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Carbon Market News
Tuesday, 13 Feb, 2010
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Low carbon £12bn UK gain: Historic houses cut carbon 45%: EU vehicle strategy flawed: blended biofuel tax eased: climate conspiracy fears revealed
China’s fears of rich nation ‘climate conspiracy’ at Copenhagen revealed
Guardian Feb 12 2010 http://www.guardian.co.uk/environment/2010/feb/11/chinese-thinktank-copenhagen-document
Rich nations furthered their "conspiracy to divide the developing world" at December’s UN climate summit in Copenhagen, while Canada "connived" and the EU acted "to please the United States", according to an internal document from a Chinese government
Lobbyists for cap and trade face daunting task
Reuters Feb 12 2010 http://www.reuters.com/article/idUSTRE61A5JS20100211
The U.S. Senate’s stalled climate bill is getting a last big push from an unlikely ally — a group of energy companies who say a carbon market will help them get financing for the next generation of energy production.
Shift to low carbon could cut UK debt by GBP 12bn
Greenwise Feb 11 2010 http://www.greenwisebusiness.co.uk/news/shift-to-low-carbon-could-cut-uk-debt-by-12bn-1137.aspx
Major cuts in road expansion and abolishing tax allowances for high carbon industries are being proposed as ways to slash national debt by GBP 12bn over the next four years.
National Trust pledges 45% cut in carbon emissions
Yorkshire Evening Post Feb 11 2010 http://www.yorkshireeveningpost.co.uk/news/National-Trust-pledges-45-per.6060900.jp
Stately homes and historic buildings will be powered by "grow your own" green energy under plans announced by the National Trust today to halve its use of fossil fuels by 2020.
Industrialised nations’ carbon cut plans ‘are pathetic’
BBC News Feb 11 2010 http://news.bbc.co.uk/1/hi/sci/tech/8509025.stm
Industrialised nations have set "pathetic" targets to reduce carbon emissions, says one of India’s senior negotiators at the Copenhagen summit.
EU electric vehicle strategy flawed, say NGOs
Business Green Feb 10 2010 http://www.businessgreen.com/business-green/news/2257546/eu-electric-car-strategy-flawed
Current EU policy on car emissions is flawed because it offers no guarantee that more electric vehicles on Europe’s roads will lead to savings in carbon emissions over coming years, according to a report commissioned jointly by Friends of the Earth
U.K. Lawmakers Call for Intervention in Carbon Market
Bloomberg Feb 9 2010 http://www.businessweek.com/news/2010-02-08/u-k-lawmakers-call-for-stricter-co2-caps-market-intervention.html
Europe needs stricter limits on greenhouse gases and the power to intervene in carbon markets as its cap-and-trade program fails to encourage investments in cleaner energy, U.K. lawmakers said today in a report.
New federal office for global warming
Washington Times Feb 9 2010 http://www.washingtontimes.com/news/2010/feb/09/new-federal-office-would-study-global-warming/
Amid the growing fight over the accuracy of climate data, President Obama is seeking to have the federal government put its imprimatur on the science by calling for the creation of a new federal office to study and report on global warming.
Carbon tax on blended biofuels to be eased
The Post Feb 8 2010 http://www.sbpost.ie/news/ireland/carbon-tax-on-blended-biofuels-to-be-eased-47248.html
The Irish government is likely to amend its carbon tax legislation to ensure that the most commonly used biofuels do not face the tax, despite failing to tackle the issue in last week’s Finance Bill.
Obama may drop cap and trade to squeeze climate bill through congress
Business Green Feb 8 2010 http://www.businessgreen.com/business-green/news/2257380/obama-drops-cap-trade-squeeze
President Obama acknowledged this week that Congress may have to abandon carbon trading measures to force an energy bill through to his desk.
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