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South Canterbury’s district councils could be in line for a share of a multibillion-dollar compensation package for the Emissions Trading Scheme (ETS).
Under the ETS, landowners who fell more than two hectares of trees planted before 1990 will incur a fee if they do not replace them. However, all post-1990 forests can qualify for carbon credits once harvested.
Continue Reading at Stuff
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The campaign to reform the EU emissions trading scheme (ETS) will secure an important new ally today with the release of a major report from the Environmental Audit Committee of MPs that will urge the government to consider introducing a carbon tax designed to guarantee a minimum price for carbon.
Continue Reading at BusinessGreen
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The EU’s flagship Emissions Trading System is failing to deliver vital green investment after a recession-fuelled collapse in carbon prices, MPs warned in a report out today.
Westminster’s environmental audit committee is calling on the Government to consider measures guaranteeing a minimum price for carbon, such as a new carbon tax, to drum up more funds.
Continue Reading at DailyMail
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The global carbon market will be worth €121 billion ($170bn) in 2010, up 33% on last year, according to a recent report by Point Carbon, the leading independent provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets. The report, Outlook for 2010 and Beyond, also predicts that traded volumes will increase by only 5% on 2009, to a total of 8.4 billion metric tons (gigatons or Gt) of carbon dioxide equivalent (CO2e).
Continue Reading at Commodities-Now
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Mighty River Power will buy carbon credits from a farmland-to-forest conversion near Lake Taupo.
Maori interest Puketapu 3A Incorporation farms about 2,400 hectares of pastoral land in the upper Kuratau sub-catchment.
Continue Reading at NBR
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BRUSSELS, Feb 4 (Reuters) – Cyber attacks on the European Union’s Emissions Trading Scheme (ETS) have prompted the executive European Commission to revise its Internet security guidelines, the Commission said on Thursday.
Continue Reading at UK.Reuters
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SMOKERS could be slugged with higher prices and building owners given tax breaks to “go green” as part of Tony Abbott’s greenhouse gas-busting plan.
Continue Reading at News
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Kenya Airways’ blueprint on curbing carbon dioxide emissions has secured a nod from the European Union, effectively dodging restrictions or a possible ban of its flights to Europe.
As part of compliance with the EU regulations on carbon emissions by airlines, the UK Environment Agency has allowed KQ to roll out its Carbon Emissions Management and Monitoring Plan.
Continue Reading at BusinessDailyAfrica
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THE introduction of an emissions trading scheme would boost the Northern Rivers economy by at least $109 million, primarily through the agricultural, tourism and fishing industries, a group of Lismore scientists has said.
Continue Reading at NorthernStar
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The Australian government says it will consider a proposal by the Green Party to levy a carbon tax on the country’s big emitters as an interim measure in the absence of parliamentary support for an emissions trading scheme.
Continue Reading at CarbonPositive
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Deutsche Bank has added its voice to those of analysts saying the EU carbon market will rebound during 2010, predicting that the price of EU emission allowances (EUAs) will recover to €15–€16 a tonne by the middle of the year.
Continue Reading at BusinessGreen
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A PricewaterhouseCoopers partner has warned that New York could challenge the UK for its title as carbon trading capital.
Continue Reading at AccountancyAge
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Opposition Leader Tony Abbott concedes his approach to climate change might not achieve the same emissions reductions as an ETS.
Continue reading at Bigpondnews.com
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BUSINESS body the CBI is set to call for a global carbon trading scheme today, as the UN’s climate change talks kick off in Copenhagen.
The group will argue the case for a scheme to cap emissions, and to allow firms worldwide to buy permits for carbon – like the EU Emissions Trading Scheme – and say this should form the basis for a global carbon market.
Continue reading at Cityam.com
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LAKSHMI MITTAL, Britain’s richest man, stands to benefit from a £1 billion windfall from a European scheme to curb global warming. His company ArcelorMittal, the steel business where he is chairman and chief executive, will make the gain on “carbon credits” given to it under the European emissions trading scheme (ETS).
Continue reading at Business.timesonline.co.uk
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