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Carbon Market News: This Week
Wednesday, 11 Jun, 2010
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German APD: Airlines need govt help: China fights EU-ETS for airlines: government takes unnecessary flights: CO2 in NZ move: Senate rejects Republican anti-carbon cap move: World heading for 3 degrees: cut fossil fuel subsidies move: EU moves to control biofuels
Germany’s planned flight-departure tax, aimed at raising 1 billion euros (USD 1.2bn) a year for the government, will hamper European airlines’ efforts to revive profit, the International Air Transport Association said. Source: Business Week
The international airline industry has called on governments to work together in making aviation a more environmentally friendly industry by setting a target of improving fuel efficiency by 1.5% per year starting this year. Source: The Jakarta Post
China has joined the US in slating proposals by the European Union to include international airlines in its carbon emissions trading scheme. The Asian country`s Civil Aviation Industry fears that charging airlines for the CO2 emissions they produce will impact on emerging economies. Source: Official Wire
Government officials are taking hundreds of thousands of flights every year to destinations that could be reached by train, while telling the public to cut down on air travel, according to a new report. Source: Telegraph
Environmental services company CO2 Group Ltd will expand its operations across the Tasman to take advantage of New Zealand’s emissions trading laws. Source: The Sydney Morning Herald
The Senate on Thursday defeated a Republican-led effort to prevent the Environmental Protection Agency from curbing greenhouse gases as lawmakers road-tested arguments for a future fight over climate change legislation. Source: New York Times
The world is careering towards three degrees Celsius (5.4 degrees Fahrenheit) of warming by 2100 despite headline-making promises to curb carbon emissions, a study released at UN talks here said on Thursday. Source: AFP
Phasing out fossil fuel subsidies should cut greenhouse gas emissions by 10 percent from levels they would otherwise reach in 2050, the OECD said Wednesday. Source: AFP
The European Commission will seek to salvage its beleaguered biofuels policy on Thursday by announcing a quality-certification process for biodiesel and ethanol and clarifying limits on fuels from sensitive areas like forests and partly drained peat lands. Source: The New York Times
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