CO2 scheme after 2020
LONDON, 3 June (Reuters Point Carbon) – Airlines representing 85 percent of global traffic have called on governments to force all carriers to offset emissions above a certain level in a move they hope will avert a more costly patchwork of national carbon taxes and regulation.
Monthly CO2 trade hits 1-year low as price volatility subsides
LONDON, June 3 (Reuters Point Carbon) – European trade in United Nation carbon credits and EU CO2 permits fell to a one-year low in May, according to data compiled by Reuters Point Carbon, as permit prices largely traded in a tight range.
Aus. can deepen CO2 goal at no extra cost: report
BEIJING, June 3 (Reuters Point Carbon) – A collapse in the price of EU carbon credits means that Australia could deepen significantly its pledge to cut greenhouse gas emissions at almost no extra cost, according to a new report.
Banks, investors desert key carbon market event
BARCELONA, June 1 (Reuters Point Carbon) – Governments and voluntary offset sellers took centre stage at a major carbon market conference in Barcelona this week after banks and investors – previously amongst the biggest exhibitors at the annual event – skipped it, in part due to rock-bottom CO2 prices.
Backloading changes show MEPs remain split on CO2 fix
LONDON, May 31 (Reuters Point Carbon) – Amendments to draft law showed Friday that lawmakers remain deeply divided over EU plans to prop up carbon prices, but several changes tabled to the EU Commission’s so-called backloading bill signal some MEPs that voted against the plan could change their minds.
UPDATE 1 -EU carbon falls back after hitting 6-week high
LONDON, May 31 (Reuters Point Carbon) – European carbon prices breached 4 euros for the first time in more than six weeks on Friday, but fell back as traders closed out long positions built up after a recent bull run that has seen carbon post six days of gains out of seven.
CCAs fall to $14.45/t on lower power, nat gas prices
SAN FRANCISCO, May 30 (Reuters Point Carbon) – California carbon allowances (CCAs) for December 2013 delivery slipped 5 cents from their price one week ago and 19 cents from their peak on Tuesday as weaker energy prices dragged carbon lower, market sources said Thursday.
EU carbon creeps to 4-wk high as supply fears ease
LONDON, May 30 (Reuters Point Carbon) – EU carbon maintained its recent positive run to touch a four-week high of 3.86 euros in thin trade on Thursday after a governmental auction successfully cleared and an official indicated the EU was in no hurry to see a further 100 million permits sold.
Turkey secures $3 mln from World Bank to develop CO2 markets
BARCELONA, May 30 (Reuters Point Carbon) – Turkey has become the fifth country to receive millions of dollars under a World Bank-steered scheme to help launch pilot carbon markets, a bank official said Thursday.
EU to table CO2 market reform, 2030 target in autumn
BARCELONA, May 30 (Reuters Point Carbon) – The European Commission will this autumn recommend how the EU should reform its beleaguered carbon market and table a draft law on the bloc’s 2030 emissions reduction target, a senior official said Thursday.
Nations at odds over U.N. role in future global CO2 markets
LONDON, May 30 (Reuters Point Carbon) – Over 190 nations will meet next week in Bonn, Germany for annual mid-year talks on how to draft a new global climate pact, but debate remains bogged down on how to create rules governing a future carbon market that could make it cheaper for nations to cut emissions.
UPDATE 1-EU Commission says in “no hurry” to sell 100 mln CO2 permits
BARCELONA, May 30 (Reuters Point Carbon) – The EU is in “no hurry” to sell 100 million carbon permits set aside to help fund low-carbon projects because money raised from previous sales has yet to be spent, a senior European Commission official said Thursday.
China’s emissions trading scheme to target steel, power: official
BARCELONA, May 30 (Reuters Point Carbon) - China’s national emissions trading scheme will include emissions curbs on carbon-intensive sectors such as steel and power rather than an absolute cap on the country’s greenhouse gas emissions, an government official said Thursday.
