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Tag: carbon
UN Fosters Use of Pre-2020 Carbon Credits for Climate Plans
2015-05-30 11:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The United Nations climate secretariats head of carbon-market demand encouraged countries to use existing credits created under the Kyoto Protocol to meet emission-reduction targets even after that pact ends in 2020. While some countries plan to cancel certain existing credits, Niclas Svenningsen said the UN Framework Convention on Climate Change hasnt received such instructions and doesnt intend to delete offsets in its registry. Using UN credits would spur demand in a market that some perceive...
Tags: plans
credits
carbon
climate
Carbon pricing winning favour with tiger economies
2015-05-28 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: leading emerging nations are mulling making the polluter pay than ever before. China plans to launch the worlds largest emissions trading scheme (ETS) eclipsing the EU`s seminal practice next year. South Africa will make lawmakers vote on a carbon tax in 2016, while Chile has its own scheduled for 2017. While countries have lagged in slapping costs on the unregulated emitting of carbon dioxide, 15 more are poised to set up schemes. 2016 and 2017 is the year for carbon prices for major...
Tags: pricing
winning
carbon
tiger
Carbon tax or trade? Debate loses steam as world embraces both
2015-05-28 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Tax versus trade is an issue that has stalked the EU Emissions Trading System (ETS) over its 10 years of existence, but is fading in importance as the world moves towards increased use of both methods of cutting greenhouse gas pollution. The European Union set up the ETS in 2005 as a way of getting round policy-making rules that require the unanimity of member states to decide on a tax. Following years of legislative fine-tuning to overcome problems such as a glut of carbon allowances, they...
Gulf Capital offers debt financing for Carbon Holdings three petrochemical projects in Egypt
2015-05-27 01:00:00| Hydrocarbons Technology
Gulf Capital has agreed to provide debt financing to Egyptian petrochemical company Carbon Holdings to support its three major petrochemical projects at Ain Sokna on the Suez Canal.
Tags: offers
capital
projects
debt
China readies national carbon market fight climate change
2015-05-24 07:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: 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 pilot markets in China for trading carbon -- raises questions for the country as it prepares for next year's roll-out of a nationwide system that could help the world's biggest emitter of heat-trapping...
Tags: change
national
china
market
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