The report says that WCI will likely overtake RGGI, the northeast US’s carbon trading scheme for the electric sector, as the most traded carbon market in North America this year with an expected value of $782 million.
“We foresee the primary market dominating WCI transactions in 2012, with a total market size of 28 million tonnes and a value of $392 million, up nearly tenfold from 2011 and overtaking RGGI as the biggest North American carbon market in value terms,” said Ashley Lawson, a carbon market analyst for the firm is quoted as saying in a PointCarbon article.
California’s and Quebec’s cap-and-trade programs are set to begin in 2013, covering greenhouse emissions from power plants and large industrial sources. It will then expand to cover emissions from transportation fuels from 2015.
Barclays Capital has slashed its price outlook for European Union and UN-backed carbon for 2012 and beyond, as prospects of a recession could further weaken demand in the oversupplied carbon market. The bank forecast front-year EU allowances to …
United Nations climate envoys should set a carbon price rather than fix a global cap on greenhouse- gas emissions, cutting the complexity of international negotiations, David Silverstein, a neuroscientist with an interest in climate negotiations …
A Chinese government-affiliated researcher has denied reports that China is set to introduce a carbon tax before 2015.
“The introduction of carbon tax is not on the political agenda,” Fu Zhihua with the Financial Science Research Institute, …
Marcus Priests writes in the Australian Financial Review today that the federal government has sought legal advice on whether the repeal of its carbon price legislation would enable companies to claim millions of dollars in …
Australia’s carbon tax scheme is put on the limelight again after China announced last week the adoption of a carbon tax scheme effective 2015. China aims to reduce its carbon emissions by as much as …
With Europe’s Emissions Trading System extended to the aviation industry as of last week, requiring all airline carriers landing in the 27-nation European Union to monitor their carbon emissions, flights to and from Europe are likely …
Human emissions of carbon dioxide will defer the next Ice Age, say scientists.
The last Ice Age ended about 11,500 years ago, and when the next one should begin has not been entirely clear. Now researchers …
A new report suggesting wind-turbines can emit more carbon dioxide than the most efficient gas turbines has put the pro-wind community on the defensive over the benefits of the supposed “clean” energy alternative. The findings, out of …
Marcus Prist of the Australian Financial Review writes that Australian companies are likely to face higher compliance costs and greater exposure to price fluctuations on global markets under a proposal favoured by the federal government …
European Union carbon permits are on the rise for two consecutive weeks, as German power and UK natural gas advanced.
EU allowances for December increased 3 percent to close at 6.80 euros ($8.66) a metric ton on the ICE …
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