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International Carbon Market News

Global carbon market growing, despite low carbon price
Friday, 8 Jan, 2010 – 1:34 | Posted by GreenCollar

In spite of the global economic slowdown, the market for trading carbon dioxide grew by 68 percent last year compared with the previous year.
The value of the market remained roughly unchanged after carbon prices fell …

EU climate commissioner urges for more ambitious target
Tuesday, 24 Nov, 2009 – 12:29 | Posted by GreenCollar

Stavros Dimas, the environment commissioner of the European Union, called on the trade bloc to pledge to cut greenhouse gas emissions by 30 percent from 1990 levels as a sign of leadership leading into the …

Vote on US cap and trade bill not likely until 2010
Thursday, 12 Nov, 2009 – 6:31 | Posted by GreenCollar

Key U.S. Senate Democrats this week said it is unlikely that a comprehensive bill to curb greenhouse gas emissions will be voted on until next year.
The Senate Environment Committee approved a version of the cap and …

Big cuts in emissions would mean less demand for coal: IEA
Wednesday, 11 Nov, 2009 – 23:53 | Posted by GreenCollar

Coal demand in Japan, Australia’s biggest export market, could plunge by more than half over the next two decades, according to projections from the International Energy Agency (IEA).
In its annual World Energy Outlook the agency …

US Senate climate bill: ambitious
Wednesday, 30 Sep, 2009 – 4:25 | Posted by GreenCollar

A copy of the much anticipated US Senate climate bill reveleas a proposal that calls for a  cut in  US greenhouse gas emissions of 20 percent from 2005 levels by 2020 – a more ambitious …

In US, more firms look at their carbon footprint
Thursday, 24 Sep, 2009 – 0:59 | Posted by GreenCollar

More top corporations are paying attention to their greenhouse gas emissions and are assigning top managers to curb them, according to a new survey.
The Carbon Disclosure Project (CDP), a UK-based nonprofit that presses businesses to …

Cost of Copenhagen $10bn, UN climate chief says
Wednesday, 9 Sep, 2009 – 1:13 | Posted by GreenCollar

The world’s richest nations will have to put US$10 billion “on the table” during the Copenhagen climate change summit, if the negotiations are to succeed, said Yvo De Boer, head of the United Nations Framework …

India won’t commit to legally binding emission cuts, minister says
Tuesday, 21 Jul, 2009 – 5:47 | Posted by GreenCollar

India will not bend to international pressure to cut emissions, the country’s Environment Minister said this week.
 
“India’s position is clear and categorical that we are simply not in a position to take any legally binding emissions …

Developed nations agree to 80 percent emissions cut by 2050
Friday, 10 Jul, 2009 – 5:26 | Posted by GreenCollar

G8 leaders agreed to cut greenhouse gas emissions at least 80 percent by 2050. They also called to all developed countries to slash their own emissions.
 
Australia has promised to cut its emissions by 60 percent within the time frame and is now …

Leaders at G8 to consider emissions cuts of 80 % by 2050
Monday, 6 Jul, 2009 – 2:10 | Posted by GreenCollar

Leaders of G8 nations may walk out of the summit having agreed to cut greenhouse gases by 80 percent by 2050 and to hold human-induced temperatures below 2 degrees Celsius, the BBC reported July 6. 
News of the G8 plans …