The global market for voluntary carbon offsets almost trebled to 65 million credits in 2007, while the total worth of transactions rose more than threefold to $331 million (€214 million), according to a new market survey by New Carbon Finance.
World Energy Solutions, an online energy exchange operator, announced this week a call for 1.5 million verified emissions reductions (VERs) to be auctioned on 10 June.
Environmental brokerage Cantor CO2e launched a service to help project developers add a sustainable development component to voluntary carbon offset projects to give them "additional economic value," the company announced Thursday.
The US Department of Energy (DOE) unveiled on Thursday its plan to restructure Futuregen, a federal programme aimed at developing the world's first near-zero emission coal-fired power plant.
Russia may revise a quota system applied to particular greenhouse gas reduction projects aiming to earn carbon credits through the Kyoto protocol, a government official told an industry conference on Thursday.
Sweden's energy producers must invest SEK300 billion ($49.5 billion) over the next decade to meet its obligations under the EU's renewable energy target, Svensk Energi, the energy sector's lobby organisation, said Thursday.
A coalition of business and environment groups on Thursday urged the UK government to use money raised by auctioning carbon dioxide (CO2) allowances to help combat climate change.
Germany has no plans to issue EU carbon allowances for 2008 until a technical link is in place between the European carbon credit registry and the UN's international registry, according to Hans-Jurgen Nantke, head of Germany's emissions trading authority.
Government-owned Steel Authority of India Ltd (Sail) plans to host 38 clean development (CDM) projects at five of its plants, which could deliver over 20 million UN-regulated carbon credits over 2009-2012.
European carbon prices were lacking direction Thursday morning with the 2008 EUA contract trading around €25.00 by midday, the same level as the previous day's close.
The New Zealand Tourism Industry Association (TIA) Thursday became the latest body to call for the emerging emissions trading schemes in Australia and New Zealand to align.
RBS Sempra Commodities has agreed to buy about 3.2 million UN-endorsed carbon offset credits issued through the Kyoto protocol's clean development mechanism (CDM), the facilitators of the deal said in a statement on Thursday.
The Netherlands and Mexico will soon complete a pilot study on sectoral targets - and the findings may be recommended as a foundation for a future climate deal, a climate change negotiator with the Dutch government said at an industry
New Zealand's carbon cap-and-trade scheme could lead to a boost in global greenhouse gas emissions, said the country's largest dairy firm as the row over the scheme continued in parliament Thursday.
Tesoro, a refiner and marketer of petroleum products, has reported net loss of $82 million, or $0.60 per share, for the first quarter of 2008, compared to net income of $116 million, or $0.84 per share, for the same period
Esco Technologies has announced that Pacific Gas and Electric Company has placed follow-on orders for an additional 100,000 Aclara RF electric and an additional 119,000 Aclara RF gas advanced metering infrastructure products for Pacific Gas and Electric's SmartMeter program. The
Farmers will be able to reap better returns by cultivating food grains than growing raw material for bio-fuels given the surge in world food prices, reported the Irish Independent.
PNM Resources has reported consolidated losses of $48.6 million, or $0.63 per diluted share, for the first quarter of 2008, compared to earnings of $29.7 million, or $0.38 per diluted share, for the same period of 2007.
Oil and gas company Petroleo Brasileiro is considering sale of self-branded ethanol at service stations acquired by Galp Energia from Exxon Mobil in Portugal, reported Latin America News Digest, citing Portuguese newspaper Diario Economico.
