Carbon Offsets Daily

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  • Author:
  • Published: May 16th, 2010
  • Category: Europe
  • Comments: 3

EU carbon emissions, price forecasts to 2020

(Reuters) – European Union carbon permit prices have had a rollercoaster ride over the past 45 days, and according to varying estimates made by analysts in the latest Reuters emissions poll, the volatility may not be over yet.

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Carbon plan may break us: generator

The country’s largest single power generator, Macquarie Generation, has warned that its viability is threatened by the Federal Government’s proposed emissions trading scheme.

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Green surge gives carbon trade hub its first profit

| Sourced From Independent.co.uk |

Carbon passed a milestone on the road to acceptance as a tradeable commodity yesterday as the Climate Exchange recorded its first ever profit.

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Coalition urges carbon credits for farmers to mirror US bill

| Sourced From Theaustralian.news.com.au |

COALITION MPs have urged the Rudd government to amend its emissions trading scheme further to ensure proposed US emissions laws do not disadvantage Australian farmers.

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Carbon Pollution Bill’s Day in Senate Sun to be Eclipsed

| Sourced From Theepochtimes.com |

CANBERRALabor’s plans to have its carbon pollution reduction scheme (CPRS) approved by parliament are certain to be dashed in the final sitting week before the winter break.

Debate on the 11 bills introducing an emissions trading scheme in mid-2011, due to begin on Monday, was to have been the main focus before the six-week break.

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Uranium: A Carbon-friendly Substitute for Coal

| Sourced From DailyReckoning.com.au |

Meanwhile, here in Australia, while the federal budget deficit looms as a growing threat the structural health of the economy, there are actual positive economic stories going on, mostly in the energy and resource markets.

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Loophole breeds speculation in EU carbon market

| Sourced From WBCSD.org |

AFP, 29 April 2009 – A legal loophole is allowing traders to influence the price of carbon permits in Europe’s emissions trading scheme, and indirectly wholesale electricity prices too.

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NZ issues fewer CO2 permits to forestry than plan

| Sourced From Forexpros.com |

SINGAPORE, April 16 (Reuters) – New Zealand expects to allocate up to 1 million emissions permits to forestry owners by next month, a fraction of the 8 million set aside for issuance this year to the sector, the government said on Thursday.

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UPDATE: Poland To Transfer 08, 09 CO2 Rights To Cos In Days

| Sourced From EasyBourse |

WARSAW -(Dow Jones)- Poland will transfer carbon dioxide emission rights for 2008 and 2009 to companies participating in the European Union’s Emissions Trading Scheme in days, a top government official said Thursday.

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Carbon trading pressure is rising

| Sourced From My Small Business |

The Australian Government insists that it is not changing its plan to launch an emissions trading scheme in just over a year’s time, but the pressure to do so is rising as bad economic numbers roll in, and the advice it is getting from the business community has split in a very interesting way.

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Carbon scheme changes mulled

| Sourced From Stuff.co.nz |

Climate Change Minister Nick Smith says changes to the Government’s emissions trading scheme (ETS) may be necessary to prevent an exodus of industry across the Tasman.

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Big business faces $5bn carbon bill

| Sourced From The Age BusinessDay |

AUSTRALIA’S top 200 companies will have to pay $4.8 billion under an emissions trading scheme unless they reduce their carbon impact. Superannuation fund VicSuper’s Carbon Count 2008 report found that companies in the ASX 200 emit 243 million tonnes of greenhouse gas globally, including emissions from direct suppliers or 42 per cent of Australia’s emissions.
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More concerns over Australian carbon trading scheme

| Sourced From ABC News |

Australia – Another Tasmanian industry has expressed concern at the Federal Government’s proposed carbon trading scheme. Cement Australia, based at Railton, says as a high emissions polluter the company would get some transitional funding from the government.
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Former Australian treasurer casts doubt over carbon trading

Australia’s former federal treasurer, Peter Costello, says the government’s proposed carbon trading scheme could be threatened by the changing economic situation.
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Australia: Investors Put in More Despite Upcoming Carbon Trading Scheme

Though critics have long believed the emissions trading scheme would squeeze out capital and jobs from the Australian market, current figures show an opposite trend. The Australian Bureau of Statistics revealed a 5.7% increase in capital spending in the last quarter. Even the mining sector saw a 9% boost in capital expenditure, and forecasts for the next year are even higher. In addition, the Australian Bureau expects other sectors to grow too in terms of their investments.

