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SocGen cuts EU carbon price forecasts for 2013-2015 by 30 pct
2013-01-25 10:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Societe Generale cut its forecasts for average European Union carbon prices from 2013 to 2015 on Friday by around 30 percent, given falls to record lows this week, analysts said in a research note. The bank said it sees 2013 prices for EU Allowances averaging 6.5 euros, down from 9.3 euros forecast in a Reuters poll earlier this month. Prices in 2014 will average 7.5 euros, down from 10.9 euros and 2015 EUA prices will average 8.5 euros from 11.9 euros. On Thursday, benchmark 2013 EUA prices...
Tags: price
carbon
cuts
forecasts
EU carbon price crashes to record low
2013-01-24 18:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The European Union's flagship climate policy, its emissions trading scheme (ETS), saw the price of carbon crash to a record low on Thursday after a vote in Brussels against a proposal to support the struggling market. The price of a permit to emit a tonne of carbon dioxide fell 40% at one point to EUR2.81 today, far below its record high of EUR32, before recovering to more than EUR4 later in the day. The ETS, aimed at reducing emissions from Europe's entire energy and industrial sectors, has...
EU's carbon market suffers after parliamentary vote
2013-01-24 11:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: EU carbon prices briefly slid 40 percent to a record low after politicians opposed plans to support the market, raising concerns prices could hit zero and sending a warning to European governments to pull together in lowering carbon emissions. Prices in the EU's Emissions Trading Scheme (ETS) on Thursday dropped to 2.81 euros a metric ton (1.1023 ton) after a vote in the European Parliament's energy and industry committee opposing a scheme known as "backloading" to support prices by extracting...
Tags: market
vote
carbon
suffers
Airlines 'made billions in windfall profits' from EU carbon tax
2013-01-24 10:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Airlines made windfall profits of up to 1.2bn ($1.81bn) last year from a EU carbon tax they claimed would impose crippling costs on industry, according to a report into the measure's impact on the industry. The EU backed off on plans to charge airlines for their carbon pollution after ferocious opposition from American, Chinese, Russian and other airlines, which argued the charge would cost the industry billions. Congress passed a law last November shielding US carriers from paying the tax....
Obama won't propose carbon tax
2013-01-24 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Washington Times: White House spokesman Jay Carney on Wednesday confirmed that Mr. Obama would pursue stricter carbon-pollution regulations through the Environmental Protection Agency, expanding rules on carbon-emitting plants so they cover existing power plants, as well as newly built ones. But Mr. Carney repeatedly refused to say whether Mr. Obama would expend any political capital to back climate-change legislation on Capitol Hill, even as environmentalists call on him to get behind new measures. "I can`t...
Tags: tax
propose
carbon
obama
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