Carbon Offsets Daily

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EU Carbon Market Still Oversupplied Despite Economic Recovery

April 2, 2011, LONDON, (Coal Geology)

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EU carbon goal seen costing Poland 1.4 pct of GDP

* 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.

Continue Reading at Reuters

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EU Speeds Up Work on Carbon-Market Oversight After Thefts

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.

Continue Reading at Bloomberg

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EU Carbon Little Changed After Reaching 10-Day High; Power Rises

| Sourced From Businessweek |

Jan. 17 (Bloomberg) — European Union carbon-dioxide permits were little changed after reaching the highest price in 10 days as rising German power and U.K. natural gas prices boosted demand for emission rights.

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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.

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Press Release: Van Drivers Go Green and Aim to Reduce Carbon Emissions

| 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.

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  • Published: May 7th, 2010
  • Category: Europe
  • Comments: 2

EU Environment: 500 European Cities Pledge To Reduce Carbon Emissions By More Than 20% By 2020

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.

Continue Reading at EgovMonitor

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  • Author:
  • Published: May 6th, 2010
  • Category: Europe
  • Comments: 5

Carbon closes in on EUR 16 after posting 11 month high

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,

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  • Published: May 5th, 2010
  • Category: Europe
  • Comments: 11

Carbon tariffs on imports risk trade war – EU study

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.

Continue Reading at ForexYard

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  • Published: May 1st, 2010
  • Category: Europe
  • Comments: 4

FACTBOX-How carbon trading tax fraud works

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.

Continue Reading at IN.Reuters

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  • Published: Apr 16th, 2010
  • Category: Europe
  • Comments: 4

Opinion: EU debates LCV CO2 legislation

The European Parliamentâ

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European Union CO2 Permits Little Changed Near Two-Month High

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.

Continue Reading at BusinessWeek

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  • Published: Mar 1st, 2010
  • Category: Europe
  • Comments: 2

Tough weeks ahead for EU carbon prices-analysts

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.

Continue Reading at UK.Reuters

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Van Rompuy wants the EU to run on CO2

| 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”).

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  • Author:
  • Published: Nov 25th, 2009
  • Category: Europe
  • Comments: 4

Opinion: Carbon credits are a big swindle

| Sourced From NRC.nl |

The Kyoto protocol allows rich countries to meet their greenhouse gas reduction commitments by investing in projects abroad. But research shows that many of these projects would have happened anyway.

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  • Author:
  • Published: Oct 6th, 2009
  • Category: Europe
  • Comments: 1

EU introduce reverse VAT for carbon trading

| Sourced From Accountancyage.com |

The European Commission has approved a reverse payment scheme for VAT charges on carbon trading to reduce the risk of fraud.

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Europe wrangles over carbon emissions quotas

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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EU carbon climbs to new four-month high

| Sourced From Reuters |

LONDON (Reuters) – European carbon emissions futures climbed to a new four-month high on Friday, tracking crude oil gains and pushing through a key resistance level of 15 euros, traders said.

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E.U. Carbon Trading System Shows Signs of Working

| Sourced From The Newyork Times |

BRUSSELS Europes controversial trading system to cut carbon emissions is showing faint signs of working, according to analysis of preliminary figures released Wednesday by the European Commission.

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Tech sector should outpace EU climate goals -Reding

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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EU and US diverge on 2020 carbon reduction goals

| Sourced From Ends Europe |

The EU’s suggestion that developed nations should cut their emissions by 30 per cent below 1990 levels by 2020 is asking too much of the US, American policymakers told their European counterparts during bilateral talks this week.

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Low EU prices no concern for carbon scheme -Australia

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.

Continue Reading on Reuters

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Exclusive: EU firms selling carbon credits to survive

| 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.

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Group Says European Cap-and-Trade System Reduced Emissions

| 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.

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EU won’t save carbon

| Sourced From Taiwan News |

The European Commission will not intervene to support the market for European carbon emissions where futures prices have nosedived along with the economic downturn, the EC’s chief climate change negotiator said yesterday.

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