COWS will continue to graze in a paddock north of Port Fairy in Victoria for the next few years – just one of the consequences of the postponement of the federal government’s carbon trading scheme. Read more…
A new technology to capture and store underground the greenhouse gases emitted by power and industrial plants won’t be profitable at least until after 2030 because the price of carbon dioxide will be too low to encourage the investment, the European Commission says in a draft report. Read more…
Prices for the carbon permits called EU Allowances (EUAs) fell five percent to around 13.60 euros ($19.59) a tonne. Read more…
Societe Generale/orbeo raised its carbon price forecasts for 2010 and beyond on Friday as economic recovery should spur industrial companies to stock up on carbon permits rather than sell them. Read more…
First, came the credit crunch and recession. Now there is a carbon price slump that may undermine one of the main ways governments have chosen to combat global warming. Read more…
The World Bank and other development banks will support the flagging carbon markets to prevent a slump in greenhouse-gas reduction projects and protect the climate, according to a former senior executive at the World Bank. Read more…
Fears that the global economic slowdown will hobble efforts to fund a green transformation of energy systems seem to be well founded. Read more…
The price of permits to emit carbon dioxide CFI2Z9 in the European Union hit a record low on Monday for the second trading period of the bloc’s emissions trading scheme from 2008-12. Read more…
The best way to start addressing climate change is to yank subsidies from fossil fuels and put a price on carbon dioxide emissions from them. Read more…