Energy
IEA forecasts too optimistic says Barcap
Supply-side projections in the International Energy Agency's (IEA) Medium-Term Oil Market Report 2009 are "too optimistic" and "will be subject to substantial revisions in time," according to a research report by Costanza Jacazio, commodities analyst at…
Bache Commodities launches new green commodities index
Bache Commodities, the global commodities and financial derivatives business of Prudential Financial, has launched a green commodities index.
CME launches SO2 futures and options contracts
The CME Group will offer new sulfur dioxide (SO2) emission 25-allowance futures and options contracts from July 12, for a trade date of July 13.
EcoSecurities registers largest Gold Standard VER project
EcoSecurities, a Dublin-based environmental project developer, has registered the Rotor Elektrik Uretim wind farm in Turkey as the largest project under the Gold Standard, a carbon credit quality label.
IEA reduces predictions for oil demand
The recession has seen the IEA revise down its predictions for oil demand in 2013 by 3.3 mb/d, with consumption falling as low as 84.9 mb/d by 2014 in the worst case scenario, and demand for gas dipping for the first time in 50 years.
House passes cap-and-trade bill
The House of Representatives has passed the American Clean Energy and Security (ACES) Act, taking the US a step closer to developing a national carbon cap-and-trade initiative.
LCH.Clearnet to launch spot carbon clearing in July
London-based clearing house LCH.Clearnet's over-the-counter (OTC) clearing service for the UK spot market for carbon credits will launch on July 3 this year.
Next generation solar power could replace fossil fuels says WRI
Concentrating solar thermal (CST) power has the potential to provide power on the margin of the demand curve, as well as replacing coal at the core of the power mix in the US, according to a report by the World Resources Institute (WRI.)
New Austrian natural gas exchange to clear through ECC
European Commodity Clearing (ECC) is to offer clearing services for a new natural gas exchange at Austria's Central European Gas Hub (CEGH), hosted by Vienna Stock Exchange.
Revenues up in US E&P despite downturn
Exploration and production revenues of US oil & gas companies grew by 35% to $183.3 billion in 2008, according to a study by advisory firm Ernst and Young.
BlueNext launches OTC registration service for brokers
Environmental exchange BlueNext has launched a new registration service for brokers to help secure over-the-counter (OTC) EUA and CER spot transactions.
Dubai to price physical oil against DME Oman futures
Dubai Mercantile Exchange (DME) has confirmed that the Dubai Department of Petroleum Affairs (DPA) will set its official monthly selling price (OSP) for physical crude based on a differential to the settlement price of the DME's Oman Crude Oil Futures…
Orbeo acquires OneCarbon
French carbon trader Orbeo has bought global carbon project originator OneCarbon, a subsidiary of Dutch sustainable developer Econcern Group.
Dow and Gazprom sign carbon project agreement
Dow Chemical has signed an agreement with Gazprom Marketing and Trading (GM&T) to develop and implement greenhouse gas reduction projects.
Bluenext announces deal with Chinese exchange
NYSE's Bluenext and the China-Beijing Environmental Exchange (CBEEX) have signed an agreement to set up an international information platform for Clean Development Mechanism (CDM) projects.
Waxman-Markey early action provisions criticized as unclear
Industry commentators have spoken out about the provisions for early adoption of carbon emission reduction strategies in the cap-and-trade legislation currently going through the US House of Representatives.
CME to list new EUA and CER contracts
The CME Group will list four new In Delivery Month European Union Allowance (EUA) and Certified Emission Reduction (CER) futures and options contracts as part of its Green Exchange venture.
Point Carbon launches US power trading product
Point Carbon, an energy and environmental market analyst, has launched its first power trading analytics tool for the North American market.
EEEM sees rising returns thanks to climate change investment
Energy efficiency and energy management (EEEM) received over $184billion of climate change stimulus funds and saw the strongest returns, rising 16% year to date, of the four climate sectors outlined in the latest quarterly review of the HSBC Climate…
Bache Commodities enters carbon trading
Bache Commodities, the London-based arm of financial company Prudential, has today launched a carbon and emissions trading desk.
DOE moves forward on CCS
The US Department of Energy has announced plans to advance the construction of the first commercial scale, fully integrated US carbon capture and sequestration (CCS) project.
GFI EnergyMatch adds dry freight FFAs
Interdealer broker GFI Group has introduced cleared over-the-counter (OTC) dry freight Forward Freight Agreements (FFAs) on to its European trading platform EnergyMatch Europe.
Bluenext suspends trading following VAT exemption for carbon
Trading will resume on environmental exchange Bluenext on Wednesday June 10 at 8.00AM after two days of closure following the French Budget Ministry's announcement that carbon permits will be exempt from VAT.
Bidders in for Ecosecurities
A takeover battle has emerged between France's EDF Trading and Dutch company Guanabara Holdings for Irish environmental project developer EcoSecurities.