Wed, Feb 10, 2016
A A A
Welcome preal121
RSS

Commodities Briefing - Category | Environmental Trading more

12 ways to mobilise the money needed to stop climate change

Posted on 10 February 2016 by VRS  |  Email |Print

How do we finance the climate adaption needed to stop global temperatures rising above 1.5 degrees? Our panel of experts share their thoughts. Hundreds of billions of dollars could be made available for climate finance by placing a small tax on financial transactions such as the trading of stocks and bonds.
There’s a big Robin Hood Tax movement behind this, with a group of European countries already on the cusp of establishing the world’s first regional financial transaction tax………………………………………..Full Article: Source

U.N. Agency Proposes Greenhouse Gas Standard for Aircraft

Posted on 10 February 2016 by VRS  |  Email |Print

A United Nations panel has proposed the first global greenhouse-gas emissions standard for aircraft. The draft rule, released by the International Civil Aviation Organization (ICAO) on February 8, applies to most commercial and business aircraft, including designs already in production. It would require minimal changes to aviation design over the next 12 years, and many environmentalists say that the proposal is inadequate to combat climate change.
The plan—which would take full effect in 2028—could decrease fuel consumption in new aircraft at cruising speed by an average of 4% compared to the current level, according to the International Council on Clean Transportation (ICCT), a non-profit research group based in Washington DC. The ICAO is expected to adopt the CO2 standard later this year………………………………………..Full Article: Source

Beyond Paris: Avoiding the trap of carbon metrics

Posted on 09 February 2016 by VRS  |  Email |Print

Instead of changing our economic system to make it fit within the natural limits of the planet, we are redefining nature so that it fits within the economic system. Until recently terms like “carbon accounting,” “carbon footprint,” and “carbon offsetting” would have raised some quizzical eyebrows among the general public. Today, such carbon-based metrics are everywhere, but are they helpful or unhelpful in motivating the necessary action on climate change?
Although the case for metrics may seem incontrovertible, what is measured is always a political choice, and such choices favor certain interests and approaches over others. In that sense the trajectory of global environmental policy over the last 30 years is a history of forgotten alternatives………………………………………..Full Article: Source

Taiwan dedicated to global carbon emission efforts

Posted on 09 February 2016 by VRS  |  Email |Print

Taiwan has pledged to make all-out efforts to reduce greenhouse gas emissions, and will only consider emissions trading, or flexible mechanisms, five years from now, according to Environmental Protection Administration Minister Wei Kuo-yen.
Taiwan over the past 20 years has created high growth in greenhouse gas emissions as a result of its economic growth, made possible mostly by high energy-consuming industrialization. Statistics show that Taiwan’s total greenhouse gas emission increased by 98.1 percent between 1990 and 2012 — from 136.7 million tonnes of carbon dioxide equivalents (MMTCDE) to 270.7 million MMTCDE………………………………………..Full Article: Source

Erasing subsidy for greenhouse gas heavyweights would impose small cost

Posted on 08 February 2016 by VRS  |  Email |Print

Removing the current subsidy for heavy emitters of greenhouse gases from the emissions trading scheme would impose “a small cost on the economy as a whole” and would be more heavily borne by the agricultural and extractive sectors, and lower income households, according to analysis by the New Zealand Institute of Economic Research.
Released yesterday as an input to the ETS review by Climate Change Minister Paula Bennett, the NZIER paper says if carbon was trading at $50 a tonne — in a so-called “high price” scenario — it would reduce total economic growth by around 0.2 per cent a year for a 1.1 per cent reduction in gross greenhouse gas (GHG) emissions………………………………………..Full Article: Source

Leaky carbon markets cast shadow over EU steel says lobbyist

Posted on 08 February 2016 by VRS  |  Email |Print

Steelmakers burdened by carbon taxes need a “global level playing field” or face closures in the long term, according to the head of World Steel. Europe’s 150-year-old industry risks ceding market share to major producers who do not yet put a price on pollution like China, India or Russia, says Edwin Basson.
It comes as a global supply glut of steel has plunged Britain’s industry into crisis, with top producer China accused of ‘dumping’ below cost products on foreign markets. “The worst possible solution you could get to have is carbon costing in one part of the world, but not in the other. That creates a smorgasbord of potential protection,” he tells Climate Home in an interview………………………………………..Full Article: Source

