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EU ETS proposals could cost 0.5% of GDP
Carbon Yatra  Jan 22 2008 6:45PM UTC

Source: Mumbai (EC) Speaking at a gathering in London, José Manuel Durão Barroso, President of the European Commission, said that the proposed phase 3 EU ETS greenhouse gas emissions scheme could cost 0.5% of GDP (60 billion euros) a year.

EU plans call on Austria to cut CO2 emissions by 16 pct by 2020 - report  Jan 22 2008 9:17AM UTC

VIENNA (Thomson Financial) - Environmental plans being prepared by the EU Commission call on Austria to lower its level of carbon dioxide (CO2) emissions by 16 pct by 2020 compared to 2005 levels, the Austrian press agency APA reported citing

Danish PM attacks forthcoming EU plans on CO2 cuts
AFP via Yahoo!  Jan 22 2008 9:33PM UTC

Danish Prime Minister Anders Fogh Rasmussen insisted on Tuesday that an upcoming EU plan to slash green house gases should not force Europe's richest countries to shoulder the heaviest load.

Germany versus the EU: Merkel Caught between Industry and the Climate
Spiegel Online  Jan 22 2008 11:42AM UTC

Last spring, Chancellor Merkel portrayed herself as the world's foremost fighter against climate change. With the EU set to pass a package of emissions regulations, though, she suddenly finds herself defending German industry.

INTERVIEW-German cartel office to decide E.ON carbon case soon
Reuters UK  Jan 22 2008 12:37PM UTC

BERLIN, Jan 22 (Reuters) - The German cartel office expects to rule soon in its case against utility E.ON (EONG.

Kyoto market

NYSE Euronext, Caisse des Dépôts launch BLUENEXT- a new carbon credits exchange
Carbon Yatra  Jan 22 2008 6:45PM UTC

NYSE Euronext and Caisse des Dépôts have announced the launch of BLUENEXT-the international carbon credits exchange. NYSE Euronext holds a 60% interest while the remaining 40% is held by Caisse des Dépôts.

Swiss Re Opens Emissions Desk in London: Recent Growth in Carbon Emissions Markets Spurs New Operations
Calibre Macro World  Jan 22 2008 6:01PM UTC

PM NEW YORK, Jan. 22 /PRNewswire/ -- Swiss Re, the world's leading and most diversified global reinsurer, today announced it has moved its carbon emissions desk from New York to London and hired additional staff to accommodate recent growth in the

MCX carbon futures trading offers much needed protection to CER sellers
Carbon Yatra  Jan 22 2008 6:23PM UTC

MCX has launched the mini-sized versions of the European Climate Exchange (ECX) Carbon Financial Instruments (CFI) Mini or ECX CFI Mini, in which the underlying unit of trading are EU allowances (EUAs) of carbon dioxide (CO2). EUA contracts differ

Global warming: French carbon emissions sharply lower in 2006
Yahoo! UK and Ireland  Jan 23 2008 1:36AM UTC

pm PARIS (AFP) - French greenhouse gas emissions fell sharply in 2006, helped by a warmer fall, leaving the country well on course to meet its goals under the UN's Kyoto Protocol, France's ecology minister said Tuesday.

EU Must Control Kyoto Offsets from 2013-20 - Report
Planet Ark  Jan 23 2008 1:24AM UTC

BRUSSELS - The European Union should restrict the availability to heavy industry of cheap carbon offsets to 1.4 billion tonnes from 2008-2020, to meet its greenhouse gas emissions goals, a confidential EU document said.


Fortum to develop carbon capture system for Finnish coal plant
Power Engineering  Jan 22 2008 10:13AM UTC

- Fortum and Teollisuuden Voima have launched a project at the Meri-Pori power plant in Finland to develop a CO2 capture system.

UAE Carbon Storage to Cost US$2-$3 Bln - SNC Lavalin
Planet Ark  Jan 23 2008 1:26AM UTC

ABU DHABI - A plan to build a carbon capture and storage (CCS) network to reduce emissions and boost the UAE's oil output would cost between US$2 billion and US$3 billion, an executive of Canada's SNC-Lavalin said on Tuesday.


UK Government: Severn tidal power study could unlock massive renewable potential
Calibre Macro World  Jan 22 2008 2:54PM UTC

AM The massive potential for tidal power from the Severn Estuary to provide low carbon, renewable electricity was highlighted today by Energy Secretary, John Hutton, with the publication of the terms of reference for the Government's feasibility

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Copyright 2007 (c) New Energy Finance Limited. Carbon Market Headlines is a free service provided as a courtesy by New Carbon Finance, a Division of New Energy Finance for the personal use of those interested in tracking developments in the world’s carbon markets. New Carbon Finance and New Energy Finance Limited select articles from publicly available sources they believe to have reasonable editorial standards, but take no responsibility for the accuracy or comprehensiveness of any articles. Articles to which the headlines refer are not written by, nor do they represent the views of, New Carbon Finance or New Energy Finance. New Carbon Finance and New Energy Finance Limited are not registered investment advisers, and are not regulated under the UK Financial Services Act. Under no circumstances shall any of the information provided herein be construed as a buy or sell recommendation, or investment advice of any kind. New Carbon Finance Market Headlines is a service mark of New Energy Finance Limited.