The first New Energy Finance Summit and Awards takes place in London on 28/29 February.

Tickets are going fast, so make sure not to miss out on what is set to be a great event.

We are pleased to invite suppliers to the Voluntary Carbon Market to participate in our survey for our forthcoming free report “State of the Voluntary Carbon Market 2007”.

EU ETS

Fortum Announces 89% CO2-Free Generation in 2007
Red Orbit  Feb 12 2008 3:45AM UTC

Finnish energy firm Fortum has announced that 89% of its generated electricity was free of CO2 emissions and that renewables accounted for 40% of the electricity generated in 2007. Fortum stated that CO2 emissions from its own power plants totaled 10.
Kyoto market

IFC to buy 550,000 carbon credits from JI projects in Ukraine
Carbon Yatra  Feb 12 2008 4:09AM UTC

IFC, a member of the World Bank Group, and ING Bank N.V. of the Netherlands have signed an agreement to help reduce methane emissions in Ukraine.
ENDESA to buy 5 million CERs from China
Carbon Yatra  Feb 12 2008 4:09AM UTC

ENDESA, the Spanish power company, has agreed to purchase 100% of the certified reductions in greenhouse gas emissions through to 2012 in three projects to be carried out at the Chinese company Jiangsu Shagang, which will involve cutting CO2 emissions
UAE approves 5 CDM projects in the oil and gas sector
Carbon Yatra  Feb 11 2008 5:18PM UTC

The United Arab Emirates' Designated National Authority (DNA) for the Clean Development Mechanism (CDM) has approved five CDM projects in the oil and gas sector. The approved CDM projects have been developed by Masdar.
Suryachakra Power to sell CERs at Euro 10.5 per credit
Carbon Yatra  Feb 11 2008 1:05PM UTC

Suryachakra Power Corporation Ltd has announced that their subsidiary company, South Asian Agro industries Ltd has been registered with UNFCCC for availing carbon credits under Clean Development Mechanism, which is expected to contribute towards the
North America market

Kan.: Senate Panel Tweaks Energy Bill
International Business Times  Feb 12 2008 5:03AM UTC

TOPEKA, Kan. (AP) - The Senate Utilities Committee on Monday endorsed a stripped-down version of an energy bill that would allow two-coal power plants in western Kansas but remove proposed rules on carbon dioxide emissions.
New York mayor supports carbon emissions tax, reduces hardwood use
Earthtimes.org  Feb 11 2008 5:23PM UTC

New York - New York Mayor Michael Bloomberg on Monday urged the United States, the world's biggest polluter, to lead the fight against climate change by enacting a tax on carbon emissions blamed for global warming.
Carbon Tax Proposed in California
Red Herring  Feb 12 2008 12:23AM UTC

Businesses in the San Francisco Bay Area could face the state's first tax on greenhouse gas emissions if a proposal by the region's air quality agency passes in May.
Voluntary market

NY Company Buys First Californian Forest Carbon Credits
Planet Ark  Feb 12 2008 2:33AM UTC

NEW YORK - US carbon asset manager Natsource LLC said on Monday it has invested in the first forest-based greenhouse gas emissions reductions under California rules.
Abbott joins carbon trading exchange
Carbon Yatra  Feb 12 2008 4:10AM UTC

Abbott, the global health care company, has become a member of the Chicago Climate Exchange (CCX), the world?s first and North America?s only voluntary, legally binding integrated greenhouse gas emissions reduction, registry and trading system.
Other

UN Climate Fund Seen Fed By More Sources
Planet Ark  Feb 12 2008 2:33AM UTC

UNITED NATIONS - A fund to help poor countries adapt to consequences of climate change such as rising seas and searing temperatures could soon be enriched by more sources, the UN's top climate change official said on Monday.

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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.