Kenya stock market to launch carbon trading platform

Posted on 05 February 2016 by VRS  |  Email |Print

Kenya’s stock market will launch an emissions trading platform that it hopes will help local companies sell their carbon credits to foreign buyers, local media reported. The Nairobi Securities Exchange (NSE) said it wants to help publically-listed Kenyan firms such as the country’s largest utility KenGen, Mumias Sugar, East Africa Portland Cement and grid operator Kenya Power, to sell their CERs, Business Daily Africa (BDAfrica) reported on Tuesday.
No firm date was given for the launch and Carbon Pulse’s attempts to obtain more information from the bourse was unsuccessful………………………………………..Full Article: Source

Hicks on Biz: Understanding carbon credits

Posted on 05 February 2016 by VRS  |  Email |Print

Finally, through a company created to save the planet AND make money, I actually understand what “carbon credits” are all about. Airdrie-based Carbon Credit Solutions (CCS) Inc. partners up with folks (mostly farmers) who can create Alberta government-approved carbon credits. It assists in “making” these carbon credits, then buys and sells them, hopefully for a profit.
Making a profit can’t be that difficult, not when the monetary value of these Alberta carbon credits should jump by 50% in a year’s time. That’s when the Notley government says it will raise the levy, basically a tax on excess carbon emission, from $20 to $30 a tonne on companies pushing too much CO2 up their smokestacks. (A tonne of CO2 is roughly the amount of CO2 an average coal-burning power plant sends up its smokestack every hour.)……………………………………….Full Article: Source

Guangdong becomes China’s first carbon market to green-light OTC forward trading

Posted on 04 February 2016 by VRS  |  Email |Print

The Guangdong emissions exchange on Wednesday became the first in China to release rules for forward trading in carbon, though all deals must be negotiated over the counter (OTC) as screen-based forward trading is banned in the country’s regional pilot schemes.
The exchange published the rules on its website in a bid to formalise a practice that, according to sources, some market participants have been doing informally. Under the rules, parties can negotiate forward trades of Guangdong Emissions Allowances (GDAs) and Chinese Certified Emissions Reductions (CCERs)………………………………………..Full Article: Source

Australia’s emissions are climbing again, but it already has the policies to turn the tide

Posted on 04 February 2016 by VRS  |  Email |Print

The resumed growth of Australia’s greenhouse gas emissions after almost a decade of consistent decline shows the scale of the challenge ahead if Australia is to meet its climate commitments.
This week’s RepuTex analysis forecasts that national emissions will rise 6% by 2020, with no peak in sight until 2030. The signs are that the uptick for 2014-15 marks a reversal of the recent downward trend proclaimed by federal environment minister Greg Hunt………………………………………..Full Article: Source

Korean trading firm seeks to buy CERs through UN platform

Posted on 03 February 2016 by VRS  |  Email |Print

A Korean carbon credit company has filed an expression of interest with the UNFCCC to buy at least 100,000 CERs from projects in South Korea that are eligible in the domestic ETS, UN data showed.
Seoul-based Korea Carbon Management wants to buy credits from any of 16 project types allowed in the nation’s emissions trading scheme, ranging from hydroelectric dams to solar and wind to N2O, according to the document………………………………………..Full Article: Source

The Carbon Brief interview: Matthew Bell

Posted on 03 February 2016 by VRS  |  Email |Print

Matthew Bell has been the chief executive of the Committee on Climate Change since September 2014. Before heading the government’s statutory climate adviser, Bell was a director at consultants Frontier Economics, including spells seconded to the prime minister’s strategy unit and advising the House of Commons Environmental Audit Committee.
“We may very well want to say more about the implications post-2050 and for 2050 itself.” Legislating the fifth carbon budget at the level we have suggested is the only thing that is consistent with the Climate Change Act, and indeed the Paris agreement………………………………………..Full Article: Source

