EU Parliament Approves Backloading Fix To Cap And Trade Market
The European Union Parliament today approved a “backloading” measure designed to reduce the glut of carbon allowances and boost system prices.
EU ETS
Will Europe Heed To Calls For 100% Renewable Energy Target For 2050?
European legislators have been urged to set a 100% renewable energy target for 2050 by the Global Alliance for 100% Renewable Energy. The Alliance, launched in Europe recently, criticised the EU legislators for not setting aggressive long-term renewable energy targets. Alliance members, which include World Future Council, the Fraunhofer Institute for … [continued]
Merkel Promises To Cut Renewable Energy Subsidies Post-election
If Chancellor Angela Merkel comes to power after elections in September, Germany may become the latest European country to curb support for renewable energy infrastructure. Amidst the poor economic environment in Europe, a number of countries have pulled back support for the renewable energy sector by either reducing subsidies or … [continued]
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.
California’s Third Cap And Trade Auction Sells Out, At Record Price
California’s third cap and trade carbon allowance auction was held last week, and businesses snapped up all available 2013 permits, setting a record price level in the process. In addition to the 2013 permits, over three-quarters of advance allowances for 2016 were sold to businesses.
South Korea May Launch World’s Most Ambitious Cap And Trade Market
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.
‘Global’ Carbon Market Goes Truly Global
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]
How Dirty Industries in EU Nations Created China's 21st Century Clean Energy Boom
As California moves to implement cap and trade to reduce harmful greenhouse gases, the UC Berkeley Center for Law, Energy and the Environment has published a new study designed to help lawmakers in California fine-tune the legislation. [social_buttons] As with the studies by the German Marshall Fund with its Ten … [continued]
Reuters: Cap and Trade Worked in EU
It’s official. The EU trading system got carbon emissions down. It’s one thing when renewable energy writers on blogs like this say cap and trade has transformed Europe. [social_buttons] We regularly cover the huge wind and solar industries created there – the results of Europe’s early adoption of the Kyoto … [continued]
