The second phase of carbon trading is coming under way for the period 2008-2012 introducing tougher allocations of carbon credit: most countries will be given 10% less credits than in the first phase of the ETS.
This is a relief since the over-allocation in the first phase, but countries and companies alike are already complaining.
The Czech [...]
The price of carbon has once again hit a new low, closing today at just €0.16 - the lowest since the introduction of Carbon Trading began.
Will it continue to fall, could it reach zero? Only time will tell.
Technorati Tags: carbon, Carbon Trading
Several leading academic economists, writing in the Review of Environmental Economics and Policy Journal, have praised the European Emissions Trading Scheme, according to the FT.
“The economists, including Denny Ellerman of MIT, Barbara Buchner of the Fondazione Eni Enrico Mattei, Frank Convery, Joseph Kruger and William Pizer, said the European Union scheme should form the [...]
Britain’s Channel 4 TV last night broadcast a news report on the business of carbon emissions trading. It provides a good introduction to the subject, including interviews with traders and environmental economists. You can watch it again here.
Technorati Tags: carbon emissions trading
The US Energy Information Administration (EIA) has predicted that global carbon dioxide emissions will rise by 60% between 2004 and 2030.
“In its annual International Energy Outlook, the US Energy Information Administration predicts oil consumption will grow by 42 per cent, natural gas consumption by 65 per cent, and coal consumption by 74 per cent.
As [...]
