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. …

Do improved biomass cookstoves reduce fuelwood consumption and carbon emissions ? evidence from rural Ethiopia using a randomized treatment trial with electronic monitoring

This paper uses a randomized experimental design with real-time electronic stove temperature measurements and controlled cooking tests to estimate the fuelwood and carbon dioxide savings from an improved cookstove program in the process of being implemented in rural Ethiopia. Knowing more about how households interact with improved cookstoves is important, …

Grantham Institute: Extend green subsidies to carbon capture

The UK and other EU countries should extend green subsidies, such as the Contracts for Difference scheme, to carbon capture and storage (CCS) technology, an influential think-tank has claimed. The Grantham Institute today (16 June) released a policy brief on CCS, which it claims is vital in limiting global warming …

Energy and climate change: world energy outlook special report 2015

A peak in global energy-related emissions could be achieved as early as 2020 and at no net economic cost says International Energy Agency in this new report . The world is moving towards a crucial climate change meeting in Paris in December 2015 (COP21). The negotiations there will be based …

Global CO2 pricing seen unlikely to be big part of Paris climate deal

A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives. "All countries are relatively sceptical on international market mechanisms," said …

Ahead of the curve: state of the voluntary carbon markets 2015

When the international negotiations take center stage in Paris this December in the hopes of reaching an agreement to rein in climate change beginning in 2020, negotiators will be able to draw on the lessons learned in the voluntary carbon markets, according to a new report from Forest Trends’ Ecosystem …

Europe's energy big six say gas must help in the fight against climate change

BP and Shell involved in rare public intervention by energy giants aimed at influencing UN climate talks The bosses of Europe’s six largest energy companies, including BP and Shell, have said gas should play a vital role in plans to tackle global warming, in a rare public intervention aimed at …

Climate change: Major energy companies write to UN to request help in setting up carbon pricing scheme

Six major energy companies have written to the United Nations asking for help in setting up a carbon pricing scheme to help tackle climate change. BP, Royal Dutch Shell, Total, Statoil, Eni and the BG Group asked Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change, …

Background report on long-term climate finance

This “Background Report on Long-term Climate Finance” was prepared by Climate Policy Initiative and CICERO for the German G7 Presidency 2015. It aims to inform discussions on how to scale up climate finance to meet low-carbon, climate-resilient investment needs and discusses current investment levels, future needs, and potential solutions that …

EU carbon market expects price rise for first time in four years

Participants in the European Union's carbon market expect average prices to rise for the first time in four years, an annual survey published by the International Emissions Trading Association (IETA) showed on Tuesday. The survey conducted by PwC drew on responses from 122 IETA members including utilities, trading houses and …

European Parliament committee approves carbon reform from 2019

Members of the European Parliament on Tuesday approved a compromise deal to begin a new reform of the EU Emissions Trading System (ETS) from January 2019. MEPs in the Committee of Environment, Public Health and Food Safety voted 49 in favor; eight were against and two abstained. Known as the …

Carbon market value expands to $44 Billion as Korea signs up

The value of global carbon permits expanded to $US34 billion ($44 billion) in the past year, with gains led by South Korea, California and Quebec, the World Bank said. Permits aimed at reducing greenhouse gases were worth 6.3 per cent more than the $US32 billion a year earlier, the Washington-based …

China readies national carbon market to fight climate change

At first, the numbers and company names flashing on a big board in Beijing’s financial district suggest a booming market. A closer look indicates otherwise: The scrolling list rotates the same dozen or so trades, all from last year. The lights from the Beijing Environment Exchange — one of seven …

New Zealand mulls carbon markets to meet climate targets

New Zealand is eyeing up international carbon markets to meet any climate commitments, the government revealed in a consultation this week. Slammed by Greens as “seriously flawed”, the document emphasised the costs of cutting greenhouse emissions at home. It claimed for the same level of cost as the European Union’s …

Greece, other EU strugglers emerge winners from carbon reforms-data

Europe's poorest nations, including heavily indebted Greece, emerge the main winners from a deal to reform the world's biggest carbon market that will raise billions for EU governments, data from Thomson Reuters Point Carbon shows. The European Union on Tuesday reached a preliminary accord to launch on Jan. 1, 2019, …

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 …

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 …

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 …

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