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UPDATE 1-Japan's Toray targets cheaper carbon fiber market in $584 mln Zoltek buy

2013-09-27 09:16:22| Chemicals - Topix.net

Japan's Toray Industries Inc, maker of advanced fibers used in Boeing Co's 787 Dreamliner jet, will buy U.S.-based Zoltek Companies Inc in a move to tap into the lower end of the growing global market for carbon fibers.

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Carbon Permits Rise on Chinas First Market to Exceed EU Price

2013-08-21 10:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Carbon permits rose on the Shenzhen Emissions Exchange, the first of seven trial markets in China, to a price exceeding those in Europe, according to Bloomberg New Energy Finance. Shenzhen carbon allowances for 2013 increased to 43 yuan ($7) a metric ton yesterday, up from 28 to 32 yuan a ton on June 18, the first day of trading, said Charlie Cao, a Beijing-based analyst for New Energy Finance. Those trades show that at least some companies are increasingly serious about carbon trading, he said....

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EU carbon market to cancel out 700m tonnes of CO2 cuts

2013-06-28 10:43:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: The EU carbon market could cancel out 700m tonnes of greenhouse gas reductions if ambitious reforms are not made, the campaign group Sandbag has claimed. A new report published by Sandbag claims CO2 cuts from other EU policies after 2020 as roll-over surpluses further weaken the effectiveness of the EUs flagship climate tool. The recession reduced demand for carbon credits while the absence of stricter EU climate targets meant supply remained too high. MEPs will vote on a plan to reduce...

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China to launch carbon market trading scheme

2013-06-18 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed

CCTV: China is set to launch its first carbon trading scheme Tuesday in the southern city of Shenzhen. Its one of seven pilot cities for emissions trading before a national rollout. In the spot light, but compared with Shenzhen government officials, the citys ambitious carbon city blueprint is attracting more attention. The plans were unveiled at a forum in Longgang, 50 kilometers away from downtown Shenzhen. This is what the city envisions for the future. Its the miniature, and could be the start...

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EU Should Move Beyond Carbon Market to Shut Coal, IEA Says

2013-06-11 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The European Union needs to think of other ways to prevent new coal-fired power stations from being built because its carbon market wont achieve that this decade, according to the International Energy Agency. Nations should consider measures including bans of new and inefficient plants known as sub-critical, unless they are fitted with carbon capture and storage technology, Maria Van der Hoeven, the executive director of the Paris-based agency that advises 28 developed nations, said today in...

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