Finland, Romania, Solvenia and Sweden’s carbon emissions registries reopened this morning bringing the number of EU ETS registries back to normal operations to 19.
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Banned industrial gas credits could sneak into EU carbon market
Carbon credits produced from destroying industrial gases may bypass an EU order banning them from 2013 and enter Europe’s emissions trading scheme by way of bilateral emission reduction deals between individual countries, it was reported last week.
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EU mulls tighter carbon trading rules
The European Commission yesterday met with member states over options for bolstering security of the EU carbon market and strengthening its integrity. Proposals included applying tighter financial market regulation to spot trading of carbon, as already applies to futures trade, and possibly introducing a 48-hour delivery delay in spot transactions to allow for stronger checks and balances.
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UK gets go-ahead to resume carbon trading
The UK will re-open its carbon trading registry tomorrow after getting the go-ahead from the European Commission that its system is secure enough against fraudsters that forced the world’s biggest emissions trading system to close down three weeks ago.
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EU MOVES TO BAN FAKE CARBON CREDITS
BigNews.Biz – Jan 24,2011 – THE London-based Environmental Investigation Agency (EIA) has welcomed a European Member State vote to end the corrupt global trade in fake HFC-23 carbon credits.
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Carbon Crooks Swapped Stolen Credits for $38 Million in Cash
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Hackers Hit Registry Days Before New Security System was to be Installed; Victims Brace for Liability Scrum
Author: Steve Zwick
Cyberthieves who hacked the Czech carbon registry on Tuesday had intimate knowledge of different registries.
A crucial test for the environmental integrity of the EU emissions trading scheme
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Credits from HFC23 projects have long been the albatross around the neck of the CDM. The questions around additionality, value for money, perverse incentives and the lack of any sustainable development benefit for the local community of these projects have stifled the legitimacy and many of the positive outcomes of the mechanism.
- Author: admin
- Published: Oct 3rd, 2010
- Category: Press Releases
- Comments: None
Press Release: Worlds top companies failing to cut carbon emissions
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New report claims that only 19%of the world’s top companies have achieved significant reductions in their carbon emissions.
- Author: admin
- Published: Sep 19th, 2010
- Category: Press Releases
- Comments: 2
Press Release: EU emissions trading scheme to bring small carbon savings
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Online PR News
EU carbon prices inch ahead
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The worlds biggest carbon trading market, the EU Emissions Trading Scheme (EU-ETS), continues to claw back ground from its recent low point in July amid a gradually improving economic outlook. But with EUAs approaching the
Hackers shut down EU carbon-trading website
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Anti-carbon trading activists shut down the website of the European Climate Exchange (ECX), over the weekend, replacing the site with a spoof page lampooning the industry.
Europes companies spend GBP800m on carbon credits
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European energy and industrial companies have become the most important buyers of carbon credits in the developing world, ringing up a bill of GBP800m last year, according to the Financial Times.
FTSE names UK’s “carbon leaders”
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Unilever, BT and Morrisons were yesterday hailed as three of the UK’s greenest listed firms with the publication of a new league table from the FTSE Group ranking the carbon management policies of blue chip firms.
ACE’s Andrew Warren on why a carbon tax should go to help ‘greening’ businesses
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Andrew Warren, director of the Association for the Conservation of Energy, argues that tax raised from a planned Government floor price for carbon should help improve the energy performance of companies and homes.
Trade group warns against EU carbon market clampdown
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An international trade group representing the carbon market has this week called on EU authorities to avoid unnecessary regulation of the European emissions trading scheme (ETS).
Ata Launches Legal Challenge To Eu Carbon Emission Cuts
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Airlines in the US are launching legal action in order to exempt themselves from the carbon emissions trading scheme in the European Union (EU). The scheme, which is due to be enforced in 2012, will require all airlines flying to and from airports in the EU to submit carbon credits for the journeys they undertake. However, the airlines, which are being represented by the US Air Transport Association (ATA), have argued that this will impose unjust costs on international aviation.
- Author: admin
- Published: Jun 6th, 2010
- Category: Carbon Market News
- Comments: 2
Industry calls for wider standardised baselines for CDM
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Increased use of standardised baselines for Clean Development Mechanism (CDM) projects would motivate increased investment and reduce risk for project developers, according to a report by carbon offset specialists Perspectives for the UK’s Department for International Development (DFID).
Global Carbon Market Grows to $144 billion Despite Financial and Economic Turmoil
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The latest annual reportfrom the World Bank on the global carbon market showed that in 2009 it grew to$144 billion, up 6% from 2008 despite enduring its most challenging year todate. The global economic crisis negatively impacted both demand andsupply sides and, as industrial output plummeted, the demand for carbon assetsfell. The State and Trends of the Carbon Market 2010,released on Wednesday, by the World Bank at Carbon Expo in Cologne, also saidthat on the supply side, the reduction in access to capital made it difficultfor many project developers to lock in financing. As a consequence, projectorigination ground to a halt.
Polluters earn by passing free carbon permits cost to consumers – ECF report
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According to a new report by European Climate Foundation, the biggest industry polluters in Europe have made billions of euros from carbon markets by passing the cost of their free carbon permits onto consumers.
Used carbon credit seller named, deals revealed
(Reuters) – London-based Total Global Steel was named by a source on Friday as a seller of recycled carbon credits, as the Hungarian government said it was still unsure as to the remaining used credits’ whereabouts.
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Volcanic ash cloud could reduce airlines carbon allowances
Market experts have warned that last weeks Europe-wide flight disruptions, following the volcanic ash cloud precaution, will affect the aviation industrys carbon allocations under the European Unions Emissions Trading Scheme (EU ETS) from 2012.
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Carbon permit spot trade should be regulated: BarCap
LONDON (Reuters) – The spot trading of European carbon permits should be better regulated so the market is no longer open to fraud, Barclays Capital said on Tuesday.
Last year, the EU’s flagship emissions trading scheme (EU ETS) was open to abuse through value-added tax fraud which led to more than 5 billion euros ($6.73 billion) in tax revenue losses for several EU nations.
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New York challenge for City carbon market crown
Londons position as the dominant world financial centre for the
EU Paper Industry Has Cut Carbon Pollution by 42% – Exceeded Kyoto Goals
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The US paper industry is one of the three non-fossil-energy industries that will be affected under the Clean Energy Jobs & American Power Act; the climate bill being attempted in the Senate; to regulate the industries that emit over 25,000 tons/yr of carbon dioxide. Cement-making and steel production are the other two.