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EU ETS

EU CO2 targets will hit forestries: report
Reuters  Jan 28 2008 3:52PM UTC

(Reuters) - European forestries would pay dearly under a European Union proposal to overhaul from 2013 its Emission Trading Scheme, which allocates a fixed quota of emissions permits to heavy industry, a research institute said.
Oil and turmoil, but long term bullish signal for EUA: So Gen
Carbon Yatra  Jan 28 2008 11:59PM UTC

Societe Generale has issued the following report on the carbon market. It is an understatement to say that last week has been particularly agitated. Having begun the week above Euro22 /t, Dec08 EUA plunged below Euro20 on 24 January.
Kyoto market

UPDATE 1-Russian govt clears way for carbon credit sales
Reuters UK  Jan 29 2008 8:59AM UTC

MOSCOW, Jan 29 (Reuters) - Russia's government on Tuesday approved the legal framework for Joint Implementation projects under the Kyoto agreement, allowing businesses to earn and trade credits for trapping greenhouse gases.
Norway Budgets 500m Euros for Climate Change
AllAfrica.com  Jan 29 2008 10:34AM UTC

Norwegian ambassador to Nigeria, Tore Nedrebo, has said the government of Norway has budgeted the sum of 500 million euros to tackle climate change through reducing carbon dioxide emissions.
Carbon trade: MCX looks for custodian
Times of India  Jan 28 2008 8:59PM UTC

MUMBAI: After kick-starting futures trading in carbon - the first in Asia - Multi Commodity Exchange of India (MCX) has initiated talks with foreign banks and other players with MNCs presence to set up custodian services for delivery of carbon credits.
North America market

Canadian provinces eye carbon-trading plan
Reuters UK  Jan 30 2008 12:19AM UTC

VANCOUVER, British Columbia, Jan 29 (Reuters) - Many of Canada provinces are pursuing a carbon-trading plan to fight climate change, saying on Tuesday it was inevitable the country would adopt a such system, even if the current federal government is
Bush to Commit US$2 Billion to Climate Change Fund
Planet Ark  Jan 29 2008 10:48PM UTC

WASHINGTON - The United States will commit US$2 billion over the next three years to a new international fund to promote clean energy technologies and fight climate change, President George W. Bush told Congress on Monday in his annual State of the
U.S. Senator supports measure to establish federal oversight for new US carbon emissions trading market
Carbon Yatra  Jan 28 2008 3:19PM UTC

U.S. Senator Olympia Snowe (R-Maine) has announced her support for a measure sponsored by Senator Dianne Feinstein (D-Calif.) to establish federal oversight for new carbon emissions trading markets.
Voluntary market

EDP's Energias do Brasil sells Germany's 3C Markets 1.5 mln reals of CO2 credits
Forbes.com  Jan 29 2008 9:40AM UTC

SBON (Thomson Financial) - EDP Energias de Portugal SA's 62-pct owned Brazilian unit Energias do Brasil said it sold 1.5 mln reals (about 571 mln eur) or 122,000 tonnes of carbon dioxide credits to German company 3C Markets AG.
CCS

HTC Purenergy to Launch, New CO2 Capture System in Alberta
Yahoo! Canada  Jan 29 2008 5:59PM UTC

CALGARY, ALBERTA--(Marketwire - Jan.
Other

Air France vows to cut emission by up to a fifth
BusinessGreen  Jan 29 2008 7:18PM UTC

Air France KLM becomes latest carrier to unveil environmental plans, including commitment to support aviation's inclusion in Europe's emissions trading scheme European airline group Air France KLM has confirmed the introduction of a major programme of
High oil prices boost energy efficiency -report
Reuters UK  Jan 29 2008 2:50PM UTC

LONDON, Jan 29 (Reuters) - High oil prices have spurred countries to use energy more efficiently, a report by an energy industry group said, but the authors say concerted government action is still needed to encourage less waste.

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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.