trading

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.

GISBORNE 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”.

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.

25 August 2010 | The first Voluntary Carbon Standard (VCS) methodology to quantify the climate benefits for projects reducing emissions from deforestation and forest degradation (REDD) is now approved and available for use after going live this Monday. 

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