Imagine that the UK has fallen under the control of a highly efficient dictatorship. Reassuringly the dictator has introduced only one new rule which is that every person has a strict carbon ration. Overnight the new regime has somehow installed magic meters to measure our use.
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The European Union executive will hold consultations with stakeholders about security measures for national carbon registries and addressing the issue of emission allowances stolen in computer-hacking attacks.
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Oct. 29 (Bloomberg) — Californias planned cap-and-trade program for greenhouse gases may raise gasoline prices in 2015 when oil refiners are required to start buying carbon dioxide permits for pollution from cars and trucks, a state agency said.
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The European Union claimed a diplomatic victory at an international aviation meeting, saying the participants accepted the EUs plan to cap emissions by domestic and foreign airlines serving Europe as of 2012.
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The discount on United Nations greenhouse gas credits compared with European Union allowances shrank to its narrowest level in more than three months as regulators consider a review of hydrofluorocarbon-23 projects.
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Point Carbon Research projects that the price for each metric ton of carbon dioxide equivalent (CO2e) would average $26 over the period 2013-2020 under a federal cap-and-trade system as outlined in the American Power Act (APA). The price projection comes after Point Carbon’s preliminary analysis of the APA discussion draft made public on May 12, 2010. Point Carbon is the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.
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Point Carbon Research projects that the price for each metric tonne of carbon dioxide equivalent (CO2e) would average US$26 over the period 2013-2020 under a federal cap-and-trade system as outlined in the American Power Act (APA). The price projection comes after Point Carbons preliminary analysis of the APA discussion draft made public on May 12, 2010.
THOUSANDS of UK companies could end up handing the government a windfall of more than
REDCAR MP Vera Baird has demanded answers from the boss of Corus over allegations the steelmaker planned to make millions of pounds from sold carbon credits if the Teesside plant closed.
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A recent article in the Wall Street Journal details one of the many problems facing the implementation of carbon markets: the political tampering of an artificial market. According to the story, Russia is demanding that it be able to retain its massive surplus of emissions permits after they expire in 2012. Yet, critics argue that if Russia were to off-load these credits on international carbon markets, it would lead to a collapse in the price of carbon.
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(THE HAGUE) – Tax fraudsters have targeted the EU’s carbon emissions trading system, pocketing about five billion euros (7.4 billion dollars), the Europol police agency said Wednesday.
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A one-year-old regional experiment with carbon cap-and-trade has so far generated $13.5 million for energy conservation efforts in Maine.
But it could ultimately have a far bigger impact, in Maine and nationwide.
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NEW YORK, Sept. 24 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue.
Carbon Emissions Trading Markets Worldwide
http://www.reportlinker.com/p0119237/Carbon-Emissions-Trading-Markets-Worldwide.html
Carbon emissions have been traded, albeit at minor levels, in the over-the-counter (OTC) market since the 1990s. In recent years, significant global governmental involvement in the stabilization of the concentration of atmospheric greenhouse gases has facilitated tremendous growth in the market for carbon emissions trading. The value of the carbon market has grown from $727 million in 2004 to $118 billion in 2008.
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Contact:
Emilee Pierce
212-417-3179
FIRST U.S. CARBON MARKET REACHES 1 YEAR MILESTONE
States Release Results of Fifth Auction Held since September 2008
2009 Vintage Allowances Sold at $2.19
2012 Vintage Allowances Sold at $1.87
(NEW YORK, NY) — The states participating in the nations first cap-and-trade system for greenhouse gases conducted their fifth regional auction of carbon dioxide (CO2) allowances Wednesday, September 9th. The auction marks one year since the debut of the Regional Greenhouse Gas Initiative (RGGI) auctions and brings the total amount of proceeds to more than $432.7 million since September of 2008.
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Governor Jim Douglas announced today that the state will receive $684,544 from an auction of carbon allowances held this week by the Regional Greenhouse Gas Initiative. Vermont is partnered with nine other states in the RGGI, an organization that holds quarterly carbon allowance auctions with the goal of investing the proceeds into renewable energy, energy efficiency, and energy cost reduction programs. Carbon allowances represent the limited authorization for a power plant to emit one ton of CO2, as issued by a participating state and purchased through the RGGI’s cap and trade program. To date, the RGGI has auctioned a total of 1.2 million carbon allowances.
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NEW YORK, May 12 (Reuters) – Proposed U.S. climate change legislation could cause power prices in the ERCOT market in Texas to jump about $10 billion or $27 per month for the average consumer by 2013, the Electric Reliability Council of Texas (ERCOT) said Tuesday.
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(New York, N.Y.) The states participating in the Regional Greenhouse Gas Initiative (RGGI) today announced the results of the third auction for RGGI carbon dioxide (CO2) allowances. The March 18th auction was the first since compliance obligations under RGGIs first three-year control period began January 1, 2009.
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The first wave of trading in EU carbon allowances (EUAs) for the next phase of the scheme starting in 2013 is expected to take off within the next few months, in a sign that many participants in the market remain confident in its long term prospects.
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Individual government departments may be allowed to trade carbon allowances when new carbon budgets come into force in April, the climate change secretary, Ed Miliband, said today.
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Sustainable power company ENER-G is running free seminars this spring on how to prepare for the Carbon Reduction Commitment (CRC).
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LONDON -(Dow Jones)- The U.K. government is to auction 4 million allowances Mar. 24 in its second auction in phase 2 of the European Union’s Emissions Trading Scheme, a statement said Monday.
The government also released its schedule of auction dates and volumes up to April 2010.
The auctions will comprise a competitive bidding facility only. The bidding window will open between 0800 GMT and close at 1000 GMT.
In 2009, the U.K. plans to auction a total of 25 million allowances.
At the U.K.’s first auction of E.U. ETS credits Nov. 19, 4 million allowances were sold at a total GBP54 million.
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Every person in the UK could have their own carbon budget in just over a decade to encourage individuals to cut their global warming emissions, the head of the most comprehensive trial of the idea has predicted.
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