Carbon prices at all time low as of - 09 Feb 2009
Carbon price close to record low as European sell-off continues
Experts predict €10 EUAs could represent good deal for long-term investors
The price of carbon allowance in the EU emissions trading scheme (ETS) was at close to record lows in trading this morning as weak energy commodity prices and a continued sell-off of allowances from heavy industry continued to drive down the price.
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Carbon credits - what they do for usP. T. Barnum is attributed with saying "There's a sucker born every minute" although, he, as the source of this quote is in dispute. Were he alive today, I suspect he would abandon the circus business and jump into carbon credits and carbon trading.
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...market makes mega-pollution cheap
Europe's system to edge up the cost of emissions and boost green energy has backfired. There isn't much time to rescue it
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Stimulus Plans to foil Climate Change ProgramsEconomic stimulus plans being rolled out across the world could commit countries to rapid growth in greenhouse gas emissions, cancelling some of the green initiatives included within them, analysis has found.
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The free market has got us into this mess, and the free market will get us out of it.
This nonsensical idea is at the heart of all carbon trading measures, the Rudd government’s Carbon Pollution Reduction Scheme (CPRS) included.
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Carbon trading activity doubles over year in spite of price fallsThe carbon market showed a remarkable growth spurt in the first quarter of this year, with trading volumes up 37 per cent, new data show. Trading was driven by price volatility and companies selling carbon permits to raise short-term cash.
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REDD carbon trading - the next bluff of finance markets?LONDON/NUSA DUA, Indonesia (Reuters) - It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.
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Britain’s faith in carbon trading as a way of reducing greenhouse gases could be dangerously misplaced, according to an independent academic working with the Department of Energy and Climate Change.
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UK kicks Climate debate in front of CopenhagenGordon Brown puts $100bn price tag on climate adaptation. Prime minister attempts to move stalling political talks on global warming away from targets and towards the cost of mitigation.
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Understanding carbon offsets
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World Bank approves first REDD r-PlansJune 30, 2009: The World Bank has approved the readiness plans (R-Plans) for Guyana and Panama, opening the way for both countries to tap grants of up to US$3.6 million for preserving their forests.
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Carbon Cap and Trade - green gambling?You've heard of credit default swaps and subprime mortgages. Are carbon default swaps and subprime offsets next? If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.
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Voluntary carbon markets - be advised to carefully choose your credits!PORT MORESBY, Jul 30, 2009 (AsiaPulse via COMTEX) -- The pristine forests of Papua New Guinea could be worth billions of dollars a year in carbon trading but potentially lucrative projects are on hold amid court orders and a government investigation.
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Just think about forests and carbon markets...How much pollution can a tree absorb? The question is at the center of a high-stakes fight over how much it will cost to curb climate change -- and who will foot the bill.
Trees are nature's antidote to smokestacks and tailpipes. Factories and cars cough out carbon dioxide, a greenhouse gas produced when fossil fuel is burned. Trees inhale it. They store the carbon in their roots, trunks and leaves, and they send the oxygen back into the air.
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Brazil still against REDD - but not against fighting deforestation...While committed to stopping deforestation, Brazil sees a carbon trading scheme as the wrong way to proceed. On climate change mitigation, it wants commitments to reflect historic emissions.A scheme that would allow developed nations to gain carbon credits by supporting forest conservation is on the agenda of the UN conference in Copenhagen this December, but the home country of the Amazon, the world’s largest forest, now turns its thumb down.
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FEATURE-Carbon traders bet on California redwoods GARCIA RIVER FOREST, Calif., Aug 21 (Reuters) - A stand of young redwoods, survivors in what was once a magnificent forest of towering giants, could play a small part of the battle to slow global warming -- and forms part of an emerging market.
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Carbon Trading Scheme Pushing People off Their LandMOUNT ELGON, Uganda, Aug 31 (IPS) - With the world’s attention focused on climate change, one of the methods suggested to reduce global carbon emissions is causing the displacement of indigenous persons as western companies rush to invest in tree-planting projects in developing countries.
