GOGREEN Service From Barclays and DHL Launched

Companies transporting goods in the Asia Pacific region should find it easier to become more environmentally responsible, following the launch of a new joint service by Barclays Capital and DHL Express. The so-called GOGREEN Carbon Neutral service calculates the carbon emissions incurred in individual shipments.  The shipping company can then offset some or all of these carbon emissions in recognised carbon management programmes.  These schemes range from hydro power plants in India to wind farms in China.

Each company also receives annually audited independent verification of the amount of carbon offset achieved. This ensures that the scheme s transparent and credible. Under the GOGEEN Carbon Neutral service, it is also possible to offset emissions resulting from air transportation.

The initiative is part of wider environmental policies within both Barclays Capital and DHL Express.  In 2007, Barclays set itself the goal of becoming carbon neutral.  It achieved this status in 2009 and to date has purchased and cancelled a million carbon credits.  By the end of this year, the banking giant hopes to have reduced the amount of carbon emissions relating to each employee worldwide by 6%.

Similarly, DHL Express, as one of the world’s largest transportation firms, actively seeks out ways of minimising its carbon footprint. It has set itself the target of improving carbon efficiency by 30% in the next decade. The GOGREEN project will contribute towards this reduction.

To find out more about investment opportunities in carbon credit trading talk to 360 Invest Group today.

The EU Will Exceed 20% Green Energy Target

A report by the European Wind Energy Association (EWEA) has found that the European Union (EU) will exceed its target of meeting 20% of its energy needs from renewable sources by 2020.

Out of the 27 member states, 25 expect to meet or exceed their national targets, EWEA said, based on its analysis of national action plans submitted by EU governments to the European Commission.

"Taken together, the action plans show that the EU-27 will meet 20.7 percent of its 2020 energy consumption from renewables," said Justin Wilkes, policy director at EWEA.

Spain has said it is expecting to surpass its goal by 2.7% and Germany by 1.6%. Luxembourg and Italy, which are predicted to fall short of their national targets by 2.1% and 0.9%, said they plan to import renewable energy from other countries to make up the shortfall.

This shows the growth in the environmental markets, despite the global downturn of the past few years. The carbon credit markets will continue to grow as the target dates near.

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EEX Sets Trading Expansion Priorities

The European Energy Exchange said expanding its carbon-dioxide trading is a priority as the European Union moves toward auctioning permits in the world's biggest such market.

EEX, based in Leipzig, Germany, is continental Europe's largest energy exchange for emission rights, power, natural gas and coal. The platform started handling carbon sales for Germany's Environment Ministry this year and is preparing to take part in a tender to become an operator for the planned EU auctions in 2013, Managing Director Oliver Maibaum said.

"Our top priority is to play a bigger role in the carbon market," Maibaum said today in an interview at the EMART conference in Amsterdam. "The volumes will be bigger after the EU starts auctioning. This already attracts many players and the feedback from our traders is that there's more potential."

The EU, which has given away the majority of allowances since its emission-trading system started in 2005, will require most emitters to buy their permits when its third phase starts in 2013. The bloc will auction about 60 percent of the total in the first year and increase the proportion in following years, according to estimates from the European Commission.

The cap for CO2 discharges for 2013 has been set at 2.04 billion tons, valued at about 31 billion euros at today's price. This limit includes aluminum and chemical makers that join the program in the third phase. An adjustment is also planned for airlines that will become part of the system from 2012.

Maibaum said the EEX was in negotiation for more market makers to boost liquidity from its current four in each gas and power trading and two for carbon. The exchange plans to add time spreads for EU carbon allowances to its current offer of spot and futures.

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Africa to get Carbon Trading Hub

Kenya is planning to create a carbon credit trading market in order to help drive greenhouse-gas emissions reduction activity within the country and across Africa.

The government is creating a carbon offset trading platform to help kick-start foreign investment in renewable energy and forestry projects under the UN’s CDM mechanism.

Kenya’s largest forest and water areas, the Mau and Aberdares, are believed to have the potential to deliver billions of dollars in avoided deforestation credits for preserving and restoring these natural assets. The Mau forest has been reduced by 40 per cent in recent decades due to logging and land-clearing, and carbon credit trading will help reduce this.

The UN CDM has seen more than 5000 projects developed around the developing world over the last six years, but Africa has largely missed out with less than 150 getting off the ground. Kenyan authorities say the trading platform could make Nairobi a carbon trading hub in such projects for the whole continent.

The government has established a carbon finance unit in the Ministry of Finance and says the country’s public debt could be paid off with carbon revenues in six years, according to the head of the Carbon Financing Unit, Erastus Wahome.

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For more information about carbon trading, speak to one of our consultants at 360 Invest Group today.

China Enters Emissions Trading

The EU has begun advising Beijing on the establishment of an emissions trading market in China in order to cut greenhouse-gas emissions.

The entrance of the world’s second largest economy into the carbon market will boost the size of the market and help it grow.

Officials from China’s National Development Reform Commission (NRDC), the government’s central economic planning agency, met with EU climate officials over two days in Beijing recently, according to the China Daily.

The EU operates the world’s largest carbon emissions cap and trade scheme issuing tradable permits for two billion tonnes of CO2 emissions per year from 11,000 high-emitting power and manufacturing installations.

Jos Delbeke, director-general of the European Commission’s climate office in Brussels said his team shared the experiences and expertise gained from the EU ETS and the two delegations discussed the operational details of a carbon system.

China has a target to reduce the emissions of its economic output by up to 45% by 2020.

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Carbon Offset Investors Have Long-Term Confidence

Investors in the United Nations' Clean Development Mechanism (CDM) now have more confidence in the carbon offset market after 2012 after the number of post-2012 carbon credit deals rose in recent weeks.

On Thursday, UK-based project developer Camco International reported for the first time that it had secured options in CERs due to be issued after 2012 because of more interest from buyers and more market transactions taking place.

"The market has evolved. There is a tangible value for post-2012 credits," Yariv Cohen, Camco's chief carbon officer, told Reuters.

In a project development update, Camco said it has contracts for a risked 28.1 million tonnes and holds contractual rights of up to a further risked 27.6 million tonnes.

This week alone saw three post-2012 deals announced.

