January 15, 2009
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Air & Climate Newsletter January 15, 2009 |
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| This Week´s Featured News Stories |
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Carbon market to shrug off downturn and top US$150bn this year
The global carbon market will remained shielded against the worst effects of the economic slowdown and grow by more than 27 per cent this year to US $150bn, according to the latest projections from analyst New Carbon Finance. The company`s latest report said that the value of the carbon market soared by 82 per cent last year to US $118bn and predicted that while the global economic downturn would result in a slower rate of growth throughout 2009, the market would continue to expand. Speaking to BusinessGreen.com, Guy Turner, director of New Carbon Finance, said that the bulk of the growth during ... |
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New York joins 11-state effort to reduce greenhouse gas emissions from fuels
New York and 10 other Northeast and Mid-Atlantic states will cooperate to develop a regional `Low Carbon Fuel Standard` to reduce the carbon concentration in fuels used in vehicles and buildings, New York State Department of Environmental Conservation (DEC) and New York State Energy and Research Development Authority (NYSERDA) officials announced this week. The 11 states - the 10 members of the Regional Greenhouse Gas Initiative (RGGI) plus Pennsylvania - will work together to create an emissions-performance standard that will eventually provide incentives for energy providers to use low-carbon ... |
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