Carbon Offsets Daily

Daily carbon offset news, insight, community.

  • Author:
  • Published: Feb 2nd, 2010
  • Category: Europe
  • Comments: 2

Opinion: Call for EU carbon tariffs on imports from defaulters

THE EUROPEAN Commission should immediately bring forward proposals for

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EU states divided over jump to 30% cut in CO2

European Union member states are divided over the bloc’s pledge to raise its CO2 commitment up to a 30 percent cut by 2020 in the wake of the Copenhagen UN climate summit debacle.

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  • Author:
  • Published: Jan 14th, 2010
  • Category: Europe
  • Comments: 6

Carbon tax wrong way to tackle climate: EU trade chief-to-be

BRUSSELS Incoming European Union trade chief Karel De Gucht on Tuesday ruled out pursuing French-led calls to impose a carbon tax at the EU’s borders, warning that such ideas risk triggering trade wars.

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Online tool tracks EU advances in low-carbon technology

| Sourced From Greenbang.com |

A new online tool launched by the European Commission lets users track how different regions are investing in low-carbon technologies, and where those technologies are likely headed in years to come.

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Groups: EU CO2-reduction gift inadequate

| Sourced From Timesoftheinternet.com |

Several groups have criticized the European Union for paying as little as $2.9 billion a year to help fund carbon reduction measures in developing countries.

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EU pledges billions for post-Kyoto climate deal

* Poor nations need 100 bln euros per yr by 2020 – EU
* EU could give 2-15 bln euros a yr by 2020 in climate deal
* EU could fund up to 2.1 bln euros in 2010-12

UPDATE 3- BRUSSELS, Sept 10 (Reuters) – Europe could pay up to 15 billion euros ($22 billion) a year to poor countries to break an impasse over who should foot the bill for tackling climate change, the European Union’s executive arm said on Thursday.

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Credibility of project-based offsetting in tatters

Over the weekend there was news that a company called SGS was suspended by the United Nations from its role as an auditor of carbon offset projects. SGS had been appointed by the UN to check that offsetting projects were being set up properly and reduced greenhouse gas emissions.

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Airways Will Pay for CO2 Emissions from 2012

| Sourced From English.cri.cn |

Starting from 2012, the aviation sector, including 33 Chinese airways, will have to pay for the CO2 it emits and increase their operation costs under the Emission Trading Scheme (ETS) of European Union (EU), China Business News (CBN) reported Tuesday.

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Carbon Trading in Aviation: Birth of a New Market – new market report just published

| Sourced From Pr-inside.com |

www.companiesandmarkets.com/Summary-Market-Report/carbon-trading ..
The European Union has made waves in the carbon trading industry by including the aviation sector under emissions trading. This is accompanied by carbon emission efforts on part of airlines and airports in the Western world. Many airports and airlines are coming to the forefront of the climate change battle.

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  • Published: Apr 20th, 2009
  • Category: Asia
  • Comments: None

China ready to work with EU on CO2 reduction

| Sourced From

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EU steel reaps $1.5 bln benefit from carbon trade

| Sourced From Reuters |

LONDON, April 9 (Reuters) – European steelmakers received over $1 billion worth of unneeded carbon permits last year under the European Union’s Emissions Trading Scheme, EU data show, a benefit attributed to aggressive lobbying.

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UK Study Recommends Carbon Trade at Eight Times its Current EU Price

| Sourced From

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Government incentives needed to encourage businesses to reduce their carbon footprint

| Sourced From PublicTechnology.Net |

A recent carbon accounting survey by Access Accounting has highlighted that the Government is not doing enough to motivate businesses to make carbon-reduction initiatives a priority in the workplace. 84% of respondents felt that the government needed to do more, while only 5% felt no motivation was needed.

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EU Permits Rise as Europe Falls Short on Cutting Carbon in 2008

| Sourced From Bloomberg.com |

April 1 (Bloomberg) — Carbon emission prices advanced for a second straight day after a European Union report signaled that factories and power stations failed to reduce pollution last year as much as some traders and analysts anticipated.

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EU leaders agree to repay carbon debt

| Sourced From Diario Del Web |

Brussels, Belgium European leaders agreed to raise money for developing countries to tackle climate change at the EU Spring Summit in Brussels today, but failed to put any money on the table to support their plans. Greenpeace believes the lack of concrete financial commitments does not bring the world any closer to a global climate deal at the end of this year.

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Carbon market poised for first wave of post-2013 trading

| Sourced From Business Green |

The first wave of trading in EU carbon allowances (EUAs) for the next phase of the scheme starting in 2013 is expected to take off within the next few months, in a sign that many participants in the market remain confident in its long term prospects.

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Power sector pledges to become carbon neutral

| Sourced From Ends Europe |

Chief executives from sixty of Europe’s leading electricity companies pledged to achieve a “carbon-neutral power supply by 2050” in a joint declaration delivered to EU energy commissioner Andris Piebalgs on Wednesday.

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EU split on carbon capture intensifies

| Sourced From FT.com |

The European Commission’s backing for carbon capture and storage technology in a

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EU carbon scheme not yet hurt by low prices

LONDON (Reuters) – Falling carbon prices have raised questions about the credibility of the European Union’s flagship trading scheme as the bloc’s main weapon to fight global warming.

But traders and analysts insist the scheme is working as a market mechanism should and concerns over persistent low prices detract from what the scheme was intended for.

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UK sees need to structure EU’s CO2 trade scheme

LONDON (Reuters) – The UK’s energy and climate change secretary Ed Miliband recognized on Wednesday that the European Union’s carbon trading scheme needs to be structured in the best way possible way to ensure proper carbon price levels.

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Carbon allowances set to soar as ‘perfect storm’ hits

| Sourced From Daily Telegraph |

The report, written by corporate finance and equity capital markets adviser Tom Frost, of Akur Partners, predicts that the price of carbon could increase to

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CPF to use carbon labels for Europe

| Sourced From Trading Markets |

Feb 20, 2009 ( PowerRating — SET-listed Charoen Pokphand Foods Plc (CPF) has shifted its focus to smaller sizes of ready-to-eat packaged food and green labelling to improve exports as the world slides into recession.

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EC to let Market Decide on Carbon Prices

| Sourced From International Centre for Trade and Sustainable Development |

The European Commission (EC) says it will not prop up Europes carbon market, despite continued plummeting prices. New lows for emissions permits are primarily linked to the global financial crisis of the past six months. The contraction of European industrial production – and associated carbon dioxide reductions – resulting from the economic downturn and speculation that carbon levels will remain low over the next year has triggered a flood of emissions permits on the market, which has caused prices to drop precipitously.

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Airlines Go Kicking and Screaming into Europe’s Carbon Trading Program

| Sourced From Wired |

The aviation industry has been fighting last year’s decision by the European Union to include aviation in its carbon trading program with everything it’s got. But despite those efforts, it looks like airlines will be on the hook for their emissions beginning in 2012.

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Carbon exchanges cashing in amid EU slowdown

LONDON, Feb 17 (Reuters) – Carbon emissions exchanges are thriving, making as much as 2 million euros ($2.55 million) a week in revenues, Reuters data shows, just as European industry struggles to survive in the wake of the economic downturn.

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