emissions trading scheme News

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Australia`s Emissions Trading Scheme Sets No Cap, No Date

by Environment News Service (ENS)  (Jul. 18, 2007)

MELBOURNE, Australia, July 17, 2007 (ENS) - The Australian government will begin work on a greenhouse gas emissions trading scheme with analysis of a long-term goal for emissions reduction, Prime Minister John Howard announced today. The government's A$637 million plan sets no cap on emissions nor does it set a date for when the trading of ...

EU to connect emissions trading with California scheme

by BusinessGreen  (Apr. 7, 2011)

Connie Hedegaard has confirmed Europe will look to tie its emissions trading scheme (EU ETS) to California's when the state launches what will be the second largest carbon market in the world next year. The climate action commissioner has been in the US this week where she met California governor Jerry Brown and Californian Air Resources Board ...

South Korea mulls delay to emissions trading scheme

by BusinessGreen  (Feb. 7, 2011)

South Korea could delay the introduction of its proposed emissions cap-and-trade scheme by up to two years, after a senior government official would only confirm that the scheme will start between 2013 and 2015. Under earlier proposals the scheme would have started in 2013, but in an ...

New Zealand passes revised emissions trading scheme by narrow margin

by BusinessGreen  (Nov. 26, 2009)

New Zealand has passed into law a revised emissions trading scheme that critics say is too lenient on polluters and will shift much of the financial burden of compliance on to taxpayers. The legislation was passed by a narrow margin in Parliament yesterday in a 63-58 vote led by the governing minority National Party, with support ...

EU Emissions Trading Scheme to Include Air Transport

by Environment News Service (ENS)  (Dec. 21, 2006)

BRUSSELS, Belgium (ENS) - The European Commission today proposed legislation to bring greenhouse gas emissions from civil aviation into the EU Emissions Trading Scheme. The proposed directive will cover emissions from flights within the EU from 2011 and all flights to and from EU airports from 2012. Both EU and foreign aircraft operators would be ...

EU emission trading system suffers serious setback

by GLOBE Foundation  (Apr. 18, 2013)

The European Union's flagship Emissions Trading System was dealt a serious blow this week when the European Parliament rejected a short term plan to boost the price of carbon by reducing the number of permits available to key industry sectors. The short term plan would have introduced involved "backloading" of permits by member states to their ...

EU emissions trading system delivers valuable lessons

by GLOBE Foundation  (May 15, 2008)

The Pew Center on Global Climate Change has released a new report examining the European Union’s Emissions Trading Scheme (EU ETS) that offers a realistic assessment of the system’s initial objectives and outcomes. The report, "The European Union’s Emissions Trading System in Perspective," by A. Denny Ellerman and Paul L. Joskow ...

Japan carbon trading scheme faces fresh doubts

by BusinessGreen  (Dec. 22, 2010)

Japan's government yesterday further delayed a decision on whether to forge ahead with the creation of a greenhouse gas emissions trading system or postpone the launch of the scheme until after fiscal 2013, according to Reuters reports. In a proposal last week, the ruling Democratic Party said the government should "carefully study" the impact of ...

Emissions trading banking on the December 2009 Global climate Deal in Copenhagen, finds Frost & Sullivan

by Frost & Sullivan  (Oct. 30, 2009)

The outcome of the December 2009 Copenhagen Climate Conference will largely dictate the success of the emerging but potentially lucrative global carbon market.  Governments worldwide are actively pursuing initiatives to reduce greenhouse gas (GHG) emissions.  The EU, for instance, wants to lower GHG emissions by 20 percent over 1990 levels by ...

Australia to join EU`s emissions trading system

by GLOBE Foundation  (Aug. 28, 2012)

Australia will scrap its planned floor price for carbon emissions and will link directly with the European Union's emissions trading system by 2018, Climate Change Minister Greg Combet said ...

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