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Climate Exchange reports first half profits on growing volumes

Thursday, 17 September 2009 23:56 By Chris Innis

Climate Exchange, the emissions exchange operator has reported a first-half year profit. Trading volumes doubled in the period despite an outlook of moderate growth in the second half. Climate Exchange owns and operates carbon trading market places in the U.S., Europe and Asia, including the European Climate Exchange (ECX).

Pre-tax profit WAS £1.5million, compared with a loss of £300,000 for the same period last year. Trading volumes in the half almost equally volumes for the whole of 2008. The number of contracts traded as 2.7 million.

GE pitches for carbon capture project

Monday, 24 August 2009 00:31 By www.carboncapturejournal.com

GE has submitted a full project proposal to the Queensland and Australian federal governments for a 400MW (pre-carbon capture) plant capable of capturing 90% of the CO2 in the fuel stream, Carbon Capture Journal has reported.

If the development phase moves forward this year, the plant is expected to be ready for commercial operation in late 2015 or early 2016.

Tridos to launch EIS fund for cleantech sector

Wednesday, 01 July 2009 02:02 By Chris Innis

Triodos, the ethical bank, has launched a fund to invest in cleantech businesses in the UK. The fund, Triodos EIS Green Fund, will back companies that are eligible for the Enterprise Investment Scheme (EIS), which gives investors tax relief when investments are made in companies with less than 50 staff.

EU ETS emissions fall three per cent in 2008

Wednesday, 20 May 2009 22:50 By European Commission

Emissions of greenhouse gases from EU businesses participating in the EU Emissions Trading System (EU ETS) fell 3 per cent in 2008 compared with a year earlier, according to the information provided by Member State registries.

This drop, combined with the 6.5% reduction in emission allowances that the Commission has secured for the second trading period (2008 to 2012), means that the trading system is beginning to make a real difference to emissions according to the European Commission.

Canada looks to carbon capture technology

Wednesday, 20 May 2009 04:55 By Chris Innis

Canada has announced details of a clean energy fund with a value of $860 milion. The fund has earmarked two thirds of its proceeds for the development of carbon capture and storage projects. Canada like Australia has a large exposure to the coal industry. Unlike Australia it has a large oil sands industry that is a high emitter of greenhouse gases.

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