Carbon Offsets Daily

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Australian Company Will Kill Camels for Cash, Carbon Credits

Northwest Carbon thinks that farmers and hunters who help rid the nation of its feral camel population should be compensated with carbon credits. Australia does indeed have a major feral camel problem — the invasive species is crowding out native ones, trampling vegetation, and rapidly reproducing. But proposing that killing them be redeemable for carbon credits is certain to be controversial…

Continue reading at Treehugger.

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Boosting efficiency lowers carbon footprint

Livestock producers are under increasing pressure to reduce their carbon footprint, but farm statistics collected by Quality Meat Scotland (QMS) show reduced greenhouse gas emissions are a by-product of increased efficiency. 

Continue reading at FarmersWeekly.

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Emissions trading scheme? Take a leaf out of our book

“By registering my forests for carbon offsets, I’m getting the same income as if I had harvested the trees, but I’m also delivering outcomes for the environment and for my family’s farming future.” Other Tasmanian landholders are choosing to follow the 

Continue reading at The Australian.

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Trees Win Big as Forest Carbon Surges to Record Year

Washington, DC | Investors and buyers have funneled record amounts of capital into forestry projects that reduce greenhouse gas emissions by conserving forests and capturing carbon in trees, according to a global survey of carbon market participants published on Thursday by Forest Trends’ Ecosystem Marketplace.

The report, “State of the Forest Carbon Markets 2011: From Canopy to Currency,” documents a record $175 million flowing to support forest carbon projects in 2010, representing commitments to sequester enough carbon to offset nearly 30 million tons of carbon dioxide (CO2) emissions.
“Contracts for forest carbon offsets more than doubled over the past two years, likely due to international policy discussions, and increased awareness of the critical role forests play in sequestering carbon,” says Katherine Hamilton, Ecosystem Marketplace’s Director and a report author.

Co-author David Diaz, also of Ecosystem Marketplace, agrees with the clear signs of progress, but sees a long road ahead.

“These markets have shown tremendous innovation and growth, but we are still a long way from channeling a sufficient amount of funding to reign in global forest loss as a critical source of greenhouse gas emissions,” he said.
This is Ecosystem Marketplace’s second State of the Forest Carbon Markets report, which is compiled annually and builds upon data from hundreds of projects and interviews with dozens of market participants to uncover and analyzes trends by project type, country, and regulatory environment.

“This excellent source of information on market transactions in the forest realm is a vital part of our long-term vision to support land-use projects to reduce greenhouse gas emissions and combat climate change in an environmentally and socially responsible manner,” says Ellysar Baroudy, who manages the World Bank’s BioCarbon Fund.  “The forest carbon market is gaining momentum and it’s important to step back once a year, take stock of the achievements to date as well as the challenges, and use this data to prepare for the future.”

The report shows a decline in the number of projects that plant trees, a steady increase in projects that promote improved forest management, and a surge in projects that save endangered rainforests (REDD – Reduced Emissions from Deforestation and forest Degradation).  Indeed, despite being the source of the earliest carbon offset transactions, REDD projects roared back from near obscurity just a few years ago to account for nearly 70% of the market activity last year.

The report also finds an influx of private-sector project developers, investors and intermediaries willing to market these credits – a clear transition from previous years, when conservation non-profits paved the way by developing most of these projects.

“The influx of private-sector investment is a positive indication that some of the major financial firms have a level of confidence – albeit backed by early-stage market risk – that forest carbon projects will play a significant role in the future of carbon markets and in reducing global GHG emissions,” says Steve Baczko, Director of Commercialization for ERA Ecosystem Restoration Associates Inc.

A strong demand for projects with other environmental and social benefits beyond carbon reductions is also now apparent, particularly through independent certification of each project’s carbon reductions and broader environmental and community benefits.  In 2010, the leading standard for demonstrating carbon reductions was the Verified Carbon Standard (VCS), which was applied to more than half of the credits projects planned to deliver.  Beyond carbon, additional certifications to the Climate, Community & Biodiversity (CCB) Standards found widespread appeal.

The hundreds of projects tracked in this report (many of which have public profiles on Ecosystem Marketplace’s Forest Carbon Portal, www.forestcarbonportal.com), come from a broad spectrum of project developers, governments, indigenous and community groups, and the private sector demonstrate that forests projects can and are meeting many of the demands for high-quality emissions reductions.  What remains to be seen is whether this work of this diverse sector will be meaningfully scaled up and incorporated into the efforts international negotiators and other policymakers are now designing for the bigger fight against climate change and to conserve the world’s forests.

The State of the Forest Carbon Markets 2011 is public and freely available thanks to support from the report’s Premium Sponsors – Wildlife  Works Carbon, ERA Ecosystem Restoration Associates Inc., and the World Bank BioCarbon Fund – and Sponsors – Ecotrust, Face the Future, Forest Carbon Group, Det Norske Veritas, and Baker & McKenzie.
Support for Ecosystem Marketplace comes from USAID, the Gordon and Betty Moore Foundation, the David and Lucile Packard Foundation, the Norwegian Agency for Development Cooperation, the United Nations Development Programme, the Global Environment Facility, and the John D. and Catherine T. MacArthur Foundation.  For a copy of the report, please visit www.ecosystemmarketplace.com/reports/forestcarbon2011.

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S&P, TSE launch carbon-weighted index

The S&P/TOPIX 150 Carbon Efficient Index retains the same constituents as the underlying S&P/TOPIX 150 created in cooperation with the Tokyo Stock Exchange (“TSE”), but utilizes the Carbon Footprint metric to compare the relative emissions of different 

Continue reading at Futures Magazine.

