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. …

Upstart of DANIDA funded Green facility in the Maldives

An Agreement of Collaboration has been signed between the UNEP Risoe Centre in Denmark and Ministry of Housing and Environment on capacity building for Clean Development Mechanism (CDM). The activities under this collaboration will consist of strengthening capacity of Maldives to participate in the Global Carbon Market, through a series …

EU May Propose Plan To Extend Kyoto: Sources

The EU could yet table a proposal that would throw the beleaguered Kyoto Protocol a lifeline and secure the future of the Clean Development Mechanism (CDM) beyond 2012, government negotiators and observers have told Point Carbon News. Officials from the bloc's member states will in the next few weeks discuss …

California Offset Frustration Continues

Carbon market participants on Tuesday said revisions to key rules may not be enough to ensure that trading in secondary offset markets in California is liquid and stable. At issue is the question of who should be held responsible for replacing offset credits in the event that a project is …

Steelmakers Sue EU Over Carbon Market Rules

European steelmakers said they started legal action on Thursday to overturn the way the sector has been included in the European Union's carbon market. Industry body Eurofer says the rules for the Emissions Trading Scheme (ETS) do not set a fair benchmark for allowing the industry's most efficient 10 percent …

Australia unveils sweeping carbon plan in climate fight

Australia unveiled its most sweeping economic reform in decades on Sunday with a plan to tax carbon emissions from the nation's worst polluters, reviving hopes of stronger global climate action with the largest emissions trade scheme outside Europe. Prime Minister Julia Gillard said 500 companies including steel and aluminum manufacturers …

Australia To Set Carbon Price Of A$23 Per Tonne

Australia is set to impose at the weekend a carbon tax of A$23 a tonne ($24.60) on its 500 top polluting companies, newspaper reports said, in a move aimed at soothing wary voters and which analysts said should not roil financial markets. Prime Minister Julia Gillard's minority Labor government would …

Australia To Unveil Carbon Price Scheme This Week

An Australian carbon price scheme putting a tax on emissions and outlining a transition to emissions trading around 2015 will be unveiled later this week, the deputy leader of the influential Greens Party said on Monday. Christine Milne also backed reports that the minority Labor government had agreed to set-up …

Unburnable carbon: are the world’s financial markets carrying a carbon bubble?

This research provides the evidence base which confirms what we have long suspected – that there are more fossil fuels listed on the world’s capital markets than we can afford to burn if we are to prevent dangerous climate change. Having satisfied that curiosity, this report marks a new phase …

Transparency Maldives launches Global Corruption Report on climate change

Transparency Maldives Sunday launched the Global Corruption Report: Climate Change compiled by Transparency International. Transparency International officially inaugurated the report, first of its kind to comprehensively explore major climate-related corruption risks, in April of this year at Dhaka, Bangladesh. International watchdogs identify that improper or poor governance paves the way …

Carbon Offsets Fall Below 10 Euros, New 2-Year Low

International carbon offsets fell below 10 euros per metric ton for the first time since March 2009 early on Monday morning, but traders were unsure whether carbon prices were poised to drift lower or stage a rally. A combination of slim buying and continued jitters over the economic outlook have …

California Gets Carbon Market Court Win

A California appellate court has ruled that state regulators can proceed with plans to implement a carbon cap-and-trade system, a decision that puts them on track to launch the market as scheduled in January 2012. The ruling by the California First District Court of Appeal late on Friday is the …

EU Climate Chief Confronts Riddle Of Deeper CO2 Cut

The European Union can still deepen planned cuts to greenhouse gases beyond 20 percent, but the task is complex and has not been helped by controversy over nuclear power, the EU's climate chief said on Wednesday. Climate Commissioner Connie Hedegaard is planning to reveal new research in July on the …

U.N. Says Climate Talks Will Miss Kyoto Deadline

U.N. talks have run out of time to meet a December 2012 deadline to put in place a binding successor to the Kyoto Protocol on curbing greenhouse gases, the U.N.'s top climate official said Monday. The main aim of the U.N. talks process was to agree a legally binding deal …

Quantified economy-wide emission reduction targets by developed country parties to the convention: assumptions, conditions and comparison of the level of emission reduction efforts

This technical paper presents an overview of the quantified economy-wide emission reduction targets to be implemented by developed country Parties, as well as assumptions and conditions related to the attainment of these targets, and discusses comparison of the emission reduction efforts. This paper is intended to facilitate understanding of these …

Carbon fat cats 2011: the companies profiting from the EU emissions trading scheme

Carbon Fat Cats 2011 sets out the analysis of those companies profiting most from Europe’s Emissions Trading Scheme (ETS). The results matter because of their bearing on a crucial debate being held in Europe and the wider world – a debate about how to respond to profound challenges created by …

Back to the future: state of the voluntary carbon markets 2011

For five years, Forest Trends’ Ecosystem Marketplace and Bloomberg New Energy Finance have published the State of the Voluntary Carbon Markets Reports to shed light on trading volumes, credit prices, project types, locations, and the motivations of buyers in this market. Every year’s marketplace seems more complex than the one …

Household energy access for cooking and heating: lessons learned and the way forward

This study provides the review of two World Bank experts on the 19 household projects supported by the Bank. The study provides eight lessons, namely: (1) holistic approach to household fuels is needed: the fuel-wood supply has to be sustainable; improved stoves and alternative fuels are needed; and institutions must …

State and trends of the carbon market 2011

During the Carbon Expo taking place in Barcelona, Spain, the World Bank released the 2011 edition of its State and Trends of the Carbon Market Report, which indicates a slight decline in carbon markets compared to 2009. Among the reasons for the carbon market's lack of growth, the report signals …

REDD+ and carbon markets: ten myths exploded

Over the last four years, the United Nations’ negotiations on Reducing Emissions from Deforestation and Forest Degradation – REDD+ – has become increasingly central in global discussions on climate change. Unfortunately there are still a number of serious misconceptions about the suitability of carbon markets to finance forest protection. The …

Gender-responsive strategies on climate change: recent progress and ways forward for donors

This paper outlines a rationale for improved integration of gender into climate change and seeks to support donors in this endeavour by investigating the challenges and opportunities donors are facing, updating the wider body of work and knowledge on gender and climate change and the status of gender in global …

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