Emissions Trading

Disruption and Disarray: An analysis of pangolin scale and ivory trafficking, 2015-2024

In 2019, the illegal wildlife trade reached staggering levels. Pangolin scales and ivory were being trafficked in massive quantities from Africa to Asia, exposing a network of crime syndicates operating at an industrial scale. The sheer volume of these shipments marked a disturbing milestone, one that revealed the global reach …

Germany says EU carbon deal to remove 200 million permits a year from 2019

The words ''Knock out the toxic tonnes'' are seen on a giant ball during a protest by environmental activists in front of the European Parliament in Brussels February 23, 2015. Photo: Francois Lenoir Germany expects an EU deal to reform its carbon market to result in the one-off removal of …

EU to clamp down on 'glut' of carbon permits in the ETS

EU lawmakers have agreed to fastrack a reform to the EU emissions trading scheme (ETS), to deal with the surplus of allowances in the system. Representatives from the European parliament and the European commission decided to establish a market stability reserve (MSR) in 2019 - two years earlier than originally …

European companies close to exhausting cheap U.N. carbon credits

European companies have used almost all of their quotas of cheap U.N. carbon credits to reduce emissions costs under the EU Emissions Trading System (ETS), which is likely to push up their compliance costs in later years, analysts said on Tuesday. The ETS is the bloc's flagship policy to cut …

EU agrees provisional deal to begin carbon market reforms

The European Union agreed a deal on Tuesday to start reforming the EU Emissions Trading System from Jan. 1 2019, EU sources said. Negotiations between the European Commission, the European Parliament and EU member states agreed an outline legal text to start operating a so-called Market Stability Reserve. The reserve …

Europe's top carbon emitters swap 255 million UN offsets for EU permits

Firms in Europe's Emissions Trading System (ETS) have swapped a total of 255 million U.N.-backed carbon offsets for European Union emissions allowances (EUAs) from April 2013-2014, data published by the European Commission showed on Monday. Traders in the EU carbon market watch the swap figure because it can indicate both …

EU nations agree carbon market reforms should start in 2019: sources

European Union member states reached a provisional agreement that carbon market reforms should begin on Jan. 1, 2019, at closed-door talks on Wednesday, paving the way for a further round of negotiations next month, diplomats said. Member states have been arguing for weeks over when a reform referred to as …

Abbott government spends up big in first climate auctions

Projects to cut greenhouse gas emissions will receive $660 million in taxpayer dollars under the first auctions of the Abbott government's direct action climate plan. In the first hitout for the $2.55 billion scheme, it was revealed on Thursday the government had signed 107 contracts for 144 projects to cut …

Canada provinces urge PM to take stronger action on climate change

(Reuters) - The leaders of nine Canadian provinces and territories on Tuesday called on Prime Minister Stephen Harper to take stronger measures to reduce the country's greenhouse gas emissions by 2050. Quebec Premier Philippe Couillard stressed the urgency of enacting taxes on carbon, creating cap-and-trade systems or using technology to …

Big business using trade groups to lobby against EU climate policy

When we embarked on our research into how trade groups are lobbying on EU climate policy, we knew trade associations were likely to be influential. However, we were surprised at just how important they are to companies, and how ferociously opposed some have been to recent progressive European Union climate …

Europe's carbon capture dream beset by delays, fears and doubt

Brevik, a small coastal town two hours west of Oslo, has found itself on the front line of a global battle over a technology that is hailed in some quarters as the solution to climate change, but denigrated in others as a reckless and potentially fatal gamble. Environmentalists are mobilising …

Mild 2014 Seen Cutting EU Carbon Market Emissions to Record

Carbon dioxide emissions in the European Union’s cap-and-trade program, the world’s largest, probably fell to a record last year as warmer-than-average weather curbed demand for gas and power. Emissions from companies covered by the program dropped 5.8 percent to 1.798 billion metric tons in 2014, according to the median forecast …

Emissions slide began to reverse after the end of the carbon price, data show

Australia's greenhouse emissions from the electricity sector jumped in the September quarter, reversing the industry's declines during the two carbon tax years preceding it, the latest government data shows. According to the National Greenhouse Gas Inventory, released without fanfare last week by the Abbott government, emissions from power plants in …

Britain's greenhouse gas emissions down 8.4 percent in 2014

Britain's greenhouse gas emissions fell 8.4 percent in 2014 due to a decline in fossil-fuel power generation, preliminary government data showed on Thursday. The fall largely resulted from a 15 percent decrease in emissions from the energy supply sector as coal-fired generation fell and output from renewable power sources rose. …

Direct Action set up to allow large rise in emissions, says Climate Institute

So-called ‘safeguards mechanism’ will at best mean business as usual for Australia’s major polluters and at worst lead to far more greenhouse gas output The final element of the Abbott government’s Direct Action climate change policy will at best mean major polluters continue business as usual and at worst lead …

EU Nations Reach Deal to Start Carbon-Market Reserve in 2021

European Union member states agreed on a compromise to seek the start of automatic supply cuts in the world’s biggest carbon market in 2021, giving up plans to push for an accelerated introduction of the fix. The deal, approved today in Brussels, allows EU governments to begin on March 30 …

Climate change: farmers urge Coalition to restore emissions trading scheme

A delegation of farmers has called for the Abbott government to act on climate change by restoring an emissions trading scheme, maintaining the current renewable energy target and spending on rail infrastructure to improve inland transport and reduce carbon emissions. The farmers have spent two days lobbying the Coalition to …

Imported' emissions inflating UK carbon footprint

The UK has been overstating the success of its emissions reduction efforts by failing to account for emissions embedded in imported goods. Figures produced by Leeds University and published by Defra today revealed that emissions associated with imports doubled between 1997 and 2012. Emissions from Chinese imports alone rose from …

Biomass ETS 'loophole' report slammed by renewables industry

A new study which claims the biomass industry is avoiding up to €1bn in carbon taxes due a "loophole" in the EU Emissions Trading Scheme (ETS) has been branded "intentionally misleading" by the renewable energy sector. The study, released today (17 March) by Transport and Environment (T&E;), argues that burning …

Support low-carbon investment

Private finance can drive the energy transformation needed to meet global emissions goals — if backed by the right policies, says Nathan Fabian.

Climate change no longer a budget problem for future generations

"It is difficult for individual governments to control or affect the collective and cumulative impact of human activity globally, but there is a role for the Australian government to continue in its efforts in leading and co-ordinating domestic environmental policies to drive better environmental management and economic growth for the …

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