A consortium agreed to buy 2 million pre-2012 and post-2012 CERs from a Moroccan wind farm project, while Vitol SA bought 8.5 million CERs from carbon asset manager KYOTOenergy Pte, of which 92 percent are expected to be issued after 2012.

German chemical company Lanxess invested 7 million euros ($9.67 million) in an Indian biomass project to earn post-2012 CERs, Point Carbon reported.

In September, French carbon investor CDC Climat set up a subsidiary to manage 60 million euros of investment in carbon assets, including post-2012 credits.

"Demand been up for a quite a while. People are making sure they are positioned properly for 2012," said Simon Glossop, partner at CF Partners.

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For more information about carbon investing, speak to one of our consultants at 360 Invest Group today.

EU Tightens Emissions Limits

The European Union has tightened emissions limits for 2020, which is likely to boost demand for carbon credits as governments and companies try to stay under the allowance.

The Carbon Markets & Investors Association, a lobby group of banks and greenhouse-gas-trading companies, has said it supports this adoption of tighter limits. The group would support a unilateral target of a 30 percent cut in emissions from 1990 levels by the end of the decade, the lobby said today in an e-mailed statement. The current target is for a 20 percent reduction.

The EU is setting rules this year for the third phase of its carbon market, the eight years through 2020. The second phase runs for the five years through 2012.

“The global economic downturn has had the effect of leaving many installations covered by the EU emissions trading system with an excess of Phase II allowances that can be banked into Phase III,” the association said in the statement.

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International Aviation Companies Agree to Emissions Trading

The European Union claimed victory at an international aviation meeting, saying the participants accepted the EU’s plan to cap emissions by domestic and foreign airlines serving Europe as of 2012.

The European Commission, the 27-nation EU’s executive arm, also said the International Civil Aviation Organization reached a “breakthrough” agreement at its meeting that ended yesterday to curb global aircraft discharges of greenhouse gases beginning in 2020.

Such pollution is blamed for global climate change, which the EU is handling in part by adding airlines to its emissions trading system in less than 15 months.

Emissions from international aviation account for 2% to 3% of global greenhouse gas discharges and their share is expected to rise in the coming decades as the industry grows, according to the EU.

The EU carbon market, started in 2005, is the world’s largest. It covers about 12,000 installations that produce energy or goods ranging from paper to cement. Emitters must have an allowance for each ton of carbon dioxide they let off. Those producing more than their allowance have to buy more; those that emit less can sell their surplus.

The bloc is on track to reduce greenhouse gas emissions by 20 percent this decade from 1990s levels and said it’s ready to deepen the target to 30 percent if other countries follow suit.

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Green Investment Bank to boost UK's Low Carbon Status

The coalition government in the UK has released details of a potential Green Investment Bank.
The released report focuses on the importance of the UK becoming a low-carbon economy, reducing emissions, offsetting carbon and investing in the growing green energy markets.
The report finds that private sector investment will be crucial in shifting the country to an eco-friendly economy.
The general secretary of the TUC commented, saying the bank would be a, "major step towards the crucial goal" of making the UK into a "world-leading green economy".
The bank has been described as carrying out investments with a social purpose as well as creating income streams for investors. Its job will be to raise the necessary equity and debt finance to fund nuclear power stations, wind farms, smart grids and other green energy projects.
The move is seen as indicating further interest in green energy investment in the UK and across the world.

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To find out more about green energy investments, contact 360 Invest Group today.

New Zealand Farmers Look to Carbon Credits

In New Zealand, sheep outnumber humans 9 to 1, and this crucial sector of the economy is now proving profitable in more then just wool and lamp chops. Sheep farmers are planting tree farms that could prove valuable when the country's agricultural sector is forced to pay for greenhouse gas emissions starting in 2015.

Prime Minister John Key's government in Wellington has said a carbon trading regime will boost the country's green credentials and clout in global climate talks. The government's carbon program is also a welcome opportunity for some sheep farmers, struggling against slumping wool prices, drought, and competition for land from the dairy and lumber industries, to diversify, says Neil Walker, a forester in the Taranaki region of New Zealand's North Island.

Although New Zealand was the world's largest sheep meat exporter last year, the number of sheep have fallen from a 1982 peak of 70 million to about 40 million, official data show. New Zealand's carbon trading system requires polluting industries to buy credits that allow them to emit certain amounts of greenhouse gases, while businesses that reduce emissions can earn credits and sell them to polluters.

Farmers who convert their land from sheep grazing to planting trees could add $172 per acre in value each year to their land holdings, says David Evison, a senior lecturer at the University of Canterbury's New Zealand School of Forestry. Forests planted for carbon credits may increase to 74,000 acres, or about 0.27 percent of all pasture and grass land a year, compared with about 8,650 acres in 2009, the government estimates. "It turns forestry into a cash-flow business," says Evison.

Edwyn Kight, a farmer on New Zealand's North Island, sees the upside from the shift to forestry. He says carbon farming could improve the profitability of hill country property if converted to tree farms. "That land is not marginally economic for raising sheep and cattle, it's totally uneconomic," Kight says from his nearly 8,900-acre Akitio Station. He's planted about 1,500 acres of forest since carbon trading began and plans almost 2,000 more.

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Japanese Carbon Trading Sees Prices Soar

A pioneering domestic carbon trade in Japan has seen emissions reduction credits change hands for 12,000 yen per tonne, or U$S142, Reuters and Point Carbon report.

Tokyo's mandated emissions trading scheme (ETS) launched in April and obligates 1400 large-emitting factories and commercial businesses to cut emissions by 7 per cent overall over the four years to 2014. The scheme only covers 1 per cent of national emissions but is seen as a forerunner to a possible nationwide ETS down the track.

The Tokyo transaction was for a small parcel of credits over 22 tonnes of emissions reductions from an energy efficiency project operated by Daiwa House Industry and Taisei Rotec, Reuters reports.

The sale price is more than seven times the $19 a tonne prevailing price of allowances in the EU ETS and nine times the $16.70 a tonne for CERs, the carbon offsets generated under the UN CDM scheme.

The Tokyo trade took place via an online marketplace owned by Sojitz Corp and Smart Energy.

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Welcome to 360 Invest Group - The New Standard in World Investment

Here at 360 Invest Group, we pride ourselves on isolating and identifying unique investment opportunities throughout the world. Gearing most of our projects towards the alternative investment market, we provide a rare look at the world of investing with the maxim of minimizing risk and maximising profits. Our team of investment professionals are dedicated to make sure that our clients receive not only great investment advice, but also great business relationships with us.