Countries Moving to Build Carbon Markets

Posted on 02 February 2016 by VRS  |  Email |Print

When climate negotiators signed off on the historic Paris Agreement in December, they opened the door for countries to begin cross-border trading of greenhouse-gas emission reductions and signaled the advent of a price on carbon, which world leaders from Canada’s Justin Trudeau to Ethiopia’s Hailemariam Desalegn say is needed to get companies slashing greenhouse-gas emissions today.
The agreement, however, doesn’t explicitly mention carbon markets at all, but instead assumes that countries will develop them internally, and it explicitly says they can trade “Internationally Transferred Mitigation Outcomes” (ITMOs) among themselves to deepen the targets they’ve set in their Nationally-Determined Contributions (NDCs)………………………………………..Full Article: Source

Carbon tax proposed by environment panel to achieve Japan’s lofty emissions cut goal

Posted on 01 February 2016 by VRS  |  Email |Print

An Environment Ministry panel has reported in a recommendation that a carbon tax will be helpful in achieving the government’s 80 percent target for reducing greenhouse gas emissions from 1990 levels by 2050.
The experts said in the report Saturday that the government should start making a full-fledged effort to achieve the goal and proposed introducing a carbon tax on emissions and an emissions trading scheme. A new international framework adopted late last year calls for limiting the average rise in the world’s temperature to less than 2 degrees from levels before the Industrial Revolution………………………………………..Full Article: Source

EU carbon credits drop below €6

Posted on 01 February 2016 by VRS  |  Email |Print

The European price for emitting a tonne of carbon dioxide has dropped by around 25 percent in the past month, a development that suggests the EU’s flagship climate tool still has a very limited influence on moving industry away from fossil fuels.
The price of the European carbon credits under the EU’s Emissions Trading System (ETS) dropped from around €8 to slightly below €6 on Monday (25 January). It has fluctuated around €6 since then. The ETS requires industrial companies to hand in a certificate for every tonne of CO2 they emit. The idea is that firms switch from coal, oil, and gas to a cleaner energy source………………………………………..Full Article: Source

Shanghai carbon exchange aids first custody contract to build trade

Posted on 29 January 2016 by VRS  |  Email |Print

The Shanghai Environment and Energy Exchange announced its first “custody contract” on Thursday, allowing a brokerage to borrow permits from a local company and trade them, in a bid to inject liquidity in a depressed market.
China’s government will launch a nationwide carbon trading market next year and is working on plans to harmonise the seven existing pilot markets, but it remains unclear how many of the existing local exchanges will survive the transition………………………………………..Full Article: Source

Global Carbon Market Faces Diplomatic Minefield in Oil Slump

Posted on 29 January 2016 by VRS  |  Email |Print

After 195 nations agreed to develop the first truly global greenhouse-gas market last month, climate diplomats from China to Brazil must now haggle over how the program will work against a backdrop of the cheapest oil in more than a decade.
Negotiators have given themselves less than a year to agree on rules for a universal market-based emissions-reduction system under the Paris climate pact. To get there, they have to overcome any objections from nations reliant on fossil fuels and create a framework that covers an unprecedented range of national emissions targets………………………………………..Full Article: Source

Climate targets suffer as carbon price slumps

Posted on 28 January 2016 by VRS  |  Email |Print

Political gridlock and collapsing commodities sent the carbon price in the EU’s Emissions Trading System spiraling to a 20-month low this week, making it even more unlikely that polluters will be encouraged to cut greenhouse gas emissions.
The plummeting price is a blow for the already reeling ETS, which was supposed to be the EU’s main vehicle for getting polluters to cut emissions but has so far been plagued with problems. Under the system, companies receive or buy permits to emit a ton of CO2, with the goal of prompting them to steeply reduce emissions over time………………………………………..Full Article: Source

