Carbon Offsets Daily

Daily carbon offset news, insight, community.

N Korea wants to sell carbon credits for cash

North Korea is planning to sell United Nations-backed carbon credits in an effort to secure hard currency.

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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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Down side to carbon credits, farmer warns

Auchterless could be carbon-neutral under the proposed emissions trading scheme (ETS), but station owner Alan Garden warns selling carbon credits from trees is not the financial windfall it seems at first.

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  • Published: Mar 12th, 2011
  • Category: USA
  • Comments: None

Opinion: The economy of carbon footprints

A few days ago I commented that I did not believe I would feel any worse if a gun were pointed at my back when I have to pay for gasoline. I had watched gas prices jump 25 cents per gallon that weekend and now the

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Estonia

If the country was looking for something other than IT to give the name of Estonia a brand new popularity, the agreement signed by the State with the Japanese car producer Mitsubishi might be the answer many have been looking for.

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  • Published: Mar 4th, 2011
  • Category: India
  • Comments: None

PSU eyes carbon credits for banyan plantation

The Gujarat State Fertilizer and Chemicals Limited has decided to go for carbon credit auditing in the next three years expecting assured returns for the massive banyan tree plantation done in the companys campus on the city outskirts and at other locations.
Continue Reading at Indianexpress

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Potential for fraud in carbon markets: PwC

As Canada looks to carbon markets as a way to curb emissions, recent controversies in Europe have raised concerns on their viability and susceptibility to fraud. Jonathan Holmes, forensic accountant at PricewaterhouseCoopers, tells BNN fraud continues to plague carbon markets and companies should act with caution.

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The great carbon credit heist — Will E-Thievery bring down cap-and-trade?

Last month, an Eastern European criminal band pulled off a roughly $60 million heist with no masks and no guns. How’d they do it? Well, the bandits were hackers, and the goods they stole — carbon credits — only exist electronically. The culprits penetrated registries in five European Union countries, prompting the European Commission to suspend spot trading at all 30 of the region’s national registries until it could track down the missing credits. Spot trading resumed at several registries earlier this month, but some of the largest exchanges remain inactive and volumes are thin. While the feat highlights the kinks in the relatively new carbon market, as well as the growing importance of cyber security as more and more of the (especially clean) energy landscape goes digital, it won’t slow the EU’s cap-and-trade program.

Continue Reading at Eurasia.foreignpolicy

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Hackers target European carbon registries

An Eastern European cybergang has perfected an emerging form of digital theft to steal millions of dollars from Europe’s carbon registries.

Continue Reading at Usatoday

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  • Published: Feb 24th, 2011
  • Category: India
  • Comments: None

State eyes carbon credits through tree campaign

The ambitious rural tree plantation scheme where the government wanted every villager to plant at least on tree each will soon be taken to the next level. After having achieved planting of 5.93 crore over the past one-and-half-year, just a few lakhs short of the magic figure of 6.25 crore trees
equal to the rural population, the state has already started thinking of earning some green points to support the project further.

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Greens may block carbon farming bill

The Australian Greens have indicated they will block federal government moves to give farmers carbon credits for planting trees.

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Carbon Credits

The Saskatchewan government is currently drafting regulations to establish the rules for buying and selling carbon offsets.

Carbon is sequestered in the ground by no-till farming practises, reducing the amount of greenhouse gases.

Continue Reading at Saskatoonhomepage

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  • Published: Feb 16th, 2011
  • Category: Asia
  • Comments: None

S. Korea may delay carbon trading system: official

AFP – South Korea may not set up a carbon credit system by 2013 as planned because it needs more time to create a viable formula for reducing emissions without hurting growth, a top official said Thursday.

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Kenyan project issues first REDD credits-Point Carbon

LONDON, Feb 9 – A Kenyan project has become the first to issue Redd credits under the Voluntary Carbon Standard.

NGO Wildlife Works announced Tuesday its reducing emissions from deforestation and degradation (Redd) project in Kenya’s Kasigau Corridor became the first to be issued with VCS carbon credits, known as Voluntary Carbon Units (VCUs).

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Austria refuses to identify stolen carbon credits

Austrian authorities have refused to publish the serial numbers of nearly 500,000 carbon allowances stolen from its registry in last month’s cyber attack, in a move that has prompted fresh criticism of the European Commission’s handling of the fraud.

Continue Reading at Businessgreen

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Opps for landfills in carbon farming scheme

Minister for Climate Change and Energy Efficiency, Greg Combet and Minister for Agriculture, Fisheries and Forestry, Senator Joe Ludwig have released draft legislation and guidelines for the Carbon Farming Initiative (CFI), a carbon offsets scheme for industries including landfill. In overall terms, the Australian Landfill Owners Association (ALOA) is supporting the initiative for the inclusion of landfill gas but has some concerns which it has raised in its submission to government.

Continue Reading at Insidewaste

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EU and carbon trading

The European Commissionรข

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Bulgaria regains carbon trade accreditation

Bulgaria has been allowed back into the trade in greenhouse gas emission allowances after the Enforcement Branch of the Compliance Committee of the Kyoto Protocol decided at a meeting in Bonn on February 5 2011 to restore its accreditation.

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The Howling Wilderness of Carbon Credits

One of central causes of the financial meltdown was the lack of transparency in the complex derivatives, like bundled mortgages and credit default swaps.

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CARBON FRIENDLY APPOINTS BEN ZION LIVNEH AS NEW DIRECTOR

Carbon Friendly Solutions Inc. (CNSX: CFQ) (“CFS” or the “Company”) is pleased to announce the appointment of Ben Zion Livneh to the Company’s Board of Directors.

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Carbon trading steady, awaiting spot trades

EUAs traded sideways early on Friday, as traders awaited spot dealing on Bluenext. The Paris-based bourse reopened its platform at 0700 GMT following a 14-day suspension after installing a new filter to screen stolen EUAs. Some market watchers welcomed the move, which was announced after the market closed on Thursday, but said it may take time for dealing to resume as new procedures were followed.

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  • Published: Feb 9th, 2011
  • Category: UK
  • Comments: None

UK allowed to restart spot carbon trading

Just five countries out of 27, including Britain, were allowed to open their national registries. However, ICE, the main London-based exchange for European trades, will remain closed while other countries improve security.

Continue Reading at Telegraph

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  • Published: Feb 7th, 2011
  • Category: UK
  • Comments: None

U.K. CO2-Fraud Trial Set for Next Year, Carbon Finance Says

The trial of seven people charged with defrauding the U.K. government of 38 million pounds ($61 million) of value-added tax via the greenhouse gas markets may take place starting in February next year, the Carbon Finance website reported.

Continue Reading at Bloomberg

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  • Published: Feb 2nd, 2011
  • Category: Asia
  • Comments: None

Dubai centre plans to sell carbon credits in market

Dubai: The first carbon trading centre in the Middle East based in Dubai plans to offset five million tonnes of carbon annually by selling carbon credits on the international market, said one of its stakeholders.

Continue Reading at Zawya

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  • Published: Feb 1st, 2011
  • Category: Asia
  • Comments: None

Dubai centre plans to sell carbon credits in market

Dubai: The first carbon trading centre in the Middle East based in Dubai plans to offset five million tonnes of carbon annually by selling carbon credits on the international market, said one of its stakeholders.

Continue Reading at Gulfnews

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