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Dispute over emissions trading
EU Climate Commissioner Connie Hedegaard would like to make CO2 allowances scarcer and thus more expensive. But why are pollution rights so cheap to purchase? The EU emissions trading scheme has been...
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California defends use of offsets in CO2 market
California’s air regulator this week defended its decision to allow emitters to use offset credits in the state’s forthcoming emissions trading system, refuting claims made in a lawsuit by two green...
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Cap-and-trade system must be done right
It won’t be on the ballot, but California’s cap-and-trade system for carbon emissions is the other big story in November. That’s the month when the state will launch the world’s second-largest...
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Numbers offer more proof Carbon Trust should be shuttered
In his letter to the minister of finance, Chris Trumpy, the chairman of the board of the Pacific Carbon Trust, paints a rosy picture of a well-run Crown corporation that is fiscally solvent and...
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NER 300: Prize fund for carbon capture projects shrinks by £800m
Michael Liebreich, at Bloomberg New Energy Finance blames eurozone crisis for decline in the value of NER 300 The future of carbon capture and storage in Europe has been thrown into doubt after £800m...
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UK: Coalition ‘united on carbon cuts’
Deputy Prime Minister Nick Clegg has dismissed claims of rifts within the coalition Government over its commitment to cutting carbon emissions, as he unveiled a £100 million investment in energy...
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Andrew Bolt: Billions of your dollars, shipped to foreign green schemes
Julia Gillard’s plan is to send up to $3.5 billion a year overseas by 2020 to simply buy carbon offsets from foreigners instead of making cuts at home. In fact, of her 160 million tonnes a year target...
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Aus: Labor plan to replace carbon floor price
The federal government is considering scrapping the $15 minimum price on carbon after 2015 and restricting access to much cheaper international carbon credits. The change could overcome the...
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Profits on Carbon Credits Drive Output of a Harmful Gas
“When the United Nations wanted to help slow climate change, it established what seemed a sensible system.“ Sensible to whom, one might wonder. They are talking about a scam far worse than Montreal,...
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Poland, Other Countries To Veto ETS Reforms, Says Minister
Poland will stand firm against reform of the EU Emissions Trading System (ETS), the country’s environment minister has said, and he is confident other countries will back Poland’s position in the...
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John Seiler: Companies will exploit Cap and Trade
Anti-capitalists always complain that entrepreneurs exploit loopholes in all those nice laws liberals and progressives pass to help the environment, the baby seals, the rain forests, etc. You can bet...
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Plan to link carbon price permits to Europe
“The Gillard government plans to link its carbon price scheme to Europe’s emissions trading scheme from 2015 while limiting Australian use of low-cost permits generated in developing countries.“ There...
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Creditors line up as recycled CER seller goes bust
Total Global Steel has been forced into liquidation by creditors after a UK court ruled in May that the London-based trading house must pay Deutsche Bank 4.2 million euros ($5.1 million) in damages for...
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California Cities: Calling Trees “Urban Forests” to Extract New Taxes
News from California that city governments are preparing to use the state’s cap-and-trade greenhouse gas emissions reduction law, passed in 2006, to raise revenue – for doing what they’ve been doing...
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Water Trumping Carbon Spreads $17 Billion Market
Desalination equipment orders are forecast to triple over five years to become a $17 billion business, driven by breakthroughs in energy savings and demand by cities and industry. Investment in...
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Terry McCrann: Linking collective carbon insanities
THE symbolism couldn’t be more deliciously appropriate: we are linking the collective insanity of our carbon tax to the collective insanity of Europe’s. It was made even more deliciously appropriate by...
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Aus: Carbon changes will hit budget surplus
AUSTRALIA’S carbon price will be set by the volatile European market from 2015 under changes announced by the Gillard government that could hit the budget bottom line and cut incentives for switching...
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Aus: Combet’s cut-price carbon caper blows $25 billion budget black hole
<chuckle> That tax that “wasn’t about revenue”? Abandoning the “floor price” just ripped another hole in the Green/Left government’s budget. THE carbon floor price is dead, but it certainly...
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Designers Set Sail, Turning to Wind to Help Power Cargo Ships
“If the world’s shipping fleet were a country, it would be the world’s sixth leading emitter of greenhouse gases. To reduce those emissions — and, not incidentally, to conserve expensive fossil fuels —...
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Aus: Fear wind energy might be losing its puff
WINDFARMS have vowed to fight a rearguard action against changes to the renewable energy target as a potential plummet in the carbon price to $12 a tonne in 2015 raises new fears that the renewable...
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