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Opponents have always maintained offset of carbon emissions like this...
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For heaven's sake - Investment Banks jump into carbon trading markets!Mark Tercek left Goldman Sachs after a long and successful career midway through 2008, just before the global financial meltdown. Good timing, except that Tercek moved on to become the president and CEO of The Nature Conservancy, the world’s biggest environmental organization, as the global climate crisis is intensifying.
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UN strips SGS UK of accreditation for carbon project certificationThe legitimacy of the $100 billion (£60 billion) carbon-trading market has been called into question after the world’s largest auditor of clean-energy projects was suspended by United Nations inspectors.
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Voluntary carbon credits go globalHaving overcome various technical problems, the regional markets for voluntary carbon credits are now united. Traders are hoping for a future US scheme to enlarge the market.
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So what - is carbon trading working or not?
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Faulty systems at the Bank's Forest Carbon Partnership FacilityAs the Bank seeks to position itself as the vehicle of choice for future climate finance, the experience of the Forest Carbon Partnership Facility (FCPF) calls its competence into question.
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Voluntary Carbon Markets for dummiesLONDON (Reuters) - Buyers of offsets in the global voluntary carbon market are showing increased interest in so-called exotic and U.S. credits, market players said on Wednesday.
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Forestry's Growing Role in Carbon FinanceOne of the bright spots at the Copenhagen climate change summit could be the establishment of a scheme to protect forests and their carbon-absorbing capacity
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New model for climate funding - The Mexican-Norwegian Proposal Norway and Mexico launch a joint model to provide predictable funding for climate actions in developing countries, starting in 2013.
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Carbon trading situation at Q4/2009The agreement achieved at the Copenhagen climate summit leaves business leaders around the world close to where they began, facing uncertainty about how environmental policy will affect their costs and decisions about investments.
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Do they think we are all idiots?
Falling carbon price could result in higher bills, energy firms warn
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Issue date: Thu Jan 14, 2010 12:35pm EST Forest CO2 markets are in balanceLONDON (Reuters) - The global market for carbon offsets from planting trees and preserving forests, worth nearly $150 million to date, could stall without a U.S. climate bill or a successor pact to the Kyoto Protocol, a report said on Thursday.
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Issue date: Saturday, January 16, 2010 Guyana government has sought the immediate removal of Bulkan from the World Bank's TAPThe Guyana government has expressed its concerns to the World Bank Forest Carbon Partnership Facility about a Suriname map that includes part of Guyanas sovereign territory and has deemed it an “ unprovoked insult.” The map was part of a presentation at a forum of the World Bank [probably the Participants Committee of the World Bank’s Forest Carbon Partnership Facility, 26-28 October 2010, agenda item PC4].
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Soil contributes to climate warming more than expected - Finnish research shows a flaw in climate modelsFinnish Environment Institute, Finnish Forest Research Institute and the Dating Laboratory of the Finnish Museum of Natural History at the University of Helsinki
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Issue date: Friday, February 26, 2010 Conservation projects displace localsSeveral years ago three U.S. companies sank millions of dollars into a forest reserve in southern Brazil to earn credits to cover some of their carbon emissions back in America. How does the scheme work on the ground? Michael Montgomery reports in collaboration with Mark Schapiro.
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Issue date: Thursday, February 25, 2010 Calculating the value of carbon in treesDelegates at the global climate summit failed to figure out a way to stop the destruction of the world's forests. But some lawmakers think they have a solution, and it relies on financing from some of America's biggest polluters.
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Issue date: Thursday, 25 February 2010 New Zealand leads on forest carbonWhile cap-and-trade legislation stalls in the US and Australia, Copenhagen’s limited progress holds back REDD, and the inflexibilities of the Kyoto Protocol’s CDM keeps a lid on reforestation act
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The Stakes of Carbon Trading Are Losing Their Sizzle NEW YORK -- Global carbon dioxide emissions offsetting markets are fast losing their luster in the minds of investors, both in the United States and abroad.
