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Policy & Enforcement Briefing: Colo. Methane Limits, Tesla Fires, Yucca Mountain

Colorado governor John Hickenlooper has proposed tough limits – stronger than federal standards – on leaks of methane and other gases from oil and gas wells and storage tanks, the New York Times reports. He developed the rules in negotiation with three major oil and gas developers: Anadarko Petroleum Corporation, Encana Corporation … Read more »

Policy & Enforcement Briefing: BP and Chevron Trials, Airliner Carbon, Ameren Sale

Anthony Badalamenti, former cementing technology director at Halliburton, formally pleaded guilty in federal court yesterday to destroying evidence connected with the 2010 BP oil spill in the Gulf of Mexico, Reuters reported. Meanwhile a federal court has extended the EPA’s deadline to respond to BP’s lawsuit challenging the freeze on new … Read more »

UN Body Approves ‘Historic’ Airline Deal

The UN’s aviation body has approved a plan for a market-based program to cut airline industry emissions, in a move Bloomberg described as “unprecedented for a single global industry.” The market mechanism is supposed to start in 2020, but as the International Civil Aviation Organization (ICAO) executive committee agreed Thursday, details … Read more »

EU Carbon Market Surplus Squeezing Climate Goals

EU Carbon Market Surplus Squeezing Climate Goals

A surplus of Emissions Trading Scheme (ETS) carbon permits will require  the European Union to cut emissions by an extra 7 percentage points to meet its 2030 climate goals, according to a report by environmental research company Ecofys. The report, the Next Step in Europe’s Climate Action: Setting Targets for … Read more »

RWE, Vattenfall Emit Most CO2 in EU System

RWE, Vattenfall Emit Most CO2 in EU System

RWE, Vattenfall and E.On have topped Carbon Data’s rankings of the most carbon-intensive companies in the European Union’s emissions trading scheme, same as last year. Steel manufacturers ArcelorMittal and Tata Steel and cement maker LaFarge were the three companies with the most freely allocated surplus EU carbon allowance for 2012. RWE … Read more »

EU Suspends Aviation Emissions Rules

The European Commission has suspended its carbon emissions laws on flights taking off or landing from EU member states. The move follows a decision by the International Civil Aviation Organization last week to consider a global market-based mechanism — such as carbon trading — to encourage airlines to cut their emissions. … Read more »

GlobalData Forecasts Increasingly Volatile Carbon Market

The price of carbon credits traded in regional and national emissions markets worldwide will become increasingly volatile and difficult to accurately forecast through 2015, according to a report by GlobalData. GlobalData said the prolonged European sovereign debt crisis, a glut of carbon credits and uncertainties under the Kyoto Protocol are … Read more »

Policy & Enforcement Briefing: State of the Union, ETS Waivers, Tidal Permit, Cal ISO Plan

Manufacturers should get incentives to make energy-efficiency improvements to their plants, President Obama said in last night’s State of the Union address. He called on Congress to draft a bill creating such incentives, which he said would save companies $100 billion over a decade. In the speech, Obama also said he … Read more »

Alleged Honduran Murders Cause More Controversy for ETS

Carbon credits from palm oil plantations in Honduras are still for sale in the EU’s Emissions Trading Scheme despite the reported murder of 23 farmers in a dispute with the plantations’ owners. The 23 now-deceased farmers had laid claim to land that they said had been stolen from them and … Read more »

EU ETS to Cost Airlines $1.5bn in 2012; BA Hit Hardest

The cost for airlines of joining the European Union’s Emissions Trading Scheme in 2012 will be approximately €1.1 billion ($1.5 billion) using a carbon price of €12 per ton, or a total of €10.4 billion between now and the end of 2020, according to analysis by Thomson Reuters Point Carbon. … Read more »

Airlines Strike Global Deal on Emissions Cuts

The European Union can move ahead with plans to charge airlines for emissions permits starting in 2012, after airlines agreed to a global deal on emissions cuts, according to the European Commission, reports Reuters. In 2008, the EU agreed to include aviation in its emissions trading scheme (ETS), under which … Read more »

More Layoffs for Carbon Brokers in London

The European carbon emissions permit trading space continues to shrink as more layoffs of carbon brokers continue in London due to the recession and not enough demand for carbon credits, reports Reuters. As an example, CantorCO2e laid off its last three carbon brokers in the UK earlier this month, according … Read more »