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Tag: carbon
Canada: Alberta mulls tougher carbon rules on oil -report
2013-04-04 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Alberta is considering a major increase in the carbon levy it charges oil producers as it seeks to show Washington that it is serious about meeting emission-reduction goals, while promoting the contentious Keystone XL pipeline to Texas refineries. Alberta Environment Minister Diana McQueen offered the levy proposal at a meeting in Calgary last week with oil executives and federal Environment Minister Peter Kent, the Globe and Mail newspaper said on Thursday. Such a move would be in line with...
Carbon in Worst Quarter Since 2011 Set for Rescue Vote
2013-04-03 15:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Europes emissions market is likely to be left all but broken should the regions parliament fail to agree next month on combating the surplus of carbon permits, after the biggest quarterly slide in prices since 2011. Allowances, which have plunged 28 percent this year to 4.81 euros ($6.20) a metric ton, will average 5 euros in 2013, according to the median forecast of five analysts surveyed by Bloomberg this week. Prices will probably drop below 2 euros if the European Union doesnt enact a November...
Global carbon market goes truly global
2013-04-03 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Medium: Until 2012, Europe was central to the global carbon market; heck, it was the only real market. Carbon offset project developers invested billions to earn Certified Emission Reductions (CERs) under the Clean Development Mechanism (CDM) and sold them to European companies and traders participating in the EU Emissions Trading Scheme (EU ETS). Projects had sprung up in almost all parts of the developing world. Countries otherwise isolated in the weird geopolitical arena, like North Korea and Iran,...
Tags: market
global
carbon
global market
Global forest-protection plan depends on carbon credits
2013-04-03 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: The forests of Kahuzi-Biega Park in the Democratic Republic of the Congo have been pillaged for timber, minerals and wild game. But thanks to an ambitious environmental proposal, their most valuable resource may be the carbon in the trees. The project, called REDD+ (Reducing Emissions from Deforestation and Forest Degradation in Developing Countries), has a clunky name but comes with promises of billions of dollars in funding and the hope that it can reduce both deforestation and climate change....
Tags: plan
global
credits
depends
EU capped carbon emissions fell 1.4 percent in 2012: data
2013-04-02 13:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Emissions from firms in the European Union's carbon market fell by 1.4 percent last year, preliminary like-for-like EU data showed on Tuesday, matching an average of analysts' forecasts. Around 10,000 installations out of a total of some 13,000 firms operating under the EU's Emissions Trading System (ETS), the EU's main tool to fight climate change, reported carbon dioxide emissions of 1.79 billion tonnes in 2012, the data showed. ETS emissions fell for a second consecutive year in 2012, suggesting...
Tags: data
percent
fell
carbon
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