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Browsing the "ETS" Tag

China, Beneficiary of EU’s Cap & Trade, Now Shirks its Responsibilities

January 16th, 2012 | by Susan Kraemer

As of of January 1st, 2012, China's renewable energy projects will no longer be eligible for funding from the EU cap and trade market, through the Clean Development Mechanism (CDM) that allows polluters in the EU to offset carbon emissions at home by building clean energy abroad. So in December China rushed through 139 CDM-eligible projects in a last-ditch effort to gain the last of the funding for clean energy development before the cut-off date. Under the European Trading System (ETS) cap and trade system, polluting plants have to pay for every ton of greenhouse gases they send into the air, and have to reduce the amount every year. If they can’t reduce their emissions enough, they have to buy credits instead, with the funds going to develop clean energy in developing nations

EU Will Tighten Cap to Fix Carbon Price Collapse

December 22nd, 2011 | by Susan Kraemer

The EU now has ten times the solar power of the US, twice the wind, and it dominates the global offshore wind industry. As a result, and as a mark of the ease in meeting its Kyoto goal and already lowering its carbon emissions 8% below 1990 levels for its first deadline, the price on carbon has plummeted

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