Beijing carbon market to extend pilot trading

Posted on 28 January 2016 by VRS  |  Email |Print

Beijing’s carbon market will continue to trade local permits even after a three-year pilot phase expires in June, its market regulator said, seeking to allay worries that cancellation of permits could trigger a price collapse.
If extended to the six other pilot exchanges, the move could help manage volatility arising from the expiry of the current phase of trading and the establishment of a nationwide market, now delayed until next next year………………………………………..Full Article: Source

EU Market: Carbon defies energy gains to dip back below €6

Posted on 28 January 2016 by VRS  |  Email |Print

EU carbon prices fell in the face of a rising energy complex on Wednesday but kept well above the previous session’s 20-month low in a slightly calmer session than recent chaotic trading days.
The Dec-16 EUA contract ended down 17 cents or 2.8% at €5.93, at the lower end of the day’s €5.79-6.12 range, on heavy turnover of almost 20 million. The benchmark carbon contract kept some distance from Tuesday’s nadir of €5.61 but it remains down 28.5% on the year, a fall mostly blamed on speculative selling………………………………………..Full Article: Source

What would a link-up between China and the EU’s carbon markets mean for emissions trading?

Posted on 27 January 2016 by VRS  |  Email |Print

UK’s chief climate envoy has revealed to BusinessGreen that China is developing a carbon trading system scheme that will be “compatible” with the EU’s – but what will this mean in practice?
Over the past few months newspapers have been full of reports detailing the UK’s deepening relationships with China, from the Chinese backing of a new nuclear power station at Hinkley Point to the “clean energy partnership” signed by the two countries during Chinese premier Xi Jinping’s state visit to the UK in October………………………………………..Full Article: Source

EU and Switzerland set to link carbon markets, date uncertain

Posted on 27 January 2016 by VRS  |  Email |Print

After nearly five years of talks, the EU and Switzerland on Monday announced the conclusion of a deal linking their respective emissions trading schemes, in a move that will allow covered entities in both systems to trade emissions permits with each other.
Set up in 2008, the Swiss scheme includes around 55 companies, and last year covered 5.5 million tonnes of carbon emissions. By comparison, the EU’s Emissions Trading System (ETS) launched in 2005 is currently the world’s largest carbon market, regulating some 11,000 power stations and manufacturing plants representing around two billion tonnes of carbon emissions………………………………………..Full Article: Source

The fight over the future of carbon pricing has arrived

Posted on 26 January 2016 by VRS  |  Email |Print

Putting a price on carbon. It’s not a particularly novel idea, but it’s one that people in powerful positions are talking about again in the wake of the Paris climate talks and the annual meeting of the World Economic Forum in Davos.
Granted, high-level talk about the social, environmental and economic risks associated with climate change isn’t the same as taking concrete action to curb the carbon emissions contributing to hotter average temperatures………………………………………..Full Article: Source

EU Market: Carbon sinks 7.1% to back below €6 as warm weather weakens power prices

Posted on 26 January 2016 by VRS  |  Email |Print

EU carbon prices dropped back below €6 on Monday to hit a 20-month low, wiping out late last week’s ‘relief rally’ that had given brief respite to this month’s steep losses. The Dec-16 EUA futures on ICE fell to a session low of €5.72 before climbing back to settle at €5.91, a 45-cent or 7.1% daily loss.
Volume on the benchmark contract was very heavy at 29.3 million units including a rare 5 million gone EFP, in what was one of the busiest trading days seen so far this year. The loss reversed the recovery posted late last week, when prices climbed back from their previous low of €6.87 touched on Thursday to hit an intraday high of €6.55 on Friday, before settling at €6.36 – a weekly loss of 5.4%………………………………………..Full Article: Source

Carbon markets firmly back on the agenda

Posted on 25 January 2016 by VRS  |  Email |Print

December’s historic Paris Agreement was clinched after the highest profile event of its kind, attracting the largest number of heads of state and government in history. As always, there are many interpretations of the outcome, which will enter into force in 2020. However, in terms of the market mechanisms, despite the muted language in the final text, these are firmly back on the agenda as an instrument for climate action.
The emphasis of the climate negotiations in recent years has shifted away from the Kyoto type top-down approach to a bottom-up model. This is reflected both in the Paris outcome and in the approach to the harnessing of markets………………………………………..Full Article: Source

