carbon trading scheme News

  • Another award for WSP’s personal carbon trading scheme

    We launched the world's first personal carbon trading scheme (called PACT) for our staff some 3 years ago. It's proved a great success not only with our staff, but also with our clients - and the media too. And now we are delighted that PACT has won another award - the European Managing Partner Forum's "Innovation in Practice" award for 2010. The MPF is the leading association for those involved ...


    By WSP | Parsons Brinckerhoff

  • Japan moving on emissions trading scheme

    The Reuters news agency is reporting that a compulsory emissions trading scheme is set to start in Japan in April 2013. The scheme will cover large CO2 emitting companies. Many details have yet to be worked out according to a draft of the government's proposals obtained by Reuters, which will be presented to an expert committee at the Environment Ministry this week. That Committee will finalize ...


    By GLOBE Foundation

  • Carbon credit trading schemes and carbon offsets as part of an investment product

    The Financial Services Authority (FSA) are receiving an increasing number of reports from people who have been approached by firms promoting carbon credit trading schemes or offering carbon offsets as part of an investment product to individuals. ClimateCare recommends that any individual that has been approached by a business selling carbon offsets as a personal investment reads the advice on ...


    By ClimateCare

  • Pioneering carbon trading scheme to promote school energy efficiency

    Carbon emissions from state schools are to be included in a pioneering carbon trading scheme for local authorities from April 2010, Environment Secretary Hilary Benn announced today. Energy use in schools will count towards the total emissions of local authorities under the Carbon Reduction Commitment (CRC), the mandatory trading scheme that will encourage local authorities to reduce emissions. ...

  • EU Emissions trading scheme threatens to trap Europe in a high carbon future

    The Emissions Trading Scheme (ETS), the flagship policy covering half of the EU's carbon emissions, could turn intended restrictions on pollution into a trap that commits Europe to increasing carbon emissions for much of the next decade, unless changes are swiftly introduced, warns campaign group Sandbag. Sandbag's analysis shows that the ETS is on course to require savings of, at best, a ...


    By GLOBE Foundation

  • Serious shortcomings in carbon trading scheme - German research institute

    The Clean Development Mechanism (CDM) is a flexible mechanism under the Kyoto Protocol that allows countries and businesses to offset their emission reductions from greenhouse gas (GHG) abatement projects in developing and newly industrializing countries. There are two key criteria which these CDM projects must fulfil. Firstly, the project must genuinely reduce greenhouse gas emissions. Secondly, ...


    By Öko-Institut e.V.

  • South Korea passes legislation for carbon cap and trading scheme.

    South Korea's National Assembly recently passed legislation on the Allocation and Trading of Greenhouse Gases Emissions. The greenhouse gas (GHG) trading scheme will be implemented effective January 1, 2015. Korea's industrial sector has long opposed the emission-trading scheme. It has maintained that if the proposed law were passed Korean manufacturers would be unable to compete with ...


    By GLOBE Foundation

  • E.ON advocates uniform global carbon trading with a phased auctioning scheme

    For E.ON, a uniform global carbon trading system and carbon pricing mechanism is the most powerful and market-oriented tool for effective climate protection. 'If a climate agreement was to help us come closer to establishing a single carbon market, then that would be a huge success for the Copenhagen Climate Conference,' said E.ON CEO Wulf Bernotat. Prerequisites would be clear emission caps, a ...


    By E.ON AG

  • EU Emissions Trading Scheme to Include Air Transport

    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 covered. Like the industrial companies already ...

  • The future of carbon trading in the US

    An analysis by New Carbon Finance concludes that a carbon trading scheme in the US is inevitable within four to five years. Currently the US favors a domestic market, however linking into international schemes could significantly reduce the price of carbon, impose less cost on US industry and consumers and help make the US a climate change ...


    By GLOBE Foundation

  • ETS backloading: carbon market schemes at a turning point

    Plans to freeze the auctioning of some CO2 permits, so as to raise their price and thus encourage firms to invest in low-carbon innovation, will be put to a final vote on Tuesday, after EU ministers endorsed Parliament’s July 2013 proposal setting stricter conditions for the freeze. The aim is to restore the incentive effect of the Emissions Trading System, which is designed to cut ...


    By European Parliament

  • New measures for the Australian Carbon Pollution Reduction Scheme

    The Carbon Pollution Reduction Scheme will be phased in from 1 July 2011 and a new, ambitious 25 per cent by 2020 target has been put on the table, as part of a package of new measures announced today by the Rudd Government. The package includes: A delay in the start date of the Carbon Pollution Reduction Scheme of one year, to manage the impacts of the global recession. To further assist ...


    By Australian Government

  • Energy efficiency scheme will save cash and carbon

    Reducing energy use will save organisations a total of £1billion and more than 4MtCO2 each year by 2020 The final details of the Government’s scheme to save organisations money on fuel bills and to reduce carbon emissions have been unveiled today by the Department of Energy and Climate Change. The Carbon Reduction Commitment Energy Efficiency Scheme is a new regulatory incentive to improve energy ...


  • Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2008

    Carbon Market Data, a European company providing carbon market research and IT services, issued a data summary on the recent release of the EU Emissions Trading Scheme‘s 2008 verified emissions reports.Based on Carbon Market Data calculations, the EU emissions trading scheme (EU ETS) installations were short by 145 Mt in 2008 (they emitted 145 million tonnes CO2 more than they were allowed). This ...


    By Carbon Market Data

  • EC endorses UK Carbon Reduction Commitment scheme

    The European Commission has authorised under EC Treaty state aid rules a scheme proposed by the United Kingdom introducing a trading system for CO 2 emissions related to energy consumption. The national system, called 'the Carbon Reduction Commitment' (CRC), applies to non energy intensive sectors not covered by the EU Emission Trading system. All allowances in the CRC system would be sold by ...

  • A first look at how the EU emissions trading scheme is working

    The EU's emissions trading scheme (ETS) was introduced for a three-year trial period in 2005, and this initial analysis looks at how well it is working using data from the first two years of operation. The research concludes that both over-allocation and a reduction in CO2 emissions occurred. This research provides insights on the extent to which over-allocation of EU Emissions Allowances (EUAs) ...

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

    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 emissions credits will begin. As a first step, Howard ...

  • Carbon Reduction Scheme can boost bottom-line

    The government’s Carbon Reduction Commitment (CRC) should not be seen as an overhead, but an opportunity to sharpen competitive edge in the face of the current recession. Consultants at sustainable power company ENER-G believe the CRC can be used as a springboard to boost bottom-line performance by reducing energy costs, while enhancing corporate social responsibility programmes.This view is ...


    By ENER-G

  • Carbon Market Data publishes key figures on the European emissions trading scheme for the year 2012

    Carbon Market Data, a European company providing carbon market research and IT services, issued a data summary on the recent release of the EU Emissions Trading Scheme‘s 2012 verified emissions reports. Based on Carbon Market Data calculations, the EU emissions trading scheme (EU ETS) installations were long by 164 Mt in 2012 (they emitted 164 million tonnes CO2 less than their number of ...


    By Carbon Market Data

  • First stage of carbon reduction scheme begins

    UK waste management companies and local authorities will have to register their electricity consumption with the Environment Agency (EA) under the Carbon Reduction Commitment Energy Efficiency Scheme which begins tomorrow (1 April). Waste management firms Sita, Shanks and Veolia Environmental Services are among around 23 waste and water companies which will be obligated to reduce their carbon ...

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