Energy
CFTC prepares for carbon role
The CFTC expects to oversee derivatives products associated with carbon dioxide allowances under US federal cap-and-trade scheme
Ex-SemGroup CEO denies trading strategy caused bankruptcy
Former SemGroup chief Tom Kivisto has criticized a court report that stated his speculative oil trading drove the company to bankruptcy.
BlueNext to move into US carbon market
European environmental exchange BlueNext has announced plans to open a New York office this summer and launch Regional Greenhouse Gas Initiative (RGGI) products by the end of 2009.
First domestic Australian CER trade
The first Certified Emission Reduction (CER) trade between two Australian counterparties has been made by Victorian electricity generator Loy Yang Power (LYP) and Queensland-based commodity trading and risk management firm Arcadia Energy Trading. The…
RWE/E.ON and EDF win UK nuclear auction
The UK government has confirmed that the Nuclear Decommissioning Authority has successfully completed the auction of three potential new nuclear sites for a combined total of £387 million, significantly more than the government had previously expected to…
Morgan Stanley named in FCStone saga
Morgan Stanley has revealed its role in the disposal of a loss-making energy trading account by FCStone in March 2009.
Carbon trading volumes up but market value down in 2009
Trading volumes in the global carbon market grew by 37% in the first quarter of 2009, compared to quarter four of 2008, according to New Carbon Finance.
ICE launches 20 OTC cleared oil contracts
IntercontinentalExchange (ICE) has introduced 20 new cleared OTC oil contracts, which will be available for clearing from May 18, 2009.
Citi to trade CERs in Israel
Citi has confirmed details of a recent emissions deal for certified emissions reductions (CERs) from a clean development mechanism (CDM) project in Israel.
Swiss Re ceases carbon trading
Zurich-based reinsurer Swiss Re is closing its carbon emissions trading desk, according to a spokesperson.
No new coal without CCS, says Miliband
Energy secretary Ed Miliband announced yesterday that there will be no new coal plants built in the UK without carbon capture and storage (CCS) technology, in a move designed to place Britain at the forefront of technological developments.
Utilities call for early allocation of emissions
US utilities have called on Congress to allocate emissions allowances in the early years of a national cap-and-trade scheme during testimony before the House Energy and Commerce Committee yesterday.
CCFE launches REC futures
The Chicago Climate Futures Exchange (CCFE) has launched the first futures contracts based on renewable energy certificates (RECs).
UK government revises Community Emissions Trading Scheme
HM Treasury announced revisions to the Community Emission Trading Scheme today which set out how the UK will conduct auctions of carbon allowances and how participation in Phase II of the European Emissions Trading Scheme (EU ETS) will be governed.
China at forefront of clean coal technology
China is leading the way in developing new cleaner coal technologies according to the International Energy Agency (IEA), which says that advanced technologies with higher efficiency levels and the potential to reduce CO2 emissions are already widely used…
EPA finding could lead to GHG regulation
The Environmental Protection Agency (EPA) today issued a proposed finding that greenhouse gases contribute to air pollution that may endanger public health or welfare.