EU airlines emissions framework likely to result in more price hikes; a windfall for airlines?

More price rises likely in row over emissions tax - Telegraph

Growing worldwide opposition to the European Union's Emissions Trading Scheme (ETS) could result in further increases to the cost of flights. This week an Indian government official said retaliatory measures to the scheme were being considered, including the possibility of new taxes and restrictions on flights from EU countries to non-EU ones. Discussions are due to take place next week, in either New Delhi or Moscow, between delegates of those countries that oppose the scheme.

Robert Charles' Trading Blog: Super-frack? Who do you think you are? Rick James?

Robert Charles' Trading Blog: Super-frack? Who do you think you are? Rick James?

Few energy industry practices have sparked more controversy than hydraulic fracking. First, wells are drilled horizontally below the surface, allowing a single bore or pathway to reach vertical pockets of oil and natural gas trapped between formations of shale and other rock. Then high-pressure jets of water, sand, and chemicals are pumped into the ground to create fissures through the rock so oil can seep out and be retrieved. Regulators, environmentalists, and academics are studying whether the practice can damage the environment.

Recycling fund has yearly returns of 11.5% since 2008

Environmental Finance | News | Recycling fund delivers 50% return since 2008

A UK recycling fund has reached £100 million ($157 million) in assets and delivered an almost 50% return since its launch in 2008. The open-ended New Earth Solutions Recycling Facilities Investment Fund is a sub-fund of the Premier Investment Opportunities Fund, which is quoted on the Channel Islands Stock Exchange. Since the fund’s inception, it has had a compound yearly growth of 11.5% in terms of share price and its total return has reached 46.6%.

Chevron loses appeal for injunction in its defense of its $18 billion Ecuador lawsuit

Chevron loses injunction in $18 billion Ecuador case | Reuters

(Reuters) - A U.S. appeals court threw out an injunction that Chevron Corp had won to block enforcement of an $18 billion judgment in Ecuador for polluting the Amazon jungle and damaging the health of residents.

Carbon financing needs the World Bank

World Bank sees carbon finance role for years | Reuters

(Reuters) - The World Bank's carbon finance initiatives will likely be needed for at least five years, as the United Nations struggles to create a self-sufficient, international carbon market, the manager of the bank's carbon finance unit told Reuters.

Don't Forget Your Favorite Fishing Hole Is A Carbon Sink

Temperate Freshwater Wetlands Are 'Forgotten' Carbon Sinks

Newswise — COLUMBUS, Ohio – A new study comparing the carbon-holding power of freshwater wetlands has produced measurements suggesting that wetlands in temperate regions are more valuable as carbon sinks than current policies imply, according to researchers.

Luminant Contributions Total $2.8M to University of Texas Carbon Management Program

Luminant Makes $500,000 Contribution to University of Texas Carbon Management Program - MarketWatch

DALLAS, Jan 26, 2012 (BUSINESS WIRE) -- For a sixth consecutive year, Luminant has made a significant contribution to the University of Texas at Austin's Luminant Carbon Management Program. This year's $500,000 gift brings the company's total program contribution to $2.8 million.

Leaked EU parliamentary draft says EU carbon too cheap

EU carbon too cheap, no mention of intervention-draft | Energy & Oil | Reuters

BRUSSELS, Jan 26 (Reuters) - Europen Union carbon allowances are far too cheap to encourage increased environmental investment, a leaked EU draft seen by Reuters said, but it stopped short of calling for the market intervention politicians and energy companies argue is urgently needed.

The Complete List of The Global 100 World Leaders in Sustainability

Global100.2012.CompleteResults.xlsx
The Global 100: World Leaders in Clean Capitalism - Complete 2012 Ranking Results

2012 Global 100 Most Sustainable Companies

2012 Global 100: The Definitive Corporate Sustainability Benchmark

The Global 100 is an annual project initiated by Corporate Knights Inc., the company for clean capitalism.  The Global 100 is the most extensive data-driven corporate sustainability assessment in existence, and inclusion is limited to a select group of the top 100 large-cap companies in the world. Launched in 2005, the annual Global 100 is announced each year during the World Economic Forum in Davos.

COMMENTARY - The Global 100 Most Sustainable Corporations in the World

Kesko on 'The Global 100 Most Sustainable Corporations in the World' list | Reuters

For 'The Global 100 Most Sustainable Corporations in the World' list, companies were assessed on 11 sustainable performance indicators in all areas of responsibility: economic, social and environmental responsibility. Environmental indicators were used to study the consumption of energy and water, waste produced and carbon dioxide emissions compared with revenue generated. Indicators affecting the assessment of social responsibility were the percentages of men and women on the Board of Directors, bases of pay and remuneration, and employee turnover.

California and Quebec will form the largest carbon market in North America

California and Quebec to link emissions trading systems - Politics - Renewable energy news - Recharge - wind, solar, biomass, wave/tidal/hydro and geothermal

“This will create the largest carbon market in North America and provide a model that can guide future efforts to establish a creative road map for future national approaches in Canada and the US to reduce greenhouse gas [GHG] emissions,” say WCI co-chairmen James Goldstene, executive officer of the California Air Resources Board (CARB) ,and Jim Whitestone of Ontario’s Ministry of the Environment.

CarbonDesk Ltd Headcount Slashed!

UK carbon broker CarbonDesk Ltd slashes headcount | Reuters

Jan 26 (Reuters) - London-based carbon broker CarbonDesk Limited has shed staff in a bid to help it emerge from administration by the end of February, the firm's co-founder told Reuters on Thursday.

Is Demand for CDM Auditors Dying?

Severe Drop in Demand Threatens Climate Action, Auditors Say - Bloomberg

A “severe” drop in demand for greenhouse gas audit firms threatens the world’s ability to protect the climate, said a lobby group for the companies that measure United Nations-overseen emissions reductions. The number of new projects entering the Clean Development Mechanism is this month heading for its lowest level since July, according to figures sent yesterday by the UN Framework Convention on Climate Change. The number of projects seeking verification by the firms is 159 so far this month, with three business days to go. That’s 28 percent less than the 221 projects entering the program last month. There were a record 276 in November.

Will The UK Ground Non-Carbon Compliant Planes?

U.K. Lawmakers Threaten to Ground Non-Carbon Compliant Planes - Bloomberg

Airlines using U.K. airspace should be grounded if they refuse to comply with the European Union’s greenhouse-gas emissions-trading system, according to a panel of lawmakers. Any country or operator that refuses to accept EU carbon- trading rules on aviation could alternatively face an increased Air Passenger Duty tax in the U.K., the British parliament’s Energy and Climate Change Select Committee recommended.

Carbon Trading News Headlines

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LATEST NEWS

• 26 Jan 12 12:24Marubeni to buy 1.5m Estonian AAUs
• 26 Jan 12 12:23Camco reshuffles board, names new CFO
• 26 Jan 12 12:18UPDATE 1: Broker CarbonDesk raises cash, cuts staff to stay afloat
• 26 Jan 12 11:11UPDATE 1: Lithuania sells 850k EUAs, lines up another EEX auction
• 26 Jan 12 10:30EUAs at new 1-mth high on chilly weather, firmer euro
• 26 Jan 12 10:05NZ carbon surges 7pct as foresters buy back permits
• 26 Jan 12 01:01UK MPs urge EU to prop up CO2 prices, slam UK price floor
• 25 Jan 12 22:42French bank to close voluntary CO2 credit registry
• 25 Jan 12 17:44EUAs rise 1 pct, shrug off fresh supply
• 25 Jan 12 17:21Alpiq’s CO2 trading desk under threat as jobs cut
• 25 Jan 12 17:15