Visit our website www.360investgroup.com to learn more about our investment projects.

360investgroup launch new natural gas project

360investgroup Launch Yet Another Award Winning Natural Gas Project in Mongolia

With its new natural gas project in Mongolia, the 360invest group brings you the opportunity to invest in a fast developing industry, in a fast developing economy.

Also, here at the 360 Invest Group, we pride ourselves on isolating and identifying unique investment opportunities throughout the globe. Gearing most of our projects towards the alternative investment market, we provide a rare look to the world of investing with the maxim of minimizing risk and maximising profits. Our team of investment professionals are dedicated to make sure that our clients receive not only great investment advice, but also great business relationships with us.

 

A Sustainable Energy Option

The 360investgroup is aware of the fact that natural gas will in the not so distant future become a more favourable energy option when compared to others such as coal and petroleum ( althpough dont rule out nuclear). This will be due a number of reasons. First, the other natural resources will be in shorter supply, so production will not be possible. Secondly, though the supply will be reduced, the demand for fuels will not decrease. If anything it will increase. As a result, the price for items for such as petroleum and coal will be higher, while natural gas is likely to still be a cheaper alternative. Though a lot of industries do not use natural gas as a main source of energy, newer technology will make them do so in the future, as they begin to understand that without it they will not be able to survive and run their businesses profitably.

 

360investgroup market leaders in sipp approved alternative invetsments

360investgroup vcs carbon credits

Energy Efficient Retrofits in New York

A jobs programme in New York State is helping residents retrofit their homes to become more energy efficient.  The Green Jobs/Green NY financing programme provides low cost loans so that those who qualify can conserve energy.  This will not only save them money on their monthly utility bills but will also help to decrease overall demand for energy, which will in turn reduce the number of power plants the state needs to build and maintain.

NYSERDA, the state agency in New York for energy research and development, has released participation data for January and February, revealing that those two months reflect record participation in the programme.  In the first month of 2011 alone over 800 homes were retrofitted.

Low cost loans are not the only service provided through the programme.  Homeowners who qualify can also receive energy audits of their home to help them understand their true energy needs and how those needs can be reduced.  Audits are available free or on a low cost basis.

At present the programme serves only single family residences, but plans are underway to open up participation to other types of buildings in the near future, including multifamily dwellings and small commercial establishments.  Not-for-profit institutions will also be allowed to participate in the expanded programme when it gets underway.

Alternative investments in retrofitting technologies can help create jobs as well as preserve the environment through the energy savings realised through programmes such as this one in New York.

www.360investgroup.com

Carbon credit markets in possible merger

360investgroup

Europe's commissioner for climate action on Tuesday confirmed for the first time plans to link the EU emissions trading scheme (ETS) with California's carbon market which opens next year.

Connie Hedegaard met with California's governor, Jerry Brown, and Mary Nichols, who chairs the Californian Air Resources Board, in Sacramento to discuss how future co-operation might work to join the world's largest and second largest carbon markets.

contact 360investgroup today for the latest information on carbon credits and how to invest in carbon trading

EU Carbon Rises, Has Biggest Weekly Gain in Two Years on Outages

European Union carbon permits for December rose, posting their biggest weekly gain for two years, after Germany decided to close 7 gigawatts of nuclear capacity.
Carbon allowances for December rose 2.6 percent to close at 17.22 euros ($24.41) a metric ton on the ICE Futures Europe exchange in London. They had a weekly gain of 9.5 percent, the biggest jump since March 2009.
Lower generation of nuclear power will require power utilities to burn more fossil fuels, boosting emissions and demand for permits. Japan upgraded its warning for parts of the Fukushima Dai-Ichi plant from a four to a five on a seven-level international scale, the International Atomic Energy Agency said yesterday. The five rating is for accidents with wider consequences. The worst nuclear accident, Chernobyl in 1986, rated seven.
“The longer the situation in Japan remains critical, the greater political pressure in Germany to keep the 7 gigawatts offline,” Mark Lewis, an analyst in Paris with Deutsche Bank AG, said today by phone. “I think it is now looking increasingly likely that at least 1 to 2 gigawatts of the 7 gigawatts will not be brought back into service.”

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Diversified investors should look to have 40 per cent of their portfolios in Carbon

Climate change forces new look at investor risk

Diversified investors should look to have 40 per cent of their portfolios in assets that are primed for the impacts of climate change, according to an advisory report to the investment industry.

The report, Climate Change Scenarios: Implications for Strategic Asset Allocation, was drafted by asset consultants Mercer, which advises big institutional investors, such as pension funds. Mercer concluded that climate change will force these highly diversified investors to re-balance their portfolios according to sources of risk, rather than the traditional approach purely according to asset classes.

Mercer says investors should bear in mind three areas of change: energy efficiency and technology; societal shifts, such as in health and food security; and shifts in policy, particularly in carbon emissions reduction.

In light of this, a range of “climate sensitive” areas were identified for returns and risk management potential emerging from the most likely climate change scenarios emerging over the next two decades. The report identifies listed shares, infrastructure and private equity as the best asset classes for investment in the recommended areas of timberland, renewable energy, energy efficiency and other sustainable assets. Investment opportunities in low-carbon technology could be as high as $5 trillion by 2030, the report states.

The report warns that weather extremes expected in a warming world, such as drought, floods and storms, could contribute 10 per to portfolio risk by 2030. But investors must not only take account of environmental damage, but anticipate policy changes designed to tackle the climate problem.

In the most likely of four global policy settings to emerge by 2030, action on climate change would be in place on a regionally divergent basis with some nations taking stronger measures to cut emissions than others, but no more than medium ambition overall. A carbon price of $110 per tonne could be expected in this scenario by 2030, the report says.

 

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News source : Carbon Positive

First Green Climate Fund meeting will take place next mo

UN climate chief urges governments to deliver on Cancun pledges

Christiana Figueres confirms first Green Climate Fund meeting will take place next month.

The UN's top climate change official has issued a timely call for governments to accelerate efforts to deliver on last year's Cancun Accords, ahead of the year's first official round of international climate negotiations in Bangkok next month.

