Carbon Offsets Daily

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Lawrence Solomon: The $7-billion carbon scam

| Sourced From Opinion.financialpost |

Scam artists from around the world, capitalizing on lax regulations at the Danish emissions trading registry, have made off with an estimated $7-billion over the last two years, according to Europol. Denmarks Office of the Auditor General is now investigating the fraud, which occurred after the Danish registry dropped requirements that carbon traders be documented. While allowing a free-for-all served the carbon market on the short term, by appearing to inflate the interest in carbon as a commodity, it ultimately backfired when much of the trading proved to be phony.

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  • Published: Jul 21st, 2010
  • Category: Europe
  • Comments: 2

European Union Eases Stance on Limits for National Carbon-Dioxide Auctions

| Sourced From Bloomberg |

The European Union backed away from setting time limits on national platforms for carbon auctions in the next phases of its cap-and-trade program, deciding instead to review how they are working within five years.

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  • Published: Jul 16th, 2010
  • Category: UK
  • Comments: None

Carbon traders grab hefty pay increases

| Sourced From Thestar |

The pay gap between carbon traders and more conventional energy traders has halved in three years, with the market increasingly part of the City’s mainstream, according to the headhunter Selby Jennings.

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  • Published: Jan 28th, 2010
  • Category: USA
  • Comments: 6

Opinion: Brrrrr: Time to stop selling those carbon credits

I must admit that I did not believe that exchanging carbon credits could cure global warming. I felt that Al Gore, having failed to enrich himself after inventing the Internet, was now enriching himself by buying and selling carbon credits (which he also invented). Imagine my surprise, then, when I learned that my hometown in Iowa is having the coldest and most miserable winter they have ever had. Spencer, Iowa, is not alone; the rest of the United States as well as the world is likewise experiencing record cold weather. It is apparent that Al Gore and his fellow carbon traders have cured global warming. It is time to stop trading carbon credits lest the world become too cold.

Continue Reading at Times-Standard

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EU CO2 Traders Buy Record Puts, Send Bearish Signal (Update1)

| Sourced From Bloomberg.com |

July 2 (Bloomberg) — European Union carbon traders bought a record amount of put options last month to protect themselves against declining prices for emission allowances.

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  • Published: Apr 30th, 2009
  • Category: USA
  • Comments: None

Carbon traders call for land-use offsets in climate deal

| Sourced From EurActive.com |

Reducing emissions from land use should play a key role in the post-Kyoto climate agreement, the International Emissions Trading Association (IETA) said yesterday (27 April).

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Avoid strong secondary carbon markets

| Sourced From Grist |

In solving the climate crisis we need to avoid creating the type of large secondary emissions trading market Kyoto did. Large secondary emission markets constitute a whole new sector with strong incentives that conflict with a really large drop in emissions. Maybe carbon traders are so noble and dedicated to saving the planet that financial self-interest won’t influence them. But, if your view of human nature is that incentives matter, then a strong secondary market creates a group of people with the wrong ones. If incentives matter, then a secondary carbon market runs a real risk of becoming the new sub-prime.

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