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?
California’s carbon prices fell in its fourth cap-and-trade auction on news the state may increase the amount of free allocations it provides in 2014.
But even though permit sales dropped 13% from May 2013’s record-setting auction, long-term indicators hint the state’s emissions reduction market could wind up stronger than ever.
California’s cap-and-trade market is serious business, with high stakes for the future of our planet – it’s no game. Except when it is.
Gamification is often used to simplify complex concepts and make them easily understood, and that’s just what the San Francisco Public Press has done with “Make Money, Save The Planet,” a theoretical cap-and-trade board game.
A new analysis of government data compiled by Green Energy Markets finds Australia on track to not only hit 22% renewables by 2020, but reach an unprecedented 51% of all electricity by 2050.
With roughly 18 months until launch, South Korea appears on the path to launch the world’s most ambitious cap and trade market, with the highest global price on carbon.
The government is still finalizing system design, set to launch in January 2015, but it could ultimately cover 70% of national emissions and reach $90 per ton of carbon.
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.
This article was originally published on RenewEconomy Emissions from Australia’s National Electricity Market (NEM) have fallen to 10 year lows, as demand continues to ease and the amount of coal reduction falls because of the growth of renewable energy, which has reached its highest levels since the 1980s. In its latest … [continued]
Consideration of carbon pricing and trading, a market-based (not regulation-based) approach to addressing global warming, may still be outlawed by GOP leadership in Congress, but countries around the world (and even several US states) keep moving forward with planned or existing carbon pricing and trading programs. Below is some … [continued]
