Brazil has said a row over carbon credits could derail the United Nations climate change negotiations taking place in Qatar this week.
Honduras has become home to Central America’s largest wind farm. The 102 MW Cerro de Hula facility, which started commercial operation in December 2011, is also Honduras’ first wind farm. Cerro de Hula will produce more than 360 GWh/year, which is enough to supply power to 150,000 Honduran households using clean and renewable energy. (more…)
The European Commission said on Monday a proposal to limit the use of some carbon credits from industrial gas projects in its emissions trading scheme might be unveiled during a United Nations climate summit in Mexico next week. The European Union Emissions Trading Scheme is the largest multi-national emissions trading scheme in the world. The trading scheme currently (more…)
According to Bloomberg New Energy Finance, tax fraud is the carbon trading market’s most egregious form of cheating, affecting about seven percent of this $125 billion market in 2009.
In August 2009, seven people were arrested near London for not paying tax on the sale of carbon permits, for a total of £38 million (about U.S. $63 million). The taxes were levied as part of the European Union Greenhouse Gas Emission Trading System, created in January 2005 and based on Directive 2003/87/EC, which was enforced beginning Oct. 25, 2003.
Carbon emissions trading, or cap-and-trade, is a system whereby governments tell industry how much carbon dioxide a particular factory or operation can emit. If the factory or operation manages to emit less than the mandate allows, it can sell its excess on the open market, but either it or its designated seller is required to report the transaction and pay taxes on it, as on any financial gain. (more…)
The 2009 Wharton Energy Conference will explore these questions and more October 30 in Philadelphia. CleanTechies is excited to serve as a media partner of this one-day conference and career fair.
“No doubts remain. Climate change is real and the build-up of greenhouse gases in our atmosphere is increasingly at an alarming rate.” With these words, Rafael Quiroga, General Manager of Accion RSE, initiated the seminar “Corporate Strategic Management of Climate Change and Greenhouse Gas (GHG) Emissions.” This is not another “green business” seminar from a European or North American city, it took place here — in Santiago, Chile.
The event brought together speakers from the Chilean private sector that gave concrete examples of their companies’ climate change and GHG management initiatives. First, it showed how Essbio, a water purification company, has been dealing with the ever-prescient and escalating challenges of decreasing water reserves due to climate change. Second, it illustrated the emissions and energy reductions Xstrata Copper, a mining company, has committed to and the steps it has taken to minimize the release of contaminants in its industrial processes. Third, it explained what Natura cosmetics has done since 2007 to become a “carbon neutral” business by calculating all GHG emissions in the company’s supply chain, transportation, and production of its various cosmetics products, and purchasing the equivalent amount of CO2 tonnage in carbon credits on the international carbon markets.
Large, low-emission buses being introduced in developing cities from Mexico City to Ahmedabad, India are reducing congestion on crowded roadways and cutting pollution and carbon dioxide emissions, all at a much lower cost than constructing subways.
In Bogota, Colombia, city leaders took control of two to four center lanes of major boulevards for the TransMilenio rapid transit system. Small walls isolate the “tracks” of the bus lines from other traffic, and passengers are able to board the long, segmented buses from the center platforms of modern stations.