Carbon Offsets Daily

Daily carbon offset news, insight, community.

As global carbon-trading market stumbles, investors think locally

Vibhav Nuwal was once an enthusiastic supporter of the global carbon market. The Indian-born banker started in September 2009 to develop carbon credits, targeted at investors in Europe and Japan, for Mumbai-based private-equity fund Managing Emissions. Less than a year later, he quit his job, convinced that the United Nations failure to broker a global agreement to reduce greenhouse-gas emissions meant that the carbon credit market was effectively dead.

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Interim Rules May Be Necessary for UN Carbon Market, EU Says

The United Nations carbon market may need rules to ensure stability during a possible gap period if negotiators fail to iron out a new deal before the current climate treaty expires in 2012, the European Union said.

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  • Published: Mar 17th, 2011
  • Category: USA
  • Comments: None

Northeast Carbon Dioxide Permits Auctioned for $1.89 Each, Minimum Bid

Carbon-dioxide permits in the U.S. Northeast sold at auction this week for $1.89 each, the minimum allowable bid, the Regional Greenhouse Gas Initiative said on its website.

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Xiamen to speed up construction of low-carbon city

Xiamen has recently received approval as a national pilot city for low-carbon living, and it plans to put the low-carbon conception into practice from 6 aspects including trial operation of its diesel-electric hybrid city buses, reports Xiamen Daily.

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Congo community to use carbon payments to put kids through school

KINSHASA, Dem. Rep. of Congo (DRC) March 8, 2011 /African Press Organization/ — A small community in the Democratic Republic of Congo (DRC) that decided to replant its degraded forest is ensuring education for hundreds of children and providing basic health care services

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  • Published: Mar 11th, 2011
  • Category: UK
  • Comments: None

New carbon credit trading platform

ADBA, the trade association for the anaerobic digestion (AD) and biogas industry, has today announced a proposal to create a biomethane based carbon credit trading platform which can also serve as a green gas certification scheme to support the development of the AD industry.

Continue Reading at Lowcarboneconomy

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EU Carbon Rises to Five-Month High Before Regulatory Decisions

European Union carbon rose to its highest price in almost five months before regulatory decisions scheduled this month affecting the supply of permits. Natural gas advanced to a two year high.

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Carbon trading disruptions continue as spot markets close

Bulgaria, Ireland and Norway will reopen their national emissions registries today but security doubts have led two carbon spot markets

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Carbon market vendor claims harassment by city veterinarian

A MARKET vendor who claimed she was being harassed by veterinarian and abattoir chief Dr. Alice Utlang is asking the Cebu City Council to investigate the official.
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EU To Act On Carbon Credit Fraud And Theft

The Climate Change Committee will block the holes that let thieves take

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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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ICE to Flag Unusable Carbon Credits to Rebuild Confidence

ICE Futures Europe, trying to restore investors trust after online thieves targeted emission permits, will publish a list of credits considered unacceptable for delivery.

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Australia plans to tax carbon first and trade later

Australia could phase in an emissions trading system by launching a tax that would later convert into a floating price, according to a cross-party proposal on Thursday.

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  • Published: Mar 1st, 2011
  • Category: USA
  • Comments: None

New Hampshire House Votes to Quit 10-State Carbon-Trading Market

A bill pulling New Hampshire out of the U.S. Northeast carbon cap-and-trade program advanced in the Republican-led state House.

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Austrian Carbon Registry Plans to Reopen Before End of March

Austrias Carbon Registry plans to reopen before the end of March to allow companies

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EU Speeds Up Work on Carbon-Market Oversight After Thefts

The European Union will speed up work on protecting the worlds biggest carbon market from fraud and will discuss with emitters and traders next month how to handle allowances stolen in computer-hacking attacks.

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European Commission moves to beef up carbon trading security

The European Commission has today released long-awaited details of how it plans to bolster online security across the carbon market in the wake of last month’s cyber attacks on national registries.

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EU to Hold Consultations on Stolen Carbon Allowances in March

The European Union executive will hold consultations with stakeholders about security measures for national carbon registries and addressing the issue of emission allowances stolen in computer-hacking attacks.

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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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European Union faces legal action over fraudulent carbon emissions trading

The European Union faces legal and political challenges over its handling of the carbon markets which remain in chaos after a cyber attack forced partial closure of the Emissions Trading Scheme.

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Carbon jobs market resilient to recession

Employment and incomes in the climate change and carbon sector appear to be holding up well in the face of ongoing economic hardship, the results of a worldwide survey shows. Average salaries rose and respondents overall reported greater levels of job security and satisfaction compared to 2009, the Carbon Salary Survey 2010 found. The only worldwide job market appraisal in this field surveyed 944 participants in the climate change, carbon markets, renewable energy and clean technology fields in all regions. It was conducted in September and October by recruitment firm Acre Resources and corporate sustainability consultancy Acona.

Continue Reading at Carbonpositive

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

The California Carbon Rush – Will it succeed?

Under Californias new carbon trading system, big polluters will be paying through the nose for the privilege.

And so will everyone else in the state.

The basic premise is

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  • Published: Feb 23rd, 2011
  • Category: USA
  • Comments: None

California 2020 carbon price seen $75: Point Carbon

(Reuters) – California begins a market for greenhouse gases next year and prices will rise several times over between 2012 and 2020 under the plan to address climate change, Thomson Reuters research firm Point Carbon forecasts in a new report.

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Fixed carbon price will be first step to trading scheme

A ”HYBRID” model of a fixed carbon price leading to an emissions trading scheme is likely to be agreed by the multi-party climate committee on Friday as the foundation for a new greenhouse reduction policy.

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