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Professor Ross Garnaut has released a discussion paper on an Australian emissions trading scheme model, stating that the introduction of an ETS signals the opportunity for profound, long-term structural change for Australia. The paper argues for the need to design the scheme on the basis that it will ultimately be part of a global agreement […]
Federal Energy Minister Martin Ferguson says there is no doubt the two major themes of energy policy for the next few years are energy security and climate change. “Responding meaningfully and effectively to climate change while maintaining adequate, reliable and affordable energy remains a key challenge for the Government and the energy sector,” says Ferguson. […]
Federal Climate Change Minister Penny Wong has announced the Australian Government’s detailed timetable for introduction of emissions trading. “The introduction of emissions trading will constitute the most significant economic and structural reform undertaken in Australia since the trade liberalisation of the 1980s,” Senator Wong says. “The Rudd Government will take a careful and methodical approach […]
Professor Ross Garnaut has released a discussion paper on an Australian emissions trading scheme, stating that the introduction of an ETS signals the opportunity for profound, long-term structural change for Australia. The paper argues for the need to design the scheme on the basis that it will ultimately be part of a global agreement on […]
The US Government needs mandatory caps on CO2 to stimulate the deployment of carbon capture and storage technology, according to the US Senate Energy Committee Chair. Even though the US power sector and government are looking into CCS technologies, the policy to stimulate deployment needs work, Senator Jeff Bingaman said. “The first and most important […]
Prime Minister Kevin Rudd and visiting New Zealand Prime Minister Helen Clark have outlined a joint effort between their countries directed at climate change. “On climate change, the fact that both Australia and New Zealand now are full ratification states in relation to the Kyoto Protocol means that we have an unprecedented opportunity to work […]
The New York Mercantile Exchange (Nymex) has announced that it will introduce the first batch of carbon futures and options contracts in March as part of its Green Exchange initiative. The first slate of contracts, which will be launched on 16 March for trade the next day, will include EUA futures and options, as well […]
Sydney-based carbon credit firm Greenair Ltd has announced it is seeking to raise up to $100 million through a share offering on the Australian Stock Exchange within the next 12 months. Greenair, which has signed contracts for carbon credit projects in Asia, the Pacific and South America, was one of the first Australian companies to […]
The Greek Environment Minister has approved the NAP for emission trading in the period 2008-12, national media reported. Greece will more than cover its commitments under the Kyoto Protocol, due to the approved NAP and other measures taken by the government, Environment Minister George Souflias said, according to news agency ANA-MPA. From 2008 through 2012, […]
The global carbon market will be worth €63 billion (A$100 billion) this year, while traded volume will amount to 4.2 billion tonnes of CO2-e, up 56% on 2007, according to a report compiled by Point Carbon. Outlook for 2008 reported that the market for allowances in the EU ETS will be worth around €46 billion […]
