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Tag: carbon market
China Hubei carbon market reports 100 pct compliance rate
2015-08-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Economic Times: Hubei province, China's second largest carbon market, reported a 100 percent compliance rate in its first trading year, thanks to a decision by the local authority to postpone the deadline by which firms had to surrender their permits. All 138 companies obligated to cut their CO2 emissions under the Hubei scheme had complied in full by this week, the official local newspaper Hubei Daily reported. The deadline was originally set for May 30, but was postponed to July 10 as regulators dealt with...
Tags: rate
china
market
reports
EU politicians back carbon market 2019 reform start
2015-07-08 16:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The European Parliament on Wednesday approved a proposal to begin reform of the world's biggest carbon market in 2019, clearing the last major hurdle before the plan can become law. EU carbon allowances at around 7.50 euros per metric ton were little changed after the vote, which had been largely expected. Discussions have dragged on for months over the proposal to begin operating a Market Stability Reserve (MSR) to remove some of the surplus of carbon allowances that has depressed prices on the...
Tags: back
start
market
reform
China's national carbon market: When, where and how?
2015-06-04 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Barcelona has seen more raucous partygoers, but the sharp suits drinking in the beachfront Carpe Diem bar last week were in bullish form. Wine, beer and champagne flowed as carbon traders from around the world gathered on the final night of industry fair Carbon Expo to toast what many think could be their finest hour. Many of their colleagues have fallen in the past few years, brought low by the twin woes of the EUs emissions trading scheme and the UNs Clean Development Mechanism. Both...
Tags: how
national
market
carbon
China readies national carbon market fight climate change
2015-05-24 07:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: At first, the numbers and company names flashing on a big board in Beijing's financial district suggest a booming market. A closer look indicates otherwise: The scrolling list rotates the same dozen or so trades, all from last year. The lights from the Beijing Environment Exchange -- one of seven pilot markets in China for trading carbon -- raises questions for the country as it prepares for next year's roll-out of a nationwide system that could help the world's biggest emitter of heat-trapping...
Tags: change
national
china
market
Mild 2014 Seen Cutting EU Carbon Market Emissions Record
2015-04-01 15:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Carbon dioxide emissions in the European Unions cap-and-trade program, the worlds largest, probably fell to a record last year as warmer-than-average weather curbed demand for gas and power. Emissions from companies covered by the program dropped 5.8 percent to 1.798 billion metric tons in 2014, according to the median forecast of six analysts surveyed by Bloomberg before the EU makes the data public on Wednesday. That would be the lowest level since the blocs carbon market started in 2005,...
Tags: market
record
cutting
carbon
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