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RPT-UN panel suspends 2 more carbon emissions auditorsLONDON, March 26 - The reputation of a Kyoto Protocol carbon finance scheme was dealt another blow after a UN climate panel late on Friday suspended the third emissions cut verifier in 15 months, and partially suspended a fourth.
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Nepal's forests: Selling carbon credits Nepal, like any other developing country, now could sell carbon credits in the global market by way of reducing its contemporary deforestation and degradation rates and by way of forest conservation and enhancement. It sounds too good to be true? No, surely not.
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New report from Focus on the Global South: Carbon Offsets & Climate Finance in India
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Carbon trading simply explainedHow does carbon trading work? Does it really help tackle climate change? Isn’t it all just smoke and mirrors? Is the Kyoto Protocol doing any good?
These and similar questions are increasingly being asked as the evidence for global warming mounts, scientists tell us more of dramatic climatic impacts we can expect, and pressure for measures to rein in greenhouse gas emissions heightens. At the same time, there are warnings from industry over the costs in jobs, profits and consumer prices that will stem from mandatory carbon trading regulation.
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Forest carbon standards: Full rundownOver the past two years, the voluntary carbon market space has grown and changed rapidly. Independent assessment of carbon projects is now a must for any project developer or retailer of carbon offsets. An array of third-party audit standards has emerged to support the validation of projects and the verification of their emissions reductions for the creation of carbon credits.
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Will Forest Carbon Markets Thrive, or Get Lost in the Woods?For thousands of years, we have been planting and growing trees without difficulty. It’s simple, and forest carbon business strategy can be, too. In fact, it’s core to what I’m trying to teach the MBA/MS students in my course at the Erb Institute this semester: If the world’s best available technology for removing carbon dioxide from the atmosphere is employing the natural photosynthetic capacity of natural forest management, we can too.
But in many ways, we are all unable to see the forests for the trees.
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Economic woes may damage moves to slow deforestationKUALA LUMPUR/JAKARTA, April 29 (Reuters) - Growing economic pain may increasingly force consumers to turn to palm oil, one of the cheapest cooking oils, a move that could scupper nascent plans to slow deforestation in Southeast Asia.
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Kenya Turns to Carbon Trade in a Bid to Curb Climate ChangeKenyan Prime Minister Raila Odinga has said the country is keen to partner with investment bankers to promote trading in carbon markets and ensure the rehabilitation of the Mau and other threatened forests in the country.
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Sandor Exits CO2 Trade, Sells Climate Exchange to ICE (Update3)(Updates with Sandor comment in third, 14th and 15th paragraphs.)
By Mathew Carr and Simon Lomax
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EcoSecurities: Forest carbon offsetting report 2010
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Investors wary of "green" forestryLONDON, May 13 (Reuters) - Forests have a growing value as a result of climate policies, but the complexity of carbon markets coupled with the effects of the financial crisis are deterring investment, investors and analysts said in London on Thursday.
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AAU carbon trade drying upThe international market for AAU carbon allowances is drying up, according to a leading carbon analyst. The trade in government-level Kyoto carbon credits is winding down after numerous sales from eastern European nations holding surpluses to Japan, Norway and EU nations to help them meet their Kyoto targets.
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Does Carbon Trading Damage Forests?The World Bank is so concerned about the lack of forests remaining in the small country of Armenia that they have warned that it could one day become a desert.
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The Carbon Hunters was reported by Mark Schapiro, produced by Andres Cediel & co-produced by Daniela Broitman.
STORY SYNOPSIS
In a remote corner of Brazil's Atlantic coast, they say time is a fiction. This ancient forest is seemingly unspoiled by modern life -- beyond the reach of men, machines, and markets.
But a closer look reveals something very different happening here.
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European CO2 traders cautiously welcome U.S. bill(Reuters) - A U.S. Senate climate bill, unveiled on Wednesday, has garnered general support from European carbon market players, though some have raised concerns over a few components of the proposed legislation.
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Green pioneers: Jungle millionaire Pedro Moura Costa in bid to save the AmazonPEDRO MOURA COSTA’s journey from plant scientist to eco-millionaire began on the end of a shovel in Borneo.
