The Department of Energy (DOE) will invest more than $126.6 million in large-scale carbon sequestration projects in California and Ohio over the next 10 years.
The European parliament is holding a firm line on its controversial plans to include aviation into the region's cap-and-trade system ahead of the negotiations with the European council, a draft proposal by an environment committee MEP reveals.
In the latest blow to Zimbabwe's wounded economy, the Botswana government has banned the export of bulk fuel to the neighbouring country. Scanty parallel market supplies are quickly running dry and transport is grinding to a halt across Zimbabwe.
South Korea's new government is currently carving out a new comprehensive climate change policy in parallel with international negotiations, a government official said.
Hungary's top greenhouse gas-emitter, the lignite-fired Matra power plant, plans to cut its carbon dioxide (CO2) emissions by 22 per cent to 5.8 million tonnes by 2009 compared to a 2003 baseline, news wires reported on Tuesday.
A German closed-end fund that will invest in UN carbon credits generated from emission reductions expects to return 176 per cent of investments by 2013, according to the fund manager.
The delay of New Zealand's emissions trading scheme lowers value of forest land, hurts the environment and means foresters have no buyers for their carbon credits, according to the NZ Forest Owners Association.
The European parliament is prepared to fight for its position on how airlines should be included in the EU emissions trading scheme (ETS), it said Monday.
The size of the global carbon market doubled to $64 billion (€41.32 billion) in 2007 compared to 2006, the World Bank said in a report released on Wednesday, but it added that investment in greenhouse gas reduction projects in developing
China today expressed support of Japan's target to halve global greenhouse gas emissions by 2050 and said it will study potential ways to help achieving it.
The Nymex-backed Green Exchange will launch a futures contact for carbon dioxide allowances traded under the Regional Greenhouse Gas Initiative (RGGI) in the third quarter of 2008, the exchange announced Wednesday.
The UN's climate change secretariat will investigate Canada for its failure to implement a greenhouse gas emission registry as required by the Kyoto protocol, which could potentially bar the country from trading carbon credits, according to a document posted on
The volume of carbon trading on the Nord Pool exchange jumped almost 87 per cent in 2007 compared to the previous year, the company announced today in its annual report.
Climex, a Netherlands-based environmental commodities and energy contracting exchange, said on Wednesday it hosted the first transaction of a 'gold standard' credits for use in the voluntary market.
Climate Change Capital, a carbon investment banking group, has raised £56 million ($110 million) by selling a stake of just over 50 per cent to four new investors, the company has announced.
Participants are less confident about the condition of the carbon market than they were 12 months ago, despite expectation that the market will grow over the next year, according to a survey conducted by the International Emissions Trading Association (IETA).
