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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
Carbon trading links between S. Korea, EU possible in decade: British minister

SEOUL, May 16 (Yonhap) -- A deputy minister in Britain's Foreign Office said Wednesday he expects carbon trading markets between South Korea and the European Union to be linked within the next decade, hailing Seoul's recent approval of an emissions trading scheme.

 
Mercuria strikes deal to buy 1.6 mln African CO2 credits

5th May 2012

Swiss-based trading house Mercuria has signed a deal to buy 1.6 million post-2012 carbon credits from a 40-MW biomass plant in the Ivory Coast for an undisclosed price, according to a statement by brokers ecosur Afrique.

 
U.K. Energy Policy May Fail to Meet Carbon Goals, IEA Says

30 May 2012

The U.K.’s energy policies may fail to deliver nuclear power and renewables needed for the nation to meet its goals for reducing greenhouse gases, the International Energy Agency said.

Britain’s new electricity generation capacity is coming mainly from natural gas fired plants, the Paris-based agency, which advises 28 nations, said today in a report. The government should spur an “efficient mix of new, cleaner generation, more efficient use of existing infrastructure and more flexible demand,” the IEA said.
IEA's Van Der Hoeven on U.K. Energy Policy

 
Shanghai bank eyes carbon market

5th May 2012

Shanghai-listed Pudong Development Bank has signed a strategic deal with a local carbon exchange, aiming to development financial products targeted at companies to be regulated by the city’s new emissions trading scheme next year.

 
JP Morgan China chief urges Beijing to scale up CO2 trade

2nd May 2012

The CEO of JP Morgan in China has proposed the country should speed up the introduction of a nationwide emissions trading scheme in order to have a say in the way global carbon market develop.

 
Guangdong switches exchange for new CO2 market

2nd May 2012

China’s Guangdong province has made the Guangzhou Exchange Service Group (GZESG) its favoured trading platform for its pilot emissions trading scheme, replacing the Southern United Asset and Equity Exchange.

 
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