Jun
19
Introduction of the ICE Futures ECX EUA and CER Serial Option Contracts
Filed Under Carbon Derivatives, Carbon Futures, Carbon Trading, Certified Emission Reductions (CERs), EUAs | Leave a Comment
Introduction of the ICE Futures ECX EUA and CER Serial Option Contracts (“the Serial Options”) and reduction of
strike price increments to €0.50
ECX and ICE Futures Europe are pleased to announce the introduction of Serial Options for ICE ECX EUA and CER Options, with effect from 10 July 2009. At the same time, the strike price increments for ICE ECX EUA and CER Options will be reduced from €1.00 to €0.50.
The Serial Options have been designed such that additional option contract months will be introduced, all of which will expire into the December Futures contract of the equivalent year. Alongside the December option contracts, which are already listed, the additional option contract months listed will be March, June & September out to the end of the subsequent year. Read more
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
18
Point Carbon Survey Finds 90 Percent Think US Will Introduce A US Emissions Trading Scheme By 2015
Filed Under Carbon Market, Carbon Trading | Leave a Comment
An alarming 60 percent of respondents to a recent carbon market survey, all of whom work within companies with carbon trading operations, report having scaled back, delayed or cancelled carbon credit project investments as a consequence of the economic slowdown, according to Point Carbon, a leading provider of market intelligence, analysis, forecasting and advisory services for the energy and environmental markets.Some 87 percent of the respondents predicted a European Union Allowance (EUA) price of below €25 ($32) in 2010. Illustrating how the downturn has resulted in real reductions in industrial activity, the respondents to the survey also reported a reduced need to buy European Union Allowances (EUAs) in addition to their full credit limit compared to last year’s findings. Indeed, the percentage of respondents reporting they have surplus EUAs to sell is up from 15 percent last year to 24 percent this year. Read more