EU, Korea up engagement for sustainable future

Posted on 25 January 2016 by VRS  |  Email |Print

On the back of the European Union-Korea free trade agreement that entered into full force last year, the two sides are deepening engagement as important parties in regional and global issues, the EU Ambassador to Korea said last week.
The bilateral accord has gradually come into effect since July 1, 2011, and fully entered into force on Dec. 13. It eliminates 99 percent of duties on both sides within five years and covers non-tariff barriers. More than 35 bilateral consultation channels run throughout the year to enhance cooperation in multiple areas………………………………………..Full Article: Source

Coal Country Plans for Carbon Trading

Posted on 22 January 2016 by VRS  |  Email |Print

Major electricity providers and some government officials in West Virginia, the state leading the charge against federal climate change regulations, want to use carbon trading to meet their greenhouse gas reduction targets, according to public records obtained by ClimateWire.
More than a dozen documents reveal for the first time that despite political pushback against U.S. EPA’s Clean Power Plan, key interests in the state are searching for ways to comply in case legal challenges fail………………………………………..Full Article: Source

EU Market: Prices plummet below €6 as participants posit selling sources

Posted on 22 January 2016 by VRS  |  Email |Print

EU carbon prices fell to a fresh 15-month low below €6 on Thursday before climbing back to end 2.4% lower, as the 2016 EUA price rout approached its fourth week.
While some traders nervously await a rebound to what they see as a speculator-led overselling, others suspect carbon could fall further as European industry continues to reel, utilities shy away from bulk buying, and the next major supply-curbing measure remains years away………………………………………..Full Article: Source

CTX books first spot RGGI trade as prices soar by 10%

Posted on 21 January 2016 by VRS  |  Email |Print

Emissions bourse operator Carbon Trade Exchange (CTX) saw the first activity on its new spot market for RGGI allowances (RGAs), it said on Wednesday, as prices soared by nearly 10% in the first two weeks of the year.
The bourse reported that 1,000 short tons (907.2 metric tonnes) changed hands at a price of $8.13 on Friday, which was in line with the Jan-16 futures on ICE – the main exchange for RGA trading. CTX did not release further details including the identities of the counterparties………………………………………..Full Article: Source

Another European Automaker Has U.S. Emissions Problem of Its Own

Posted on 21 January 2016 by VRS  |  Email |Print

Lost amid the intense scrutiny of emissions tests at Volkswagen AG and Renault SA is the fact that another European automotive powerhouse, Fiat Chrysler Automobiles NV, is also in a tight spot with regulators. Not for possible cheating. Far from it. FCA’s problem is that its emissions record in the U.S. is bad and time to fix it is running short.
For the fourth consecutive year, the maker of Ram pickups and Jeep sport utility vehicles finished dead last in a 2014 Environmental Protection Agency ranking of carbon-dioxide emissions among big auto manufacturers. And the agency plans to accelerate its CO2 targets sharply beginning next year………………………………………..Full Article: Source

China’s Currency Isn’t Dominant Yet

Posted on 20 January 2016 by VRS  |  Email |Print

Despite growing concerns that China’s economy is in trouble, the country’s currency is widely seen as a contender to oust the U.S. dollar from its dominant position in international trade. Judging from data on money transfers, it has a very long way to go.
No doubt, the Chinese currency is gaining global credibility. In November, the International Monetary Fund said that it would add the yuan to its basket of reserve currencies, bringing it into a club that includes the dollar, the euro, the British pound and the Japanese yen………………………………………..Full Article: Source

Shekel currency ‘markedly over-valued’ - Bank of Israel official

Posted on 20 January 2016 by VRS  |  Email |Print

Israel’s central bank will remain aggressive in battling the strong shekel, which is trading at its highest level in 15 years, the Bank of Israel’s head of market operations said.
Andrew Abir told Reuters in an interview that the bank would continue taking action on the shekel until there was an “unwinding” of the current over-appreciation. “We continue to be concerned about what we regard as a marked over-valuation of the exchange rate,” he said………………………………………..Full Article: Source