Investments Increase despite Carbon Trading Scheme

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BCA Research Says Australian Emissions Scheme Would Shift Businesses, Jobs Overseas

An organization of CEOs from 100 large Australian firms has now entered the struggle for a lighter emissions scheme. The Business Council of Australia (BCA) says that the current emissions trading plans of Rudd government would force Australian firms to pack up their bags and run for another country where laws are in their favor.

Australian Emissions Scheme Shifts Businesses and Jobs Overseas

BCA actually took real-world data from 14 large firms and hypothesized the post-ETS situation in their books. A close look revealed that 3 of the firms would have to pay so large a price for carbon that they would have no other option than to shut down. Two others amongst the 14 would certainly have a pretty doubtful future.

According to the study conducted by BCA consultants Port Jackson Partners, the average firms pre-tax revenue would face a 22% reduction because of the emissions trading scheme.

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Carbon Reduction Commitment to Bring Cash Flow Problems: KPMG

KPMG has warned that UK businesses participating in the upcoming Carbon Reduction Commitment (CRC) may experience a major cash flow impact because of the scheme. The consultancy firm advised its clientele to begin appraising their CO2 emissions soon, so that they will be knowledgeable of their emissions and can prepare to go through the Commitment smoothly.

Carbon Reduction Scheme Affects Cash Flow

The CRC will be incorporated into legislations via the forthcoming Climate Change Bill and will come into effect from October next year. Around 10,000 organizations excluded from the EU emissions scheme will be part of this new Commitment that also includes the public sector.

KPMG also asserted that firms purchasing green electricity will also be part of the CRC, which will have all organizations that spend over

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Aussies and Kiwis Consider Linking Carbon Markets

New Zealand will host a conference of climate specialists this week where talks will be held if Aussies and Kiwis can have their emissions schemes linked with each other to have a wider range of abatement options. Critics like KPMG climate change analyst Antony Cohen believe this can shoot carbon permits prices to $40 per tonne in Australia and can also increase electricity rates by 30%.

Australia New Zealand Carbon Market Emissions Trading Scheme

Aussies currently plan a scheme which will restrict import of carbon permits and will totally disallow their export, whereas New Zealand does not have any such restrictions in their scheme.

The 4th Australian-New Zealand Climate Change and Business Conference (PDF) will be held in Auckland from August 18-20 and Rudd will meet Kiwi PM Helen Clark to consider the carbon trading schemes.

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Australian Carbon Market: A Big Deal

The Reuters reports that the Australian over-the-counter (OTC) carbon trading market coughed up its biggest deal yet when 20,000 tons of carbon were sold forward at the rate of $19.51 a ton. The deal might be the biggest so far but there’s still a long way to go, what with the country’s per capita emissions being one of the highest in the world.

Though Australia is slated to launch a carbon cap-and-trade scheme in July 2010, an OTC carbon market has sprung up to cater to the demands of big polluters who are looking to purchase permits now in anticipation of price hikes once carbon trading begins in 2010. Permits in well- established carbon markets such as Europe are being traded at more than twice the Australian rate.

The 2010 scheme will cover 1,000 of Australia’s biggest polluters, that is, those who generate more than 25,000 tons of carbon emissions per year. Businesses will need to purchase a permit for each metric ton of carbon produced. The idea is to put a price on pollution so as to reduce Australia’s gigantic carbon footprint.

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Cogeneration Users and Japanese Government Dispute over Calculation of Emissions Reductions

Before the Japanese government can decide on a carbon trading scheme, it has to figure out whos got it right on emissions calculations.

Firms using cogeneration systems blame the government for miscalculating the carbon cuts they have realized. These firms, along with gas companies that sell cogeneration generators, believe the governments formula for estimating emissions isnt appropriate. The amount of emissions reduced can vary depending on the type of power plant used to generate electricity.

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UK: Airlines and Air Travelers Paying More Taxes Than Required to Offset Environmental Costs

The Emissions Cost Assessment released by the British government revealed that airline travelers are currently paying more carbon taxes than would normally be required to offset the extent of damage they are causing to the climate.

The Dept

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