Today's Carbon Market Headlines, compiled and delivered by New Carbon Finance, the leading provider of analysis and research for the global carbon markets.

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Europe

ANALYSIS: Coal has replaced CO2 as main German power price driver
Platts  May 12 2008 7:02PM UTC

The fundamental price driver for the German forward curve, especially year-ahead, over the past year has shifted away from emissions to coal, according to a survey of traders and analysts by Platts.
Green Energy UK unveils two new tariffs
BusinessGreen  May 13 2008 2:40AM UTC

UK clean energy provider has today launched two new tariffs designed to allow customers to distinguish between genuinely zero carbon energy and low carbon energy from biomass or combined heat and power (CHP) generators.
Kyoto market

2,000 CDM projects in pipeline facing 2-year delay for accreditation: World Bank
Carbon Yatra  May 13 2008 2:40AM UTC

CDM projects in pipeline facing 2-year delay for accreditation: World Bank Date: May 13, 2008 Source: Mumbai (World Bank) As climate change concerns rose globally in 2007, a pioneering market-based effort to regulate and reduce greenhouse gases had
Thailand expects 100 CO2 certification projects
The EarthTimes  May 13 2008 9:08AM UTC

Bangkok - Thailand-based companies are expected to propose about 100 carbon dioxide (CO2) reduction projects for certification under the Kyoto Protocol's clean development mechanism this year, media reports said on Tuesday.
White paper seeks more forest thinning operations to cut CO2 emissions+
Macro World Investor  May 13 2008 1:20AM UTC

TOKYO, May 13-(Kyodo), A white paper on Japan's forestry industry released Tuesday recommended the government accelerate forest thinning operations to help the country achieve a greenhouse gas reduction goal under the Kyoto Protocol.
North America market

UPDATE 1-McCain pledges to combat climate change
Reuters UK  May 12 2008 10:34PM UTC

PORTLAND, Ore., May 12 (Reuters) - Republican John McCain, differing sharply with President George W. Bush, said on Monday he would pursue mandatory U.S. curbs on greenhouse gas emissions if he wins the White House in November.
Democratic candidates play up 'clean coal'
Reuters  May 12 2008 8:40PM UTC

CLEAR FORK, West Virginia (Reuters) - Both Hillary Clinton and Barack Obama are talking more about 'clean coal' and less about global warming as they woo voters in West Virginia and Kentucky -- two states that sit at the heart of the nation's coal
Post 2012

Top Japanese official in carbon cap backtrack
AFP via Yahoo!  May 12 2008 1:51PM UTC

A senior Japanese official on Monday criticised calls to introduce a cap-and-trade plan for greenhouse gas emissions, saying that the country's own 'sectoral' approach was gaining support.
CCS

StatoilHydro stumbles in sprint for Arctic energy riches
Yahoo! Canada  May 13 2008 3:44AM UTC

MELKOEYA, Norway (AFP) - When Norwegian energy giant StatoilHydro fired up the world's northernmost liquefied natural gas plant here last year it was hailed as an industry pioneer. But turning Arctic gas into gold has proven anything but simple.
DJ BP, Rio Tinto Cancel Australian Carbon Capture Plan -Report
TradingMarkets  May 13 2008 7:30AM UTC

- -- BP PLC (BP) and Rio Tinto PLC (RIO.LN) have abandoned plans to build a carbon capture and storage plant in Australia, U.K. newspaper the Financial Times reports Tuesday.
Other

World CO2 levels highest for 650,000 yrs
Economictimes  May 13 2008 7:56AM UTC

LONDON: Scientists have warned that climate change could soon begin to get out of control, with concentration of carbon dioxide in the atmosphere touching a record high.

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Copyright 2008 (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.