Carbon trading finds a foothold in at least 20 states

Posted on 20 January 2016 by VRS  |  Email |Print

Beneath the political storm raging around the Obama administration’s climate change rules for the electricity sector, a quiet but powerful push for carbon trading is spreading across the nation. Close to half of states, including many run by Republicans, are hoping to use some form of a carbon market similar to cap and trade to meet federal Clean Power Plan targets, according to a ClimateWire review of high-level planning talks.
In at least 20 of the 47 states that must meet U.S. EPA requirements, top policymakers or major utilities are pushing for a system where power generators could purchase carbon allowances or credits across state borders as a way to meet EPA’s goals………………………………………..Full Article: Source

Proof That a Price on Carbon Works

Posted on 20 January 2016 by VRS  |  Email |Print

Lawmakers who oppose taking action to lower greenhouse gas emissions by putting a price on carbon often argue that doing so would hurt businesses and consumers. But the energy policies adopted by some American states and Canadian provinces demonstrate that those arguments are simply unfounded.
Around the world, nearly 40 nations, including the 28-member European Union, and many smaller jurisdictions are engaged in some form of carbon pricing. In this hemisphere, British Columbia, Quebec, California and nine Northeastern states have raised the cost of burning fossil fuels without damaging the economy………………………………………..Full Article: Source

Cost of carbon going up

Posted on 19 January 2016 by VRS  |  Email |Print

The cost of pouring greenhouse gas emissions into the atmosphere is going up. These costs are set by carbon traders operating under New Zealand’s Emissions Trading Scheme (ETS). The latest figures show they have reached their highest level in four years.
Under the ETS, businesses such as petrol companies that emit carbon dioxide (CO2) must pay money to businesses such as forestry companies that absorb carbon dioxide. This works when forestry companies sell a so-called carbon credit on a carbon exchange and the fuel companies buy it………………………………………..Full Article: Source

Allowance outflows to new EU ETS entrants slow in H2-2015

Posted on 19 January 2016 by VRS  |  Email |Print

Just 3 million CO2 allowances were allocated to new or expanding installations in the EU’s carbon market over the past six months, representing less than 1% of the total pot of permits put aside for these so-called ‘new entrants’, the European Commission said.
The figures, a testament to the slow growth currently being experienced by Europe’s energy and industrial sectors, show that some 80% of the EU’s New Entrants Reserve (NER) remains unclaimed at the start of 2016 – the fourth year in the scheme’s eight-year third trading phase………………………………………..Full Article: Source

EPA Should Recognize Market-Driven Climate Progress

Posted on 18 January 2016 by VRS  |  Email |Print

The Environmental Protection Agency (EPA) pledges to start 2016 “hitting the ground running” to build on a “monumental” 2015. In a blog post last week, EPA Administrator Gina McCarthy signaled her agency will continue its focus on methane and carbon regulations.
Absent from EPA’s plans was any acknowledgement that methane and carbon emissions are already down. Recognizing progress we’ve already made – and the market factors contributing to that success – is critical to avoiding costly, duplicative regulations that could undermine that progress, as well as economic growth………………………………………..Full Article: Source

EU Market: Carbon prices crash through €7 to post another 10% weekly drop, enter bear market

Posted on 18 January 2016 by VRS  |  Email |Print

EU carbon hit a 10-month low on Friday to continue the rocky start to 2016, which has wiped almost 20% off EUA prices since the end of 2015. The Dec-16 EUA contract trading on ICE settled down 41 cents or 5.8% at €6.72, just off the intraday bottom of €6.68 – the lowest price seen since Mar. 17, 2015. Turnover on the benchmark futures was heavy at almost 26 million units traded.
On a weekly basis, the front-year futures posted a 9.9% drop for a second straight week. German bourse EEX earlier on Friday warned participants that it was experiencing a rare “fast market” situation in its spot EUA trading, meaning it was witnessing high price fluctuations within a short period of time………………………………………..Full Article: Source

