January 22, 2009
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Environment Management Newsletter January 22, 2009 |
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| This Week´s Featured News Stories |
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House Dems’ stimulus bill includes US$14bn-plus for water, environment
US Democrats have unveiled an US$825bn plan to stimulate the US economy, including proposals to spend billions of dollars on low carbon vehicles, renewable energy and energy efficiency. Their economic recovery Bill aims to ease the misery of the recession and create up to four million jobs. The package includes plans for tax cuts, modernising infrastructure, helping people who have lost their jobs, and creating a greener economy. Under the Democrats` plan, US$2bn would be dished out to support US manufacturers of advanced vehicle batteries and battery systems, and a new US$200m grant program would ... |
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2008 carbon market valued at EUR 90bn, say analysts
The global carbon market grew substantially in 2008, despite the downturn in other global commodity markets - and the EU`s trading scheme was responsible for most of this activity. According to analysts Point Carbon, nearly 5bn tonnes of CO2 equivalent changed hands across the world during the course of the year - an increase of 83% on the activity in 2007. The market`s total value for the year also grew to an estimated EUR 92bn (US$125bn), which was more than double its EUR 40bn value in 2007. The EU Emissions Trading Scheme (EU ETS) accounted for two-thirds of the total carbon market, trading ... |
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