Carbon trading in North America is poised to double this year with the inauguration of carbon markets in California and Quebec, and the total value of the Western Climate Initiative is set to surpass that of the eastern Regional Greenhouse Gas Initiative, according to Thomson Reuters Point Carbon.
Wednesday, January 18, 2012
North American Carbon Trading To Double
California's Cap and Trade program already has faced legal challenges
On Oct. 20, 2011, the California Air Resources Board adopted administrative rules to implement California’s “cap-and-trade” program for industrial emissions of greenhouse gases. It’s the first of its kind at the state level, and is set to take effect in 2013. Before it does, however, it is likely to face significant legal challenges that, like the canary in the coal mine, may provide a hint of what other states may expect if they attempt to impose a similar program.
British Columbia Cap and Trade Requires a Leap of Faith
There is a correlation between the evidence provided to support any theory and the degree of faith required to believe in it.
2.5M Gallons of Water Per Year Saved By Office Tower
The 1450 Brickell office tower in Miami, Fla., has implemented a wide range of energy-efficient features and technologies that help save over 14 percent more energy and over 40 percent in water use than standard buildings built to code.
EU Open To Discussions with US
The European Union has no plans to suspend the controversial inclusion of the airline industry in the bloc's carbon-trading market, though leaders told Secretary of State Hilary Clinton they remain open to exempting U.S. carriers if they become subject to other measures that reduce emissions.
Eco-tourism growing at 17% a year
Ecotourism, travel that promotes environmental understanding, makes up one quarter of all annual trips in an $89 billion adventure-travel industry.
Miami Commercial Tower Gets Gold LEED's Certification
The 55-story Wachovia Financial Tower in Miami has earned LEED Gold certification, while the Martin Horn office building in Madison, Va., also has achieved LEED certification.
Tensions Build Over Aviation Emissions
The controversy over the inclusion of aviation in the EU Emissions Trading System (ETS) continues to build, with the EU telling US Secretary of State Hillary Clinton last week that the 27-member bloc does not intend to abandon its plan until a global solution to the carbon problem is found. Meanwhile, with the scheme having entered into force on 1 January, many major airlines are racing to take advantage of emissions permit prices, which have hit record lows.
LEED Gold Rating for HSBC Tower In Mexico City
Mexico’s First LEED Gold Rating: HSBC Tower · Environmental Management & Energy News · Environmental Leader
The HSBC Tower in downtown Mexico City is the first building in Latin America to receive LEED Gold certification from the Mexico Green Building Council, TreeHugger reports.
Deutsche Bank says it is safeguarding the future
New Deutsche Bank Towers. One of the most eco-friendly high-rise buildings in the world is Deutsche Bank's head office in Frankfurt. From 2007 until 2010, Deutsche Bank modernised the towers. The aim was to actively contribute to climate protection, as we believe that future generations should grow up in a healthy environment. It is not without reason that our head office is called 'Greentowers'.
Ranking The Banks On Climate Change · Environmental Management & Energy News · Environmental Leader
The banking sector still has a long way to go in confronting the business challenges posed by global climate change, according to a report issued today by Ceres that analyzed climate change governance practices of 40 of the world’s largest banks.
Ex-Im Bank’s Carbon Policy Draws Fire
The Export-Import Bank of the United States (Ex-Im Bank) has distributed a detailed implementation plan to stakeholders for its carbon policy, released in November last year, but environmental groups are criticizing the plan that could open the door for financing high-carbon intensity projects such as coal-fired power plants, reports Environmental Finance.
U.S. Ex-Im Bank Behind Carbon Policy
The Export-Import Bank of the United States (Ex-Im Bank) says it is the first Export Credit Agency (ECA) to adopt a comprehensive Carbon Policy to help U.S. manufacturers produce renewable energy and climate-friendly technologies for the world market. The policy also includes a commitment to improve the bank’s transparency in the tracking and reporting of CO2 emissions from projects that it supports.
Abu Dhabi raises the bar . . . again
Abu Dhabi raised its environmental profile even higher on the world stage yesterday with landmark announcements on water resources and carbon capture and storage.
Carbon Permits Snapped Up By Airlines
Air France-KLM and Lufthansa are preparing for inclusion in the EU’s carbon trading scheme by buying allowances at low prices, while Ryanair has declared the program “eco-looney” and levied a 25 cent per passenger fee.
Carbon price downgrade leaked
Societe Generale on Tuesday lowered its price forecasts for both European carbon permits and the UN-backed Certified Emissions Reductions, citing an oversupply of emissions units, the worsening EU economic outlook and an expansion of low-carbon energy sources.
U.S. clean energy position is misleadingly strong
U.S. Clean Energy Leadership Is Misleadingly Strong After a Record 2011 - Bloomberg
The season has already brought all manner wintry wonders for data junkies: record high temps, record high snowfalls, and an ongoing blizzard of clean energy investment. Neither stormy global economic conditions nor U.S. policy fiddle-faddle could impede the capital flow, which rose five percent to a record $260 billion, according to Bloomberg New Energy Finance. The U.S. led the world, driving $55.9 billion into the sector, a 33 percent jump from 2010. It out-invested China for the first time since 2008.
The Australian Competition and Consumer Commission has warned small businesses they must quiz suppliers
BUSINESSES that tell customers their prices will rise because of the carbon tax face huge fines unless they can actually prove it. The Australian Competition and Consumer Commission has warned small businesses they must quiz suppliers, analyse bills and make mathematical calculations before blaming the carbon tax for soaring costs, adding a new layer of red tape for companies already overburdened by paperwork. The watchdog has set up a band of 23 carbon cops to investigate firms, which face fines of up to $1.1 million if they breach regulations.
Kyoto extension ‘a shot of Viagra’ for emissions trading
A global climate deal to extend the life of the Kyoto treaty and establish the parameters for negotiating a new pact by 2015 will provide a fresh stimulus to the world’s floundering carbon markets, according to bankers and analysts.
Carbon Prices? At Least They Can't Fall Below Zero! Or Can They?
Societe Generale SA (GLE) said European carbon permits may fall close to zero should regulators fail to set tight enough limits in the market after 2020. The bank cut its forecasts for European Union permit prices in 2012 by 28 percent to 8.90 euros ($11.32) a metric ton, on lower emissions because of worsening economic conditions and faster-than-expected deployment of renewable energy.
Solyndra's fired staff fights bonuses to unnamed employees
WILMINGTON, Del., Jan 17 (Reuters) - Laid-off staff of Solyndra Llc, the bankrupt solar panel maker that owes more than $500 million to the U.S. government, are fighting the company's request to pay unnamed employees $500,000 in bonuses.
Solyndra's sale a bust!
WILMINGTON, Del., Jan 17 (Reuters) - Solyndra LLC failed to attract any bids on Tuesday from buyers who could have restarted production, brought back some laid off staff and kept the bankrupt solar panel maker operating, according to a company adviser.
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