February 12, 2009
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Air & Climate Newsletter February 12, 2009 |
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| This Week´s Featured News Stories |
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Obama green stimulus to cut US emissions by at least 61m tonnes
The proposed `Green New Deal` environmental measures proposed as part of President Obama`s US$800bn economic stimulus package will deliver minimum greenhouse gas emissions savings of 61 million tonnes a year – equivalent to taking 13 million cars off the road – and could result in far deeper emission cuts. That is the conclusion of a new report from climate change consultants ICF International (ICFI), commissioned by Greenpeace, which aimed to measure the impact on US carbon emissions of the president`s wide-ranging green spending plans. The report concluded that the impact of many of the proposed ... |
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Carbon price close to record low as European sell-off continues
The price of carbon allowance in the EU emissions trading scheme (ETS) was at close to record lows in trading this morning as weak energy commodity prices and a continued sell-off of allowances from heavy industry continued to drive down the price. The price of EU allowances (EUAs) has been declining steadily over the past month and has now fallen more than 40 per cent in the past 30 days to EUR 10.02 (GBP 8.71) as decreased production in a number of carbon-intensive industries means that large numbers of firms are looking to sell credits they no longer need. `We are still seeing a lot of selling ... |
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