US carbon market will reach $1 trillion by 2020

The US will be home to a US$1 trillion carbon emission market by 2020 if federal and state policymakers continue on their current path toward a comprehensive cap-and-trade program confined to the domestic market, according to a new Carbon Finance Report. The report, which analyses the 13 climate change bills under consideration by Congress, also […]

South Australia introduces energy efficiency scheme

South Australia has announced a new energy efficiency incentive scheme for households. The government says its Residential Energy Efficiency Scheme will help South Australian households reduce greenhouse gas emissions and lower their energy bills. The scheme will start on 1 January 2009. Under the REES, energy retailers operating in South Australia are required to achieve […]

Solar power station for Coober Pedy

Australia’s largest off-grid solar power station is set to be built at remote Coober Pedy in far north South Australia. Federal Environment Minister Peter Garrett and South Australian Premier Mike Rann announced the $7.1 million project at the 3rd International Solar Cities Congress in Adelaide. “There will be 26 dishes, each one 14 metres high […]

European emissions down

Total greenhouse gas emissions in the EU-27, excluding emissions and removals from land-use, land use change and forestry (LULUCF), decreased by 0.7 per cent between 2004 and 2005 and by 7.9 per cent between 1990 and 2005, according to the European Energy Agency. Emissions decreased strongly in the new Member States during the 1990s, but […]