Spurned Chinese developers blast U.N. CO2 rulings

According to Reuters, “Developers behind the 19 Chinese wind and hydropower projects rejected by a U.N.-backed clean energy investment panel have accused the board in charge of making arbitrary and non-transparent rule changes. Most said they had no choice but to reapply to try to earn internationally tradeable carbon offsets they said were needed to [...]

Secretary Chu Announces Initiatives to Promote Clean Energy at First Clean Energy Ministerial

According to the press release, “At the world’s first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives.  These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access [...]

Secretary Chu Announces Nearly $1 Billion Public-Private Investment in Industrial Carbon Capture and Storage

According to the press release, “U.S. Energy Secretary Steven Chu today announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act – matched by $368 million in private funding – to demonstrate large-scale carbon capture and storage from industrial sources. The projects – located in [...]

Thomson Reuters agrees to acquire Point Carbon A/S

According to the press release, “Thomson Reuters today announced that it has agreed to acquire Point Carbon A/S, a Norwegian-based leading provider of essential trading analytics, news and content for the energy and environmental markets. This acquisition strengthens Thomson Reuters offerings to the energy sector through the combination of Point Carbon’s critical insight, market fundamentals [...]

France seeks tighter regulation of CO2 market

According to Reuters, “A French government report on Monday urged tighter regulation of the fast-growing carbon dioxide (CO2) emissions trading market, which has suffered from exploitation of legal loopholes and illegal sales practices. France’s finance ministry commissioned Michel Prada, former head of the country’s AMF stock market watchdog, to publish a report on the CO2 [...]

Forest carbon incentive rules need time, definition

According to Reuters, “Talks to define a mechanism for global forest protection should not be rushed if it is to work efficiently and fairly, a panel of experts said on Tuesday. Talks began in Paris last month to define an interim and global architecture for a financial incentive scheme to reduce emissions from deforestation and [...]

Hopes for $2 trillion global carbon market fade

According to Reuters, “Investors are becoming less convinced that a global carbon market, estimated to be worth about $2 trillion by the end of the decade, can be established as uncertainty over global climate policy persists. The absence of legally binding global climate deal and a federal emissions trading scheme in the United States are [...]

U.S. carbon market growth seen without climate bill

According to Reuters, “Voluntary carbon markets in the United States will grow especially at the regional level even if a stalled federal climate bill fails to impose “cap and trade” on American industry, the chairman of the Chicago Climate Exchange (CCX) said on Tuesday. “I think we will continue to see interest in voluntary carbon [...]

France to propose new carbon tax: minister

According to Reuters, “The French Constitutional Council annulled the tax, hailed by President Nicolas Sarkozy as a ground-breaking tool to fight climate change, on Tuesday on the grounds that it offered too many exemptions. After the Constitutional Council complained that some 93 percent of industrial emissions were exempt from the tax, Lagarde told French radio [...]

Carbon will mature as inflation hedge

According to Reuters, “The $126 billion global carbon market will mature so that investors will use it as a hedge against equities and inflation, Bache Commodities Ltd.’s emissions trading head told Reuters in an interview. Crude oil or gold have often been used to hedge against inflation risk or equities, as investors believe they can [...]

Carbon Acquisition Company Ltd to acquire Ecosecurities Group Plc

According to the Press Release, “Carbon Acquisition Company Ltd’s, a wholly-owned indirect subsidiary of J.P. Morgan (NYSE: JPM) £1.05 a share offer to acquire EcoSecurities Group Plc (EcoSecurities) (LSE: ECO), a leading company in the business of sourcing, developing and trading emission reduction credits, has become wholly unconditional. Carbon Acquisition Company expects to complete the [...]

Carbon capture coal tech must be ready by 2019: U.S.

According to Reuters, “A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Coal is the world’s single biggest source of carbon emissions, at 40 percent. Other sources included burning oil and natural gas, and deforestation [...]

Sierra Pacific Industries and Equator Announce Largest U.S. Forest Carbon Transaction to Date

According to the Press Release on 9/30/2009, “California’s largest private landowner – Sierra Pacific Industries, and Equator, LLC, a natural resources asset management firm, announced today that they have entered into the nation’s single largest precompliance forest carbon transaction to date. The transaction will consist of a series of projects focused on developing compliance‐ready carbon [...]