Ruling kills Romanian OTC carbon permit trading
* Romanian regulators class EUAs as financial instruments
* Foreign traders must join exchanges, OTC to suffer
* Ruling, exchange trade to prevent EUA tax fraud -SIBEX
* Traders say move possibly illegal as EU Commission weighs
BUCHREST/LONDON, Feb 24 (Reuters) – Romania’s securities regulator have defined European Union carbon permits as financial instruments, a move which will force all its emissions trading onto one of the country’s exchanges.
Continue Reading at ForexYard
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Opinion: Greening Deserts for Carbon Credits
Poor farming practices have degraded the world’s soils causing them to release carbon that should have stayed in the soil. In the past 150 years soils have released twice as much carbon as fuel burning. Improved farming methods could quickly rebuild degraded land and store enough carbon to offset the damage already done by fuel burning. Dr Rattan Lal of Ohio State University, a leading expert on soil carbon, estimates that the potential of economical carbon sequestration in world soils may be .65 billion to 1.1 billion tons per year for the next 50 years. This is enough to draw down atmospheric CO2 by 50 ppm by 2100. This is a one-time opportunity, however. We must ultimately stop burning fossil fuels.
Continue Reading at RenewableEnergyworld
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Opinion: California to Withdraw Harmful “Carbon Credits for Clearcuts” Forest Policy
SACRAMENTO – February 12 – In response to a formal legal letter filed by the Center for Biological Diversity, the California Air Resources Board has proposed to withdraw its adoption of a “Forest Project Protocol” that would have allowed logging companies to earn valuable carbon credits for clearcutting projects and other destructive practices. At its February 25 meeting, the Board will consider reversing its adoption of the protocol pending a legally required review of environmental impacts to forests and the climate.
Continue Reading at CommonDreams
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Opinion: Olympic carbon offsets for dummies
The problem with the political discussion about climate change these days is its “let’s pretend” nature.
Much like Environment Minister Jim Prentice was pretending this week that the $150,000 Canada is spending on carbon offsets will “help offset the greenhouse gas (GHG) emissions of its Olympic Games.”
Continue Reading at TorontoSun
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Press Release: To date 25,000t of CO2 Emissions Avoided by Photovoltaic Plants Arsol-1 and Arsol Toledo
The two plants developed by Aries Ingeniería y Sistemas have produced a total of 55 GWh since they came into operation two years ago Both plants, located in Ciudad Real and Toledo, Spain, are producing highly efficient clean energy with a total of 15 MW of power.
Continue Reading at RenewableEnergyWorld
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Lancashire drivers urged to lower CO2 for Lent
DRIVERS are urged to consider lowering their CO2 emissions for Lent.
Lancashire County Council said it could also help save money on fuel and make roads safer.
Continue Reading at LancashireTelegraph
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Opinion: Texas takes legal action against federal government over EPA CO2 mandates
Gov. Rick Perry, Attorney General Greg Abbott and Agriculture Commissioner Todd Staples said the state is taking legal action in the U.S. Court of Appeals, challenging the Environmental Protection Agency’s endangerment finding for greenhouse gases.
Continue Reading at KingsvilleRecord
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£60m bill for the CO2 of our political class
One could not want a better vignette of the gulf that has opened up between our “political class” and the rest of us than a bizarre little item which emerged last week on an obscure part of the European Commission’s website. The British Government, as revealed by the EU’s Official Journal, has allocated £60 million of taxpayers’ money to be spent on buying carbon credits from the Third World for the use of government buildings and other official purposes – so that our civil servants can continue to benefit from the CO2 emissions needed to keep their offices warm and lit.
Continue Reading at Telegraph
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CO2 emissions down from 2008 to 2009
According to a recent analysis of US Environmental Protection Agency carbon dioxide (CO2) data for 2008-2009, there has been an overall CO2 improvement of 2.8 per cent across all US cars and trucks.
Continue Reading at TheGreenCarWebsite
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Governments ‘misjudging’ scale of CO2 emissions
Policy makers in Europe and United States are markedly underestimating the changes needed to mitigate CO2 emission required to prevent dangerous climate change because they work in ’silos’, according to pioneering research.
Continue Reading at Physorg
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Opinion: Firms delay CO2 cap technology
Companies in the UAE are delaying their investments into technologies that help cap carbon dioxide emissions by three years, insiders of the carbon trade industry told Emirates Business.
The Middle East carbon trade potential is estimated to be worth $5 billion (Dh18.3bn) annually. Carbon trade market in Europe is estimated to be worth €100bn (Dh499.8bn) and is expected to grow to €800bn by 2020.
Continue Reading at Zawya
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Opinion: Calculating a car’s CO2 emissions from its mpg
Motorists who drive cars that were first registered before 2001 are unlikely to be aware of how much CO2 their vehicle emits.
Continue Reading at ETA
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Opinion: CO2 Mass Extinction Of Species And Climate Change
The release of more than 370 billion tons of carbon (GtC) from buried early biospheres, adding more than one half of the original carbon inventory of the atmosphere (~590 GtC), as well as the depletion of vegetation, have triggered a fundamental shift in the state of the atmosphere [1]. Raising atmospheric CO2 level at a rate of 2 ppm/year, a pace unprecedented in the geological record, with the exception of the effects of CO2 released from craters excavated by large asteroid impacts, the deleterious effects of pollution and deforestation have reached a geological dimension, tracking toward conditions which existed on Earth in the mid-Pliocene, about 2.8 million years ago [2].
Continue Reading at CounterCurrents
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UPDATE 2-U.S. EPA to soften CO2 requirements on industry
* EPA considers raising greenhouse gas permit threshold
* Senators from coal states complained rules too tough
* Sen. Rockefeller hints at legislation stopping EPA
* EPA to issue greenhouse gas rules next month (Releads, adds byline, Rockefeller, environmentalists)
WASHINGTON, Feb 22 (Reuters) – The U.S. Environmental Protection Agency said on Monday it would slow a phase-in of new limits on carbon dioxide from coal and other heavy industry plants to ease concerns about the impact on the economy.
Continue Reading at UK.Reuters
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U.S. Northeast Carbon Falls as Federal CO2 Trading Bill Stalls
Feb. 22 (Bloomberg) — Carbon dioxide permits in the U.S. Northeast’s cap-and-trade program for power plants fell to their lowest level this year on waning public concern over emissions that scientists blame for global warming.
Continue Reading at BusinessWeek
Posted on February 26, 2010
· in Global