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How trading in the EU carbon market works
The ETS is the largest carbon market in the world, worth around $148 billion last year. It covers around 12,000 installations, such as factories and power plants in the 27-member European Union. Since Jan. 1 2012, the aviation sector was also included in the scheme. Around 85% of permits were given to airlines for free in 2012, but this free allocation will be reduced over the period 2013-2020. Many airlines have opposed inclusion in the scheme.
read more... 16/04/2013
Daily: Crude oil prices down on U.S jobless claim
Brent crude oil prices hit a five-month low, touching near $105 a barrel on Thursday following a U.S. jobless claim, prompting a second day of widespread selling in oil markets. Brent crude settled down 77 cents at $106.34 a barrel, while U.S. crude oil futures settled at $93.26, down $1.19 but also more than a dollar above the day's low. U.S. gasoline futures settled down almost 2 cents at $2.90 a gallon.
read more... 05/04/2013
EU curbed its carbon emissions by 1.4% in 2012: preliminary data
Europe’s carbon emissions from power plants and factories dropped by 1.4% in 2012, according to preliminary data released on Tuesday, keeping the EU on the pace to achieve its 2020 emissions reduction objective and being the second consecutive year of fall on the ETS scheme, the bloc’s main tool to fight against climate change.
read more... 03/04/2013
EU proposes a 40% reduction in greenhouse gas emissions by 2030
The European Union unveiled yesterday a new package of carbon and renewable energy targets for 2030 that could see the bloc imposing a 40% carbon reduction target.
read more... 29/03/2013
Daily: UK gas increases to record levels on pipeline halting
Brent crude oil futures increased on Friday in choppy trading on uncertainty about the financial turmoil in Cyprus which hit markets and on the back on weaker dollar which added support. Meanwhile, Brent May crude boosted 19 cents, or 0.18 percent, to settle at $107.66 a barrel, having traded from $106.90 to $107.96, however registering a weekly loss of $2.16, or 1.9 percent.
read more... 25/03/2013