Latest news
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
Poland: PGE suspends the construction of $3.6 bln coal power plant
PGE, the Polish state biggest utility, has suspended its plans to build two new coal-fired power units worth $3.6 billion, citing weak demand and falling electricity prices.
read more... 08/04/2013
Vestas to supply wind turbines for the largest wind power plant in Ukraine
Vestas Wind Systems A/S, the Danish manufacturer of wind turbines, has inked a contract to supply wind turbines to the Botievo II project in Ukraine from energy firm DTEK.
read more... 04/04/2013
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
UK’s Kingsnorth coal power plant closed today
The Kingsnorth coal plant in Kent has closed today, E.ON’s plant has stopped working already in December, but today it has officially closed. After forty years of producing electricity, the 2,000MW plant, has begun a two year decommissioning process which could lead to demolition.
read more... 29/03/2013