The German federal environment ministry has commissioned the KfW Banking Group with the sale of CO2 emission allowances, which will no longer be made available free of charge to energy utilities as of the beginning of the second trading period on 1 January 2008. From 2010 at the latest allowances will be auctioned. The allocation of emission allowances at no charge during the first trading ...
Bad Vilbel/Frankfurt – The projected sale of 40 million emission allowances per year can noticeably influence the emission certificate market. “If you want to place 40 million emission allowances per year on the certificate market, you need to figure out how to implement this as professionally as possible,” urges Markus Huewener, Managing Director at 3C Holding AG in Germany. In the coalition ...
(Vienna, 30 August 2007) The secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) today released first results indicating that countries will meet criteria to begin trading in Kyoto emission allowances for 2008, the first year of the Treaty’s first commitment period. International teams coordinated by the secretariat have finished reviews of reports submitted by ...
The California Air Resources Board (ARB) and the ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques (Ministry of Sustainable Development, Environment and the Fight against Climate Change) (MDDELCC) of Québec today announced plans to conduct a joint practice auction for the California and Québec cap-and-trade ...
The Council today (Feb. 24, 2014) decided not to oppose the adoption of a Commission regulation amending Regulation No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-2020 ("back-loading") (5305/14, 5832/14). The measure will enable the Commission to delay the auctioning of 900 million allowances in the third trading period of the ...
FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. (NYSE: FE), will host a bidder information session on Monday, November 7, 2011, at 11 a.m. for those interested in participating in a competitive bidding auction process for Cross State Air Pollution Rule (CSAPR) sulfur dioxide (SO2) and nitrogen oxides (NOX) emission allowances for 2012 and 2013. The bidder application deadline for the ...
A public consultation on rules to govern the future auctioning of emission allowances under the EU Emissions Trading System (EU ETS) has been launched by consultants working for the European Commission. The consultation forms part of the Commission's preparation of a Regulation on auctioning of allowances with respect to the third and later trading periods. In accordance with the revision of the ...
IHS Inc. (NYSE:IHS), a leading global source of critical information and insight, today announced the release of ecoAsset Manager™ 10.1 – software for emission allowance and credit (ecoAssets) portfolio management. ecoAsset Manager™ Version 10.1 provides full integration with IHS ESP ops™ solutions for environmental data management to now support end-to-end emissions information management for ...
On 19 January, following a number of successful cyber attacks on EU member states’ emissions trading system (EU ETS) registries, the European Commission suspended all internal and international transactions within all the EU ETS registries. These registries are the repositories for EU emission allowances and an important part of carbon market trading. The UK agreed with the European ...
The UK was the first country out of all the Member States to start issuing its aviation allowances. The first free allowances were allocated on Tuesday 28 February. These were issued to those aircraft operators covered by the EU ETS that had completed the registry account opening process and therefore were able to receive their allowances for 2012. A total of 4,965,892 allowances have been ...
Quebec's Minister of Sustainable Development, Environment and Parks, Pierre Arcand, today announced the adoption of the Regulation respecting the cap-and-trade system for greenhouse gas emission allowances, which is based on the rules established by the Western Climate Initiative (WCI). "Cap-and-trade systems for emission allowances are recognized as one of the most effective and ...
Today the European Commission (EC) Climate Change Committee (CCC) voted to approve the UK’s national auction platform for phase III and aviation auctions under the European Union Emissions Trading System (EU ETS). Welcoming this important vote, Greg Barker said: “This announcement is a further step towards ensuring that we can start auctioning phase III and aviation allowances as ...
During the allocation procedure for the second trading period of emissions trading (2008-2012) the German Emissions Trading Authority (DEHSt) at the Federal Environment Agency awarded certificates to 1,625 installations. In the first trading period, 2005-2007, there were still 1,849 installations participating in emissions trading. The number has gone down because installations have been ...
Mountain View, CA - ESP (Environmental Software Providers), the California-based environmental management and emissions portfolio management software company, announced today the release of Version 9.0 of its best-in-class ecoAsset Manager software suite. ecoAsset Manager helps companies track, manage and optimize their emissions allowances. It is the industry-leading software for managing SO2 ...
"The European Parliament today voted against repairing the collapsing carbon market", said Rémi Gruet, Senior Climate Advisor of the European Wind Energy Association (EWEA) in Brussels. "MEPs have voted against the polluter pays principle and putting a market-oriented price on carbon emissions". "This makes the ETS irrelevant in Europe’s bid to reduce the use of fossil fuels. The ...
We would like to announce the publication of a new working paper on an econometric analysis of emission allowances on 2005-2006 data. The paper is available at:http://papers.ssrn.com/sol3/papers.cfm?abstract_id=947055Abstract: World power and gas markets have a natural relationship with global tradable carbon permits markets, including the U.S. Clean Air Act Amendments and the EU Emissions ...
IHS (NYSE: IHS), a leading global source of critical information and insight, today unveiled IHS ecoAsset Manager™ 10.3, a new version of the enterprise software platform that is designed to help companies simplify compliance with market-based greenhouse gas (GHG) emissions programs and strengthen sustainability business planning. “With jurisdictions around the world adopting GHG emissions ...
Increasing the number of product benchmarks used in the EU Emissions Trading Scheme could reduce the administrative cost and burden of the allocation process. This is one of the findings of an Ecofys study that was commissioned by the Dutch Emissions Authority. Ecofys investigated the feasibility of extending the use of product benchmarks in the EU ETS and looked at two different tracks to do so: ...
The recent fallout from the Gulf of Mexico oil spill has renewed prospects for an energy debate this summer in the Senate, with Congress open to consideration of a bipartisan climate change proposal that could effectively sideline the comprehensive bill recently unveiled by John Kerry (D-MA) and Joseph I. Lieberman (I-CT). Leading the charge are Senate Energy and Natural Resources Committee ...
EU legislation on aviation emission allowances will cover only intra-EU flights until the start of 2017, but will apply to all flights to or from the EU thereafter, says an informal agreement reached by MEPs and the Council Presidency on Tuesday. The legislation would also require EU member states to report on how they spend revenue from auctioning emission allowances. “The negotiations ...