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EU Compromise Faces Opposition

A deal at the European Union to exempt long-haul flights from having to pay for their carbon emissions is in jeopardy, Reuters reports. EU politicians plan to vote against a deal that would delay payments until the end of 2016. The European Parliament’s 71-member Environment Committee will vote on March … Read more »

Carbon Trading ‘to Grow 14%’ in 2013

The volume of carbon traded globally will grow by 14 percent this year, reaching 12 gigatons of carbon dioxide equivalent despite depressed prices, according to analysis by market intelligence firm Thomson Reuters Point Carbon. Most of this year’s growth in volume will come from the 10 billion EU Allowances that … Read more »

Australia, Europe Link Emissions Trading Systems

European climate commissioner Connie Hedegaard and Australian climate change minister Greg Combet today announced that Australia and Europe will link their emissions trading systems, which will allow businesses to use carbon trading units from either trading scheme for compliance under either system. A full two-way link between the two cap … Read more »