Carbon Market

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

China carbon tax may prompt US debate

China's potential carbon tax may spur US lawmakers to consider climate protection more seriously, according to a trader representative. “China's announcement that it's considering a carbon tax may, over time, chill superficial resistance by some to the issue and spur US lawmakers to more seriously consider what the appropriate US …

World green building trends: business benefits driving new and retrofit market opportunities in over 60 countries

As sustainability and energy efficiency initiatives take hold around the world, firms are finding business value and opportunities from green building, including the opportunity for new environmentally responsible products, according to McGraw-Hill Construction’s latest SmartMarket Report, “World Green Building Trends - Business Benefits Driving New and Retrofit Market Opportunities in …

The impact of corruption on climate change: threatening emissions trading mechanisms?

This bulletin provides an overview of recent discussions about the impact of corruption on environmental governance, with a focus on emissions trading. It reviews new definitions and the latest corruption assessment methodologies in order to emphasise the broader challenges faced by GHG trading mechanisms and climate finance.

EU parliament hesitates in drafting law for CO2 fix

European lawmakers backed an emergency plan to save the world's biggest market for carbon allowances from collapse on Tuesday, but put off drafting the necessary legislation, sending prices down by as much as 20 percent. The carbon market, a pillar of the European Union's climate policy to cut greenhouse gas …

European Union should end carbon trading: Environmentalists

More than 75 environmental organizations Monday urged the European Parliament to end the European Union's Emissions Trading Scheme, launched seven years ago as a market-oriented way of reducing pollution and greenhouse gases. The parliament is to vote Tuesday on a plan by the European Commission to overhaul the ETS with …

States’ Group Calls for 45% Cut in Amount of Carbon Emissions Allowed

The Regional Greenhouse Gas Initiative, the country’s first regional system for capping carbon emissions and creating a market in carbon allowances, proposed a fundamental change on Thursday to increase electrical utilities’ incentive to cut emissions from fossil-fuel plants by raising the cost of compliance. The regional group proposed a 45 …

Germany at core of carbon market rescue

Germany and six other EU nations hold the key to the decision on a rescue plan for the world's biggest carbon market after prices slumped due to record oversupply, three EU officials with knowledge of the matter said. The EU proposal to help emission prices rebound from all- time lows …

EU carbon market hit fresh low after backloading vote

EU carbon prices briefly slid 40 percent to a record low after politicians opposed plans to support the market, raising concerns prices could hit zero and sending a warning to European governments to pull together in lowering carbon emissions. Prices in the EU's Emissions Trading Scheme (ETS) on Thursday dropped …

EU Commission urges swift action to support carbon market

The European Commission on Monday called on member states and the European parliament to agree urgently on a plan to support the carbon market. Provided the proposal to withdraw temporarily some of the surplus of permits on the EU Emissions Trading Scheme (ETS) is supported, the Commission could begin holding …

Carbon price under EU emissions Trading System hits all-time low

The price of carbon hit a record low in Europe on Monday as the over-supply of emissions permits during the global economic downturn continued to undermine the carbon market. The price fell below 4.8 euros in early trading, before recovering to above 5 euros by late afternoon. Carbon permits are …

Carbon plan can pass with German backing: EU climate chief

Carbon plan can pass with German backing: EU climate chief An EU executive plan to reduce a glut of carbon emissions allowances, which are trading close to record lows, can pass provided it gets German support, EU Climate Commissioner Connie Hedegaard said on Wednesday. The European Commission proposal, known as …

Top 7 climate change fallacies

Climate change is defined as a long-term change in the Earth’s climate, or of a region on Earth and has been a topic of global interest over the last few decades. In fact, the World first heard of the term in 1979, and it took another decade before the Intergovernmental …

Assessing the climate impacts of cookstove projects: issues in emissions accounting

An estimated 2.6 billion people rely on traditional biomass for home cooking and heating, so improving the efficiency of household cookstoves could provide significant environmental, social and economic benefits. Some researchers have estimated that potential greenhouse gas emission reductions could exceed 1 billion tons of carbon dioxide equivalent (CO2e) per …

Agriculture, forestry and other land use mitigation project database: second assessment of the current status of land‐based sectors in the carbon markets

This paper presents the second analysis of the Agriculture, Forestry and Other Land Use Mitigation Project (AFOLU MP) database. The original analysis published in November 2010 in the second volume of the MICCA Series contained information on 497 AFOLU mitigation projects gathered from 11 different registries, both crediting scheme registries …

Accessing climate finance for sustainable transport: a practical overview

This document, developed by GIZ together with the Bridging the Gap Initiative, represents a practical guide for developing country's governments on how to access climate funds for sustainable land transport interventions. The guidance focuses on climate change mitigation and updates existing and proposed sources of climate finance in the context …

Carbon market fix a boost for most in EU: Commission note

EU countries will get an estimated 59 percent increase in revenue from the sale of carbon allowances over the next three years if plans to strengthen the EU Emissions Trading Scheme (ETS) are implemented, an internal commission note said. Some countries, such as Poland, would see an initial drop in …

EU considers more free CO2 permits for steelmakers: sources

The European Commission is considering whether to hand out more free pollution allowances for the steel sector next year to counter the risk the industry could be driven out of Europe, EU sources said. The cost of carbon on the Emissions Trading Scheme (ETS) has collapsed to record low levels …

Plugging the energy efficiency gap with climate finance

This report examines the current role of climate finance in funding EE projects and the potential to channel funds to relevant EE projects in developing countries under the new Green Climate Fund (GCF). The objectives of the report are to examine: the share of climate finance currently being channelled to …

Mobilising investment in energy efficiency: economic instruments for low‐energy buildings

Taxes, loans and grants, trading schemes and white certificates, public procurement and investment in R&D; or infrastructure: known collectively as “economic instruments”, these tools can be powerful means of mobilising the finances needed to achieve policy goals by implementing energy efficiency measures. The role of economic instruments is to kick-start …

German minister backs EU proposal to squeeze carbon market

Germany's environment minister has come out in support of a European Commission proposal to prevent the collapse of its instrument for cutting carbon emissions by withdrawing some emission permits from the market. Peter Altmaier, an influential figure in Chancellor Angela Merkel's Christian Democrats (CDU), told Reuters he hoped the ruling …

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