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Carbon Market Headlines
Tuesday, 06 Feb, 2010
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Garuda agrees carbon emissions with IATA, EU carbon markets jump, low carbon projects get investors even after Climategate
Garuda, IATA sign MoU on carbon emission cuts
The Jakarta Post Feb 3 2010 www.thejakartapost.com/news/2010/02/03/garuda-iata-sign-mou-carbon-emission-cuts.html
Indonesian flag carrier Garuda Indonesia signed Tuesday an MoU on reducing carbon emissions in the aviation sector with the International Air Transport Association
Irish Bid for Credits to Offset Emissions
Irish Times Feb 5 2010 www.irishtimes.com/newspaper/innovation/2010/0205/1224263702243.html
A voluntary Irish carbon offset market is being developed to assist firms based here to lower their emissions.
EU Carbon Permits Jump After U.K. Gets Record Bids at Auction
Business Week Feb 5 2010 www.businessweek.com/news/2010-02-04/eu-carbon-permits-jump-after-u-k-gets-record-bids-at-auction.html
European Union carbon-dioxide permits jumped 3.6% after the U.K. received bids for a record 30.5 million metric tons at its auction today.
‘Climategate’ and ‘glaciergate’ not putting off low carbon business invesment
Greenwise Feb 5 2010www.greenwisebusiness.co.uk/news/climategate-and-glaciergate-not-putting-off-low-carbon-business-invesment-1126.aspx
The British Chambers of Commerce said that it has seen no evidence yet that the so-called ‘climategate’ and ‘glaciergate’ scandals are likely to dim UK companies’ appetite for investing in the low carbon economy.
Industrial Bank launches China’s first low-carbon credit card in Beijing
CCTV Feb 5 2010 www.cctv.com/english/special/news/20100204/104317.shtml
Industrial Bank and China Beijing Environment Exchange jointly launched a "low-carbon credit card" in Beijing.
Democratic Party support for Barack Obama ETS drops
The Australian Feb 5 2010 www.theaustralian.com.au/news/nation/democratic-party-support-for-barack-obama-ets-drops/story-e6frg6nf-1225826913033
US President Barack Obama is under intense pressure from leading members of his Democratic Party to scale back climate change legislation as their support for his proposed cap-and-trade scheme for carbon emissions ebbs away.
Australia urged to drop emissions trading scheme: UCL School of Energy
Australian Journal of Mining Feb 5 2010 www.theajmonline.com.au/mining_news/news/2010/jan-feb-print-edition/australia-urged-to-drop-emissions-trading-scheme-ucl-school-of-energy
One of Australia’s foremost energy academics has called on the Federal Government to immediately introduce a carbon tax and drop any move to an emissions trading scheme
Government admits Britain will fail to meet 2010 carbon emission target
Times Online Feb 4 2010www.timesonline.co.uk/tol/news/environment/article7013460.ece
Britain will fail to meet its 2010 target for cutting carbon dioxide emissions, the Government admitted yesterday. The target of a 20% cut in 1990 levels of CO2 by the end of this year is likely to be missed by a wide margin.
Phishing attack nets 3 million euros of carbon permits
BBC News Feb 4 2010news.bbc.co.uk/1/hi/technology/8497129.stm
The international carbon market has been hit by a phishing attack which saw an estimated 250,000 permits worth over EUR 3m (USD 4.2m) stolen this week.
Spain sees emissions to 2012 breaching Kyoto limit
Reuters UK Feb 4 2010 uk.reuters.com/article/idUKTRE6123I520100203
Spain predicted that its greenhouse gas emissions in the 2008-12 period will be almost 20% above the upper limit it was set in 1990 under the Kyoto Protocol.
IEA says U.S. must adopt carbon pricing system
Reuters Feb 4 2010 www.reuters.com/article/idUSTRE61244B20100203
The United States must adopt a carbon pricing system, like the one President Barack Obama has submitted to Congress, if it hopes to meet its U.N. commitments on greenhouse gas emissions, the International Energy Agency’s head said on Wednesday.
Sen. Graham Slams Push for a ‘Half-Assed Energy Bill’
The New York Times Feb 4 2010www.nytimes.com/gwire/2010/02/03/03greenwire-sen-graham-slams-push-for-a-half-assed-energy-54765.html
A key Senate Republican came out swinging today against the idea of passing just an energy bill and ignoring President Obama’s call to also cap greenhouse gas emissions.
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