Britain’s power output rises 2.7 pct, CO2 likely stable
LONDON, May 30 (Reuters Point Carbon) – Electricity generation in Britain rose 2.7 percent in the first quarter of 2013, according to government data published Thursday, but carbon emissions in the EU’s second biggest emitting nation likely stagnated as CO2-free power production was behind the increase.
Voluntary CO2 market value falls 11 pct despite volume rise
BARCELONA, May 30 (Reuters Point Carbon) – The value of trade in the voluntary carbon market fell 11 percent in 2012 to $523 million, as lower prices for credits outweighed an increase in the number of companies voluntarily offsetting their emissions of greenhouse gases, according to a report published Thursday.
NZ carbon steady as compliance date looms
BEIJING, May 30 (Reuters Point Carbon) - Spot permits in New Zealand’s Emissions Trading Scheme were unchanged at NZ$1.90 this week as liquidity stalled as emitters prepare to surrender permits to cover 2012 carbon emissions.
Country-City Sustainability Connections Grow Through New York’s Use of Biodiesel & Biobased Products
/EINPresswire.com/ New York, NY – New York City’s sustainability efforts are getting a boost from America’s soybean farmers and innovative manufacturers. The United Soybean Board (USB) and Empire Clean Cities are working together this week to recognize …
EU carbon climbs 2.5 pct to hit 3-wk high
LONDON, May 29 (Reuters Point Carbon) – European carbon allowances rose 2.5 percent on Wednesday to hit a three-week high, leaving the bellwether contract to close in the black for the second successive day.
Tricorona loses court battle for CDM profits
LONDON, May 29 (Reuters Point Carbon) – Sweden-based Tricorona AB will have to hand over 20 percent of profit it makes from selling carbon credits from some of its emission reduction projects to a former advisor after a court ruled it had breached a contract to pay for services.
U.N. says California and China in CO2 market link talks
BARCELONA, May 29 (Reuters Point Carbon) – California and China have begun discussions about linking their carbon markets, Christiana Figueres, head of the U.N. Climate Change Secretariat, said on Wednesday.
Spain to decide on CO2 backloading soon: minister
BARCELONA, May 29 (Reuters Point Carbon) – Spain will soon decide whether it supports an EU Commission plan to prop up depressed carbon prices in the bloc’s Emissions Trading Scheme, the country’s environment minister said on Wednesday.
Australia CO2 market could accumulate 40 million surplus: analysts
BEIJING, May 29 (Reuters Point Carbon) - Australia’s emissions market could rack up a surplus of 40 million permits in its first two years, depressing prices and minimising demand for European CO2 allowances, analysts Reputex said Wednesday.
Aus. opposition says will cancel govt clean energy loans
BEIJING, May 29 (Reuters Point Carbon) - Australia’s opposition Liberal party said Wednesday it would not honour any contracts signed by the governmental Clean Energy Finance Corporation if it wins the September general election, casting doubt on lending expected to amount to A$800 million ($765 million) before polling day.
Seven pct of global emissions subject to CO2 price: World Bank
BARCELONA, May 29 (Reuters Point Carbon) – The emitters of seven percent of global man-made CO2 will be required to pay for their pollution, with carbon pricing a growing trend despite dithering by countries to curb their greenhouse gas output and a breakdown of the world’s largest emissions market, the World Bank said Wednesday.
EU carbon to trade below 10 euros to 2020: survey
LONDON, May 29 (Reuters Point Carbon) – EU carbon prices won’t climb above 10 euros ($12.8) for the rest of the decade, a survey of banks, manufacturers and power generators found Wednesday, well below the global level thought necessary to wean nations off using fossil fuels to power their economies.
Spain’s CO2-emitting power output halves in Q1 - grid
LONDON, May 28 (Reuters Point Carbon) – Spain’s mainland thermal generators produced 52 percent less electricity in the first quarter, the country’s grid operator REE said, indicating a large drop in the sector’s demand for carbon permits.
EU carbon climbs 4.6 pct on ETS fix hopes, energy gains
LONDON, May 28 (Reuters Point Carbon) – EU carbon rose 4.6 percent on Tuesday as mild optimism that lawmakers will pass law to cut supply and stronger energy markets spurred buying, traders said.