Analysts: Global Carbon Emissions Price 10-plus Years Away

March 19, 2009

Email this story Print this post Add your comments

Companies may not see standardized global pricing for carbon emissions for 10 or 15 years, said analysts at an industry meeting in Copenhagen.

The analysts say too many governments are too slow to adopt regulations and standards, and that is enough to thwart standardization, according to a Reuters article.

The European Union has stated it would like to see all OECD nations adopt carbon trading schemes within their own countries by 2013. The EU would like to see those linked by 2015, and have global emissions trading standards linked by 2020.

Trevor Sikorski, an analyst at Barclays Capital, said he thought it was “incredibly ambitious” for the EU to expect to link to U.S. standards by 2015.

The Environmental Protection Agency has proposed national reporting of major sources of carbon emissions.

The Voluntary Carbon Standards Association recently added a global registry to its carbon-trading system, but plans to link carbon trading registries in multiple nations are on hold.

Email this story Print this post Add your comments

Advertisers

Make sustainability part of your strategy.

Get equipped at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Survey Results: Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader