Carbon Markets

Home

Carbon Markets

Cap and trade under fire?

Wednesday, 13 May 2009 23:06 By Chris Innis

Environmental Leader has reported that Mexico’s proposal for a global climate change fund, instead of the rigorous cap-and-trade function favored by the European Union and President Obama, may win out for its pragmatic approach. It has cited as its source one of the EU’s top climate negotiators.

Mexico is proposing a central fund where each nation contributes according to a number of factors such as its GDP, current emissions and population. The fund woud then be divided against country needs to adapt to climate change and abilities to cut emissions or develop green technology.

Mexico's proposal, while seemingly late in the game, highlights some big issues for cap and trade.

New book challenges the role of CO2 in global warming

Tuesday, 12 May 2009 22:16 By Chris Innis

A new book, Heaven+Earth, has challenged the link between rising carbon dioxide and global warming. The book, written by Ian Plimer, an eminent and well known professor of geology, looks at the role carbon dioxide has played in the planet's development and concludes that carbon dioxide is probably not the culprit for rising temperatures.

Voluntary Carbon Standard Association launches its global multiple registry

Wednesday, 22 April 2009 21:39 By Chris Innis

The Voluntary Carbon Standard Association has launched its global multiple registry system. The system will enable the tracking and trading of voluntary carbon units, or VCU's, and is intended to make these processes easily identifiable and more transparent. The registry will also reduce the need for multiple accounts with different registries. The market for VCU's was valued at $330 million in 2007 and continues to grow as companies encourage clients to off set carbon use.

Fed Ex CEO questions cap and trade, prefers a carbon tax

Wednesday, 22 April 2009 21:30 By Chris Innis

The CEO of Fed Ex, Fred Smith, at a conference in Memphis, has argued that a carbon tax is a better solution to any cap and trade scheme to reduce carbon emissions. The Obama Administration is proposing a cap and trade scheme.

“We would support, if the Congress in the United States wants to do it, a carbon tax,” Smith said to the conference.

Windfalls for industry as EU miscalculates

Thursday, 16 April 2009 03:03 By Chris Innis

European companies are reaping windfall profits from surplus carbon credits putting pressure on the carbon price and the projects that rely on carbon prices.

European steel companies have neen more carbon credits than they needed in the last year. With the credits surplus to their needs, these credits are being sold. Reuters reports that steelmakers have received a surplus of credits worth about $1.2 billion, based on 2008 carbon prices.

More Articles...