Feb 3 (Reuters) - New Zealand carbon prices pushed higher over the week to the best level this year, boosted by rising carbon prices in Europe. Spot permits under New Zealand's emissions trading scheme rose around 2 percent to NZ$7.65 ($6.38), brokers said. That was the highest level since just before the Christmas period.
Thursday, February 2, 2012
6 week high for New Zealand spot carbon prices
Feb 3 (Reuters) - New Zealand carbon prices pushed higher over the week to the best level this year, boosted by rising carbon prices in Europe. Spot permits under New Zealand's emissions trading scheme rose around 2 percent to NZ$7.65 ($6.38), brokers said. That was the highest level since just before the Christmas period.
All eyes are on Turkey's place in global carbon trade
ISTANBUL, Turkey—Turkey is finally getting serious about building a domestic carbon trading scheme, and many Western governments and carbon market analysts worldwide are watching to see if it will follow through on its pledges.
World Bank’s Country Systems Approach
The World Bank’s Board of Directors has approved a new lending instrument called Program-For-Results (P4R). The instrument is supposed to fund programs, not provide project finance, and is meant to work within a borrower’s existing regulatory framework — what the Bank calls a country systems approach.
Mexico finalizes its cap and trade bill
Mexico, the world’s 15th biggest greenhouse gas emitter – and ravaged by its worst drought in 80 years – is close to passing legislation to create a domestic greenhouse gas emissions trading system able to cap and cut carbon emissions. After easy passage in the upper house of congress in December with an overwhelming majority, the General Law on Climate Change will now be debated by its 500-member Chamber of Deputies, according to Point Carbon.
Mexico, the world’s 15th biggest greenhouse gas emitter – and ravaged by its worst drought in 80 years – is close to passing legislation to create a domestic greenhouse gas emissions trading system able to cap and cut carbon emissions.
After easy passage in the upper house of congress in December with an overwhelming majority, the General Law on Climate Change will now be debated by its 500-member Chamber of Deputies, according to Point Carbon.
After easy passage in the upper house of congress in December with an overwhelming majority, the General Law on Climate Change will now be debated by its 500-member Chamber of Deputies, according to Point Carbon.
Source: Clean Technica (http://s.tt/15wJv)
$45,000 in Sustainability Grants available for Education Providers
NEWARK, N.J., Feb. 2, 2012 /PRNewswire via COMTEX/ -- Do you have a creative idea for a partnership between non-formal environmental education providers and K-5 pre-service or practicing teachers? The PSEG Foundation and the Alliance for New Jersey Environmental Education (ANJEE) will be awarding a total of $45,000 in competitive grants to help increase the sustainability of New Jersey communities, through the "PSEG-ANJEE Learners in Sustainability (PALS)" grant program.
Anaheim is the most sustainable city in Orange Co., CA
The Orange County Chapter of the U.S. Green Building Council has announced that Anaheim has won the award for the 2011-2012 top “Eco City” in Orange County. The Advocacy Committee’s inaugural Eco City Award, highlighting the most sustainable cities in Orange County, was presented at Hurley International Headquarters last Thursday evening in front of hundreds of sustainable/ green building professionals, agencies and organizations.
Is there any market left for CER's?
LONDON Feb 2 (Reuters) - U.N.-backed carbon permits were among the worst performing commodities in 2011 and trading volume fell more than 35 percent in January this year from December as the benchmark contract became very illiquid, renewing concerns about lack of demand. Prices for United Nations carbon credits, called certified emissions reductions (CERs), have sunk by more than 60 percent since January last year.
Iowa City jumps on the sustainable community bandwagon
Locals residents want Iowa City officials to focus on sustainability efforts in the coming decade. "I want the city to increase walkability," said resident Judith Pascoe. "I want them to make the city more pedestrian and bike friendly." Pascoe was one of roughly 40 Iowa City community members who gathered Wednesday night to rework the Iowa City 2030 Comprehensive Plan, a guideline that will direct city planning over the next 10 to 20 years.