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A complete guide to carbon offsetting

For example, writer George Monbiot famously compared carbon offsets with the ancient Catholic church’s practice of selling indulgences: absolution from sins and reduced time in purgatory in return for financial donations to the church

Continue reading at The Guardian.

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Fairmont Reduces CO2 Emissions by 8.4%

Over the last few years, Fairmont has identified and implemented a number of key initiatives to help reduce its carbon footprint. These have included the creation of an internal framework to track, monitor and report on key energy and carbon data, 

Continue reading at Market Watch.

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Google Discloses Carbon Footprint, Renewable Energy Goals

But the company is among a rare breed that has spent money not just to buy carbon offsets or clean power to reduce carbon footprint, but it also has invested aggressively in advancing renewable energy technology development and deployment. 

Continue reading at Renewable Energy World.

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Australia Senate passes forest, farm offsets scheme

Known as the Carbon Farming Initiative (CFI), the new laws allow farmers and investors to generate tradeable carbon offsets from farmland and forestry projects that polluters can buy and use to meet mandatory emissions reductions. 

Continue Reading at Reuters Africa.

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Bold carbon reductions targets for pig sector

The pig industry has laid down bold targets to reduce its environmental impact, above those set by government. But all sectors of the livestock industry should aim to achieve production efficiencies that will in turn bring environmental benefits.

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TAXING TED: Baillieu supports Gillards carbon agenda

While Prime Minister Gillard has every reason to feel a little glum about the direction of the carbon-dioxide tax debate, she has an unlikely supporter in the form of Victorian Premier Ted Baillieu.

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Waldron opposes carbon tax

NATIONALS Member for Wagin Terry Waldron has confirmed his opposition to a carbon tax.

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Carbon tax: the reasonable solution

Growing unrest in the Middle East has resulted in a more than 60 cent jump in U.S. fuel prices in a two month time period. Rising fuel prices are threatening recovery from the recession just as job numbers and economic indicators are showing real signs of improvement. Why does the United States continue to tolerate economic reliance on foreign oil from volatile Middle Eastern countries? The answer is fear among legislators that any policy solution responsible for a short-term increase in energy prices will destroy a political career. This political cowardice is already resulting in drastic increases in energy prices by making the well-being of U.S. citizens and the health of the economy liable to foreign governments. Political inaction is resulting in the worst-case scenario. Costs are increasing for non-renewable energy sources while the US is falling behind the rest of the world in developing renewable technology.

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WA IT Awards recognises carbon reducing technology

Innovation in carbon reduction technology has been recognised at the Western Australian Information Technology and Telecommunications Awards (WAITTAs) this week, with Greensense taking home the award for best product.

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Industry stays profitable under carbon tax

Steel and cement makers’ profits may be squeezed if the government’s proposed carbon tax is introduced, but most industries will stay profitable, experts say.

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Greens leader Bob Brown flags carbon tax at $40

GREENS leader Bob Brown has revealed big business is modelling a carbon tax of $40 a tonne, a price that would see the cost of petrol and electricity skyrocket.

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100 largest companies ranked by carbon emissions and disclosure levels

For the first time, the UK’s 100 biggest companies have been ranked according to their greenhouse gas emissions and levels of transparency. The Environmental Investment Organisation (EIO), a UK non-profit research body, has created the ET UK 100 Carbon Ranking, spotlighting the best and worst of Britain’s top businesses.

Continue Reading at Privatehealth

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Missouri, Illinois rank among 10 worst carbon dioxide emitters

WASHINGTON – Missouri and Illinois ranked among “the 10 worst states for carbon dioxide pollution” from coal-fired power plants last year, a new report says. And the CO2 emissions from both states increased between 2000 and 2010.

Continue Reading at Stlbeacon

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Govt still undecided on carbon pricing

Australia’s multi-party climate committee had not yet reached an agreement on the politically sensitive issue of how to put a price on carbon emissions, with talks on a new policy to continue over the coming months, Climate Minister Greg Combet said on Friday.

Continue Reading at Businessspectator

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European Union Limits Carbon Emissions from New Vans

STRASBOURG, France, February 15, 2011 (ENS) – The European Parliament today adopted an agreement on new EU legislation aimed at limiting emissions of the greenhouse gas carbon dioxide from light commercial vehicles such as delivery vans.

Continue Reading at Ens-newswire

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U.N. panel eyes ways to expand and speed carbon offsets

(Reuters) – A United Nations panel will discuss this week ways to give poor countries better access to clean energy projects and clear a backlog of applications for carbon offsets, members said in a webcast on Monday.

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City Link cut carbon footprint with Teardrop trailers from Don Bur

City Link, the leading premium express delivery company, is looking to cut its carbon footprint by switching to futuristic fuel-efficient trailers.

Continue Reading at Mhwmagazine

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Carbon market liquidity holds up, despite risks

Liquidity is holding up in the forward carbon market, despite a freeze on spot trading and the risk of buying stolen EU allowances (EUAs).

Traded volumes on the IntercontinentalExchange (ICE) for EUA futures averaged 12.5m tonnes of CO2 equivalent (tCO2e)/day last week. That compares with 10.4m tCO2e/day in the week beginning 10 January, before a hacker attack led to an EU-wide registry suspension (see EDCM 20 January 2010).

Continue Reading at ICIS

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Expiration of Kyoto Would Mean Little for CO2 Markets, EU Says

The possible expiration of the Kyoto Protocol in 2012 would mean

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Offset Ban Will Boost Demand for Africa Carbon Projects, UN Says

The European Unions ban on carbon credit imports linked to some industrial gases will boost demand for Clean Development Mechanism projects in Africa, a United Nations Framework Convention on Climate Change official said.

Continue Reading at Bloomberg

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