greenhouse gas emissions trading News

  • EU greenhouse gas emissions: more than half way to the `20 % target by 2020`

    The European Union"s greenhouse gas (GHG) inventory report, compiled by the European Environment Agency (EEA), shows that emissions have not only continued their downward trend in 2008, but have also picked up pace. The EU-27"s emissions stood 11.3 % below their 1990 levels, while EU-15 achieved a reduction of 6.9 % compared to Kyoto base-year levels. " ...

  • IEA proposes approaches to curb greenhouse gas emissions in the key sectors, industry and power

    “In the global fight against climate change, the industry and power sectors both play a key role,” said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA) today in Paris. “Industry is one of the largest users of electricity, and together, both sectors account for almost two-thirds of global energy-related CO2 emissions,” Mr. Tanaka stressed at the launch of two new IEA ...


    By International Energy Agency

  • Kyoto Protocol Parties move closer to trading emission allowances

    (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 ...

  • UK government consults on how emissions trading auctions will be implemented

    A consultation exploring how auctions for the second phase of the EU Emissions Trading Scheme could work was published by the Department for Environment, Food and Rural Affairs (Defra) on Friday. The consultation outlines four key proposals for how emissions trading auctions could be structured in the UK.  It suggests: Auctions or sales of carbon allowances will take place on a quarterly ...


  • New Zealand Government releases draft regulations for emissions trading

    A draft of the proposed New Zealand emissions trading regulations for forestry and liquid fossil fuels has been released by Climate Change Minister David Parker and Forestry Minister Jim Anderton.   The draft regulations have been released to provide more certainty for potential participants from the forestry and transport sectors about their obligations once they are required ...


    By New Zealand Government

  • BGV Seeks EU100 Million for East Europe Emissions-Trading Fund

    Sept. 10 (Bloomberg) -- Blackstone Global Ventures, the emissions trading firm based in Prague in the Czech Republic, is seeking to raise 100 million euros ($138 million) to invest in East Europe projects that curb the release of greenhouse gases. The fund will invest in projects, including landfill gas- combustion plants in Ukraine, to gain emission-reduction units under the United ...

  • 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 ...

  • Technology support combined with emissions trading best over long term

    Achieving long-term reductions in greenhouse gas (GHG) emissions is a growing priority, both nationally and internationally, as evidenced by the recent package of climate and energy proposals for Europe under discussion this year1. But new research suggests that policies that lead to cost-effective GHG reductions in the short term may not be cost-effective over the long term. Market-based ...

  • New Zeland Minister welcomes progress on emissions trading bill

    Climate Change Minister David Parker this week has welcomed a select committee report on legislation to establish an emissions trading scheme. “The Finance and Expenditure Committee has read 259 submissions and listened to 160 oral submissions in 58 hours of hearings,” David Parker said. “The changes recommended by the committee as a result of their consultation will improve the Bill.” “I’d ...


    By New Zealand Government

  • 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 SERIES

  • Council adopts decision clarifying provisions on the timing of auctions of greenhouse gas allowances

    The Council today adopted1 a decision amending the EU's emissions trading system directive (directive 2003/87/EC) by clarifying provisions on the timing of auctions of greenhouse gas allowances (PE-CO#6;S 114/13, 17307/13 ADD1). The adaptation by the Commission of the timetable of auctions will require a prior impact assessment of the risks of carbon leakage for particular industrial sectors. ...


    By EU Council of Ministers

  • Financial impacts of ‘cap and trade’

    So-called 'cap and trade' legislation has often been portrayed as a regressive policy - one that would hit poor people the hardest. A new MIT study concluded that this is not the case. The U.S. House of Representatives passed a cap-and-trade bill last year, and different versions of that bill had been working their way through the Senate until being yanked from consideration last month. The ...


    By GLOBE Foundation

  • European Environment Agency develops more transparent greenhouse gas data

    The European Environment Agency has developed a new greenhouse gas (GHG) emissions viewer, where users can display emission data broken down by Member State, year and trading sector in a user-friendly interface. With this viewer, the EU Emission Trading Scheme (ETS) data become significantly more accessible for a wide range of users.  Over 11,000 industrial installations in Europe — which ...

  • A&WMA issues call for abstracts for greenhouse gas measurement symposium

    The Air & Waste Management Association (A&WMA) has issued a call for abstracts for the first international Greenhouse Gas (GHG) Measurement Symposium, to be held March 23-24, 2009, in San Francisco, CA. The symposium will provide a forum to discuss novel concepts in GHG emission source measurement, measurement-based modeling, and surrogate-monitoring assessment in the context of future ...

  • Masdar and Abu Dhabi Ports Company (ADPC) sign agreement on carbon capture and greenhouse gas emission reduction at Khalifa Port and Industrial Zone (KPIZ)

    Masdar, the multi-faceted initiative by the Abu Dhabi Government, through the Mubadala Development Company, to promote advanced energy and sustainability, has signed an agreement with Abu Dhabi Ports Company (ADPC), the master developer of ports, industrial zones, trade and logistics zones, to explore carbon dioxide capture and greenhouse gas reduction initiatives at Khalifa Port and Industrial ...


    By MASDAR

  • Carbon Market Data launches the Greenhouse Gas Reporting Company Database

    The team at Carbon Market Data is happy to announce the launch of the Greenhouse Gas Reporting Company Database. The first version of this new information solution includes data on South Korean companies. The Korea GHG Reporting Company Database provides greenhouse gas emissions data as well as ...


    By Carbon Market Data

  • South Australia Legislates Nation`s First Greenhouse Gas Limits

    ADELAIDE, Australia, July 3, 2007 (ENS) - Australia's first climate change legislation became law today. It is not national legislation, it applies only to the state of South Australia, but in the country that has followed the United States in its reluctance to join international climate action, the new law is viewed as a big step. The Climate Change and Greenhouse Emissions Reduction Act 2007 ...

  • South Australia Legislates Nation`s First Greenhouse Gas Limits

    ADELAIDE, Australia, July 3, 2007 (ENS) - Australia's first climate change legislation became law today. It is not national legislation, it applies only to the state of South Australia, but in the country that has followed the United States in its reluctance to join international climate action, the new law is viewed as a big step. The Climate Change and Greenhouse Emissions Reduction Act 2007 ...

  • Waste and Recycling Industry Innovation Makes Positive Greenhouse Gas Trend Possible

    The waste and recycling industry is continuing to reduce its release of greenhouse gases – even as waste volumes increase, according to the latest greenhouse gas inventory released by U.S. Environmental Protection Agency (EPA). "Our industry has been diligent and has invested in new equipment and facilities to reduce emissions of methane and other gases from landfills. Furthermore, we have ...


  • Western Governors, Premiers Set Greenhouse Gas Reduction Goal

    OLYMPIA, Washington, August 22, 2007 (ENS) - The eight members of the Western Climate Initiative, WCI, today announced that they have established a regional goal to reduce greenhouse gas emissions in the West to 15 percent below 2005 levels by 2020. By defining the goal before the end of August, WCI members met the timetable they set when the organization was created in February. ...

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