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Carbon trading schemes around the world
Companies and governments around the world are turning to emissions trading as a weapon to fight climate change and join a global carbon market worth $142 billion last year. Under cap-and-trade schemes, companies or countries face a carbon limit. If they exceed the limit they can buy allowances from others. They can also buy carbon offsets from outside projects which avoid greenhouse gas emissions, often from developing countries. Following is a list of established schemes.
read more... 07/12/2011
Vattenfall stops investments in German CCS pilot project
Swedish utility Vattenfall has shelved its plans for the construction of 300 MW carbon capture and storage (CCS) pilot project in Jänschwalde, Germany, following strong public opposition based on environmental concerns.
read more... 06/12/2011
UK renewable sector sees crash in investments
The development of new renewable capacity fell significantly this year following a “dash gas” policy of the big six British energy suppliers that could damage UK’s climate change targets and keep households bills up. UK’s offshore wind market underwent a strong decline this year with only 540 MW of new onshore and offshore installed capacity, comparing to 1, 192 MW installed last year.
read more... 06/12/2011
Daily – oil prices mixed on rising worries over the euro zone debt
U.S. crude oil futures traded nearly flat on Monday, while ICE Brent crude oil futures decreased following rising worries about the euro zone after a media report announced that S&P could put several major European economies on credit watch negative.
read more... 06/12/2011
E.ON: sharp profit drop on nuclear exit and lower gas earnings
E.ON AG, the biggest German utility, is facing sharp profit drops following a phase out of nuclear energy and a decline in wholesale gas prices.
read more... 06/12/2011