Diplomats are scheduled to recommence negotiations at a meeting in Bangkok scheduled to run from April 3 to 8. The conference is intended to provide an update on progress against the Cancun Accords and agree a work-plan for this year's negotiations, which will culminate in December at the COP 17 summit in Durban, South Africa.

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SIPP investments

source of article: Business green

Nairobi opens new carbon credit exchange - 360investgroup

Nairobi opens new carbon credit exchange

Kenya is better placed to emerge as a regional carbon emission trading hub.

The exchange is modelled after the Chicago and Australia carbon exchanges but several aspects of the two have been domesticated.

The exchange has put Kenya on the global map of advance in the trading of carbon credits and will trigger more investments in development of clean, efficient energy and afforestation projects.

360investgroup

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In the news this week.....

Korea unveils carbon scheme rules
South Korea has outlined detailed rules for a scheme that will impose emission targets on over 1,500 facilities this year.

Nefco buys post-2012 CERs from Laos hydro project
Nefco has signed a deal to buy 140,000 CDM credits from a project in Laos that aims to generate carbon credits eligible for the EU ETS after 2012.

EU steel production rises 7.5%
Steel production in the 27-nation bloc rose 7.5 per cent in the first two months of 2011 compared with the same period a year ago, industry data showed on Monday.

Hungary should donate AAUs to Japan, opposition says
Hungary’s main opposition party has urged the government to donate 10 million emission rights to quake-stricken Japan to help Tokyo meet its Kyoto target.



360investgroup market leaders in carbon trading

Major UK retailer to buy 1 million voluntary offsets

Major UK retailer to buy 1 million voluntary offsets

Published: 22 Feb 2011 17:29 CET Last updated: 22 Feb 2011 18:07 CET

Source - point Carbon

 The UK’s Co-operative Group could buy around 1 million voluntary credits by the end of 2012.
 The group, which is owned by its members and is a major player in UK food retail and financial services, said Tuesday it may have to buy around 1 million offsets in order to meet a target announced last Friday to become carbon neutral by the end of 2012.

“Our emissions were around 1.1 million in 2009 and we reckon we will need something near that number to be carbon neutral,” said Ben Norbury of the Co-operative.

The Co-op’s move to become carbon neutral in such a short space of time – part of a multi-pronged ‘Ethical Operating Plan’ – means it will become one of the UK’s biggest buyers of voluntary offset credits.

Co-op, which employs 120,000 in the UK, also aims to double its support for clean energy to £1 billion ($1.62 billion), cut the group's operational carbon emissions 35 per cent by 2017 and ensure that financial products offered by the company are not involved in funding fossil fuels.

Previously, Co-op has only bought tens of thousands of offsets, but is now ramping up its purchase plan to offset emissions across the group’s operations, particularly energy consumption at its stores and offices, as well as distribution and transport.

Projects

Co-op buys credits from the Voluntary Carbon Standard (VCS), one of the main industry standards in the voluntary market.

The offsets are sourced by JP Morgan Climate Care from projects that can demonstrate wider environmental and sustainable development benefits, such as treadle pumps in India and efficient cooking stoves in Cambodia.

“The use of treadle pumps in India, rather than diesel-based generators, cuts emissions and helps farmers in other ways, such as improving harvests and delivering greater income,” Norbury said.

Co-op will buy from similar projects in the future but on a much larger scale, Norbury said, providing a much-needed boon for the voluntary carbon market.

Since 2008, the non-compliance market has been struggling in the face of the economic downturn and lack of a future US trading scheme, where voluntary credits might have been eligible.

Carbon Neutrality

Edward Hanrahan, a spokesman for the International Carbon Reduction and Offset Alliance (Icroa), said that demand from UK companies for voluntary market offsets was likely 12 million tonnes last year, catapulting the Co-op into the upper tier of buyers.

Other major UK-based buyers of voluntary offsets include the London-based operations of HSBC bank, Barclays Bank, and US-owned Land Rover, a UK brand of offroad vehicles.

Despite the lingering impact of the economic downturn on the willingness of companies and consumers to offset, demand in the UK’s voluntary market, Europe’s largest, may pick up this year as companies aim to meet carbon neutral targets, said Hanrahan, who is also head of sales at JP Morgan Climate Care.

Marks and Spencer, one of the UK’s biggest food and clothing retailers, may have to buy voluntary credits by the end of next year to meet a £200 million commitment made in 2007 to become carbon neutral by 2012.

Source - Point Carbon

latest carbon credit project now available from 360investgroup

EUAs up 5% on German nuke closures, energy prices

EUAs up 5% on German nuke closures, energy prices
Front-year EUAs gained 85 cents on Monday, ending at their highest level in over 10 months on surging gas and power prices and reports of looming German nuclear plant closures.

360investgroup

New study flags $60 carbon price

360investgroup

ELEANOR HALL: An Australian National University report says a price on carbon may have to be set at $60 a tonne if it's to drive down Australia's greenhouse gas emissions.

The study also calls for the Government to prioritise income tax cuts over industry assistance. The Government won't endorse the report's findings, but says it welcomes discussion about the issue.

In Canberra, Naomi Woodley reports.

NAOMI WOODLEY: Doctor Frank Jotzo is the Director of the Centre for Climate Economics and Policy at the Australian National University's Crawford School.

His latest paper on carbon pricing is released today and, in his view, the Government's decision to pursue a carbon tax followed by an emissions trading scheme should keep the economic impact of introducing a carbon price manageable.