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Interview with Michael G. Morris - CEO of American Electric PowerThe picture of the global carbon market is a murky one, stymied on the one hand by the lack of a U.S. climate policy, and bubbling over on the other hand with a highly speculative, and even murkier, voluntary market.
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Rain Forests Lose Out in Senate's New Climate BillMuch of the handwringing by greens over the new climate and energy bill introduced in the Senate on May 12 has focused on the overtly controversial aspects of the legislation: the partial allowances it makes for new offshore oil drilling, for instance, and the ceiling it puts on carbon prices.
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Opinion: Point Carbon: credits to average US$26/t in early years of US ETSPoint Carbon Research projects that the price for each metric tonne of carbon dioxide equivalent (CO2e) would average US$26 over the period 2013-2020 under a federal cap-and-trade system as outlined in the American Power Act (APA).
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First forest carbon improvement plan approvedUS environmental consultancy EcoTrust has won approval for the first carbon offset project methodology in improved forest management (IFM) under the Voluntary Carbon Standard (VCS). IFM is a relatively new field of carbon crediting activity taking on heightened importance following the widening of the international REDD initiative on deforestation to include forest restoration and sustainable forest management - so called REDD-plus.
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Global Carbon Market Grows to $144 billion Despite Financial and Economic TurmoilCologne, May 26, 2010—The latest annual report from the World Bank on the global carbon market showed that in 2009 it grew to $144 billion, up 6% from 2008 despite enduring its most challenging year to date. The global economic crisis negatively impacted both demand and supply sides and, as indu
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Domestic Offsets in the American Power Act: Preserving the Integrity?
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Land grabs meet climate policyVery interested to see the news today that City of London police have “arrested the director of a Merseyside-based business in connection with an alleged plan to pay Liberian officials $2.5m (£1.7m) in connection
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Carbon sink plans sunk by stalling of emission plan TREE-planting schemes and other carbon-offset projects could be abandoned by organisations at the end of the month, another casualty of the federal government's delayed emissions trading scheme.
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U.S. the second biggest buyer of forests based voluntary carbon credits in 2009
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Kenia to be Africas ETS Hub[NAIROBI] Kenya has announced plans to establish a regional carbon emissions trading scheme to steer Africa's carbon market.
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Carbon farming will alter land use NEW Zealand’s emissions trading scheme gives this region opportunities to make money, and will change the way marginal land is used.
Carbon sequestering will change the way forests are managed and will make the establishment of unharvestable forests economically viable, two carbon farming experts told landowners, farmers and foresters at a carbon forestry workshop presented yesterday by the University of Canterbury and Ministry of Agriculture and Forestry.
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The Emissions Trading Scheme (ETS) is complex, confusing and difficult to get agreement on, but as New Zealand prepares for its impact from July 1 Climate Change Minister Nick Smith is confident the right balance has been struck. CHRIS ORMOND of NZPA reports.
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Minister promises farmers conditions on ETS
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NZ: Big ETS pluses for farmersTHE Emissions Trading Scheme (ETS) presents unique opportunities for many rural landowners in New Zealand; carbon forestry will allow landowners to use the scheme to their advantage and gain a new income stream.
Marginal farmland throughout the country can be converted into forestry and as long as any conversions are undertaken in an informed manner, landowners potentially have a lot to gain.
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Moving Forestry to the Forefront of the Carbon MarketAn estimated 16% of the total global GHG emissions are directly attributed to the destruction of tropical forests.
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CarbonSmart goes up in smokeA PIONEERING attempt to provide landholders with a new income stream through forestry offsets, Landcare CarbonSmart, has fallen foul of the Canberra stalemate over emissions regulation.
Set up by Landcare Australia Limited, in part to help landholders put in smaller biodiverse plantings that could provide a carbon credits income stream, CarbonSmart has been killed off because the forestry offsets market and regulatory environment failed to mature as expected.
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Australia mulls foreign-linked carbon offset schemeThe Australian government is proposing to allow foresters and farmers to create carbon offset credits for international sale into foreign emissions trading markets. Prime Minister Julia Gillard launched the policy on the weekend, part of campaigning ahead of a federal election on August 21.
