Carbon Markets Link In $500 Million Clean Energy Investment
North America’s carbon markets just completed the first international cap-and-trade system linkage and raised $500 million for clean energy investment.
carbon allowances
World Bank Finds 60 Carbon Pricing Systems In Place Or In Development
A World Bank report finds more than 40 national and 20 sub-national government jurisdictions are either implementing or considering carbon pricing mechanisms.
Collectively these systems cover 10 gigatons of annual CO2 emissions – equal to roughly 20% of global emissions.
Why Europe’s Carbon Market Collapse Won’t Kill Cap And Trade
For carbon markets across the world it was the best of times, it was the worst of times. Plummeting European Union carbon prices following a key EU vote seem to demonstrate in the clearest terms that cap and trade is doomed to fail.
But declaring the death of carbon markets and cap and trade policy over Europe’s struggles is a knee-jerk reaction which overlooks significant developments for carbon trading around the world – ones which could ultimately rescue the EU and cement cap and trade as a global climate change solution.
RGGI Cap & Trade Program in U.S. to Tighten Caps
Success in lowering emissions in the RGGI states has resulted in talk of tightening the pollution limits to further reduce greenhouse gases. In January, six of the nine participating states – Massachusetts, Connecticut, Vermont, New York, Delaware and Rhode Island – announced they will permanently eliminate 72 percent of the … [continued]