Source: ABC News -

360investgroup

UK government to create carbon floor price rules in April

(Reuters) - Britain's Treasury will set a legal framework next month to create a floor price for carbon emissions, the government said on Tuesday, whilst announcing a wider plan for encouraging low-carbon investments.
The floor price is a substantial part of the government's electricity market reform (EMR) proposal as it puts a minimum tax on carbon-intensive power generation, which indirectly rewards producers of greener energy.
The government also announced on Tuesday in its Carbon Plan that it would award 1 billion pounds ($1.6 billion) to Britain's first carbon-capture and storage (CCS) project by the end of this year and publish a second-round projects shortlist by May 2012.
CCS project developers in Britain are bidding for a share of a pot worth up to 9.5 billion pounds to find the most adequate technology for catching and burying climate-warming emissions from gas and coal-fired power plants.
British Prime Minister David Cameron, Deputy Prime Minister Nick Clegg and Energy and Climate Change Secretary Chris Huhne launched the Carbon Plan on Tuesday, which also sets a deadline of June 2011 for the Department for Transport to formulate a strategy for electric vehicle infrastructure.
The government's Department for Business is also due to launch the Green Investment Bank by September 2012, and the first figures on how much it has lent and invested will be available by May 2013, according to the plan.
"This Carbon Plan sets out a vision of a changed Britain, powered by cleaner energy used more efficiently in our homes and businesses, with more secure energy supply and more stable energy prices, and benefiting from the jobs and growth that a low-carbon economy will bring," the three ministers said in a joint statement on Tuesday.
Chris Huhne will this week sign a memorandum of understanding with the Local Government Association, clarifying how local government can reduce carbon emissions from operations.
The central government has already required a 10 percent reduction in emissions from its own buildings by May.
Since last August, councils have been permitted to sell green energy produced on their own sites to the national grid as a source of additional income.
GREEN APPRENTICESHIPS
The British government also announced on Tuesday that it would provide funding for at least 1,000 new apprentices to be taught skills relating to energy-saving equipment, such as insulation installation and energy-efficient heating systems.
The apprentices will help support the government's Green Deal, a program which allows households to receive energy-saving equipment paid for through savings made on their power and gas bills and which will start in autumn 2012.
"The Green Deal is likely to support 100,000 jobs by 2015 and up to 250,000 when it reaches its peak and will be great news for local economies with local firms encouraged to get involved in this new exciting industry," Huhne said.
(Reporting by Karolin Schaps, editing by Jane Baird4)

360investgroup

carbon trading

Seven EU ministers push for deeper CO2 cuts

By Pete Harrison

Mon Mar 14, 2011 1:18pm EDT

Such cuts would not only help protect the climate but would also shelter Europe from future spikes in the price of oil, said a joint statement from the ministers, among them those of Spain, Denmark, Portugal, Sweden and Greece.
"This is about creating a new economy in Europe," Chris Huhne, Britain's secretary of state for energy and climate, told Reuters. "We need to get the carbon price up and send clear investment signals to industry."
The statement came at a meeting of the EU's 27 environment ministers in Brussels on Monday and one week after EU climate commissioner Connie Hedegaard laid out a strategy showing a low cost route to 25 percent emissions cuts in 2020.
"The Commission's roadmap demonstrates ... that we already have the tools and policies to cut emissions by 25 percent domestically," the ministers' statement said.
"The case to move to a 30 percent target by 2020 is now stronger as a result."
Europe is deeply divided over the wisdom of deepening emissions cuts in the current economic crisis, with some big industries such as steelmakers fearing the added costs will push them out of business.
Other industries say continued reliance on costly imports of fossil fuel is a bigger threat to the economy.
"It will increase the continent's resilience against oil price spikes and reduce its dependence on imported energy," said the ministers' statement. "And it will help Europe compete with emerging economies in the fast-growing markets for green goods and services."
NEW CARBON TAX
It was not immediately clear, however, whether the statement had full government backing in countries such as Germany, where not all government departments see eye-to-eye on the issue.
Hedegaard told reporters the first serious EU discussion of deeper cuts would be at an informal meeting of environment ministers in Budapest on March 26.
"They will come with their more profound views ... then we'll take stock," she said.
Huhne said the statement represented the view of the whole British government and that Britain would aim to get there using a range of technologies, most important of which is energy efficiency.
"I'm completely technologically agnostic on this," he said. "It's not my business to play God by picking winners in one sector or another."


360investgroup

carbon trading

BRUSSELS, March 14 - The European Union should deepen cuts to greenhouse gases beyond the current 20 percent target by the end of this decade, according to environment ministers from seven EU countries including Britain and Germany.

Barclays:California could face steep carbon prices

California could face steep carbon prices: Barclays

Published: 02 Feb 2011 17:23 CET Last updated: 02 Feb 2011 19:25 CET

Emitters may pay $70/t to comply with California GHG limits in 2018-2020, Barclays projects.

In a research note released today, the bank's London-based analysts assessed the California cap-and-trade market, which is set to begin trading in January 2012.

In 2016, the market should cover 400 million tonnes of carbon dioxide equivalent – a fifth of the European carbon market that year.

The economy-wide cap-and-trade scheme is one of several measures aimed at lowering greenhouse gas emissions to 1990 levels by 2020 - enshrined in the state’s AB 32 law.

The achievement of other complementary state policies, such as an aggressive renewable energy standard (RES), a low-carbon fuel standard for transport fuels, and vehicle emission standards will have a significant impact on carbon prices, the analysts said.

In addition, the availability of offsets emitters can use in the cap-and-trade programme will have a notable effect on carbon prices.

In the programme’s first compliance period, from 2012-2014, prices will be modest as the market will have an adequate supply of allowances (CCAs) and offsets (CRTs), according to the note.

Phasing in
In this initial phase, only industry, power - including imports - and oil refiners will be covered. Emitters are likely to pay $12 when trading begins in 2012 and an average of $16 over the entire compliance period, the analysts predict.

In early pre-compliance trading over-the-counter, traders have said the 2012 delivery contract was bid at $14.00, with an asking price of $14.50. Prices have been rising steadily since December when regulators finalised the cap-and-trade rules.

But as demand for CCAs and CRTs increases with the entry of suppliers of oil products, natural gas and LPG into the market, the analysts said prices will average $40 in the 2015-2017 period.

Forward hedging of liabilities for the third compliance phase (2018-2020) will pressure prices in the second period and “use up any slack in the system,” according to the research note.

Given the shortness of the market starting in the second compliance phase, allowances from a special “price control reserve” will likely be brought to market in 2018, when prices are expected to hit the reserve trigger of around $80.

Roughly 124 million allowances will be held in the reserve throughout the three compliance periods, the bank said.

This means that prices would range around the average reserve price of that period of around $90, meaning prices would average $73 from 2018-2020.

