Global News

C-Quest takes stake in US ag offsets developer

12 August, 2009

Carbon asset manager C-Quest Capital has taken a sizeable minority stake in SunOne Solutions, an emission reduction project developer specialising in agricultural offsets.

Climate Action Reserve to include industrial gas offsets

05 August, 2009

The Climate Action Reserve has formally started work on two new protocols to award carbon offsets to US projects that reduce emissions of industrial gases.

US, China aim for Copenhagen deal

29 July, 2009

The US and China yesterday signed an agreement to reach a post-2012 climate change deal at UN talks in Copenhagen in December.

EcoSecurities’ founder makes bid official[free access]

29 July, 2009

Pedro Moura Costa, former president and a co-founder of carbon aggregator EcoSecurities, formally made an offer to take over his old firm last week, six weeks after announcing his intentions.

Tricorona rakes in profits from sale of 2.1m CERs

29 July, 2009

Tricorona announced healthy profits in the first half of 2009, despite carbon prices and its projects being affected by the economic slump.

Woodall steps down from Climate Change Capital

29 July, 2009

Mark Woodall, co-founder and CEO of Climate Change Capital, is stepping down from the London-based investment manager.

CDM registers first PoA, reports another backlog

22 July, 2009

The Clean Development Mechanism Executive Board has registered the first programme of activities, almost a year after it was submitted and two years after the rules were approved.

NGOs lose patience with IMO on ship emissions

22 July, 2009

An International Maritime Organization meeting last week made some progress on controlling greenhouse gas emissions from shipping, but NGOs blasted the organisation’s lack of pace and questioned again whether it should have responsibility for the issue.

Dornau leaves SGS for Carbonflow

22 July, 2009

Robert Dornau, head of climate change services at leading carbon credit verifier SGS, is leaving the company for a new role with carbon market software company Carbonflow.

Czech Republic completes second AAU sale

16 July, 2009

The Czech Republic has closed its second sale of Assigned Amount Units, the emissions allowances issued under the Kyoto Protocol to governments.

Korea Eximbank launches $80m carbon fund

16 July, 2009

The Export-Import Bank of Korea has launched a 100 billion won carbon fund that will invest in Clean Development Mechanism projects.

Project-based deals

16 July, 2009

Recent project-based deals in the carbon market.

EC defends post-2012 CDM position

15 July, 2009

The European Commission has defended its preference for the use of Clean Development Mechanism credits from least developed countries in the EU Emissions Trading Scheme post-2012, while continuing to refuse to accept credits from forestry projects.

VCS restricts HFC projects

15 July, 2009

Hydrofluorocarbon offset projects in industrialised countries will no longer be eligible to register under the Voluntary Carbon Standard.

MEF to agree on finance, targets?

08 July, 2009

The Major Economies Forum could this week offer some clarity on long-term emissions reductions and break the deadlock on climate change adaptation financing, according to a US think-tank.

2020 climate targets achievable, but not through carbon trading – Blair

08 July, 2009

Energy efficiency and reduced deforestation can deliver 70% of the greenhouse gas reductions needed by 2020, but the target will not be met by relying on the carbon market, according to a report by former UK Prime Minister Tony Blair and the Climate Group.

UK's Brown calls for $100 billion a year climate fund [free access]

01 July, 2009

UK Prime Minister Gordon Brown has called for $100 billion a year to be put aside by 2020 to help developing countries fight climate change – the first leader of an industrialised country to put a figure on the table.

Trade rules allow for carbon taxes on imports – WTO

01 July, 2009

Existing free trade rules would allow for the application of carbon taxes on imports, says a study by the World Trade Organization (WTO) and the UN Environment Programme.

NGOs call on G8 to break climate deadlock

01 July, 2009

A coalition of environmental groups has called on the G8 to use its meeting in Italy next week to agree key principles of a new international climate change deal.

Russia under fire over emissions target

24 June, 2009

NGOs and think-tanks have criticised Russia’s 2020 emissions target, announced on Friday, saying it would allow for an increase in greenhouse gas emissions.

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