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Falling production equals falling carbon prices

Monday, 09 February 2009 21:41 By Chris Innis

As manufacturing demand falls in Europe, so does the price of carbon. The carbon price has hit new lows as companies with permits sell in the belief that the permits will no longer be needed. The price of carbon is €10.15 (£8.8) per tonne compared with highs of more than €30 in July 2008. Analysts believe that the price will break €10. Despite the lower price, companies sellingpermits are receiving windfalls.

Second UK ETS auction set for 24th March 2009

Sunday, 25 January 2009 20:29 By Chris Innis

The UK Government intends to hold its second auction in Phase II of the European Union's Emissions Trading System on 24th March 2009. Bidding will start at 8am and close at 10 am on the same day. The auction will comprise a competitive bidding facility only. The number of allowances to be auctioned will be announced at least one month before the date of the auction. In 2009 the UK plans to auction a total of 25 million allowances.

The Government also announced the re-opening of the Primary Participants programme. Application forms to become a Primary Participant and any supporting documentation should be received by The Department of Energy and Climate Change by 24th February 2009 for an institution to be permitted to participate directly in the next auction.

2007 Air Pollution in the UK Report published

Friday, 16 January 2009 23:38 By www.airquality.co.uk

The latest in a long-running series of annual reports on the UK's air quality has been published. The report summarises measurements from large-scale national air pollution monitoring networks operated on behalf of Defra and the devolved administrations.

Leading scientists see technological fixes as the way to meet emissions targets.

Friday, 09 January 2009 01:36 By www.eta.co.uk

As the international community finds it increasingly difficult to put in place a united strategy to combat climate change, scientists believe the world may need to resort to reducing CO2 emissions through artificial means.

A poll carried out by The Independent newspaper has found that the concept of geoengineering is gaining increased acceptance. Geoengineering is the term used to describe projects and processes that can rearrange the Earth's environment on a large scale to better suit human needs.

Australian unions favour lower emissions targets to prevent job losses

Wednesday, 24 December 2008 05:32 By Chris Innis

Australian unions have backed lower than expected emissions targets announced by the Australian Government last week in favour of preserving jobs. This is despite criticism from the Government's own climate adviser, Ross Garnaut, that the targets are too low and the proposal lacks a public policy purpose.

The Government in announcing targets also set out compensation packages for certain industries including the power industry which is heavily based on coal as its fossil fuel. The electricity generators have been promised A$3.9 billion in compensation. Garnaut is against that kind of compensation for this industry.

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