Carbon Trading Program Could Yield Significant Rewards for Virginia

Posted on 15 January 2016 by VRS  |  Email |Print

Virginians could reap significant economic benefits by implementing a carbon trading program, along with stronger renewable energy and energy efficiency standards, to comply with the Environmental Protection Agency’s Clean Power Plan, according to a Union of Concerned Scientists (UCS) study.
“Virginia has a relatively modest emissions reduction target compared to other states around the nation,” said Jeremy Richardson, study author and senior energy analyst at UCS. “State officials would be smart to realize that shifting to cleaner energy doesn’t take much………………………………………..Full Article: Source

New project approvals to add supply to China’s offset market

Posted on 15 January 2016 by VRS  |  Email |Print

China has released the names of another batch of projects deemed eligible to generate carbon offsets, of which nine will be able to supply around 1.1 million CCERs annually to compliance buyers in the pilot emissions trading schemes and the national ETS.
Over the past two days, the NDRC has published design documents for 17 projects that have been given the go-ahead under China’s national offset programme (two of them were published in Dec.). The approvals themselves were awarded in July, but not reported until now………………………………………..Full Article: Source

Guangdong carbon exchange sets out ground rules for CCER trade

Posted on 14 January 2016 by VRS  |  Email |Print

The Guangdong carbon exchange has become the first of China’s seven emissions bourses to release specific regulations for offset trading in a bid to safeguard against “irregular” trading activities. The rules allow any company covered by one of China’s seven pilot markets to trade CCERs on the Guangdong exchange, as well as institutional and private investors, as long as they are also members of the exchange.
Under the regulations, the exchange is allowed to halt trading if irregular activities are spotted or illegal trading suspected. On the Guangdong exchange, CCERs will trade four hours a day, from 9.30 to 11.30 in the morning, and from 13.30 to 15.30 in the afternoon………………………………………..Full Article: Source

Briton charged in carbon trading probe in Germany

Posted on 14 January 2016 by VRS  |  Email |Print

Frankfurt prosecutors said they have charged a British man with having been a member of a gang involved in fraudulent trading of carbon permits and evading about 58 million euros (43.51 million pounds) of taxes.
The move is part of an investigation relating to so-called carousel trades made in 2009 and 2010, in which buyers imported emissions permits in one European Union country without paying value-added tax (VAT) and then sold them to each other, adding VAT to the price and generating tax refunds when no tax had been paid………………………………………..Full Article: Source

Analysts cut EU CO2 price forecasts on lower coal, higher gas use

Posted on 13 January 2016 by VRS  |  Email |Print

Analysts have cut their forecasts for European carbon prices on expectations that cheap gas will encourage more switching from coal, a Reuters quarterly poll showed on Tuesday. Front-year EU Allowance (EUA) futures are expected to average 9.02 euros ($9.79) this year, rising to 10.55 euros in 2018, according to the mean forecast of nine analysts.
The forecasts were down 7.4 percent and 14.3 percent from forecasts of 9.74 euros and 12.31 euros respectively in the last poll published in October. The EU Emissions Trading System (ETS) regulates around half of Europe’s output of heat-trapping gases by forcing more than 11,000 power plants, factories and airlines to surrender a carbon allowance for every tonne they emit………………………………………..Full Article: Source

IMF: Carbon pricing central to climate change challenge

Posted on 13 January 2016 by VRS  |  Email |Print

Emissions charges and carbon pricing should be “front and centre” in addressing climate change, the International Monetary Fund has said. In a paper titled After Paris: Fiscal, Macroeconomic and Financial Implications of Climate Change, IMF staff highlight that fiscal policies will be crucial to implementing the historic agreement between 195 world leaders signed at COP21 in Paris last December.
“Most immediate, and key, is the need to recognise and exploit the potential role of fiscal policies in implementing the mitigation pledges submitted by 186 countries in the context of the Paris agreement,” it said………………………………………..Full Article: Source

