LONDON (Reuters) – Prices for European carbon emissions permits are too low to deliver low-carbon investment and the British government should press the EU to tighten limits on emissions, a UK Parliamentary committee said on Monday.
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Posted on February 15, 2010
· in UK
The country’s largest single power generator, Macquarie Generation, has warned that its viability is threatened by the Federal Government’s proposed emissions trading scheme.
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Posted on January 20, 2010
· in Australasia
The Copenhagen climate accord did not set targets that would boost the demand for carbon permits. On the European Climate Exchange in London carbon-dioxide allowances for delivery in December 2010 on Monday declined as much as 8.7 percent to 12.40 euro Bloomberg reports.
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Posted on January 7, 2010
· in Global
It is a building site, formerly a derelict car park, in a deprived part of West London, where the neon glow of curry houses and late-night grocery stores could not be further from the wealth and glamour of London’s financial markets.
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Posted on December 31, 2009
· in Europe
The city of Copenhagen ‘is a crime scene tonight, with the guilty men and women fleeing to the airport’.
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Posted on December 26, 2009
· in Global
THE EUROPEAN Union has probably lost at least €5 billion to VAT fraud related to carbon trading and there is a risk that the criminals will now shift their attention to Europe’s electricity and gas markets, according to Europol, the EU’s law-enforcement operation.
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Posted on December 25, 2009
· in UK
LONDON (Reuters) – The EU’s Emissions Trading Scheme (EU ETS) is starting to influence power companies’ investment decisions toward cleaner energy production, a survey by research group New Energy Finance shows.
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Posted on December 24, 2009
· in UK
LONDON (Reuters) – A steel plant in northeast England due to close in January will likely get its 2010 quota of free European carbon permits, a windfall worth around 100 million euros ($147.3 million), the UK government said on Friday.
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Posted on December 21, 2009
· in UK
A PAIR of Senators may have stirred the waters around cap-and-trade when they unveiled an alternative climate change measure on Friday.
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Posted on December 20, 2009
· in USA
LONDON – A sustained rise in European carbon prices in 2010 needs renewed buying from utilities rather than a positive outcome from U.N. climate talks in Copenhagen, Barclays Capital’s head of environmental markets said.
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Posted on December 18, 2009
· in Europe
The European Union has probably lost at least €5bn (£4.5bn) to VAT fraud related to carbon trading and there is a risk that the criminals will now shift their attention to Europe’s electricity and gas markets, according to Europol.
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Posted on December 15, 2009
· in Europe
Dec. 11 (Bloomberg) — France opened a criminal investigation of four men allegedly involved in a 156 million- euro ($230 million) carbon trading fraud, the Paris prosecutors’ office said today.
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Posted on December 14, 2009
· in Europe
The European Commission announced Thursday that it has appealed against Poland and Estonia’s successful court challenge to their carbon quotas.
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Posted on December 10, 2009
· in Europe
The European Union council has agreed upon a reverse charge mechanism aimed at putting a halt to carousel fraud in carbon permit trading markets.
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Posted on December 10, 2009
· in Europe
LONDON: ArcelorMittal on Monday said it has not made any money from its excess carbon credits, bulk of which was purchases during the global
economic crisis.
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Posted on December 8, 2009
· in UK