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Obamas Climate Call May Hasten EU Carbon Fix, IETA Chief Says
2013-02-15 10:33:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: President Barack Obamas call for Congress to act on climate change may embolden European Union policy makers to fix the blocs ailing carbon market, said the president of the International Emissions Trading Association. A proposal for stricter emissions rules in northeast America may also provide the impetus for EU nations to tackle the oversupply of carbon allowances in the worlds biggest cap- and-trade market, Dirk Forrister, president of the Geneva-based lobby group, said yesterday. EU...
Carbon markets: Extremely Troubled Scheme
2013-02-15 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Economist: ON FEBRUARY 19th Europes emissions-trading system (ETS) faces a potentially fatal vote. It could not only determine whether the worlds biggest carbon-trading market survives but delay the emergence of a worldwide market, damage Europes environmental policies across the board and affect the prospects for a future treaty to limit greenhouse-gas emissions. Quite a lot for a decision which--as is the way of things European--sounds numbingly technical. The vote is due to take place in the environment...
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N. American Carbon Markets to More Than Double This Year
2013-02-15 02:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Environmental Leader: This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt. Strong demand for California carbon allowances (CCAs), driven by hedging by power suppliers, should push the Californian market as a whole to $2.3bn this year. At state auctions Thomson Reuters Point Carbon predicts CCA prices...
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Boxer pushes carbon tax to ease global warming
2013-02-15 00:17:00| Climate Ark Climate Change & Global Warming Newsfeed
USA Today: Sen. Barbara Boxer on Thursday put her political muscle behind a bill that would tax carbon and methane emissions linked to global warming and use the money for consumer rebates and to finance a raft of new clean-energy projects. The California Democrat, who heads the Senate Environment and Public Works Committee, is co-sponsoring legislation written by a fellow panel member, Sen. Bernie Sanders, I-Vt. The bill faces little to no chance of passing and is sure to face fierce opposition from...
Senators propose long-shot carbon tax bill for big polluters
2013-02-14 19:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of the most liberal senators on Thursday proposed a bill to tax carbon emissions, raising up to $1.2 trillion in revenue over 10 years that would largely be returned consumers. Independent Bernie Sanders of Vermont and Barbara Boxer, a Democrat from California, attempted to seize on the momentum from Tuesday's State of the Union speech when President Barack Obama expressed support for efforts to battle climate change. "We have the opportunity right now, with the president's commitment in...
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