To view the full story by Valerie Volcovici – vv@pointcarbon.com visit pointcarbon.com

carbon trading
carbon credits

360investgroup Carbon spot price

Todays Spot price:

EUA and CER OTC prices                                
Delivery        EUA     EUA     CER     CER     EUA-CER
        Close   Change  Close   Change
Spot    15.48   -0.07   11.90   -0.08   3.58
Dec-11  15.84   -0.08   11.84   -0.09   4.00
Dec-12  16.49   -0.11   11.66   -0.09   4.83
Dec-13  17.64   -0.11   N/A     N/A     N/A
Dec-14  18.55   -0.08   N/A     N/A     N/A
Dec 11-12 strip 16.17   -0.10   11.75   -0.09   4.42


360investgroup carbon credit trading

EU Regulation May Add €10 to Price

EU Regulation May Add €10 to Price 

Barclays Plc have said that the new European Union (EU) option of setting aside 800 million surplus carbon allowances may add $10 Euros a ton to credit prices in 2013.
The EU carbon market, where benchmark prices are up 14 percent from a year ago, has an oversupply of about 460 million allowances for the five years through 2012, analysts led by Trevor Sikorski at the Barclays Capital investment bank in London said today, with the EU planning to remove these and set them aside. This would probably mean a "tight market, greater price volatility and an almighty scramble for allowances," Sikorski said. The bank forecast that EU prices will be 30 euros a metric ton in 2013. A 10 euro jump would represent a surge of 33 percent.
EU carbon for December rose 0.6 percent to 15.08 euros a metric ton on the ICE Futures Europe exchange in London as of 2:20 p.m. It traded earlier today as high as 15.14 euros a ton, the most since Feb. 3.
Investors in carbon credits before the EU option may benefit from volatility, and the tightened supply could lead to significant profit taking.

360investgroup

Climate Change

Climate Change - The Facts

The vast majority of the scientific community is in consensus that climate change is happening and human activity is almost certainly the cause. In the last 100 years the Earth has warmed by 0.74°C (and by 0.4°C since the 1970s), meaning that global sea levels have gone up, glaciers and sea ice has melted, floods and droughts are on the increase, and heatwaves are worse.
The term 'greenhouse effect' was coined to describe the way some gases in the atmosphere (such as carbon dioxide, nitrous oxide, and methane) trap some of the light energy from the sun after it is reflected from the Earth's surface, and  before it can escape out into space, so warming our atmosphere. This is a natural process that has been happening for billions of years, and without it the Earth would be about 33°C colder – too cold for us to live on. Now, however, human influence has upset the natural balance of carbon dioxide and other greenhouse gases and too much of the sun's energy is being trapped, causing average temperatures to rise. Human greenhouse gas emissions have gone from practically nothing to tens of billions of tons per year since the start of the industrial revolution. At present, over 30 billion tonnes of carbon dioxide (CO2) is emitted globally each year by burning fossil fuels, and another seven billion tonnes by changes of land use, mainly deforestation.
Around the world, climate change would cause greater risks from rising sea levels, flooding, droughts, food shortages, diseases, water shortages and loss of tropical forests.
Southern Europe and the Mediterranean Basin are the most vulnerable regions in Europe, and mountain areas (in particular the Alps), islands, coastal regions and densely populated floodplains are facing serious consequences.
According to the Fourth Assessment Report (AR4) of the Intergovernmental Panel on Climate Change (IPCC) in 2007, we could expect to see continued melting of ice caps, glaciers and sea ice, significant changes in rainfall patterns and possibly more intense tropical cyclones such as hurricanes.
Flooding will contaminate drinking water, expose people to toxic pollutants and make the delivery of health and social services more difficult. Droughts will increase the risk of water shortages. Food and water shortages could lead to conflict and migration.

360investgroup carbon credits

EUAs hit €15.85

carbon credit news

EUAs hit fresh high as stronger euro drives CO2 up

Front-year carbon prices hit a fresh four-and-a-half month high of €15.85 on Friday as the sustained strength of the euro brought with it bullish sentiment amid higher energy prices.

360investgroup

Airlines to get 212.9m EUAs in 2012: EC

Published: 07 Mar 2011 12:08 CET Last updated: 07 Mar 2011 12:12 CET

Airlines will be given 212.9 million allowances for the first year the sector enters the EU emissions trading scheme in 2012, according to data from the European commission.

The number of allowances is 97 per cent of the sector’s average annual emissions from 2004 to 2006.

The cap will fall to 95 per cent of historical emissions from 2013 through 2020, equivalent to 208.5 million.

Source - Point Carbon

carbon trading
360investgroup

World Bank Invests €68m in Post-Kyoto Credits

World Bank Invests €68m in Post-Kyoto Credits 

Fund will buy offsets from projects in developing nations after first phase of Kyoto expires in 2012, so carbon-cutting projects can continue to sell UN-backed offsets.
The projects, which have been approved under the UN's Clean Development Mechanism (CDM) offsetting scheme, range from landfill and composting projects to urban transport, energy efficiency and renewable energy initiatives.
"During a period of regulatory uncertainty, the UCFT2 is helping to maintain demand for post-2012 carbon credits," said Joëlle Chassard, manager of the World Bank's Carbon Finance Unit. "It means we have another tool to help bridge the gap in the carbon markets."
The first tranche of the UCF (UCFT1), capitalised to €775m and launched in 2006, purchased 129.3 million tons of CERs generated by two Chinese incinerators of greenhouse gas HFC-23.

360investgroup

£112bn Green Growth Will Drive UK Recovery

£112bn Green Growth Will Drive UK Recovery 

 

 

The Carbon Trust has released new research saying the environmental and low-carbon market is worth more than £112bn a year in the UK and employs more than 900,000 people. It is forecast to grow by 25 per cent over the next four years, and will drive the UK economy.
Carbon Trust chief executive Tom Delay said: "Green growth is the only show in town; no other sector can drive the recovery.
"The consequences of British business failing to grasp this opportunity are almost too horrific to consider: anaemic growth, a jobless recovery and the risk of a return to the economics of boom and bust. We cannot afford to carry on as we did before.
"Businesses need to look beyond the short-term financial reporting cycle and place some smart, early bets on the future. Otherwise the cost, both to the UK's economy and to the environment, will be too great to ignore."
One UK chief executive Terry Last said: "Focusing on green growth and developing a lower carbon economy is not only essential for delivering on the UK's climate change commitments; it is also critical to unlocking important economic opportunities for us all."
The study found that UK business leaders believe Germany is better prepared than the UK to take advantage of the £3.2 trillion global environmental market. Only 13% cited the UK as the most prepared nation. The potential is there, with 92% of UK business leaders think green growth presents an opportunity for their business.

