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South Korea to Increase Emissions Cap

South Korea is expected to introduce a carbon trading scheme that is about 3 percent larger than it had previously announced, according to Reuters. The South Korean government said last Thursday that it would distribute 1.687 billion metric tons of carbon-equivalent emission permits from 2015-17 as part of its trading … Read more »

Carbon Market Value to Climb 15% in 2014

Global carbon markets’ value will rise 15 percent this year to 46 billion euros ($63 billion), Bloomberg New Energy Finance forecasts. The analysts attribute the increase to the European Union’s plan to postpone sales of emissions permits. This may boost European carbon prices to 7.5 euros ($10) a metric ton … Read more »

Global Carbon Market Prices Drops 38% in 2013

Global carbon markets’ value dropped 38 percent to 38.4 billion euros ($52.9 billion) in 2013, according to analysts at Thomson Reuters Point Carbon. Reuters reports prices dropped in the main European Union and United Nations carbon markets. The news agency says, according to analysts, the value of carbon permits and … Read more »

Golden Gate Bridge

Ecofys-Led Consortium Develops Product-Level GHG Benchmarks

An Ecofys-led consortium has helped the California Air Resources Board (CARB) establish product-level greenhouse gas emission benchmarks for various production processes. The benchmarks will be used to determine the amounts of free emission allowances for individual plants in the California cap-and-trade program, the energy and climate consultancy says. In addition … Read more »

Walmart solar

California Carbon Price Forecast Plunges

California’s carbon emissions will be lower than analysts initially expected, remaining below the allowance cap until at least 2017 with offsets making the market oversupplied through 2019, according to analysis by Thomson Reuters Point Carbon. Based on a revised emissions model, Thomson Reuters Point Carbon now estimates that emissions covered … Read more »

UK Carbon Price a ‘Threat to Business Competitiveness’

Britain’s carbon-emitting businesses will pay more for energy than their European counterparts under the UK’s new carbon price floor, which goes into effect today. The emissions tax, set by the UK government in 2011, starts at £16 ($24.30) per ton of carbon emitted this year and rises to £30 ($45.63) … 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 »

N. American Carbon Markets to ‘More Than Double’ This Year

This year, North American carbon markets will more than double in value to $2.5 billion, according to market intelligence firm Thomson Reuters Point Carbon. The growth will be driven by activity in California, whose market will increase over four-fold year-on-year to 186 Mt. Strong demand for California carbon allowances (CCAs), … Read more »

Global Carbon Market Value Drops 35 Percent

The value of global carbon markets fell 35 percent to €62 billion ($84 billion) in 2012, largely due to an oversupply of credits, according to analysis from Thomson Reuters Point Carbon. The EU’s Emissions Trading Scheme, the largest global carbon market, saw the estimated carbon price drop 49 percent to … Read more »

UN Emission Credits ‘May Drop to Almost Zero’

UN Emission Credits ‘May Drop to Almost Zero’

Orbeo has said prices for United Nations emission credits may drop to almost zero this year, Bloomberg News reports. Orbeo, a carbon-trading company owned by Solvay Energy Services, also predicts a possible rebound after 2015. Investors are dumping the UN greenhouse-gas credits known as Certified Emission Reductions, Orbeo senior manager … Read more »