Carbon Markets

Home

Carbon Markets

RGGI auction points to a good reception for cap and trade in US

Sunday, 21 December 2008 22:41 By Chris Innis

The second auction of carbon credits under the Regional Greenhouse Gas Initiative, or RGGI, in the US suggests that carbon trading will get underway in the US relatively quickly with a new administration in the White House.

Last week $106 million was raised by states in the US's North East as carbon permits (or allowances) were auctioned. These permits were bought by utilities, financial institutions and environmental groups and can be traded on the Chicago Climate Exchange.

Japan steel applies for carbon offsets as a group

Monday, 15 December 2008 14:53 By Reuters

Japanese steelmakers have applied to join a local over-the-counter market for carbon offsets as a group, rather than as an individual company, to boost the steel sector's effort to fight global warming.
Steelmakers are expected to be the only group-based participants in the government scheme, which appears likely to become a forerunner of a mandatory cap-and-trade scheme.
Tokyo Electric Power Co, Japan's biggest greenhouse gas emitter, has said it will join the scheme on its own.

UK warned over offsets target for CO2 control

Wednesday, 10 December 2008 17:19 By Reuters/PlanetArk

Britain should not rely on using carbon offset credits to reduce its greenhouse gas emissions by 34 percent by 2020, Britain's chief climate change adviser said on Monday.
The Committee on Climate Change, which advises the British government on how it can meet its goals to cut planet-warming emissions, said the government should place a limit on offset credits which could count towards meeting its reduction target.

Greenpeace Pressures South African Government On Carbon Emissions

Monday, 17 November 2008 14:20 By Chris Innis

Greenpeace has called on the South African government to challenge developed countries to reduce emissions at the United Nations Climate Change conference in Poland in two weeks’ time. It has also called for the Government to cut emissions immediately in South Africa.

Greenpeace Africa executive director Amadou Kanoute said South Africa could not afford to waste any more time before implementing a renewable energy policy, because the effect of global warming was already being felt on the continent.

“If government does the right thing, we will support them, but if they do the wrong thing, we will say so and say it loudly. The same goes for business. We have a lot of examples of what can be achieved if we work with business to find new solutions,” said Kanoute.

“SA must commit now to measurable actions to reduce its greenhouse gas emissions, including ending its dependence on coal, without resorting to expansions in nuclear power”.

'Think carbon' says King

Monday, 10 November 2008 11:55 By Mark Williams

Meeting the challenges of climate change collectively and globally will be the biggest driver for change in all our economies and decarbonising must be mainstreamed into our economic thinking, said the former Chief Scientific Adviser to the UK Government.
Sir David King, the new Director of the Smith School of Enterprise and the Environment at the University of Oxford, said the time was right for a new direction during a speech at The RTPI David Fryer Memorial Lecture 2008.
He told the 100-strong audience at Oxford Brookes University his view of environmental challenges we face in the 21st century, and how best they can be and should be tackled.

More Articles...