Mar

26

Recession lowers cost of EU Emissions Trading Scheme by a half

Filed Under Carbon Markets, Carbon Trading, EU ETS | Leave a Comment

According to the latest analysis by New Carbon Finance, lower economic
growth forecasts have reduced the cost of meeting the 20% reduction target
for the EU Emissions Trading Scheme by 2020 by around a half. In fact, the
cost of meeting the 30% reduction target is now less than last year’s
prediction of the cost of meeting the 20% reduction.

The European Emissions Trading Scheme imposes targets for reductions in carbon dioxide
emissions from large installations in the European power and heavy industry sectors. The
European authorities have agreed to emission reduction targets on 1990 emissions by 2020
of either 20% without a collective international agreement on reducing emissions, or 30%
reduction if other major countries follow suit and an international agreement is signed.
In summer 2008, New Carbon Finance ran its model of the European Emissions Trading
Scheme with GDP forecasts available at that time to determine the total cost of complying
with the 20% targets.  Read more

Mar

26

Raritan’s Power IQ Data Center Energy Management Software Goes Global; Tracks and Manages Carbon Trading in Japan

Filed Under Carbon Markets, Carbon Trading, Japan | Leave a Comment

TOKYO and SOMERSET, N.J., March 16 /PRNewswire/ — Raritan today announced that its power management solutions for helping data centers gain better insight on energy usage and costs and in identifying areas for improvement, will be available in other languages and support more currencies. The new release of Raritan’s multi-language analytics software, Power IQ(TM) Energy Management Software, will support efforts in reducing greenhouse gas emissions and data center energy consumption in more countries.

 

Power IQ’s ability to track improvements on energy savings, carbon dioxide emission reductions and other green factors helps companies meet government cap-and-trade mandates and corporate green objectives. Power IQ, for example, is being sold in Japan and other countries to support carbon trading.  Read more

Mar

4

EU stance on UN carbon trade may slow climate talks, IETA says

Filed Under Carbon Markets, Carbon Trading, Clean Development Mechanism, EU ETS, Emissions Trading | Leave a Comment

The European Commission’s stance on United Nations emission trading may hamper negotiation of an international climate agreement because it threatens developing nations, according to a traders’ lobby group.

The phasing out of the UN’s project-based Clean Development Mechanism proposed by the commission, regulator of the world’s biggest carbon market, would cut cash flowing to poorer nations from industrialized countries, the International Emissions Trading Association said on Tuesday in an e-mailed statement. Read more

Mar

3

CER market struggles under depressed prices

Filed Under Cap and Trade, Carbon Markets, Carbon Trading, Certified Emission Reductions (CERs) | Leave a Comment

The prices of Certified Emissions Reductions (CERs) remain depressed below €10, although having lifted above their record lows for now. The price of benchmark Dec 09 CERs in secondary-market exchange trading ended February at €8.81 on the ECX, up €1.50 off its record low two weeks earlier. The Dec 09-Dec 12 strip was around the €9.60 according to Reuters.  Read more

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