Aviation CO2 inevitable: EU approves carbon auctions: Europe sets 2013 carbon cap: Cuts forecast 30 precent: Carbon price falls: Tata wind farm set up: Carbon market maturing – World Bank: UN eyes 100bn dollars help
Aviation CO2 Inevitable, UK Government Must Cut CO2 Elsewhere Report
The UK government should accept that international aviation is likely to become a "legacy" carbon user in the short term, as there’s currently a lack of viable alternatives to carbon-based aviation fuels, and focus instead on making emissions cuts elsewhere, the U.K. Institution of Civil Engineers said in a report. Source: NASDAQ
European Union’s Nations Approve Rules for Carbon Auctions After 2012
European Union member states unanimously approved rules for auctioning most of their carbon permits after 2012, when the next phase of trading begins in the world’s largest emissions market. Source: Bloomberg
EU sets 2013 industry CO2 cap at 1.927 bln tonnes
Greenhouse gas emissions from heavy industry currently regulated under the European Union’s Emissions Trading Scheme will be capped at 1,926,876,368 tonnes of carbon dioxide in 2013, the EU Commission said on Friday. Source: Reuters
Europe must up CO2 cuts to 30 percent: EU’s big three
Germany, France and Britain on Thursday jointly called for the European Union to deepen its planned reductions in greenhouse-gas emissions from 20 to 30 percent by 2020. Source: Expatica France
EU carbon price falls through €14 a tonne
The price of European carbon futures fell through the €14 mark for the first time in three months yesterday as the market continued to suffer from bearish sentiment. Source: Business Green
Tata Power Says Wind Farm First to Win Carbon Credit Approval
Tata Power Co.’s wind farm in western India has become the company’s first project to win eligibility from the United Nations to earn carbon credits. Source: Bloomberg Businessweek
World Bank, IDB say carbon market is maturing
The world’s carbon credit market is maturing after being hit hard by the global financial crisis and will outlive the Kyoto Protocol that ends in 2012, World Bank and Inter-American Development Bank officials said. Source: Reuters
UN eyes private help in USD 100bn climate aid
A pledge by rich nations in Copenhagen to provide as much as USD 100 bn a year of climate-related aid to developing countries by 2020 may depend in part on the generosity of private donors and other non-governmental sources. Source: thestar online
Valere Tjolle