360investgroup

China, India and Brazil ahead in carbon credits

Similarities and disparities among Bric countries in different spheres of economic activity have been well-documented. But one area where the disparity is most visible is in emission trading whereby countries having commitments under the Kyoto Protocol use market mechanisms to acquire emission units from other countries and use them to meet a part of their targets. This clean development mechanism (CDM) allows emission reduction projects in developing countries to earn certified emission reduction (CER) credit by reducing greenhouse gas emissions which are then sold to industrialised countries to meet a part of the targets

carbon trading

Business supports our call for clear carbon reporting

| Sourced From WWF |
Over 180 businesses and other organisations have signed a letter that WWF and The Co-operative sent to the UK secretaries of state for environment, energy and business – asking that they make it compulsory for large companies to reveal all their greenhouse gas emissions.
Mandatory carbon reporting (MCR), as it’s known, is a vital step in working out exactly who’s emitting what, and giving investors clear evidence on which to base financial decisions.
It will provide comprehensive and comparable information on the progress companies are making towards cutting emissions. This will in effect reward the companies taking the lead in the shift a green economy – by highlighting their good performance and letting investors support the businesses that are proving best at managing the risks and opportunities of an emerging low-carbon world.

carbon trading

Carbon scheme a win-win for farmers

Carbon scheme a win-win for farmers, business and the environment

| Sourced From Carbonneutral |

International interest in a carbon credit scheme provides a win-win for farmers and the environment
19 January, 2011 – The Federal Government’s Carbon Farming Initiative, due to be introduced mid 2011, is already attracting interest from large corporations in Australia and overseas.  The scheme encourages establishing forests for biodiversity and other environmental co-benefits rather than monoculture plantations. Buyers are already making enquiries to invest in Australian reforestation projects that will produce carbon credits that are low risk, resilient, and improve marginal farm land

Carbon Credits

Carbon credits may be cash crop

| Sourced From Thestarphoenix |
Saskatchewan farmers could one day be selling carbon credits along with their wheat and canola, a presenter at Crop Production Week said Thursday.
Brian McConkey, a senior adviser of physical science based in Swift Current with Agriculture and Agri-Food Canada, said in an interview local farmers are getting a handle on reducing greenhouse gas emissions and industry may be interested in buying the reductions.

360investgroup

2010 Among Hottest Years On Record

2010 among hottest years on record

Carbon News and Info

Climate change news

Global warming science

Monday, 17 January 2011

Last year was the 34th year in a row that global temperatures were above the 20th century average, according to new figures from the US National Oceanic and Atmospheric Administration (NOAA).

NASA and the NOAA say 2010 tied with 2005 as the hottest year since meaningful global temperature records first appeared around 1880. Land and ocean temperatures averaged 1.12 degrees Fahrenheit (0.6 degrees Celsius) above the average for the last century, the figures show.

“Several exceptional heat waves occurred during 2010, bringing record-high temperatures and affecting tens of millions of people,” the NOAA said. “The massive heat wave brought Russia its warmest summer on record. At least 15,000 deaths in Russia were attributed to the heat.”

The last year that annual average temperature was below average was 1976. Nine of the 10 warmest years on record have occurred since the beginning of 2001. Other international studies of global temperature still have 1998 as the hottest year on record, although by a very small margin. All measurements show that average global temperatures in the 2000s were hotter than the 1990s as was each successive decade back to the 1970s.

Bloomberg 13/1/11, Boston Globe 12/1/11

carbon trading

carbon trading

Council cuts its carbon footprint

| Sourced From Yorkshirepost |

Leeds City Council has taken steps to reduce the city’s carbon footprint by cutting emissions of carbon dioxide by 3.64 per cent across the organisation.
The authority has achieved the reduction by a variety of methods including increased recycling, energy-saving improvements in council buildings and greater use of environmentally-friendly fuels in vehicles.
Details were outlined in the council’s annual environment statement at its executive board meeting.
The authority’s achievements include:
A reduction of 42kg per home in the Rothwell area in the amount of rubbish going to landfill thanks to the food waste recycling trial;
Modernising the council fleet to include vehicles such as bio-methane-fuelled refuse trucks has reduced vehicle emissions by 5.65 per cent;
Leeds was ranked the most sustainable city in Yorkshire – and sixth in the UK – in the annual Sustainable Cities Index;
Electricity use in council buildings went down by more than 5 million kWh (kilowatt hours);
Less than 26 per cent of waste from council buildings is being sent to landfill thanks to improvements in recycling.
Councillors also heard about potential challenges to environmental improvements in Leeds, such as uncertainty over Government cash for projects including the proposed trolleybus scheme and flood alleviation projects, the rising cost of energy and the managing of future development and growth in a sustainable way.
Coun Tom Murray, executive member for environmental services, said last night: “The council is the largest employer in Leeds and any reduction in its energy consumption will have an impact on the city’s overall environment.
“Leeds City Council has a significant part to play in the local environment, both in how it conducts its own operations and as an example to other organisations and people across the city,” he added.

carbon trading

Kenya to launch Africa's first carbon exchange

Kenya estimates its Mau forest has the potential to earn millions of dollars

Kenya is to launch a climate exchange platform to facilitate the trading of carbon credits and help tackle climate change.

The market will be the first of its kind in Africa, enabling all African countries to sell their carbon credits.
The exchange is expected to be open for business by the middle of next year.
Carbon dioxide is one of the main gases causing climate change, scientists say, and such exchanges are one way to offset carbon emissions.
Polluting industries in rich countries pay for clean development projects in poor countries.
Some forecasts warn that Africa will be badly affected by climate change, even though most of the greenhouse gases which cause it are produced in the West and Asia.
One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide-equivalent gases.
The BBC's Kevin Mwachiro in Nairobi says officials hope the trade in carbon credits will open up investment in the generation of renewable energy and forestry projects.
Kenya's government estimates that its largest forest, the Mau, has the potential to earn the country close to $2bn (£1.2bn) a year over the next 15 years.
But our reporter says that before the country runs to the bank, this value would have to be certified by the United Nations Framework Convention on Climate Change.