Energy savings surpasses expectations
A program to save energy at industrial facilities in the Pacific Northwest produced more than 28 average MW in verified energy savings in fiscal year 2011, according to program partner Cascade Energy.
Green logistics can save time and money
The new logistics can save time, save money, and save the planet. For Mercedes Electric Supply, UPS helps with all three. Mercedes Electric Supply started in Miami in 1979 with two people and a station wagon. Today, it delivers over $20 million worth of electrical equipment across the globe—all on UPS trucks and planes.
UPS' shows how to go carbon neutral for pennies
UPS' Guide to going Carbon Neutral for just pennies - 16 Ways To Benefit From Green Logistics
Carbon can be a killer
According to the American Medical Association (AMA), the colorless, odorless and tasteless gas, carbon monoxide accounts for more than 2,200 deaths each year. On Tuesday, Jan. 31, 2012, a Rhode Island man died and several others were injured by carbon monoxide inhalation caused from a leak in the swimming pool heater. The carbon monoxide levels at the hotel were measured at 500 to 600 parts per million and according to authorities, any reading over 30 parts per million is cause for concern.
68% of energy firms don't track carbon
A surprising 68 percent of energy and utility industry professionals say they have no system in place to track and report on carbon emissions, up from 58 percent last year, according to a survey by Enviance.
Carbon capture and storage is the hot area
For two reasons, 2012 will be a milestone for carbon capture and sequestration (CCS) technologies, marking the beginning of its practical utilization.
In December, the next step of the ongoing international climate change talks will be hosted by Qatar, which, with Saudi Arabia, has long pushed to have CCS included among approved technologies for carbon reduction under the European Union cap and trade scheme. (CCS can be used to make electricity cleaner, not only from coal, but also from heavy petroleum residues.) At last year’s talks, they finally succeeded, with more details to be hammered out in December.
Cities vie for Green Investment Bank
Business Secretary Vince Cable has confirmed that he will announce the location of the government's £3bn Green Investment Bank (GIB) next month, after 32 towns and cities including Edinburgh, Cardiff and Milton Keynes bid to host the bank's headquarters.
Low carbon returns to it roots
Coalition of groups representing 12 million people hails localising of energy generation, but bemoans lack of state support
Green venture capital down 4.5%
US venture capital in cleantech companies reached $4.9bn last year, 4.5 per cent down on 2010, analysis from Ernst & Young revealed yesterday.
During the fourth quarter alone, a total of 70 funding rounds raised $940.5m of investment, led by the energy and electricity generation sectors. Solar racked up $284.5m, 91 per cent of the $312.9m invested in the two sectors during the quarter. Over the entire year, energy and electricity generation raised $1.5bn across 71 rounds, representing a five per cent decrease on 2010.
Latest Carbon News Headlines
LATEST NEWS
- 02 Feb 12 11:08U.N. agency nudges up CER supply outlook 0.5 pct
- 02 Feb 12 10:03Carbon rally continues as EUAs rise 4 pct
- 02 Feb 12 10:04Qantas to raise fares on oil cost, EU carbon pricing
- 02 Feb 12 09:49NZ carbon rises 2 pct to hit 6-week high
- 02 Feb 12 02:12PG&E seeks offers for California allowances and offsets
- 02 Feb 12 01:19U.S. cleantech investment slips 4.5 pct from 2010: Ernst & Young
- 02 Feb 12 00:00Mexico to consider domestic carbon market in climate bill
- 01 Feb 12 18:34INTERVIEW: Disaster, not policy, likelier carbon price boost
- 01 Feb 12 17:52U.N. offset trade volume slips in January
- 01 Feb 12 17:13EUAs up 3.5 pct amid gains in energy, equities
- 01 Feb 12 16:21Big companies fall short on greening supply chain: report
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