Carbon Offsets Daily

Daily carbon offset news, insight, community.

VANOC reveals plans for carbon offsets; sets target

| Sourced From The Globe And Mail.com |

VANCOUVER — The 2010 Olympics are turning to the private sector to help offset carbon emissions during the Winter Games.

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Poland may get CO2 permits from EU mid-April: source

WARSAW (Reuters) – Poland may receive long-awaited permits for its 2008 carbon dioxide emissions around the middle of next month, a source close to the matter said on Monday.

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UN to Randomly Test CDM Emissions Certifiers

| Sourced From Environmental Leader |

The Executive Board (EB) of the United Nations Clean Development Mechanism (CDM) announced tighter standards and streamlined procedures for the accreditation of third-party certifiers at a recent board meeting in Bonn, Germany, according to Energy Risk.

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Australia opens bidding for undersea carbon plan

PERTH, March 27 (Reuters) – Australia opened the bidding on Friday for ten offshore areas that will be used to store carbon dioxide, bringing its pioneering plan to reduce emissions by pumping the greenhouse gas beneath the ocean floor a step closer to reality.

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Top China think tank proposes greenhouse gas plan

BEIJING (Reuters) – A top Chinese state think tank has proposed a global greenhouse gas trading plan to reflect the different historic emissions of rich and poor nations, indicating deepening discussion in Beijing about climate change policy.

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Low-carbon Britain makes sound business says npower report

| Sourced From Birmingham Post |

Businesses that make emissions reduction a board level priority and embrace new skills can reap the rewards of a low-carbon Britain, according to a new report.

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ETS ‘to shrink regional growth’, says secret NSW Government report

| Sourced From The Australian |

REGIONAL economies could shrink by more than 20 per cent over the next 40 years under the Rudd Government’s emissions trading scheme, according to secret modelling commissioned by the NSW Government but never released.

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Carbon trade could fund high-speed U.S. trains: CCX

NEW YORK (Reuters) – Carbon markets could one day help support the development of U.S. high-speed commuter rail lines, the head of the Chicago Climate Exchange (CCX) said on Tuesday.

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U.S. Big Steel pushes for carbon fees on China

NEW YORK – China’s steel industry should face fees on its exports into the United States if Washington adopts greenhouse gas cuts and Beijing does not, U.S. steel industry officials and advocates said.

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Rising CO2 prices boost project developers’ shares

LONDON, March 23 – Rising carbon prices are helping boost shares in clean energy project developers, weeks after bearish sentiment in the carbon market forced them to record lows. UK-based project developers EcoSecurities (ECO.L) and Camco (CAMIN.L) have seen their shares more than double in the past six weeks, supported also by increased institutional investment and favourable analyst recommendations.

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Indec sues Regional Greenhouse Gas Initiative over carbon cap and trade program

| Sourced From Examiner |

Indec, a utility with power plants in the Northeast, has sued in the New York Federal District Court over the Constitutionality of the Regional Greenhouse Gas Initiative (RGGI). This is good news. The RGGI is an a new and untested voluntary state regulatory approach to GHG and Climate Change control. The Western Climate Change Initiative includes several Western States and Canadian Provinces stretching to Quebec on the East Coast. The Mid-Western Initiative is also a nascent regional effort. These gestating initiatives will greatly set the precedence for the Obama Administration, Congress, the Supreme Court and the EPA as a Federal cap and trade GHG program is fashioned over the next five years.

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States Release Results of Third Auction for RGGI CO2 Allowances

| Sourced From NewsLI |

(New York, N.Y.) The states participating in the Regional Greenhouse Gas Initiative (RGGI) today announced the results of the third auction for RGGI carbon dioxide (CO2) allowances. The March 18th auction was the first since compliance obligations under RGGIs first three-year control period began January 1, 2009.

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Five countries to get UN funds for reducing carbon emission

| Sourced From The Times of India |

NEW YORK: Five countries in Africa, Asia and Latin America will receive a fund of $8 million from a United Nations programme aimed at reducing greenhouse gas emissions from forests while boosting local livelihoods.

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Global carbon price unlikely for 10-15 years: analysts

COPENHAGEN (Reuters) – A single global price for carbon emissions is not likely for another 10 to 15 years because governments are dragging their heels on legislation, market analysts said on Wednesday.

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Carbon market suffers pinch of recession

COPENHAGEN, March 17 (Reuters) – The impact of recession on the global carbon market was evident at a Point Carbon emissions trading conference this week, with attendance down about a fifth from recent boom years.

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Carbon trading: pulling the cap on tight at Copenhagen

| Sourced From Guardian.Co.UK |

Yesterday was day one of a conference on carbon trading a phenomenon that will either save the world from rising carbon emissions, or is a “scam” that is part of the problem.

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CARBON OFFSETS SCAM

| Sourced From National Center for Policy Analysis |

While much media attention has been paid to “cap-and-trade” schemes as a way to prevent global warming, there is a second path to “global warming” salvation — carbon offsets. But it’s all just smoke and mirrors, says Sterling Burnett, a senior fellow with the National Center for Policy Analysis.

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Brokers still piling into carbon trading market

Brokers are still cramming into the $120 billion carbon emissions trading market four years after its launch, despite tumbling European carbon prices and grim economic conditions.

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SA wants carbon capture operation in place by 2020

| Sourced From Business Today |

SA WANTS to have a fully operational carbon capture and storage demonstration plant by 2020, according to the South African National Energy Research Institute (Saneri), the government body responsible for energy research and development.

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Obama Tells Business Roundtable:

| Sourced From WorldChanging |

Obama spoke to the CEO’s from the world’s biggest companies yesterday and, “offered his most extensive remarks on global warming policy since taking office yesterday,” as E&E Daily (subs reqd) reports.

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UPDATE 2-Climate Exchange ’08 volume surges, loss narrows

* Trading volumes across EU and U.S. more than double

* 2.5 mln pound pretax loss, 65 pct increase in revenues

* Analysts question whether market dominance will continue

LONDON, March 12 (Reuters) – British emissions exchange operator Climate Exchange Plc (CLIE.L) said on Thursday that trading volumes on its two main exchanges more than doubled in 2008 and its loss before tax narrowed to 2.5 million pounds.

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NZ looking to relaunch stalled carbon trade scheme

WELLINGTON (Reuters) – The New Zealand government is expected to move to revive its emissions trading scheme in coming months and is closely watching neighboring Australia, which has just unveiled its carbon trade laws.

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Newspaper Promo Offsets Carbon Emissions

|Sourced From The Environmental Leader |

Save the Planet and Win, a social network dedicated to raising global carbon awareness, is helping to neutralize the carbon footprints of newspaper readers.

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CEZ says good time to buy carbon credits

PRAGUE (Reuters) – Carbon prices are attractive and it is good time to buy pollution credits for future use, Czech power firm CEZ Sales Director Alan Svoboda said on Tuesday.

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S&P’s new low carbon index

| Sourced From MNN |

Today, the S&P 500 Index closed down one percent to 676.53.

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