Carbon Offsets Daily

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Analysis: EU carbon prices steady or up slightly over summer

(Reuters) – Prices for European Union carbon emissions permits are likely to remain steady or gain a few euros over the summer as increased buying due to German nuclear reactor shutdowns counterbalances a seasonal lull.

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Estonia Sold 75% of Spare UN Carbon, Prime Minister Says

Estonia has disposed of about 75 percent of its 85 million metric tons of spare carbon permits awarded under a United Nations program in sales totaling 360 million euros ($534 million), Prime Minister Andrus Ansip said.

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German Power for 2014 Rises as EU Carbon, Natural Gas Advance

German power contracts for 2014 rose as European Union carbon permits and U.K. natural gas prices climbed, boosting costs for utilities.

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EU Carbon Rises, Has Biggest Weekly Gain in Two Years on Outages

European Union carbon permits for December rose, posting their biggest weekly gain for two years, after Germany decided to close 7 gigawatts of nuclear capacity.

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EU to Urge Energy Efficiency, Allow Carbon Set-Aside Option

March 7 (Bloomberg) — The European Union will recommend stepping up its energy savings and offer the option of withholding carbon permits to curb a surplus in its emissions- trading system, three people familiar with the matter said.

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Czech carbon exchange eyes reopening next week

PRAGUE, March 4 (Reuters) – Officials hope to reopen the Czech carbon registry by late next week following the January theft of around 7 million euros ($9.8 million) worth of carbon permits from several accounts, the registry’s chief said on Friday.

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Carbon trading disruptions continue as spot markets close

Bulgaria, Ireland and Norway will reopen their national emissions registries today but security doubts have led two carbon spot markets

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Carbon market vendor claims harassment by city veterinarian

A MARKET vendor who claimed she was being harassed by veterinarian and abattoir chief Dr. Alice Utlang is asking the Cebu City Council to investigate the official.
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  • Published: Feb 25th, 2011
  • Category: UK
  • Comments: None

UK to devise standalone carbon permit system

London: The UK said it will opt out of a common European Union platform for auctioning carbon permits in the next phase of the bloc’s emissions-trading programme, which starts in 2013, and will develop a national system instead.

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Italian Energy Trader Sues EU Commission Over Carbon Thefts

The Cube Srl, a Milan-based energy trader with missing carbon allowances, started legal action seeking penalty payments from the European Commission.

Cube, trying to recover more than 200,000 allowances that were stolen in November, asked for as much as 100,000 euros ($135,000) a day from the commission, regulator of the European Union, Laurent Arnauts, head of the law firm representing the trader, said today by phone.

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European Union reopens spot carbon market

BRUSSELS (Commodity Online) : After more than two weeks of uncertainty, the EU reopened spot carbon market .

The EU was forced to close down it following cyber attacks and also closed the electronic warehouses where permits are kept, called national registries, after the theft of EU allowances worth at least 45 million euros.

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  • Published: Feb 5th, 2011
  • Category: USA
  • Comments: None

China, India to Trade Carbon Before U.S., Sandor Says

China and India probably will beat the U.S. in setting up cap-and-trade programs to control greenhouse-gas emissions, said Richard Sandor, founder of the Chicago Climate Exchange.

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Lufthansa, Delta Jockey for Free Carbon Permits: Energy Markets

The biggest expansion of Europes carbon market is pitting Deutsche Lufthansa AG against Japan Airlines Corp. and Delta Air Lines Inc. in a contest for free permits as traders struggle against computer hackers.

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  • Published: Feb 1st, 2011
  • Category: UK
  • Comments: None

UK tax authority names carbon fraud suspects

(Reuters) – The UK tax authorities have named seven people charged with value-added tax fraud in the European carbon market, Her Majesty’s Revenue and Customs (HMRC) said on Wednesday. All seven people were charged with conspiracy to cheat the public revenue and conspiracy to transfer criminal property representing a person’s benefit from criminal conduct, HMRC said in a statement sent to Reuters.

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EU Orders Members to Boost Carbon-Trading Security

| Sourced From Online.wsj |

The European Union ordered its 27 members to shore up security in its Emissions Trading Scheme following a spectacular digital heist in the Czech Republic by computer hackers that temporarily shut down trading in the European Union’s $100-billion-a-year market in carbon permits.

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EU Carbon Trading Declines After Alleged Hacking Suspends Spot Market

| Sourced From Bloomberg |

Trading in European Union carbon permits fell and the BlueNext SA exchange proposed

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  • Published: Jan 25th, 2011
  • Category: UK
  • Comments: None

BlueNext says suspended all carbon trading

(Reuters) – BlueNext has suspended all carbon emissions permit trading from 11 a.m. EST due to missing permits from the Czech Republic and Romanian carbon registries, the French spot emissions exchange said on Wednesday.

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Cyber attack closes further EU carbon registries

| Sourced From Businessgreen |

The fall-out from last week’s hacker attack on the Austrian carbon registry has gathered pace today with four more European registries closing their doors after a Czech firm reported the theft of 470,000 carbon permits.

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UN Carbon Credits Drop Before European Union Vote on Offset Restrictions

| Sourced From Bloomberg |

United Nations carbon offsets dropped before a vote by European Union member states on a proposal to ban some imported industrial gas credits from the worlds biggest emissions market.

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EU Carbon Little Changed After Reaching 10-Day High; Power Rises

| Sourced From Businessweek |

Jan. 17 (Bloomberg) — European Union carbon-dioxide permits were little changed after reaching the highest price in 10 days as rising German power and U.K. natural gas prices boosted demand for emission rights.

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Carbon trade: Cambodia forests for EU scheme

| Sourced From Phnompenhpost |

CAYMAN Islands-registered Green Glory Ltd is in the process of obtaining management rights to establish a carbon credit scheme using Cambodias forests, according to a company statement.

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From renewed climate hope to absurd market expectations

| Sourced From Climatevoices |

By Patrick Bond
Business Day (Johannesburg), 2010/12/31
THE recent Cancun climate- change agreements fatal flaw is simple: faith in fickle markets. A year from now in Durban, the apparently unifying strategy of combining ever- broader emissions trading with a modicum of north-south aid to resolve contradictions between national blocs will again become a destructive wedge.

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EU Carbon Advances for First Year in Three as Economy Recovers

| Sourced From Businessweek |

Dec. 31 (Bloomberg) — European Union carbon permits snapped two consecutive years of decline amid signs the regions economy is recovering from recession and bets that demand will rise as the emissions system moves toward auctions.

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EU Carbon Advances for First Year in Three as Economy Recovers

| Sourced From Bloomberg |

European Union carbon permits snapped two consecutive years of decline amid signs the regions economy is recovering from recession.

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EU Carbon-Dioxide Allowances Increase Along With Natural Gas

| Sourced From Bbloomberg |

European Union carbon permits rose as higher prices for natural gas helped boost demand for emission rights.

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