Trading and clearing of carbon futures amounted to 2,494 contracts (2,494,000 tons) Tuesday, October 12th, which is the highest daily volume ever traded and cleared on NASDAQ OMX Commodities carbon futures market.
Carbon Markets
Carbon Trade Exchange Applauds New Carbon Tax in Australia
Today the legislation was passed through the lower house of Federal Parliament, and is expected to pass the Senate into law next month.
$1.4 Million for Water Quality Pilot Trades in Ohio
A market-based approach is designed to help energy facilities facing high pollution control costs.
A $1 million Conservation Innovation Grant from the U.S. Department of Agriculture (USDA) marks the start of Phase II of the The Electric Power Research Institute (EPRI) led Ohio River Basin water quality trading project. The goal is to [...]
Markit’s Sal Naro’s Update on Carbon Trading
Carbon trading has taught investors a lot about what could be next. Sal Naro talks about what he sees as the lessons learned and the new opportunities. “A number of years ago carbon credit trading seemed to be the focus. Now a number of initiatives have grown out of the concept of carbon into a more complete picture of the environment, including biodiversity, water, and energy efficiency credits.”
Interview: Markit
Markit’s Sal Naro talks about the future of carbon trading. “A number of years ago carbon credit trading seemed to be the focus. Now a number of initiatives have grown out of the concept of carbon into a more complete picture of the environment, including biodiversity, water, and energy efficiency credits.”
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Governments around the World are Acting to Reduce their Footprints
The European Union’s (EU) commitment to renewable energy has helped to advance renewable energy sources like wind power. Other encouraging signs are also in evidence in the European auto industry. EU legislation, passed in 2008, requires manufacturers to reduce CO2 by one fifth by 2015. Business Week is reporting that European car [...]
Point Carbon Comments on the Elections
The importance of the defeat of Prop 23 beyond California cannot be overstated – as nations prepare to gather in Cancun to discuss yet again a global climate agreement, US negotiators could have been weakened by a backlash in California. Instead, California – and the Western Climate Initaitve‘s work towards [...]
California Votes for the Economy
California did two important things for our economy this election season: one positive, one TBD.
On the positive side, California voters defeated Prop 23, which would have voided California’s aggressive clean air act and likely lead to the end of the Western Climate Initiative (WCI). The WCI is the United State’s second look at pricing carbon, [...]
CARBON TRADING LURCHES OFF COURSE
SINGAPORE — In July 2007, the Australian Climate Exchange, known as the A.C.X., introduced the first electronic trading system for greenhouse gas emissions in Australia. Voluntary Emission Reductions, or VERs, generated by abatement projects verified by the government-sponsored Australian Greenhouse Office, had been introduced a few months earlier and initial [...]
