I have good news and bad news, but no carbon news.

The Good…

I have launched USCarbonReport.com, a news site dedicated to the current and future US carbon markets.  For those of you who read my other site, Carbon Finance Report, you’ll recall that I mentioned a website I was planning that I was pretty excited about - it was US Carbon Report.  The US site will probably get most of my attention, and will probably blog once or twice a week on Carbon Finance Report.

The Bad…

I wont have time for this site for a while, so its been put on hold indefinately.  Ultimately, I feel I can add the most value by following the US carbon markets, and hopefully many of you will agree.

Bloomberg has an article about Obama’s plans to move fast on his climate change initiatives once he takes office in January 2009.  This is the most detailed report Ive seen yet on what his initial strategy will be.

Blurb:

President-elect Barack Obama will act quickly on a campaign promise to address climate change upon taking office in January, his environment adviser said.  Read more

The Wall Street Journal has a nice overview of China’ progression toward a national carbon cap and trade scheme.  It sounds like it is still in its infancy, but the government is giving encouragement and large Chinese investors are also taking an interest.

The efforts of the American College & University Presidents’ Climate Commitment (ACUPCC) to set clear and rigorous standards for the carbon offset market will drive the market toward higher standards.

The leaders of more than 590 of America’s top colleges and universities today announced the adoption of a protocol to guide the institutions when buying offsets on carbon markets as they work toward greenhouse-gas neutrality. As the largest sector committed to carbon neutrality, the protocol adopted by the American College & University Presidents’ Climate Commitment (ACUPCC) is expected to drive the carbon market toward higher standards.

Carbon offset markets are relatively new, unregulated and often confusing. The Presidents’ Climate Commitment saw a need for clear, rigorous standards to identify high-quality offsets, which are an important adjunct to programs to reduce, avoid and eliminate greenhouse-gas emissions.  Read more

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