EU and Switzerland to link carbon markets

The Swiss Federal Council has approved a deal to link the carbon markets of the nation with the European Union. The Emissions Trading System (ETS) aims to reduce the amount of greenhouse gas emissions generated by the sectors responsible for the most emissions. The European Commission has submitted its ratification to the EU Council for […]

Time to change carbon trading says business

Businesses say the carbon trading scheme in the EU must be changed to keep on track for a low carbon future. The European Union Emissions Trading Scheme (EU-ETS), should be reformed to reduce the amount of emissions allowance that is traded on the market said a group of European business leaders. In a letter sent […]

Carbon market could reach €70bn this year

Analysts predict the global carbon market will double in worth to around €70 billion (£46bn) over 2015. The Point Carbon team at Thomson Reuters says the higher prices in the European emissions trading scheme (EU ETS) already helped pushed the global value up by 15% during 2014 to €45 billion (£35bn). Carbon credits on the EU market finally hit €7.4 […]

UK: EU carbon market reforms must start in 2017

The UK Government is urging for tougher reforms to make the EU Emissions Trading System (ETS) work “more efficiently” and boost investment in clean technologies. DECC is calling for the so-called Market Stability Reserve (MSR), expected to address the emission allowances that has built up, to be brought forward to 2017 – four years earlier […]

Carbon markets ‘need to be linked’ for cross border trading

Emissions trading systems around the world need to be linked together according to International Emissions Trading Association (IETA). In its annual Greenhouse Gas Markets report the association said 2013 had been a good year for the development of carbon markets around the world. Although trading volumes had fallen in the European and Kyoto markets, it […]

Carbon market value plunges – but sees record trades

There was a record level of trading across the world’s carbon markets in 2012 with a third of the world’s emissions effectively traded – but the market is worth much less than last year. Carbon markets such as the EU Emissions Trading System and the UN-led carbon market are meant to curb air pollution by […]

UK rules world as carbon trading leader

The UK has confirmed its position as the global leader for traded carbon markets. London is now the hub for 90% of EU carbon trading and 80% of global trading, generating a £90 billion market, according to DECC. This was confirmed at the UK’s first auction for Phase III of the EU Emissions Trading Scheme […]

California launches carbon market

American state California launched its carbon market last week, becoming the world’s second biggest market with more than 60million carbon permits. The cap and trade scheme is designed to help the ‘Golden State’ (pictured) cut greenhouse gas emissions back to 1990 levels by 2020. California’s Air Resources Board (ARB) kicked off proceedings with an auction […]

Australia to link with EU emissions trading scheme

Australia and the EU took a step towards an international carbon trading market after today announcing they will fully link their emissions trading systems in 2018. This means carbon credits under both schemes will count in either system, the EU’s Climate Commissioner and Australia’s Minister for Climate Change and Energy Efficiency said today. The two […]