Carbon Market News:Cruise Ships and airlines already targeted.
Thursday, 02 Jan, 2010
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International Markets:
·
S Korea to start carbon emissions trading late next year (Xinhua News Agency Dec 29 2009 6:49AM UTC )
· South Korea announced Monday it will launch a pilot greenhouse gas emissions trading scheme as early as late next year in a bid to encourage carbon emissions reduction.
Number of carbon projects in Kenya set to increase (Business Daily Africa Dec 29 2009 6:52AM UTC)
· All indications are that the number of climate change investment projects in Kenya will multiply in 2010. The ethanol distillation plant announced by the Mumias Sugar Company is the latest highlight of climate change investment projects in Kenya.
Post 2012:
· Brazil keeps climate targets despite failed summit (Reuters Dec 29 2009 7:03AM UTC)
· Brazil will make its ambitious 2020 greenhouse gas emissions targets legally binding even though global climate talks failed this month, the country’s environment minister said on Monday.
North America market:
· Democrats pose threat to President Obama’s cap-and-trade climate Bill (Times Online Dec 29 2009 7:18AM UTC )
· Less than ten days after claiming a breakthrough on climate change in Copenhagen President Obama is facing a mutiny from senior Democrats who are imploring him to postpone or even abandon his cap-and-trade Bill.
· Emissions rules tightened for ships (Miami Herald Dec 29 2009 7:10AM UTC) Large, U.S.-flagged oceangoing ships such as tanker, container and cruise ships will be subject to more stringent emissions standards in 2011 under a rule adopted last week by the federal Environmental Protection Agency.
Australia:
·
Passengers will pay for carbon, airlines warn (The Sydney Morning Herald Dec 29 2009 6:54AM UTC )
· Domestic air travellers face higher fares to cover the cost of airlines’ greenhouse gas emissions – estimated at AUD 100m or more – if the Federal Government’s emissions trading scheme is passed by Parliament next year, leading airlines warn.
Carbon Capture & Sequestration:
· Rep. Young wrangles millions for carbon sequestration study in Alaska (Fairbanks Daily News-Miner Dec 29 2009 7:41AM UTC)
· A federal defense bill includes more than USD 2m to study carbon capture in Alaska, a project that would boost the prospects for a coal-to-liquids plant proposed for the Fairbanks area.
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