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Carbon Markets

New research finds global carbon market worth $669 billion in 2013

Thursday, 16 April 2009 02:38 By Chris Innis

The global carbon market is projected to reach $669 billion in value by 2013, according to "Carbon Emissions Trading Markets Worldwide," a new report from industrial market research publisher SBI.

Carbon markets, which consist of buying and selling carbon emission allowance, will be the fastest growing commodity market if the forecasts presented in the report are correct.

Driving the growth will be improving economic conditions, the introduction of compulsory and voluntary cap and trade schemes, including the participation of the United States by 2012, higher prices and turnover and more aggressive emissions legislation.

Carbon to increase seven-fold says ICF International

Saturday, 04 April 2009 21:50 By www.icfi.com

ICF International, the energy and environment consultancy, has forecast a seven-fold increase in the price of carbon dioxode allowances by 2020, as compared to February 2009 levels, if the European Union is to meet its goal of reducing emissions by 30 percent between 1990 and 2020.

The findings, in the recently released report, European Outlook, examines the interrelated dynamics of the European power and carbon markets in light of the EU energy and climate legislative package voted in December 2008 and the current economic crisis.

Council aims to be carbon neutral by 2012

Thursday, 12 February 2009 23:34 By Chris Innis

Eastleigh Borough Council, in south east England, is seeking to become carbon neutral for its key business activities by the 2012. This will be achieved through emissions reductions and an offset fund to compensate for unavoidable emissions.

The offset fund, managed by CarbonFREE,

National Grid looks to carbon capture and storage in the North Sea

Wednesday, 11 February 2009 21:52 By Chris Innis

National Grid is considering plans to capture carbon at power plants and pipe it to the North Sea for storage. The carbon is likely to be stored in spent oil wells and other suitable geological formations in the North Sea.

According to the Times, Chris Train, the director of network operations, said that the group is developing plans to construct a £2 billion carbon transport and storage network around the Humber estuary in Yorkshire.

Australian numbers for carbon trading wrong says independent report

Tuesday, 10 February 2009 10:28 By Chris Innis

An independent analysis by Brian Fisher, a former government adviser, has found that the Australian government has failed to take account the international financial meltdown in its plans for a sweeping carbon trade regime to begin next year. It believes that the government's modeling on emissions trade was too optimistic and its calculations shrouded in secrecy. The analysis was prepared for parliament's fuel and energy committee said.

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