Weak consumption in the People’s Republic of China will partly offset robust domestic demand in South Asia. Disinflation is expected to continue, driven by lower food and energy prices, along with the lagged effects of previous monetary policy tightening. The region’s high-income technology exporters remain a bright spot, benefiting from …
The greenhouse gas emissions levels are now around 14 per cent above where they need to be in 2020 shows this UNEP report developed by 55 scientists from 22 countries. Warns that if nations do not act promptly, the emissions are likely to be at 58 gigatonnes in eight years' …
Report reveals steel and cement giants are buying cheap carbon credits abroad in order to avoid cutting their own emissions Some of the companies that have complained loudest about the European Union's environmental measures are using the EU's emissions trading scheme (ETS) to give money to rivals in other countries …
Suppliers of offset credits to California's carbon emissions market will only be able to meet a third of demand unless the state approves more project types, a move that could drive up the cost of complying with the scheme, an expert said Tuesday. Companies that have their carbon dioxide emissions …
The U.N. has called in more than 40 contractors and shifted internal resources to help it unclog a bottleneck of requests from companies seeking carbon credits, officials at the body's climate secretariat said on Tuesday. As of August, the U.N. was taking an average of 30 days to start processing …
This paper explores the possibility of linkages between the PAT scheme and the bilateral carbon offset mechanism proposed by the Government of Japan. It is well established that linking a domestic program with any international mechanism requires it to demonstrate efficient institutional structure for monitoring and verification. Considering the fact …
The report, which aggregates data from 415 individual forest carbon projects historically, was published by Forest Trends’ Ecosystem Marketplace, a world-leading provider of news, data and analytics on environmental markets and investments in conservation. The report examines a variety of strategies for injecting financial resources into projects that save or …
European Union governments will probably reduce emissions outside the bloc’s carbon market by 8.8 per cent more than required under the 1997 Kyoto Protocol, according to projections published today on an EU website. The oversupply of reductions among the 15 older members of the bloc will amount to 1.03 billion …
United Nations emission credits dropped to a record as the regulator defended allowing supplies of offsets from more-efficient coal plants in emerging nations. Certified Emission Reduction credits for December fell 8.9 per cent to close at 1.53 euros ($1.90) a metric ton on the ICE Futures Europe exchange in London, …
The first phase of the Kyoto Protocol's (KP) emissions offset market is drawing to a close with just over 13 billion giga tons (Gt) of surplus of emissions offset credits, more than a thousand times greater than anticipated demand of 11.5 million mega tons (Mt). The balance of supply and …
California's carbon market could be 29 percent short of offset credits in its 2013-2014 pilot phase if regulators do not expand their list of allowable project types, making it more expensive for companies to achieve their required emissions cuts, a new report said. By the upcoming cap-and-trade system's third phase, …
After announcing this week it will link its future carbon market to the EU's, Australia may look to California next as a potential emissions-trading partner, but the US state may be less keen to cement a trans-continental link, analysts said. On Tuesday, Australia announced it will link its emissions trading …
Carbon and Water Footprints first analyses the origins of the carbon and water footprints. It makes a detailed exploration of the similarities and differences of aspects such as definition, methods of measurement, spatio temporal dimensions, components, and entities for which the footprints can be calculated. Carbon and Water Footprints then …
California's air regulator this week defended its decision to allow emitters to use offset credits in the state's forthcoming emissions trading system, refuting claims made in a lawsuit by two green groups that there is no way to ensure the environmental integrity of those projects. The plaintiffs who brought the …
A two-day meeting hosted the by US of 17 countries opposed to the EU's emissions trading system (ETS) has ended without a joint declaration. The countries, however, reaffirmed their ambition to keep working on an alternative framework to address greenhouse gas emissions under UN's International Civil Aviation Organisation (ICAO). They …
California's air regulator this week defended its decision to allow emitters to use offset credits in the state's forthcoming emissions trading system, refuting claims made in a lawsuit by two green groups that there is no way to ensure the environmental integrity of those projects. The plaintiffs who brought the …
Toshiba Air Conditioning has been officially recognised as a carbon neutral business after it carried out an intensive carbon reduction programme, said the company. The project required a detailed assessment of energy consumption and carbon emissions across all of the company's activities and included supporting certified carbon offsetting projects with …
New Zealand carbon prices hit a two-month high this week, extending gains as ongoing speculation of tighter liquidity in the European carbon market was expected to bolster the New Zealand market in the longer term. New Zealand permits for spot delivery (NZUs) rose as high as NZ$7.00, traders said, their …
The total value of the carbon market grew by 11 per cent in 2011, to $176 billion, and transaction volumes reached a new high of 10.3 billion tons of carbon dioxide equivalent (CO2e), according to a new report from the World Bank (WB). The report titled on "State and Trends …
China spurred a jump in global carbon dioxide (CO2) emissions to their highest ever recorded level in 2011, offsetting falls in the United States and Europe, the International Energy Agency (IEA) said on Thursday. CO2 emissions rose by 3.2 percent last year to 31.6 billion tonnes, preliminary estimates from the …
