Britain’s tax authority will introduce reverse value-added tax (VAT) charges relating to carbon emissions trading from November 1, replacing a zero tax rate implemented last year to prevent fraud. Read more…
The CRC Energy Efficiency Scheme (CRC) is a mandatory cap-and-trade scheme that aims to improve energy efficiency and reduce the amount of carbon dioxide emitted by qualifying UK businesses and public sector bodies. Unlike other emissions trading schemes, including the EU ETS, the CRC targets organisations rather than sites or installations. Read more…
European Union governments on Wednesday unanimously agreed detailed rules for auctioning carbon permits in the third phase of the bloc’s Emissions Trading Scheme from 2013, the EU executive said in a statement. Read more…
The U.K. needs a “meaningful carbon price” to underpin investment in cleaner energy, the Cabinet minister in charge of energy said. Read more…
Subsidising the purchase of wood for incineration and encouraging demand for UK sourced wood for large-scale power generators could result in an increase in carbon emissions and harm other sectors, according to the wood panel industry. Read more…
The Scottish Government has revealed plans to invest £7.7 million in low carbon and electric transport, including a £4.3 million initiative for Scotland’s public services and £3.4 million green bus scheme. Read more…
Governments and industry should boost efforts to deploy carbon capture and storage projects that reduce emissions of the greenhouse gas and help fight global warming, the International Energy Agency said in a report. Read more…
The majority of EU environment ministers lent their support on Friday (11 June) for deeper CO2 cuts later this year, with several, including France’s Jean-Louis Borloo, speaking strongly in favour. Italy’s minister, however, said the move was not backed by Rome. Read more…
American aviation sector accused of using ‘every trick in the book’ to block the European Union’s efforts to reduce carbon emissions Read more…
A funny thing has happened to carbon dioxide prices in the past few days: they have failed to collapse. Read more…