ADB says global carbon trade could help Southeast Asia

Posted on 12 January 2016 by VRS  |  Email |Print

A global carbon trading market could boost Southeast Asia’s efforts to combat climate change, the Asian Development Bank said on Monday. The region had the fastest growth in carbon dioxide emissions in the world from 1990 to 2010, and will continue to rely mainly on coal-fired plants for its power needs, making it one of the top contributors to global greenhouse gas emissions, the ADB said in a report.
Southeast Asia’s five largest economies - Indonesia, Malaysia, the Philippines, Thailand, and Vietnam - account for 90 percent of the region’s emissions, the Manila-based development bank said in the report, which comes in the wake of a landmark international agreement on fighting climate change reached in Paris in December………………………………………..Full Article: Source

US boom boosts global carbon markets in 2015

Posted on 12 January 2016 by VRS  |  Email |Print

Global volume of carbon credits shrinks but ‘boom time’ in California, Quebec and northwest US sees overall value jump 9%. The world’s carbon markets are still alive, contrary to many reports. New data from the team at Thomson Reuters Point Carbon shows they increased in value to €48.4 billion ($52.8 bn) over 2015, a leap of 9%.
The rise is mainly down to higher prices, says Point Carbon, with North America markets rising 121% in volume and 220% in value………………………………………..Full Article: Source

10 Carbon Market Trends to Watch in 2016

Posted on 11 January 2016 by VRS  |  Email |Print

The Climate Trust, a mission-driven nonprofit that specializes in mobilizing conservation finance for environmental benefit, announced its third annual prediction list of 10 carbon market trends to watch in 2016.
The trends, which range from climate change playing a larger role in federal decision-making to increased carbon market linkage and momentum in conservation finance, were identified by The Climate Trust based on interactions with their diverse group of working partners—government, utilities, project developers and large businesses………………………………………..Full Article: Source

Poland files lawsuit over ETS reserve

Posted on 11 January 2016 by VRS  |  Email |Print

Poland has filed a lawsuit at the European Court of Justice (ECJ) calling for an annulment of the decision to implement a market stability reserve (MSR) for the EU emissions trading scheme (ETS). The complaint was filed to the ECJ on the 4 of January, the country’s permanent representation to the EU told Argus.
The Polish government said last week that it would challenge the decision on the basis that the reserve’s introduction in 2019 will disrupt phase 3 (2013-20) of the EU ETS, thereby undermining investor certainty. Warsaw also argued that the MSR effectively violates the principle of proportionality by increasing the EU’s emissions reduction goals beyond its international obligations………………………………………..Full Article: Source

A 2016 Carbon Market Forecast

Posted on 08 January 2016 by VRS  |  Email |Print

The Climate Trust, a mission-driven nonprofit that specializes in mobilizing conservation finance for environmental benefit, announced its third annual prediction list of 10 carbon market trends to watch in 2016.
The trends, which range from climate change playing a larger role in federal decision-making to increased carbon market linkage and momentum in conservation finance, were identified by The Climate Trust based on interactions with their diverse group of working partners—government, utilities, project developers and large businesses………………………………………..Full Article: Source

Poland files lawsuit over ETS stability reserve

Posted on 08 January 2016 by VRS  |  Email |Print

Poland has filed a lawsuit at the European Court of Justice (ECJ) calling for an annulment of the decision to implement a market stability reserve (MSR) for the EU emissions trading scheme (ETS). The complaint was filed to the ECJ on the 4 of January, the country’s permanent representation to the EU told Argus today.
The Polish government said last week that it would challenge the decision on the basis that the reserve’s introduction in 2019 will disrupt phase 3 (2013-20) of the EU ETS, thereby undermining investor certainty. Warsaw also argued that the MSR effectively violates the principle of proportionality by increasing the EU’s emissions reduction goals beyond its international obligations………………………………………..Full Article: Source

banner
February 2016
S M T W T F S
« Jan    
 123456
78910111213
14151617181920
21222324252627
2829