Latest news
British Gas rejects the Big Switch Scheme
The energy giant, British Gas has said that it would not take part in so-called Big Switch scheme which is aimed to help consumers negotiate better tariffs on gas and electricity bills. This campaign was proposed by consumer group Which? and aims to sign up as many households as possible and then attempt to negotiate cheaper energy tariffs from major suppliers on their behalf.
read more... 04/04/2012
South African Tourism Minister urges EU to suspend ETS scheme for 2 years
During a speech at the Air Transport Action Group (ATAG) in Geneva, South African Tourism Minister Marthinus van Schalkwyk has urged the European Union to suspend the inclusion of aviation in the European Union Emissions Trading Scheme (EU ETS) for two years, in order to provide the industry with time to come to a multilateral global negotiation under International Civil Aviation Organization (ICAO).
read more... 29/03/2012
China: Seven pilot provinces and cities prepared for setting carbon-trading schemes
Seven provinces and cities in China started to make final preparations as the country envisages cutting the carbon intensity by 17% by 2015.
read more... 16/01/2012
Highly volatile EUA carbon trading
Benchmark EU carbon prices fell to a record low earlier this month, as prospects of a slowing economy eroded demand in a market analysts say is oversupplied. Since the start of the year carbon prices have shed half their value to below 7 euros per tonne, prompting some calls for EU officials to rescue the beleaguered market. On Dec. 20, EU lawmakers backed a proposal to let the bloc's executive Commission prop up record low carbon prices by withholding 1.4 billion permits from the third phase of its Emissions Trading Scheme, sending the prices 20 percent higher. The intraday move was more than 30%.
read more... 27/12/2011
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