Browsing All posts tagged under »EU-ETS«

EU to meet Kyoto targets – Will it accept CDM/JI credits post 2012?

October 24, 2011 by

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As per the latest report from ‘Progress towards Achieving the Kyoto Objectives’, the European Union is on track to meet its Kyoto Protocol emissions reduction targets despite an increase in greenhouse gas emissions in 2010. Report illustrates that; Overall emissions of the 27 EU countries in 2010 were 15.5%   below the 1990 level (most EU […]

GreenX CERs for Phase Three of the EU ETS

June 9, 2011 by

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On Wednesday, Carbon bourse GreenX launched a secondary CER contract that can be delivered in 2011 and 2012 and will be compliant for use with phase three of the EU emission trading scheme (ETS). These “green” certified emissions reductions certificated will be offered by the exchange for the period of 2011 and 2012, meaning that […]

Local Carbon Markets Set to Become More Attractive to Investors

May 25, 2011 by

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As the Kyoto protocol nears its term end, there has been a lot of speculation over where the global carbon market will stand. International meetings like the Cancum(Mexico) summit in December 2010 and the April 2011 talks in Bangkok (Thailand), demonstrated that the global consensus on  the Kyoto carbon mechanism is breaking down. The failure […]

Europe: EU’s strategies to reach the “20-20-20 Targets”

May 4, 2011 by

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The objectives set by the current climate change legal framework of the European Union (EU) aims at achieving three targets (“20-20-20 targets”) by 2020. These targets are; A 20% reduction of green house gas emissions compared to 1990 levels A 20% reduction in primary energy use – based on projected levels – through improved energy […]

CO2 emission limits for airlines under EU ETS

April 6, 2011 by

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As we had earlier mentioned, starting 1 January 2012, aviation sector will be included in the European Emissions Trading Scheme (EU ETS), EU’s mandatory cap-and-trade system for reduction of GHG emissions. Similar to industrial installations included in the EU ETS, more than 4,000 European and international aircraft operators will come under the EU-ETS. Airline operators […]

Understanding the EU-ETS

January 25, 2011 by

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Overview The European Union Emission Trading System (EU-ETS) is the largest emissions trading scheme in the world and also a first cap and trade system[1] of CO2started in 2005. Formerly the tradable emission allowances were first used under the United States’ Acid Rain Program, the world’s first cap and trade program. The program, which began in 1995, addresses Sulphur dioxide […]

When would Australia put a price on carbon?

January 25, 2011 by

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The Vivid Economics report measured the six countries’ environmental performances by pitting their respective climate change policies to their indirect pricing policies such as pollution price tag, subsidies and regulations which is then gauged in dollars per tonne of carbon pollution. Australia’s performance was better than only South Korea when compared to its major trading […]