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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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News
California a Step Closer to Carbon Cap and Trade

26th July 2012

The California Air Resources Board (CARB) has reached a crucial, if forbiddingly wonky, milestone in its implementation of the state's Cap and Trade program for carbon dioxide.

 

 
Carbon credit program launched in Shanghai

1st August 2012

Shanghai municipal government issued guidelines for a pilot carbon trade market that will allow companies to buy and sell carbon credits.

 

 
California's Carbon Caps are Contentious but Coming

31st July 2012

November marks a big date. It’s not just about a presidential election. It’s also about the kick off to California’s cap-and-trade system to limit carbon emissions.

The Golden State, in fact, will be operating what will become the world’s second largest cap-and-trade program, next to the one run in Europe. It is also getting established at a time when similar congressional attempts to curb greenhouse gas emissions have come to a screeching halt. So, why now and what does it portend for any American revival of such a movement?

 
Brazil's economists predict 'huge' growth of carbon markets

11 May 2012

Director of Brazil's leading green economy university says cap-and-trade will be key to driving down deforestation.

Brazil's new carbon market could experience "huge" growth in the next eight years, as the government seeks to curb emissions from deforestation and industry.

 

 
Floor price of carbon is 'key' to package

6th July 2012

A LEADING climate-change scientist who helped to design the Gillard government's carbon price regime says a floor price is a key part of the package.

It's been reported the government is considering scrapping the $15-a-tonne floor price that is scheduled to underpin the shift from Labor's carbon tax to an emissions trading scheme (ETS) in mid-2015.

 
Qantas signs 5-year deal on carbon offsets

25th July 2012

Australian airline Qantas has signed a deal to buy up to 1.5 million offset credits over five years to meet part of its liabilities under Australia's carbon pricing scheme and offer voluntary offsets to passengers.

The offsets will be generated from managing Henbury Station, a 500,000 acre natural landscape in the Northern Territory, in which owners R.M. Williams hope to store up to 1.5 million tonnes of carbon dioxide equivalent per year.

 
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