carbon markets News

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The economic benefits of carbon storage in the Mediterranean Sea

by European Commission, Environment DG  (Jul. 23, 2015)

Carbon storage in the Mediterranean Sea could be worth up to €1722 million a year, a new study has found. The researchers performed a combined ecologicaleconomic assessment, finding that the sea takes up an estimated 17.8 million tonnes of CO2 every year, providing important climate change mitigation. Marine ecosystems are essential for ...

Preesall underground gas storage facility receives planning consent

by Department of Energy and Climate Change  (Jul. 17, 2015)

The Energy Minister Lord Bourne today granted planning consent for the Preesall Underground Gas Storage Facility project. The facility is proposed to be constructed on the east side of the Wyre Estuary at Preesall in Lancashire and will be used to store and extract gas from local underground salt caverns. The project may create up to 300 jobs ...

Establishing a Global Carbon Market

by World Business Council for Sustainable Development  (Dec. 5, 2007)

Carbon markets are increasingly a key feature in national climate policies. Their design and implementation reflect differing imperatives between developing and developed nations, raising questions about how they are developed and what it would take to link them together into a single global carbon market. Establishing a Global Carbon Market: A ...

Cleaning up the carbon market

by GLOBE Foundation  (Apr. 15, 2008)

This week the Kyoto Protocol’s clean development mechanism (CDM) has registered its 1000th project, an energy efficiency project in Andhra Pradesh, India, expected to reduce carbon dioxide emissions by more than 34,000 tonnes annually. While many are celebrating the start up success of multibillion-dollar CDM experiment designed to curb ...

State of the carbon market - 2008

by GLOBE Foundation  (May 7, 2008)

The global carbon market grew to a whopping US$64 billion (€47 billion) in 2007, more than doubling over 2006, according to a new report from the World Bank highlighting the state and trends of the global carbon market. The European Union Emission Trading Scheme (EU ETS) also saw a doubling of both value and number of allowances transacted to ...

A Possible Rebirth of the Carbon Market?

by The World Bank  (Oct. 21, 2013)

Many people have voiced pessimism over an international agreement to address climate change since the 2009 climate conference in Copenhagen fell short of expectations. The lack of a comprehensive, global effort to curb emissions; the failure by the United States to pass meaningful federal legislation, the continued recession in Europe; and, most ...

Carbon market crashes

by www.edie.net - Faversham House Ltd.  (May 3, 2006)

Untitled Document International carbon markets have experienced a major slump after several industrial strongholds in the EU reported better-than-expected environmental performance. ...

Westport to enter carbon market

by GLOBE Foundation  (Mar. 25, 2010)

Westport Innovations Inc. has announced a program to monetize the carbon emission reductions associated with Cummins Westport (CWI) and Westport HD natural gas engines. The program will be a joint initiative with that in collaboration with Grütter Consulting. The Westport Carbon Project (WCP) is in the process of being registered with the ...

DESMI’s Magnetically Powered Pumps Seal the Deal

by DESMI A/S  (Jul. 6, 2015)

The list of potentially dangerous or simply-too-expensive-to-lose substances being pumped from one part of an industrial process to another somewhere in the world is long. Take isocyanates, for example. They’re the raw materials that make up all polyurethane products. Despite their relatively low acute toxicities, isocyanates can present ...

World leaders meet in Addis in a bid to boost development finance

by United Nations Environment Programme (UNEP)  (Jul. 13, 2015)

Over 30 heads of state and government, more than 110 government ministers and over 1000 business and civil society representatives gathered in Addis Ababa for the opening of the Third International Conference on Financing for Development with calls to ensure the necessary resources to improve people's lives while protecting the planet The meeting ...

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