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Newsflash

China to have world's 2nd largest carbon trading scheme by 2014

24th January, 2013

China will have the world's second largest carbon trading scheme by 2014, or twice as big as Australia's regime, a latest report showed Thursday.

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Carbon price of $29 'not implausible', says Blair Comley

20th January, 2013

THE head of the federal climate change department says it is "not implausible" the European carbon price could rise to $29 a tonne by mid-2015, when Australia's emissions trading scheme begins.

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European Commission Resolves Internal Carbon Market Disagreement

6th October, 2011

The European Commission has resolved an internal dispute over new energy efficiency regulations that threatened to undermine the EU carbon market.

The European Commission’s energy department showed that the energy efficiency directive may cause negative effects on the EU Emissions Trading Scheme (ETS), dampening its main tool to combat carbon emissions.

The new energy efficiency regulation was expected to be effective in cutting carbon emissions to reduce demand for emission permits, resulting in lower prices. The analysis indicates that the carbon price would fall between zero and 14 Euros a tonne in 2020 from the business-as-usual price of €25/t.

An EU source said that the European Commission has solved that dispute earlier in the week by agreeing to monitor the impact on the ETS to ensure it continues to reward low-carbon investments.