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

Danish statistician and environmentalist-sceptic, Bjorn Lomborg, has just published a new book, “Cool It - The Skeptical Environmentalist’s Guide to Global Warming” (Knopf, 2007). From the book’s blurb:
“Bjorn Lomborg argues that many of the elaborate and expensive actions now being considered to stop global warming will cost hundreds of billions of dollars, are [...]

The FT reports how carbon traders and green groups announce fears that the proposal to include woodland within the EU’s Emissions Trading Scheme could pose a threat to the market.
“Under the proposed plan, forests and other land would be credited as stores of carbon, allowing landowners to sell the resulting permits on to factories that [...]

Where previously scientists have predicted that there will be a rise of 6 degrees by 2100, they have failed to predict climate change over the next few years with very much confidence.
A team of British scientists have overcome some of the difficulties of accurately forecasting near-term global warming and have created some high-resolution models for [...]