April 5, 2012
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Air & Climate Newsletter April 5, 2012 |
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| This Week´s Featured News Stories |
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EU emissions drop triggers carbon price freefall
According to preliminary `like-for-like` data released by the EU on 2 April, emissions covered by the ETS were 1.88 billion tonnes in 2011, a slight fall on the 2010 figure of 1.94 billion tonnes.But those numbers were also 114 Million tonnes below the EU`s ETS cap, indicating that the market was over-supplied with carbon allowances for the third year in a row, and for the sixth in seven years.The already-depressed carbon price dived from €7 to a record low of €6.14 by early afternoon on the news of yet more spare capacity on the market, before recovering.Bjorn Inge Vik, a senior analyst ... | ||
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Recommendations for effective low emissions development strategies
In recent years, several developing countries, with support from donor agencies, have begun to seriously consider Low Emissions Development Strategies (LEDS), country-driven plans that enable the transition to a low-carbon economy as an effective mechanism for combating climate change. Last week, the LEDS Global Partnership – launched in early 2011 and comprised of 30 governmental and international institutions – held a workshop on the topic in Chesham, U.K. WRI is a member of the steering committee of the LEDS Global Partnership and attended the meeting. Others in attendance included ... | ||
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