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Environmentalists have traditionally seen Gulf countries as pantomime villains when it comes to tackling climate change.
This view is unlikely to have changed in light of a rather non-committal approach from nations in the region, in particular to extensive talks on establishing a legally-binding global agreement on cutting carbon emissions in Copenhagen in December last year.
Continue Reading at ArabNews
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March 15 (Bloomberg) — The International Emissions Trading Association said sales of ‘recycled’ United Nations carbon credits could damage the reputation of the European Union’s emissions-trading market, the world’s largest.
Continue Reading at BusinessWeek
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March 15 (Bloomberg) — The Obama administration might pursue a carbon-trading system under existing law if Congress doesn’t pass cap-and-trade legislation that allows companies to buy and sell the right to pollute, a U.S. Environmental Protection Agency official said today.
Continue Reading at BusinessWeek
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The report by British non-governmental group Sandbag claims that some of Europe’s biggest polluters are choosing the easiest – and arguably less effective – option provided by the European Union’s carbon trading scheme. Instead of cutting their greenhouse gas emissions, a number of them are choosing to purchase so-called carbon offsets — used to finance environmental projects in the developing world.
Continue Reading at VOAnews
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If you think global warming is a murky business plagued by both doomsters and die-hard science sceptics, you’ll feel at home with the shares of Climate Exchange (LSE: CLE).
As the leading emissions exchange operator in Europe and North America, talk that the carbon market will eventually be bigger than the oil trade puffed up the AIM-listed company’s share price to the increasingly hot high heavens.
Continue Reading at Fool
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March 8 (Bloomberg) — The Obama administration has no plans to set up a “cap-and-trade” program for greenhouse gases under existing law if Congress doesn’t pass legislation doing so, the head of the U.S. Environmental Protection Agency said.
Continue Reading at BusinessWeek
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NEW YORK — Global carbon dioxide emissions offsetting markets are fast losing their luster in the minds of investors, both in the United States and abroad.
Continue Reading at NYtimes
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* California and Ontario, Canada are powerhouse economies
* Many details still to be sorted out
SAN FRANCISCO, March 11 (Reuters) – As U.S. prospects for a national climate change bill fade, five U.S. states and Canadian provinces are on track to start a cap-and-trade market for carbon dioxide in 2012, say officials who see fading federal momentum boosting regional efforts.
Continue Reading at Reuters
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For all those keen on learning more about how carbon markets will evolve post Copenhagen may get some clarity and insights into the issue at the The Carbon Markets 2010 to be held from 6-7 May at Singapore. It will address the key issues influencing the global carbon market place, its effects on carbon trade and CDM.
Continue Reading at CommodityOnline
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March 4 (Bloomberg) — Regulators overseeing the world’s second-biggest emissions market are “concerned” that low prices for emissions credits are sapping support for carbon trading, a UN board member said.
Continue Reading at BusinessWeek
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Investors are losing confidence in the future of a global carbon market, according to a Reuters article.
Continue Reading at SustainableBusiness
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Singapore (PRWEB) March 9. 2010 — How have the Carbon market dynamics changed since Copenhagen? Investors and developers face uncertainties over the future of the industry, as COP15 did not reach a comprehensive solution on emission reduction targets, an especially critical issue when the Kyoto protocol ends in 2012. How will the carbon markets evolve?
Continue Reading at InsuranceNewsNet
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This view is unlikely to have changed in light of a rather non-committal approach from nations in the region, in particular to extensive talks on establishing a legally-binding global agreement on cutting carbon emissions in Copenhagen in December last year.
Continue Reading at ArabNews
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March 3 (Bloomberg) — Spending to cut greenhouse gas emissions is less appealing after last year’s climate summit in Copenhagen unsettled investors, according to an attorney at Baker & McKenzie LLP.
Continue Reading at BusinessWeek
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BEIJING, March 9 (Xinhua) — Fang Fang, vice chairman of J. P. Morgan Asia Investment Banking division, has proposed that China develop a domestic carbon-trading system as part of its efforts to cut greenhouse gas emissions.
Continue Reading at News.Xinhuanet
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