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CARBON MARKET HEADLINES
Wednesday, 10 Jan, 2010
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Europe:
Top British firms drag their feet to reduce carbon footprints The Guardian Jan 7 2010 7:02AM UTC
Greenhouse gas targets set by many of Britain’s largest companies are too weak to meet UK commitments on climate change, a new analysis shows.
Boiler scrappage scheme will save as much carbon as taking 45,000 cars off the roads Bristol 24-7 Jan 7 2010 7:12AM UTC
Thousands of households can now apply for £400 off the price of a new A-rated boiler or renewable heating system such as a biomass boiler or a heat pump after the Government yesterday launched its long-awaited boiler scrappage scheme.
Sarkozy wants French carbon tax to start in July AFP Jan 6 2010 6:22AM UTC
The French government decided Tuesday that a new carbon tax to fight global warming will go into force in July, a week after the constitutional court struck down a previous version of the measure.
Food labels to show ‘carbon footprint’ under Government plans Telegraph Jan 6 2010 6:28AM UTC
Supermarket food will be clearly labelled to show its carbon footprint as well as country of origin and animal welfare standards as part of efforts to transform the British diet.
EU carbon sheds early gains as selling resumes Reuters UK Jan 6 2010 6:30AM UTC
European carbon emissions futures reversed earlier gains on Tuesday, as operators started to sell off excess permits even though a cold weather snap was driving up energy demand, traders said.
International Markets:
U.S. backs Costa Rican carbon neutrality plan with USD 100,000 grant Daily News Jan 7 2010 7:05AM UTC
Costa Rica’s carbon neutrality goal received a stamp of approval from the United States government on Wednesday, when embassy officials announced the opening of an energy efficiency center in the Central Valley.
Indonesia says forest plan can meet emission target Reuters India Jan 7 2010 7:11AM UTC
An ambitious Indonesian plan to plant millions of hectares of forest should allow the country to exceed its target of cutting greenhouse gas emissions by more than a quarter by 2020, the forestry minister said on Wednesday.
World Bank to lend more for low-carbon energy growth in India Business Standard Jan 7 2010 7:07AM UTC
To help India attain low energy-intensive growth, the World Bank aims to increase its lending to the country’s clean-power generation and energy-efficiency programmes.
Tokyo Area May Begin Emission Trading System Business Week Jan 7 2010 7:27AM UTC
Tokyo and surrounding prefectures are considering a joint emission trading system.
Australia helps REDD projects in Jambi The Jakarta Post Jan 6 2010 6:40AM UTC
Indonesia and Australia are set to launch the first-ever forest carbon project in Jambi following the adoption of Reducing Emissions from Deforestation and Forest Degradation scheme at the recent UN Climate Change Summit in Copenhagen.
North America market:
U.S. carbon market growth seen without climate bill Reuters Jan 7 2010 7:16AM UTC
Voluntary carbon markets in the United States will grow especially at the regional level even if a stalled federal climate bill fails to impose "cap and trade" on American industry, the chairman of the Chicago Climate Exchange (CCX) said.
Greens seek review of carbon offsets on U.S. lands Reuters Jan 7 2010 7:17AM UTC Conservationists urged Obama administration officials on Wednesday to move cautiously on the use of carbon offsets on public lands, saying the mechanisms may interfere with land managers charged with protecting forests and other lands.
Bingaman: Cap and Trade Bill Unlikely in 2010ABC News Jan 6 2010 6:51AM UTC
The chairman of the U.S. Senate Energy and Natural Resources Committee said that it’s unclear whether Congress will be able to pass cap and trade legislation aimed at reducing greenhouse gas emissions this year.
Secretive carbon startup brings Condoleezza Rice and USD 26m on board
Business Green Jan 6 2010 6:34AM UTC
A secretive US startup specialising in energy and emissions management has revealed that it has raised USD 26m in funding and put together a board dominated by influential political and business figures including former secretary of state Condoleezza
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