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Thursday, 09 February 2012
A number of European companies which bought carbon credits from Chinese projects under the United Nations Clean Development Mechanism are turning back on previous commitments, according to a report from China Daily. Quoting company sources and project developers, the paper reported that some companies in the European Union, following the plummeting of carbon credit values, are refusing to pay pre-agreed prices, renegotiating agreements, and in some cases terminating contracts for carbon
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Sunday, 11 December 2011
Weak demand for carbon emission allowances traded in the United States’ Regional Greenhouse Gas Initiative has persisted up to the 10-state cap-and-trade program’s last auction under its first three years of operation.
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Tuesday, 06 December 2011
Within four years, Australia and New Zealand’s emission trading schemes could be linked in the first step to creating a stronger international carbon market that will contribute to global pollution reduction efforts. In statements released by both countries’ climate change ministers, the target date for the linking of the two emission schemes is placed at 2015, which is also the start of the flexible pricing period of Australia’s carbon pricing mechanism.
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Monday, 28 November 2011
Finding a market for its recently passed carbon price scheme will be Australia’s focus during this week’s United Nations climate change negotiations in Durban as the talks are a “stepping stone along the path” towards a global climate change agreement.
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Friday, 11 November 2011
Israeli company Blue Sphere Corporation is developing a gas collection system at an open landfill site in Takoradi, Ghana that would generate certified emission reductions tradable in the carbon market. The company signed a memorandum of understanding with the Takoradi Metropolitan Assembly to reduce the emissions at the Sofokrom landfill. The initial investment in the project is expected to be approximately $700,000.
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Wednesday, 09 November 2011
The Australian Senate on Tuesday has passed the Clean Energy Future legislative package, a move that current Prime Minister Julia Gillard is calling a major milestone in Australia’s efforts to cut carbon pollution and seize the economic and job opportunities of the future.
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Friday, 04 November 2011
The 36-member United Nations International Civil Aviation Organization – backing protests of 26 countries including the United States, China, Russia, Brazil, Japan, and India – has adopted the stance that the European Union should back away from a plan to include foreign airlines in its trading scheme and submit them to its carbon dioxide emission curbs.
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Monday, 24 October 2011
California regulators have approved the state’s cap-and-trade program, a key element in the state’s climate change plan which represents the world’s biggest carbon trading program after the European Union’s Emissions Trading System. The California Air Resources Board late last week adopted the program which requires the state to reduce greenhouse gas emissions to 1990 levels by 2020.
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Monday, 24 October 2011
Emission rates for New England power generators have continued to decline, with 2009 average rates for sulfur dioxide going down by 71 percent in 2009 from 1999 levels, nitrogen oxide by 66 percent, and carbon dioxide by 18 percent. According to the report on New England’s electric power system released by ISO New England, these helped provide $263 million of Regional Greenhouse Gas Initiative proceeds to the six New England states, with 86 percent of the sum targeted to finance the state’s
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Wednesday, 12 October 2011
Japan’s Panasonic Corp. will supply Tesla Motors automotive-grade lithium-ion battery cells for the Model S sedan, the company’s second electric car. According to the supply agreement finalized yesterday, Panasonic will deliver enough batteries for more than 80,000 vehicles over the next four years, the company said in a joint statement.
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Friday, 07 October 2011
Commissioner Connie Hedegaard welcomes Advocate General’s opinion
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Friday, 30 September 2011
China and Russia are decrying the European Union’s aviation emission trading scheme as an infringement on other country’s sovereignty and a burden to global air carriers.In a joint statement, China’s Civil Aviation Administration and Russia’s Transport Ministry stated their opposition to the E.U.’s Emissions Trading Scheme which places a strict cap on the carbon dioxide emissions of all airlines flying to and around Europe starting January 2012.
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Friday, 09 September 2011
Google Inc. has disclosed publicly for the first time exactly how much electricity the company’s massive computing resources consume, while laying out what it has been doing to limit carbon emissions. Google said the total amount of electricity it used for its operations in 2010 was roughly 2,260 megawatt-hours. Using figures from a study made by Stanford University professor Jonathan Koomey, the company said this represents 0.01 percent of the world's electricity.
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Tuesday, 06 September 2011
The Inter-American Development Bank will back Colombia’s $10.5 million project to set up a system of verified emissions reductions to cut over half a million tons of carbon emissions over the next four years. A verified emission reduction is a unit of greenhouse gas emission reduction that has been verified by an independent auditor but has not yet met the requirements for verification or certification under Kyoto Protocol.
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Friday, 02 September 2011
An absolute emissions cap on carbon dioxide is needed if China intends to set up a carbon market of its own in the next five years.
This is the finding of cabinet office think tank, the State Council’s Development and Research Center, in a paper recently released in Qiushi, or Seeking Truth, the Communist Part of China Central Committee’s flagship magazine.
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Thursday, 25 August 2011
Project to develop new biocatalysts for a more sustainable chemical industry
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Thursday, 25 August 2011
Carbon credits to be given as incentives
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Thursday, 18 August 2011
India has filed a formal complaint to stop the United Nations carbon market regulator from suspending projects in the country from earning emission credits derived from destroying a potent greenhouse gas called hydrofluorocarbon-23 or HFC-23.
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Monday, 15 August 2011
The International Emissions Trading Association stressed that various processes must be changed in California’s cap-and-trade program. The group said that the draft passed by California’s Air Regulatory Board needs to amend and strengthen the process for offset invalidation, streamline the process of accreditation for early action, and revise restrictions on auction permit and holding limits.
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Monday, 15 August 2011
The British Chamber of Shipping said the international shipping industry must keep its options open on which carbon cutting measure to adopt. “It is crucial that we do not discount either of the main proposed economic mechanisms for encouraging carbon reductions,” said Mark Brownrigg, director of the chamber.
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