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No end in sight to EU carbon permit glut

2013-01-10 03:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: European Union emission permits are poised to drop to a record in the first half as member states in the world`s largest carbon market fail to diminish the biggest- ever glut. Allowances will fall below the record 5.93 euros ($7.50) a metric ton reached last month, according to eight analysts surveyed by Bloomberg News. That implies a decline of at least 8.3 per cent from yesterday`s closing price. The surplus may rise 18 per cent this year, according to Bloomberg New Energy Finance. The EU`s...

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EU Sells 3.5 Million EU Carbon Permits Below Market Price

2013-01-09 14:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The European Union sold 3.5 million prompt carbon emission permits at a lower price than bids on the open market, signaling lower demand for the allowances. The auction price was 6.35 euros ($8.33) a metric ton, according to data from European Energy Exchange AG, the EUs appointed auctioneer. Carbon permits eligible from 2013 through 2020 for delivery within two days were bid at 6.38 euros and offered at 6.46 euros a ton when the auction closed at 11 a.m. Berlin time, according to data from ICE...

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Zero carbon pizza delivery added to Domino's menu

2013-01-09 12:26:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: As green takeaways go, it will take some topping - yes, Domino's Pizza has added electric vehicles to its delivery fleet in Swindon. The branch has purchased two Renault Twizys, a compact two-seater quadricycle costing around 7,000 along with a 45 per month battery hire charge. The vehicles are exempt from road tax and offer a range of around 60 miles of driving on a three and a half hour charge. Bedecked in Domino's livery, the company said the cars have sliced running costs and contributed...

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New Experiments Yield Insights into State of Permafrost Carbon

2013-01-07 19:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: A team of U.S. researchers recently deployed a suite of technologies in the Arctic tundra that they say will provide a better understanding of the carbon contained in permafrost soils and how much is likely to be released as the planet warms. At an experimental plot near Barrow, Alaska, scientists are using several techniques, from ground-penetrating radar systems dragged on sleds to airborne instruments that measure micro-topography, to better understand how different layers of permafrost are interrelated...

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Major cuts to surging carbon dioxide emissions are needed now, not down the road, study finds

2013-01-07 18:31:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: Halting climate change will require "a fundamental and disruptive overhaul of the global energy system" to eradicate harmful carbon dioxide emissions, not just stabilize them, according to new findings by UC Irvine and other scientists. In a Jan. 9 paper in Environmental Research Letters, UC Irvine Earth system scientist Steve Davis and others take a fresh look at the popular "wedge" approach to tackling climate change outlined in a 2004 study by Princeton scientists Stephen Pacala and Robert...

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