April 2, 2011, LONDON, (Coal Geology)
* Cost of 1.8 pct of GDP in 2020 if cuts emissions by 30 pct
* Costs would then fall gradually after 2020
WARSAW, Feb 24 (Reuters) – The European Union’s aim of a 20 percent cut in greenhouse gases may cost Poland about 1.4 percent of gross domestic product (GDP) in 2020, the World Bank said on Thursday.
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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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Press Release: European Commission Wants to Raise Carbon-Emissions Target to 30%, an Industrial Info News Alert
| Sourced From Marketwire |
GALWAY, IRELAND–(Marketwire – May 30, 2010) – Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) — The European Commission wants to raise Europe’s carbon emissions reduction target from 20% to 30% by 2020, but has stopped short of trying to implement the policy. In an analysis report, the Commission has outlined the benefits of a higher emissions-reduction target, supporting the proposals with figures that show how the recession has made achieving the higher target significantly less expensive.
| Sourced From Earthtimes |
LONDON, UNITED KINGDOM — 05/16/10 — The traditional white van man would happily drive a greener vehicle, according to latest research by Swinton Commercial, but they are concerned about the cost of being more environmentally friendly in their everyday lives.
More than 500 European mayors will commit tomorrow to cut CO2 emissions by more than 20% by 2020. By signing the Covenant of Mayors, they pledge to save energy, foster renewable energy and raise awareness among their citizens. They will sign the declaration in the presence of EU Commission President José Manuel Barroso and José Luis Rodríguez Zapatero, Prime Minister of Spain. The Covenant of Mayors is a Commission initiative, supported both by the European Parliament and the Committee of the Regions.
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Carbon recorded an 11 month high Friday as the market made a fresh attempt to reach EUR 16. Emission rights ran up to EUR 15.98 late Friday on US GDP figures and end of month positioning by traders, said sources. EU allowances for 2010 delivery were last higher on 2 June, last year, when the market peaked at exactly EUR 16. The US GDP figures, which showed a 3.2% growth for the country in the first quarter of the year,
BRUSSELS, April 30 (Reuters) – The European Union is considering border tariffs on imports from more polluting countries, but an initial assessment shows such levies could risk sparking trade wars, draft documents show.
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April 28 (Reuters) – German prosecutors said on Wednesday they had searched more than 230 sites in a probe based on suspicions of tax evasion in the trading of EU carbon emissions permits.
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The European Parliamentâ
April 12 (Bloomberg) — European Union carbon permits traded near a two-month high as German power pared losses.
EU permits for December closed little changed at 13.71 ($18.63) euros a metric ton on Londons European Climate Exchange. They briefly touched 13.78 euros in morning trade, the strongest level since Feb. 9, before dropping to as low as 13.55 euros on falling German electricity prices.
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LONDON, Feb 22 (Reuters) – European carbon prices could test 10-month lows and possibly fall as low as 11 euros a tonne in the next two weeks as European Union member states allocate their 2010 emissions permits to industry, analysts said.
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| Sourced From Telegraph.co.uk |
No doubt as we contemplate the figure who has rocketed from obscurity to became “the President of Europe”, we have all made silly little jokes about “Mr Rumpy”. After the eight tortuous years it has taken to get the “Constitution for Europe” into place, with all the talk of how vital it was for the EU to have a figurehead to represent Europe on the world stage as the equivalent of the President of the United States, some may now think of the poet Horace’s famous line, parturient montes, nascetur ridiculus mus (“the mountains are in labour, and will give birth to a ridiculous mouse”).
BRUSSELS (Reuters) – France, Italy and several other European Union countries weighed their chances of haggling up their EU carbon emissions quotas on Thursday, one day after Poland and Estonia successfully challenged theirs in court.
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BRUSSELS, March 30 (Reuters) – The European Union’s technology sector should outpace the rest of the bloc on cutting climate-warming emissions, said Viviane Reding, EU commissioner in charge of information and communication technology (ICT).
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CANBERRA, Feb 27 (Reuters) – Australia’s climate change minister on Friday said she had no concerns about the fall in carbon prices in Europe and said the low price would not force changes to Australia’s plans for carbon trading in 2010.
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| Sourced From Business Green |
Companies in the European emissions trading scheme (ETS) are rumoured to be desperately attempting to raise cash by selling off the bulk of their emissions allowances (EUAs), despite the fact that they will have to buy them back, probably at a higher price, to avoid breaching their emissions cap.
| Sourced From The New York Times |
The officials who created and run the cap-and-trade system for the European Union could use some good news.