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Carbon market woes blunt prospects for Cameroon CDM projects

2014-01-04 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: An initiative to reduce greenhouse gas emissions from landfill sites in Cameroon cannot be expanded to other Central African countries as planned due to a lack of income from the troubled carbon market, its backers say. Two projects in Cameroon are registered to sell carbon credits via the U.N.'s Clean Development Mechanism (CDM), but the price of CDM offsets has slumped, blunting prospects for the landfill improvement scheme, according to officials with the state-owned Hygiene and Sanitation...

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Global carbon markets' value dropped 38% in 2013

2014-01-03 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The value of global carbon markets dropped 38% to 38.4 billion euros ($52.9 billion) in 2013, as prices slid in the main EU and UN schemes and trade limited in new programmes, analysts at Thomson Reuters Point Carbon said this week. The value of carbon permits and credits traded was down from 62 billion euros in 2012 and 96 billion euros in 2011, a two-year period in which benchmark EU carbon permit prices fell to 5 euros per tonne from 18 euros, the analysts said in a a report. Last year also...

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Quebec-California Carbon Trading Partnership Officially Kicks Off

2014-01-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: The province of Quebec formally linked its cap-and-trade system with California's market on Thursday, as the two jurisdictions plow ahead with ambitious plans to put an escalating price on carbon in order to reduce emissions. Quebec and California are the only members moving forward with cap-and-trade programs in what was once a promising alliance of 11 states and provinces comprising the Western Climate Initiative that envisaged a North American market for carbon trading. The joint California-Quebec...

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Quebec and California press ahead with carbon trading plan

2014-01-02 23:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: The province of Quebec formally linked its cap-and-trade system with Californias market on Thursday, as the two jurisdictions plow ahead with ambitious plans to put an escalating price on carbon in order to reduce emissions. Quebec and California are the only members moving forward with cap-and-trade programs in what was once a promising alliance of 11 states and provinces comprising the Western Climate Initiative that envisaged a North American market for carbon trading. The joint California-Quebec...

Tags: plan press california trading

 

Miners can survive tax on carbon

2013-12-30 10:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Tennessean: Its hard to take the mile-high view on climate change when youre toiling away underground to put food on the table and a roof over your familys head. Thats certainly the case for coal miners, whose concerns about meeting the needs of their kids here and now trump whatever concerns exist about the world those kids will inherit 30 years later. When you spend your days 600 feet below the surface, where temperatures range between 55 and 60 degrees year-round, you might not notice that the biosphere...

Tags: tax carbon survive miners

 

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