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Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Friday, August 17, 2012

A 20-Year Low in U.S. Carbon Emissions

   Photo:  naturalgas.org
A 20-Year Low in U.S. Carbon Emissions - NYTimes.com

"Energy-related carbon dioxide emissions in the United States from January through March were the lowest of any recorded for the first quarter of the year since 1992, the federal Energy Information Administration reports. The agency attributed the decline to a combination of three factors: a mild winter, reduced demand for gasoline and, most significantly, a drop in coal-fired electricity generation because of historically low natural gas prices. Whether emissions will continue to drop or begin to rise again, however, remains to be seen, experts said Friday.  “While this is a positive step, we shouldn’t just say, ‘Oh, we’ve got plenty of natural gas, we can just switch to that, problem solved,’ and move on,” said Jay Apt, the director of the Carnegie Mellon Electricity Industry Center, who was not involved in compiling the study.  Carbon dioxide emissions from energy consumption totaled 1.34 billion million metric tons in the first quarter, down nearly 8 percent from a year earlier, the Energy Information Administration said.

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Carbon emission rights trading scheme launched

   Photo:  asianews.it
Carbon emission rights trading scheme launched - People's Daily Online:

"Shanghai on Thursday launched a pilot carbon emission rights trading scheme in a bid to encourage carbon emission reductions.  About 200 major local polluters, including industrial companies whose annual carbon dioxide emissions reach 20,000 tonnes and non-industrial enterprises whose annual emissions total 10,000 tonnes, will take part in the trading, the city government said in a statement.  Each of the carbon market participants will get a free quota for a certain base carbon emission. Companies failing to meet emission cut targets will need to buy quota from those whose emission cuts exceed the targets."
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