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• Welcome to Carbon Trading Daily

  Thanks for visiting. This website is a combination news aggregator and blog about the global carbon trading market. I plan to bring you all the interesting news I come across so anyone from the novice to the expert can easily follow the growing carbon trading market. Email me with any comments or suggestions at Trevor at Carbon Finace Report dot com.

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  • bt on How will carbon exchanges shake out?

An interesting study to glance at.  500 global companies were surveyed, and there is some good and bad news relating to climate change policies in the data:

73% plan to make energy efficiency a high or moderate priority in the next two years. But 67% predicted climate change will slip down the agenda as the economic crisis continues.

Asked about the impacts of the current economic difficulties on their companies in the next two years, 47% said they would focus more on cutting carbon dioxide emissions and energy usage, in order to cut costs, while 27% said they would focus on creating low carbon products to boost sales.

But 23% said they would reduce focus in this area “because of the more urgent need for financial survival” and 17% plan to postpone efforts until business picks up again. Based on this survey, the banking sector looks most likely to shift attention away from climate change, with 38% of executives saying they plan to reduce their focus.

Source: Environmental Finance

The UK Energy and Environment minister had the following to say on Wed:

“A trading scheme is the right way to go but it is challenging when prices fall to 8 euros a (metric) ton. We need to structure it as best we can to have a proper carbon price.”

Where’s the solution?

For her, Im almost willing to turn a blind eye.  Almost.

Guardian:

Between 23 January and 6 March, Beckham clambered into nine planes in order to fly from Milan to London, from London to LA and back again, to Milan and then back to London, and then to LA (via New York), before returning to London and ending her six-week whirlwind in Milan. And you were complaining about your commute.

So the grand total for this airborne marathon, according to the Energy Savings Trust, is about 13.2 tonnes of CO2, or more than the average Briton emits in a year.

The UK government is planning to auction off four million carbon allowances on March 24th, in its second phase II EU ETS auction.

Reuters:

The auctions will comprise a competitive bidding facility only. The bidding window will open between 0800 GMT and close at 1000 GMT.

In 2009, the U.K. plans to auction a total of 25 million allowances.

At the U.K.’s first auction of E.U. ETS credits Nov. 19, 4 million allowances were sold at a total GBP54 million.

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