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.
North America’s carbon markets just completed the first international cap-and-trade system linkage and raised $500 million for clean energy investment.
The California and Northeast U.S. carbon markets just invested $400 million in cap-and-trade revenue in clean energy, efficiency, and emissions reductions.
President Obama’s pending power plant emissions rules are getting all the attention, but China may have just made an even bigger carbon market policy move.
Originally published on ThinkProgress. By Ari Phillips. On Thursday China began trading in Guangdong’s carbon permit market, which is expected to be the world’s second-largest market after the European Union in terms of carbon dioxide emissions covered. It is far larger than either the Australian or Californian emissions trading schemes. The Chinese … [continued]
Markets reduce greenhouse gas emissions nearly 17 times cheaper than paying power generators renewable energy subsidies, according to new analysis of 15 nations by the Organization for Economic Cooperation and Development.
RGGI’s latest cap-and-trade auction completely sold out of carbon allowances, but at a relatively low price. With carbon markets in “trouble” across the world, is it time to reconsider the definition of success?
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.
Reposted from Medium: Until 2012, Europe was central to the global carbon market; heck, it was the only “real” market. Carbon offset project developers invested billions to earn Certified Emission Reductions (CERs) under the Clean Development Mechanism (CDM) and sold them to European companies and traders participating in the European … [continued]
Capitalism isn’t broken, per se. The challenge is that no country is actually using it correctly. The basic premise of capitalism is that the price of a good or service reflects basic market forces — supply & demand. But what if the price doesn’t accurately measure the true cost? If … [continued]
Peak oil demand means lowering oil prices per barrel. In a world that needs to decarbonize hydrogen, Alberta’s product will be too expensive to refine.