Environment-Renewables
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.
French power supply problems could hit UK
Unusually high temperatures last month put a third of France's nuclear power stations out of action, forcing the country to import electricity from the UK. According to Chris Bowden, CEO of energy and carbon advisors Utilyx, the UK may face similar…
Government initiates $3bn renewables programme
The US Treasury and Department of Energy today announced today a $3 billion funding programme for the development of renewable energy projects, as well as publishing application guidance for obtaining funds.
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.
Pickens Plan hit by transmission issues
Oil tycoon T. Boone Pickens has confirmed reports that he is to shelve plans to build the world's largest wind farm in Texas and will funnel the resources into smaller projects instead.
Recession drives carbon trading says report
The global carbon market has grown despite the economic slowdown, a report has shown. Global carbon market volumes grew by 124% and by 22%, in terms of value, in the first half of 2009, according to a report by market analysis firm Point Carbon…
Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports
DOE awards $408m to CCS projects
US Department of Energy Secretary Steven Chu announced today that two carbon capture and storage (CCS) projects will receive $408 million in funding from the American Recovery and Reinvestment Act.
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.
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.)
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.