Carbon Offsets Daily

Daily carbon offset news, insight, community.

Nuclear Halts May Lift Carbon Permit Price Up to 15%, New Energy Says

European Union carbon prices may rise as much as 15 percent for the eight year through 2020 if Germany decides to permanently cancel extended use of its nuclear fleet, according to Bloomberg New Energy Finance.

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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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Reuters Summit-BA sees big biofuel role for cutting plane carbon

* Biofuel could cut plane carbon emissions by 20 pct by 2030

* Aviation biofuel costs similar to jet fuel

LONDON, Oct 13 (Reuters) – Biofuels have a growing role to play in cutting carbon emission in the aviation sector and could save airlines millions of euros in carbon costs, the British Airways (BAY.L: Quote) head of environment told Reuters on Wednesday.

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ANALYSIS-Frustrated EU carbon traders play waiting game

| Sourced From Forexyard |

COLOGNE, Germany May 28 (Reuters) – Major changes proposed to the European Union’s emissions market could dramatically alter the landscape for traders, who are increasingly frustrated by regulatory uncertainty and political stalemate.

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  • Published: Apr 23rd, 2010
  • Category: USA
  • Comments: 4

Opinion: Carbon trading’s dubious salesmen:Goldstein

Today’s question is this:

Would you buy a used carbon market from the following self-proclaimed “masters of the universe”?

That is, the same giant investment houses that just finished helping to crash the global economy by recklessly trading in risky subprime mortgage loans and other bizarre investment vehicles few people understood?

Continue Reading at TorontoSun

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  • Published: Apr 5th, 2010
  • Category: UK
  • Comments: 6

Costs, confusion greet new carbon trade scheme

LONDON (Reuters) – The government’s new scheme to cut corporate energy usage and carbon emissions will slash billions from power bills, according to the government, but companies remain confused over compliance and concerned over its costs.

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View: EU Urged to Claw Back Surplus Carbon Trading Permits

In a few months time, the EU Emissions Trading System must finalize the sectors that will receive exemptions meant to avoid carbon leakage for Phase III of the EU ETS.

Continue Reading at SolveClimate

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  • Published: Mar 20th, 2010
  • Category: Europe
  • Comments: 3

European emission trading rocked by scandal over recycled carbon permits

EUROPE’S emissions trading system was in uproar yesterday amid a mounting scandal over “recycled” carbon permits.

Two carbon exchanges were forced to suspend trading as panic hit investors fearful that they had bought invalid permits.

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CO2 Projects Suffer in Unstable Market, Baker & McKenzie Says

March 3 (Bloomberg) — Spending to cut greenhouse gas emissions is less appealing after last years climate summit in Copenhagen unsettled investors, according to an attorney at Baker & McKenzie LLP.

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  • Published: Mar 10th, 2010
  • Category: Europe
  • Comments: 3

UPDATE 2-EU plans two platforms, 2011 start for CO2 auctions

* EU officials propose plan for ETS auctions from 2013

* Draft foresees two platforms, early auctioning from 2011

* Plan says to cancel auctions if prices “abnormally low”

BRUSSELS/LONDON, March 3 (Reuters) – The European Commission is considering auctioning emissions permits from 2011 over centralised platforms and might cancel auctions if carbon prices are “abnormally low”, two leaked documents seen by Reuters on Wednesday show.

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  • Published: Mar 9th, 2010
  • Category: USA
  • Comments: 3

EPA Has No Plans for Own Carbon-Trading Program, Jackson Says

March 8 (Bloomberg) — The Obama administration has no plans to set up a

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  • Published: Feb 26th, 2010
  • Category: Global
  • Comments: 7

Carbon Market Headlines, Fri Feb 26, 2010

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.

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  • Published: Jan 9th, 2010
  • Category: Global
  • Comments: 8

Bulgaria sends revised 2008-12 CO2 plan to Brussels

SOFIA (Reuters) – Bulgaria’s new government approved on Wednesday a long-delayed revision of its 2008-12 national plan that allocates carbon permits to industries to meet European Union requirements and sent to Brussels for approval.

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  • Published: Jan 9th, 2010
  • Category: Global
  • Comments: 2

Nopenhagen Wrecks Havoc on Carbon Markets, Cleantech Investment

We can pretend that something was accomplished at Copenhagen last week, but the invisible hand of the market doesnt b-s. After the close of talks at the Bella Center, with its watered down

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  • Published: Jan 5th, 2010
  • Category: USA
  • Comments: None

Carbon traders fear slump in global markets

While President Barack Obama is expected to try to push a cap-and-trade system through the US Senate in the first half of next year, there has been widespread criticism that the accord struck between the US, China, India, South Africa and Brazil is too weak to tackle climate change.

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  • Published: Dec 26th, 2009
  • Category: Europe
  • Comments: 1

Cap-and-Trade Carbon Credit Extortion Scam In Full Swing

WND research reveals the European Union’s cap-and-trade exchange is vulnerable to a sophisticated form of corporate extortion in which EU bureaucrats in Brussels are manipulated into paying hundreds of millions of dollars in carbon permit bribes to keep companies from moving jobs to Third World nations

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Australia Coal Mines Can Bear Proposed Carbon Cost (Update1)

| Sourced From Bloomberg.com |

Oct. 27 (Bloomberg) — Australias coal-mining industry can afford the cost of carbon reduction proposed by the governments climate change legislation, Greg Combet, the minister assisting the minister for climate change, said today.

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SCENARIOS: How may EU court ruling impact carbon trade?

(Reuters) – Several European countries on Thursday pressed claims to relax limits on their industrial carbon emissions, after the European Union’s second highest court on Wednesday annulled the caps for Poland and Estonia.

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UPDATE 1-Netherlands acts on tax fraud in carbon market

| Sourced From Forexyard.com |

(Updates with EU Commission comment)

LONDON, July 15 (Reuters) – There are “clear indications” of fraudulent activity in the Dutch carbon emissions market, the Dutch ministry of finance said regarding its decision on Tuesday to take steps to prevent value-added tax (VAT) fraud.

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NZ, Australia CO2 schemes need parity, panel hears

| Sourced From Reuters |

WELLINGTON, May 11 (Reuters) – New Zealand’s carbon trading scheme needs to have parity with emissions trading plans in Australia, a government committee reviewing emissions laws heard on Monday, its last day of oral submissions.

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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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POLL-EU gets carbon permit supply right for 2008

LONDON, Feb 18 (Reuters) – Europe avoided giving industry too many carbon permits under its Emissions Trading Scheme in 2008, ending a three-year trend of over-allocation that badly undermined the market, a majority of analysts say.

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