Carbon Market Headlines, Sun March 28, 2010

UPDATE 1-EU Commission blocks re-use of carbon offsets

LONDON, March 18 (Reuters) – The European Commission said on Thursday it would close from August a loophole which had allowed different companies to surrender the same carbon permits for compliance with targets in its emissions trading scheme.

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Opinion: Editorial: Carbon Tax Rate Hike For DWP a Bad Idea

Los Angeles Mayor Antonio Villaraigosa and the Board of the Department of Water and Power just don’t seem to get it. Not only is the city broke, so are many of its residents and businesses. Walk down almost any street where retail businesses are located, and you will see many empty storefronts and for lease signs.

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New carbon footprint guidelines for chemicals industry

The Chemical and Allied Industries’ Association (CAIA) will be releasing a carbon footprint guideline document later this month, as part of its Responsible Care initiative.

This is in support of the association’s aim of encouraging members to extend the measurement and reporting of greenhouse gas (GHG) emissions from the current scope one direct emissions, to scope two and three indirect emissions, says CAIA Responsible Care manager Louise Lindeque.

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North American group outlines carbon trade rules

VANCOUVER (Reuters) – Members of the Western Climate Initiative laid out some of the ground rules on Thursday on the use and timing of carbon-offset credits allowed under its planned emission cap-and-trade system.

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London designated a Low Carbon Economic Area

Business Minister Ian Lucas has welcomed the designation of London as a Low Carbon Economic Area for energy efficient buildings. London is the seventh area within the UK to be assigned a Low Carbon Economic Area (LCEA) status, and has been set up to promote energy efficient buildings.

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Opinion: Prescribed burns of forests release less carbon emissions: study

Prescribed burns, often used by forest managers to reduce underbrush and protect bigger trees, release substantially less carbon dioxide emissions than wildfires of the same size, a new study available in Los Angeles on Thursday suggests.

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Press Release: Y-Carbon Receives DOE Phase I SBIR Award

King of Prussia, PA (PRWEB) March 15, 2010– Y-Carbon, Inc. announced that it has been awarded a Department of Energy (DOE) Small Business Innovation Research (SBIR) phase I grant. The grant comes as part of over $18 million in recently announced funding from the American Recovery and Reinvestment Act to support small business innovation research, development, and deployment of clean energy technologies. In this first phase of funding, Montgomery County based Y-Carbon was awarded $149,938 to continue its work developing nanotechnology for breakthrough performance in fields of energy.

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View: Damaged peatlands in England ‘leaking tonnes of carbon into atmosphere’

Damaged peatlands in England are leaking as much carbon into the atmosphere each year as the emissions of 350,000 households, according to an audit of the habitat by Natural England.

The government’s conservation agency carried out an assessment of the extent and condition of English peatlands and found that almost three-quarters of deep peat areas in the country are now damaged or degraded.

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Comrie Development Trust aiming to calculate village’s carbon footprint

COMRIE residents are being asked to help figure out the village’s carbon footprint.

As part of Comrie’s Carbon Challenge over the next couple of months residents will be invited to complete a comprehensive questionnaire.

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South Africa: Carbon Market ‘Key’ to Cutting Emissions

Johannesburg — THE European carbon market is here to stay, with or without a global climate deal, according to Mark Lewis, MD of global carbon markets for Deutsche Bank.

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ROYAL ACADEMY OF ENGINEERING SETS OUT HOW UK CAN MEET 2050 CARBON EMISSIONS TARGETS

The Royal Academy of Engineering has, in its Generating Future report, OUTLINED the energy systems that will be fit for meeting the carbon emissions targets for 2050. As a result, the entire infrastructure of our energy supply will need a complete revamp, even with a considerable decrease in energy demand across all sectors.

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npower to cut carbon at NEMEX

Visitors to the NEMEX arena of Sustainabilitylive will have the chance to learn about the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) and cut their carbon footprint.

Power firm npower will be offering free advice to visitors on how to succeed under the CRC and the financial and reputational benefits of taking early action.

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U.K. Conservatives Propose Carbon Floor to Boost Nuclear Power

March 19 (Bloomberg) — The U.K. could adopt measures including a carbon floor price and feed-in tariffs to promote nuclear and renewable energy under a plan outlined today by the country’s main opposition party.

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Western U.S. Cap-and-Trade Program to Limit Carbon Offsets

March 19 (Bloomberg) — Less than half the emission cuts in a cap-and-trade program planned for the Western U.S. and parts of Canada should come from offsets or imported pollution credits, the group designing the regional carbon market said.

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Taking the carrot approach to reducing carbon footprints at home

Can the promise of a free cupcake or some cold hard cash work better than dire predictions of dying polar bears and rising sea levels at getting people to cut their carbon footprint?

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Posted on March 28, 2010 · in Global

Tagged as: carbon credits • Carbon Dioxide • Carbon Emissions • Carbon Footprint • Carbon Offsets • Carbon Trading • climate change • emissions reduction • ghg