Carbon compliance markets
Carbon traders concerned over SGS UK suspension
Carbon traders have expressed concern over the suspension of SGS UK, the largest carbon project verifier in the world, by the United Nations.
EcoSecurities agrees £122.9m takeover by JP Morgan subsidiary
The takeover battle that emerged over Irish carbon project developer EcoSecurites has been won by Carbon Acquisition Company, an indirect subsidiary of JP Morgan Chase & Co.
New member registrations reopened on Climex
Netherlands-based exchange Climex, which offers environmental and energy contracts, has reopened its membership registration for the carbon spot exchange after reviewing and amending its criteria.
Switzerland adopts a 20% carbon reduction target
The Swiss government has announced it will cut GHG emissions to levels 20% below 1990 levels by 2020.
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
Opposition to US climate change legislation gathers pace
The American Petroleum Institute (API) has stepped up efforts to dissuade US Senators from passing cap-and-trade legislation in September.
UK tax authority arrests carbon fraud suspects
The UK's tax authority HM Revenue & Customs (HMRC) has arrested seven people on the suspicion of a £38 million VAT fraud involving the trading of carbon emissions allowances.
South Korea gears up for carbon targets
South Korean companies are demonstrating increased interest in carbon trading, as the country gears up for setting a 2020 emissions reduction target.
CCX carbon credits may gain SPDC status
The Commodity Futures Trading Commission (CFTC) has issued a Notice of Intent to determine if the Chicago Climate Exchange's (CCX's) Carbon Financial Instrument (CFI) performs a significant price discovery function.
Uncertainty clouds Australia’s carbon trading proposals
The Australian parliament has rejected plans for an emissions trading scheme. The proposed Carbon Pollution Reduction Scheme (CPRS) failed to pass in a Senate vote, but the government plans to re-submit the proposal to the Senate before the United…
CarbonDesk opens for business
London-based emissions broker the CarbonDesk has obtained regulated status from the UK's Financial Services Authority (FSA) to begin trading futures, options and derivatives products on the global carbon markets.
Shell and National Grid join UK consortium to build CCS plant
Royal Dutch Shell and National Grid have announced that they will join ScottishPower's carbon capture and storage (CCS) consortium which is in the process of submitting a bid to build the first CCS plant in the UK.
GHG allowances could cost $191 by 2030
The Energy Information Administration (EIA) has predicted greenhouse gas allowances could cost $191 per metric ton by 2030 under the American Clean Energy and Security Act.
Senate turns attention to cap-and-trade
The energy industry is holding its breath as the US Senate begins work on a cap-and-trade bill after legislation passed the House of Representatives. Pauline McCallion investigates
Carbon traders reject EDF Energy's price floor calls
Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor, reports Rachel Morison
JI: Life after 2012?
Joint Implementation (JI) emission reduction projects have so far been overshadowed by the Clean Development Mechanism. Katie Holliday investigates whether there is a future for JI projects post-2012
UK scraps carbon VAT to tackle fraud
The UK government has moved to tackle VAT fraud on carbon credits by removing VAT from emission allowances.
Airlines to face €1 billion carbon bill in 2012
Aviation's entry into the European Union Emissions Trading Scheme (EU ETS) in 2012 is set to cost the sector €1 billion, a report by carbon analysts Point Carbon has shown.
Carbon market VAT scrutiny shifts to Climex
The Dutch government has announced changes to the way carbon permits will be taxed, following concerns about a 49% leap in volumes on Dutch carbon exchange Climex in June. The growth came despite an overall drop in trading volumes across all European…
Carbon traders reject EDF Energy’s price floor calls
Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor.
Updated: Light at the end of the tunnel for Russian JI
The Russian government is discussing an important step towards clarifying regulatory procedures for JI projects, according to market participants.