The industrial emissions quotas are being reduced by 10% compared with what governments had initially wanted for the phase 2008-2012, according to Reuters. European member states are threatening to appeal to the decision.
The EC assures that the decision is key to reach the targets for reduction of greenhouse gases and to strengthen the European Trading [...]

MEPs in the European Parliament Environment Committee (ENVI) voted this Tuesday to include European airlines and all flights to the EU in the emissions trading system (ETS) by 2010. By this they are speeding up the EC’s proposal to include flights within the EU by 2011 and flights to-and-from the EU by 2012, thus combining [...]

Getting even closer to zero, the price of Carbon has fallen to a mere €0.04 per tonne, meaning a single Euro gets you 25 tonnes of CO2.
Technorati Tags: price, Carbon, CO2

The FT reported yesterday that carbon credits trading appeared to be one of only three hedge-fund strategies which allowed hedge funds to survive the recent financial markets turmoil. The other two strategies were apparently freight and property derivatives. Two-thirds of all hedge funds have lost money, mainly because they need to reduce [...]

Market analysts, Point Carbon, have issued a press release (PDF) predicting EUA prices to rise above 20 euros/tonne level, as carbon-emitting firms increasingly seek permits.
(Hat tip: Joz Cozijnsen at New Values Community)
Technorati Tags: EUA prices, carbon-emitting