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Latest European Union Emission Trading Scheme Stories

2010-05-27 11:43:00

Case Referred to European Court of Justice WASHINGTON, May 27 /PRNewswire-USNewswire/ -- The Air Transport Association of America (ATA), the trade organization for the leading U.S. airlines, said today that it was pleased that the English High Court will allow ATA permission to proceed with its legal challenge to the unilateral extension of the EU emissions trading scheme to international aviation. The High Court will shortly refer the case to the European Court of Justice (ECJ) in...

2010-05-26 07:21:00

LONDON and JOHANNESBURG, May 26, 2010 /PRNewswire-FirstCall/ -- Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is set to become the world's first gold mining company to sell Certified Emissions Reductions (CERs), the financial securities used to trade carbon emissions. Gold Fields will derive the CERs from the capture of methane gas at its Beatrix Gold Mine in South Africa's Free State province. The company will sell 1,700,000 CERs to European energy trading company...

2010-05-05 09:00:00

NEW YORK, May 5 /PRNewswire/ -- Trayport Limited, the leading provider of multi-asset broker trading solutions, today announced its GlobalVision Broker Trading system will be used by CarbonDesk. CarbonDesk (http://www.thecarbondesk.com) is an independent emissions broker offering clients dealing in all major emissions products both on-exchange and OTC. Based in London, CarbonDesk's clients include industrial companies with compliance obligations under the European Union's Emissions...

2010-04-28 07:59:00

PARIS and LONDON, April 28, 2010 /PRNewswire/ -- - Now Ready to Process Applications From Airlines and Business Aviation Operators VerifAvia, the first EU Emission Trading Scheme (EU ETS) verification body dedicated to the aviation sector, announced today its readiness to process applications from airlines and business aviation operators for pre-verification and verification audits. The company, which was recently created to respond to the needs of the aviation sector for expert...

2010-04-01 09:39:00

LONDON, April 1, 2010 /PRNewswire/ -- The recession made emissions from industrial plants included in the EU's emissions trading system (ETS) plunge by 11% in 2009. Overall, the EU handed out more free carbon allowances than were actually needed for plants to comply with their 2009 emissions. Even though some plants still faced a shortfall in 2009, this number is smaller than the surplus held by others in the system. The result is that most plants could earn money by selling...

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2009-09-30 13:00:00

Delegates at UN climate talks in Bangkok on Tuesday were urged to include plans to reward nations for saving their forests in any deal on global warming, AFP reported. The survey, released by WWF International, a leading environmental group, said that investors showed "significant support " for a carbon market mechanism, which would address the estimated 20 percent of global carbon emissions due to deforestation. Thailand is hosting the meeting of officials from 192 countries who have...

2009-08-04 05:31:00

LONDON, Aug. 4 /PRNewswire/ -- Phase II of the European Union Emission Trading Scheme (EU ETS) and the global economic downturn have commenced around the same time. The most affected industries had to undergo production cuts and significant layoffs in an effort to reduce their costs. This resulted in lower emissions, and consequently, reduced the European Union allowance (EUA) price. (Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO) New analysis from Frost & Sullivan...

2009-04-14 01:30:00

LONDON, April 14 /PRNewswire/ -- Despite a short-term reduction, electricity prices are estimated to rise by 10 - 15% in 2013, following the tightening of restrictions on emissions levels. This has caused concern amongst intensive energy users such as the steel, aluminium, cement and paper industries. They fear that the price increase, along with other related factors, will significantly increase their costs at the time when they will still be recovering from the current economic slowdown....

2008-09-26 15:00:38

GENEVA, September 26 /PRNewswire/ -- Mercuria Energy Trading S.A. of Switzerland has won an auction by the Sao Paulo Municipal Government in Brazil of 713,000 certified emission reduction (CER) credits, representing 713,000 tons of CO2 equivalent. The winning bid was 19.20 Euros ($28.20) per credit-a total of over 13.68 million Euros. The auction took place under the framework of the Kyoto Protocol, an international treaty under which signatory nations agree to create a market for carbon...

2008-09-11 06:00:31

Phase I of the EU Emissions Trading Scheme saw some of the heaviest polluting countries - such as Poland - reap windfall profits following the over-allocation of free carbon credits. In Phases II and III, however, Poland and its smaller central and Eastern European neighbors face the reverse situation, having been disproportionately targeted by Brussels. It is widely argued that Phase I of the EU Emissions Trading Scheme (EU ETS) delivered increased electricity prices, sub-optimal carbon...


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ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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