Carbon Credits Archives - Page 2 of 3 - Environment + Energy Leader

US Largest Carbon Credit Buyer in 2009

June 15, 2010June 14, 2010 by Paul Nastu

The U.S. was the largest buyer of voluntary carbon credits last year, according to a new report released by Ecosystem Marketplace and Bloomberg New Energy Finance. However, total voluntary carbon transactions dropped by 26 percent, according to the report. The total value of traded credits declined 47 percent to $387 ... Read more »

Barclays Bolsters Carbon Trading Position with Tricorona Purchase

June 3, 2010 by Gina Roos

Barclays plans to buy carbon trading firm Tricorona for 1.13 billion Swedish kronor ($145 million), which will position the U.K. bank as a leading global origination and carbon trading house, reports Market Watch. Tricorona sources, develops and trades carbon offsets from greenhouse gas (GHG) reduction projects in developing countries, a ... Read more »

Cement and Steel Industries Misled EU about ‘Carbon Leakage’

May 25, 2010May 25, 2010 by Gina Roos

A new report alleges that the European cement and steel industries threats of relocation and increased global emissions, otherwise known as carbon leakage, were exaggerated, when they requested special treatment under the European Union’s Emissions Trading Scheme (ETS), reports The Guardian. According to a report from Corporate Europe Observatory (CEO), ... Read more »

Carbon Fraud Revealed Down Under

March 11, 2010 by Paul Nastu

Prime Carbon, an Australian producer and seller of carbon credits, has been accused of making misleading claims on its Web site and in other marketing materials, reports the Sydney Morning Herald. Prime Carbon, whose Web site is closed pending review (see image), is alleged to have claimed an association with ... Read more »

Australia, Belgium Find More Cases of Carbon Fraud

January 7, 2010 by Gina Roos

More carbon fraud cases are popping up around the globe including Australia and Belgium as government watchdog organizations step up efforts to monitor the nascent green business sector. As an example, the Australian Competition and Consumer Commission (ACCC) says it is closely watching the green business sector, reports SmartCompany. ACCC ... Read more »

Mafia Ties to Wind Fraud in Italy Investigated

November 17, 2009November 17, 2009 by Gina Roos

Italian finance police have arrested two prominent businessmen — including one with ties to a former investor in the Cape Wind project in Nantucket — in the wind energy sector on charges of fraud. Arrested were Oreste Vigorito, head of the IVPC energy company and president of Italy’s National Association ... Read more »

Study Finds More Value in Peat CO2 Credits

November 9, 2009 by Gina Roos

Carbon-rich peatlands may trap more greenhouse gases than first thought, driving up their potential value on the carbon market, according to a new study, reports Reuters. Huge amounts of greenhouse gases are released when peatlands are logged or drained for agriculture, and even more when the dried bogs catch fire ... Read more »

Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash

November 6, 2009 by Gina Roos

Plans to expand carbon markets at UN climate talks this December could trigger a second ‘sub-prime’ style financial collapse and fail to protect the world from a global warming catastrophe, according to a report from Friends of the Earth. The trade in carbon permits and credits, primarily based in Europe, ... Read more »

Global Climate Talks Set Carbon Offsets in Motion, Market May Quadruple by 2015

November 2, 2009October 30, 2009 by Gina Roos

The success of the emerging global carbon market rests on the outcome of the Copenhagen Climate Conference in December, according to a report from market researcher Frost & Sullivan. In the meantime, European Union leaders have agreed on a climate deal to present at the global climate talks. But analysts ... Read more »

Cap-and-Trade System Might Cost Less Than Critics Say

October 21, 2009October 21, 2009 by Gina Roos

The financial impact of regulating coal-fired power plants that produce carbon dioxide emissions under a cap-and-trade system is much less than previously projected, and a carbon capture and storage (CCS) option could keep the price of carbon credits low, according to new research. Opponents of the U.S. climate bill’s proposed ... Read more »

Greenpeace Calls Noel Kempff Climate Action Project a Carbon Scam

October 16, 2009October 21, 2009 by Gina Roos

Greenpeace released a new report that calls into question the Noel Kempff Climate Action Project (NKCAP) aimed at saving Bolivia’s rainforests, stating the project did not deliver promised emissions reductions. However, other environmental groups like the Nature Conservancy and Union of Concerned Scientists dispute the report. The area in dispute ... Read more »

Voluntary Carbon Market Found Lacking

October 15, 2009October 21, 2009 by Gina Roos

Industry players in the voluntary carbon market are unhappy with the lack of meaningful emission cuts, yet voluntary emissions cuts continue to gain steam. For instance, BP is spending $2.5 million to offset its carbon emissions in Australia. Meanwhile, Brazil may set emission caps at 2005 levels. The voluntary carbon ... Read more »

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