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Let's get serious about soil carbonPOLITICIANS of all persuasions have had a hard time being nice to farmers in ways that don’t upset larger, more vociferous and vindictive sections of the voting public.
In this campaign, they seem to have discovered the key: carbon!
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New Zealand's sheep farmers are flocking to a government carbon trading program that pays more to plant trees than sell wool and mutton.
The system, begun in 2008 and the only one of its kind outside Europe, awards farmers credits that are sold to offset greenhouse gas emissions. The project may earn them about $NZ600 a hectare ($193 per acre) a year on land unprofitable for grazing animals, said David Evison, a senior lecturer at the University of Canterbury's New Zealand School of Forestry.
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Gazprom Wins Approval From Voluntary Standards Group for Forestry CreditsGazprom Marketing & Trading, a unit of the world’s largest natural-gas producer, said its method for generating carbon credits from forestry projects was approved by the Voluntary Carbon Standard.
The International Emissions Trading Association and the World Economic Forum helped develop the voluntary carbon standard in 2005 to verify which credits companies can use to comply with carbon-reduction programs. The European Union, which runs the world’s biggest emissions market, may accept a limited number of forestry credits through 2020.
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So what: could Africa be the next big Carbon Project Market?
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Chance to see the good for the treesThe much maligned Emissions Trading Scheme can provide even the owners of small forest blocks with a bonus return, if they make the effort to find out, as Peter Watson reports.
Owners of hundreds of small forestry blocks planted in Nelson before 1990 have been warned they risk either being surprised by some large bills or missing out on a one-off windfall if they don't get up to speed soon with the Emissions Trading Scheme.
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Poorer nations hit with 'exorbitant' consultancy fees for carbon offset projectsNepalese government has paid a Norwegian consultancy €150,000 (£123,000) to get UN certification for biogas projects.
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Australia firm signs Congo carbon offsets deal(Reuters) - An Australian carbon services firm has signed a deal aimed at protecting tropical forests in the Democratic Republic of Congo as well as boosting renewable energy there, a senior company official said on Wednesday.
Shift2Neutral and its partners would help value the carbon storage from forest and land protection, certify carbon related services to communities in the DRC and help sell certified carbon offsets.
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Indonesia project boosts global forest CO2 market(Reuters) - Likely to be first fully validated REDD project under VCS; Approval of methodology boost for REDD projects
SINGAPORE/JAKARTA, Aug 24 (Reuters) - An Indonesian project aimed at saving a vast tract of rainforest has past a milestone seen as a boost in the development of a global market in forest carbon credits.
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The US way of rescuing our climate...For individuals and business, air travel is a fact of life. The world is our playground and we are not going to stop exploring new places and opportunities.
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New Zealand Farmers Harvest Carbon CreditsIn New Zealand, where the sheep outnumber humans 9 to 1 and National Lamb Day is celebrated every Feb. 15, a carbon emission trading system that kicked off in July is upending the economics of sheep farming, a once crucial sector of the economy. Sheep farmers are walking away from the business of selling wool and lamb chops and are converting their grazing lands into tree farms that could prove valuable when the country's agricultural sector is forced to pay for greenhouse gas emissions starting in 2015.
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PCF
At the close of calendar year 2009, the Prototype Carbon Fund has 23 of 24 projects generating emission reductions and eight of the PCF’s CDM projects have issued Certified Emission Reductions. In early 2010, the PCF successfully completed its first transfer of Kyoto assets from its projects in Annex I countries.
