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 …
State of the Voluntary Carbon Markets 2012: Developing Dimension is the sixth annual report created to shed light on trading volumes, credit prices, project types, locations, and the motivations of buyers voluntarily purchasing carbon offsets. Findings are based on data voluntary reported by 312 offset suppliers, seven exchanges, and all …
European carbon prices could treble from current levels to average above 19 euros ($23.80) over the next eight years provided European governments cut supply of permits, according to a survey by consultants PwC. In its annual GHG Market Sentiment Survey, PwC found that 80 percent of respondents were in favor …
Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said. If agreed, a more ambitious target could help to spur the European Union's carbon market, which has sunk to record lows. Previous …
China's central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement on its website on Thursday. The ministry said China plans to promote more use of energy-saving products and low or …
Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said. If agreed, a more ambitious target could help to spur the European Union's carbon market, which has sunk to record lows. Previous …
Microsoft on Tuesday vowed it would be carbon neutral in the fiscal year starting July. The plan to zero-out the overall amount of climate-changing gas spewed while running data centers, software labs, and offices and even during work-related travel included charging departments a fee for carbon produced. "The goal is …
California on Wednesday released an updated draft of its cap-and-trade regulations that for the first time includes language that would link its carbon market to a similar scheme in the Canadian province of Quebec. The draft language called for the mutual acceptance of compliance instruments like allowances and offset credits …
The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website. The Executive Board (EB) …
Europe's economic slump is allowing utilities in some countries to burn increasing amounts of cheap, highly polluting coal for electricity generation and still meet legally binding targets to cut carbon dioxide emissions, Reuters research shows. The EU's carbon scheme, its main tool to fight global warming, caps CO2 emissions on …
The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website. The Executive Board (EB) …
South Korea's lawmakers approved a national emissions trading scheme on Wednesday to tackle its growing greenhouse gas emissions, overcoming strong industry opposition and joining a growing number of nations to put a price on carbon. Of the 151 lawmakers who voted, 148 approved the scheme, underscoring bipartisan support for a …
Energy security, power markets and sustainable urban development top the agenda at talks on Thursday between European Commission bosses and visiting Chinese officials, led by Vice Premier Li Keqiang, as both sides scramble for supplies and market share. Beijing and the European Union, China's leading trade partner, launched regular dialogue …
The National Chamber of Commerce of Sri Lanka (NCCSL) was recently awarded the Certificate for Carbon Neutral by becoming the first ‘Green Chamber’ in the country to offset its carbon footprint. “In today's business context the role of sustainability has risen to a pre-eminent position” said Asoka Hettigoda, President of …
This report is the third report of its kind since 2009 when the UN first published details of its annual carbon footprint. With a foreword from UN Secretary-General Ban Ki-moon, and a preface from UNEP’s Executive Director Achim Steiner, this report explains the UN’s ambition towards climate neutrality. It details …
Germany reiterated support on Monday for EU law making all airlines pay for carbon emissions, underlining the bloc's determination not to bow to international pressure to scrap the scheme. The European Union's requirement that all airlines buy carbon allowances to offset flights that use EU airports has stirred threats of …
The head of the United Nations body that oversees civil aviation said on Friday that his agency still plans to have a proposal on measures to address emissions from aviation by the end of 2012, even as critics push for faster change. "I read the press like anyone. I listen …
The head of the United Nations body that oversees civil aviation said on Friday that his agency still plans to have a proposal on measures to address emissions from aviation by the end of 2012, even as critics push for faster change. "I read the press like anyone. I listen …
A growing number of national and regional governments are likely to use voluntary carbon credits to meet mandatory climate targets, a report by U.S. research company Ecosystem Marketplace said on Thursday. The report said about 20 government programs had engaged with the voluntary carbon market, despite doubts by some companies, …
Voluntary sustainability standards are becoming increasingly popular tools for implementing and enforcing the adoption of sustainable practices in international supply chains. But voluntary standards come in many shapes and sizes, with varying objectives. This policy brief provides a high-level overview of some of the key characteristics of three major types …
