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Tag: carbon
Australia coal-fired generation will replace gas in absence of carbon pricing: report
2013-03-07 01:00:00| Power Technology
Energy and carbon advisory firm RepuTex predicts that natural gas-fired generation in Australia will fall by more than 60% if the government's carbon price mechanism (CPM) was removed from the market, and Australian gas prices continue to rise.
Tags: report
australia
generation
gas
Near-record jump in carbon concentrations in global atmosphere last year
2013-03-06 19:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Carbon dioxide now makes up around 395 parts per million in the atmosphere, according to new data from the National Oceanic Atmospheric Administration (NOAA). Measuring atmospheric carbon in Mauna Loa, Hawaii, the NOAA notes that last year saw a jump of 2.67 parts per million, second only to a record jump in carbon concentrations in 1998-2.93 parts per million. The news further dampens hopes that nations will stick to their goal of keeping global temperatures from rising more than 2 degrees Celsius...
Report: EU must retire carbon credits or see market credibility lost
2013-03-06 06:36:51| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The European Union's plans for reform its emissions trading scheme (ETS) will fail to deliver the desired increase in carbon prices unless they are accompanied by more drastic action. That is the stark warning contained in a new report released today by the London School of Economics (LSE) Grantham Research Institute on Climate Change and the Environment, which warns proposals to withhold the sale of carbon allowances will only defer the problems created by an over-supply of tradable EU allowances...
Tags: report
market
lost
credits
China Backing Away From Carbon Tax Start in 2013, Official Says
2013-03-06 02:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: China will wait until after this year to introduce a tax on carbon, deferring to concern that economic growth might suffer, a government researcher said. The nation eventually expects to introduce a levy of 5 yuan to 10 yuan (80 cents to $1.61) per ton of carbon, Jia Kang, head of research at the Ministry of Finance, said in Beijing yesterday. The tax, proposed in Chinas latest five-year plan, was intended to apply to carbon emissions from fossil fuels, KPMG International said in a May 2011 report....
Tags: start
china
official
says
S. Korea to Meet Emitters Before Start of Carbon Trading in 2015
2013-03-05 02:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: South Koreas government plans to meet in May with the nations biggest emitters to provide information about the start of cap and trade in 2015. The government plans to select an exchange for greenhouse- gas emissions in the second half of this year and decide how to allocate free allowances to an estimated 480 emitters by June 2014, Lee Hyung Sup, a deputy-director at the Ministry of Environment, said in a phone interview yesterday in Seoul. Trials for carbon trading are set to start in June...
Tags: start
meet
korea
trading
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