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Carbon trading schemes around the world
Companies and governments around the world are turning to emissions trading as a weapon to fight climate change and join a global carbon market worth $142 billion last year. Under cap-and-trade schemes, companies or countries face a carbon limit. If they exceed the limit they can buy allowances from others. They can also buy carbon offsets from outside projects which avoid greenhouse gas emissions, often from developing countries. Following is a list of established schemes.
read more... 07/12/2011
Daily energy Overview, Friday, August 12, 2011
Crude oil futures increased on Thursday as an equities rally and a fall in jobless data supported offset worries over the French banks and fears that Europe’s debt crisis could spread. NYMEX crude for September delivery settled at 85.72 dollars a barrel, gaining 2.83 dollars after a trading range between 81.03 and 85.97 dollars, while ICE Brent crude for September delivery traded at 108.02 dollars a barrel, up 1.34 dollars, after a trading range from 104.34 to 108.20 dollars.
read more... 12/08/2011
Energy Market Overview, Wednesday, December 01, 2010
Oil increased to beyond $85 a barrel on Wednesday as rising factory output in China and API data indicating lower U.S. crude inventories offset persistent worries regarding Europe's debt problems.
read more... 01/12/2010