Fund Capital ($ million) 219.8
Date Operational April 2000
Participants 22
Private % (by capital invested) 57.6
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Community Development Carbon Fund
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Insuring the Rain Forest with Green Bonds - Part II
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GM&T AND INFINITEEARTH ANNOUNCE THE APPROVAL OF WORLD’S FIRST REDD METHODOLOGY UNDER THE VOLUNTARY CARBON STANDARD PROGRAMMEGM&T AND INFINITEEARTH ANNOUNCE THE APPROVAL OF WORLD’S FIRST REDD METHODOLOGY UNDER THE VOLUNTARY CARBON STANDARD PROGRAMME
Highlights
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VCS Unveils its First Methodology for Generating Carbon Credits by Saving Trees
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Santa Cruz Mountains redwoods lure cash for trapping carbon
LOMPICO - PG&E (Pacific Gas and Electric's) is handing over tens of thousands of dollars to the nonprofit Sempervirens Fund to protect a 425-acre stand of redwoods once slated for logging deep in the Santa Cruz Mountains.
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In the drive to tackle climate change, carbon trading has become the policy instrument of choice among governments. It is also a central element of the UNFCCC’s Kyoto Protocol. National or regional carbon trading schemes are now operational in Europe, the USA, New Zealand and elsewhere.
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Carbon project market leads with REDD methodologyThe landmark approval of a carbon accounting methodology to underpin REDD projects in Asia shows the project-based voluntary carbon market leading the way in the development of mechanisms to halt the destruction of climate-critical tropical forests.
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New Zealand: Region a net ETS winnerGISBORNE will be a net winner from the emissions trading scheme, promises Climate Change Minister Nick Smith.
At a well-attended meeting last night, Dr Smith managed to tame a potentially hostile audience through judicious use of the expressions:
“Good question”, “You’re absolutely right” and “That deserves a thorough answer — I’ll answer each point in turn”.
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Updated standard provides new guidance for using forests to address climate changeVersion 3.2 of the Climate Action Reserve’s Forest Project Protocol continues to ensure integrity of forest offset projects
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World Bank Caught in Controversy Over Suspect Carbon Credits A storm has been brewing for months in an obscure corner of the carbon-trading world, and it's now raging into full public view.
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Carbon Traders Speculating on 50 Euros a Ton in 2012, CarbonDesk SaysOptions to buy European Union carbon permits for 2012 traded in London yesterday at a strike price of as much as 50 euros a metric ton, according to CarbonDesk Ltd.
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World Bank sells 500,000 U.N. carbon offsets
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Is EU changing mind in terms of forest carbon?New rumbling emerged from Europe this week that the potential for emissions-reducing activities involving land use, land-use change, and forestry may be finally getting a d
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Promote carbon trading - of forest carbon creditsThe Centre should promote a carbon credit trading mechanism on lines of the Kyoto Protocol in the country to enable the plantation industry to earn carbon credits.
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S&P forecasts increased Russian carbon deals
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EU Trying to Link Up With Federal Rather Than Local U.S. Emissions Trading
The European Union will keep trying to link its carbon market, the world’s biggest, with any U.S. program at the federal level rather than regional systems.
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Big new tax only option, Abbott told
TREASURY has repudiated Tony Abbott's direct action approach to climate change.
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Minister Makes Case for Carbon Credit MarketLagos — The Minster of Environment, John Odey said since Nigeria now controls over 40 percent of the certified emission reduction in Africa, it can leverage on it to generate ingestible funds.
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China Bets on Panda to Take a Bite Out of Land-Use Emissions (and Reduce Poverty)China generates the lion’s share of global offsets under the Kyoto Protocol's Clean Development Mechanism (CDM), but it doesn't cap its own emissions. It does, however, have its own voluntary carbon standard – the “Panda Standard” – which was unveiled at last year's Climate-Change Conference in Copenhagen and is designed to drive domestic demand for forestry and poverty alleviation with a vehicle that is uniquely Chinese.
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ERA Executes Term Sheet with the Forest Carbon Group AG for the Sale of 1,800,000 Tonnes of VERs over 3 YearsSept 24, 2010, Vancouver, British Columbia: ERA Carbon Offsets Ltd. (TSX-V: ESR) through its 100% owned subsidiary ERA Ecosystem Restoration Associates Inc, (ERA) is pleased to announce that it has executed a term sheet for the sale of 1,800,000 tonnes of Verified Emission Reductions (VER) to the German based Forest Carbon Group AG.
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