source: BBC News

carbon trading

Reading Borough Council

Reading leads the charge to low carbon heating

| Sourced From Getreading |

Council tax payers in Reading could save money now Reading Borough Council has become the only local authority in Britain to benefit from £100,000 of funding to develop low-carbon heating.
Europe-funded energy programme GeoPower is working with governments, businesses and other organisations across the continent to encourage them to work together in partnership to introduce ground-source heat pumps.
The council has successfully bid to become the only partner in the UK to benefit and is one of 12 across eight countries – the UK, Italy, Greece, Bulgaria, Hungary, Sweden, Estonia and Belgium.
The innovative low-carbon method uses constant heat which lies below the surface of the ground and captures, compresses and then distributes heat to buildings.
In the summer the process can be reversed so the heat can be taken from the building and put back into the grounds, achieving considerable carbon energy, energy and financial savings.
The low-carbon method of heating buildings has already been installed at school The Avenue Centre, a building at Prospect School in Tilehurst and some other council buildings in the borough.
RBC sustainability manager Ben Burfoot said: “This project gives us the opportunity to pave the way for using this technology in new and existing buildings in Reading, as well as enabling us to maximise the use of ground-source heat pumps nationally to provide the low-carbon heating systems of the future.”
In bidding for funding, RBC had to show it had some experience in renewable energy and was in a position to deliver its part of the project.
The council has set a target of reducing carbon emissions across the borough by 34 per cent by 2020 based on 1990 levels including halving its own output, and with a further aim of being carbon-free by 2050.
Over the next two years the council will play a leading role in the pioneering project that will eventually help cut carbon emissions across Britain and the continent.
RBC will work closely with the partnership to share technology and experiences of installing and using ground-source heat pumps.
The work will then be pulled together to set a plan for how more ground-source heat pumps could be installed across Europe and benefit from the Government’s new Renewable Heat Incentive (RHI) set to be announced next year.
RHI is intended to provide long-term support for renewable heat technologies from household solar thermal panels to industrial wood-pellet boilers through an £850m investment plan.
Warren Swaine, lead councillor for environment and sustainability, said: “Winning this bid shows our council is prepared to take a lead in developing a sustainable future, not just for Reading but for the rest of the country.”

Farmers Federation

Farmers Federation welcomes carbon draft

| Sourced From ABC |

The WA Farmers Federation (WAFF) says the release of draft legislation for the Commonwealth’s carbon farming initiative is just the first step in what will be a comprehensive and detailed scheme.
The Government is inviting feedback on the plan, which will allow farmers, land holders and forest growers to trade carbon credits on a national or international market.
WAFF’s senior vice president Dale Park has welcomed the release of the draft legislation.
But he says there is still much work to be done before the initiative can be finalised.
“We have to comment on the legislation by January 21, but we see this as only the very first step in being able to get farmers to be able to participate in the carbon market,” he said.
“We foresee there will be a lot of consultation all the way along the line with this one.”

carbon trading 360investgroup

Congress to Obama: you can’t regulate carbon emissions

Congress to Obama: you can’t regulate carbon emissions. Obama to Congress: watch me.

| Sourced From Scpr |

In the first two years of his term, President Obama fought a number of pitched battles with Congress, from healthcare reform to financial regulation reform. He won more than he lost, but one issue on which he lost spectacularly was his quest to regulate the emissions of greenhouse gasses through a cap-and-trade system.
Republicans were unified in their opposition to what they called a “job-killing cap-and-trade program,” and even many Democrats were skeptical; a bill never even came up for a vote. Now the President has seemingly decided to keep fighting but on a new battle field, as the Obama Environmental Protection Agency on January 2nd officially declared greenhouse gasses “subject to regulation” under the Clean Air Act.
Without comprehensive climate legislation from Congress, the EPA is going it alone, which among other things means that new power plants and refineries will be forced to install technologies to curb their carbon emissions. The strategy is sure to result in lengthy court battles — can President Obama get away with it?
Guests:
Robert Stavins, director, Environment, & Natural Resources Program at the Belfer Center for Science and International Affairs at Harvard’s John F. Kennedy School of Government
Michael Brune, executive director of the Sierra Club.

carbon trading

Japan’s Government to Expand Carbon-Offset Projects

Japan’s Government to Expand Carbon-Offset Projects Overseas, Sankei Says

| Sourced From Bloomberg |

Japan will fund 180 feasibility studies into pollution-cutting projects for earning carbon credits this year, six more times than in 2010, the Sankei newspaper reported, without saying where it got the information.
The government will allocate 5.2 billion yen ($63 million) for the studies in developing countries aimed at exporting low- carbon technology, the paper said.

carbon trading

US voluntary market

“Charismatic” carbon and California-compliant

US voluntary market to see

steady demand:

offsets will dominate the voluntary market in 2011,

market participants said this week. While federal efforts

to create a US carbon cap-and-trade system have

stalled indefinitely, the voluntary carbon market will

remain steady this year.

carbon trading

Cash Grants For Electric Car Sales

carbon trading

Cash Grants To Jump-Start Electric Car Sales

James Sillars, Sky News Online

Motorists are being offered discounts of up to £5,000 to choose from a new generation of electric cars.

 

The Government scheme offers grants worth up to a quarter of the purchase price.

Nine models are covered; the first vehicles to qualify are the Mitsubishi iMiEV, the Mercedes-Benz smart fortwo ED and the Peugeot iON.
The discounts, known as the 'Plug-In Car Grant', will apply to six other cars as they join the scheme over the next few months.
They are: the Citroen CZero, available in early 2011, the Nissan Leaf and the Tata Vista EV.
Available from early 2012 will be the Toyota Prius Plug-in, the Vauxhall Ampera and the Chevrolet Volt.

Charge point locations can be at the roadside, like this one in west London.

Transport Secretary Philip Hammond said: "Ultra-low emission cars with mass-market appeal are a reality and we can have all the convenience of the car without the carbon that normally goes with it."
The Government has confirmed that five regions have successfully applied for a share of a £20m fund to install local charging points for the vehicles.
The east of England will see charging points in places like Stansted airport, Cambridge, Norwich and Ipswich.
The Midlands points include Birmingham, Coventry, Nottingham and Worcester, while Scottish points include Edinburgh and central Glasgow.
Greater Manchester and Northern Ireland also benefit.
Critics are quick to point out the limitations of electric cars in terms of their use - not to mention the cost.
For example, the Vauxhall Ampera will cost £28,995 even with the £5,000 grant.
The RAC Foundation told Sky News: "Clearly we are still a long way from an affordable mass market for these vehicles but this is a very welcome step in the right direction."

News Source: Skynews

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