Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

05 Nov 2007 04:11:36

Carbon emissions trading set to boom



Carbon emissions trading could double in value to at least $60 billion (£28.8 billion) by the end of 2007, as investors and polluters look to profit from reducing greenhouse gas emissions, the head of an industry body has claimed.

According to Reuters, Andrei Marcu, president of the International Emissions Trading Association (IETA), told reporters this week that he expected the market for carbon emissions trading to display revenue in that "ballpark".

There are a wide variety of emissions markets around the world, with companies in all industries stand to earn credits for cutting emissions, which they can then sell on to individuals, businesses and governments that want to offset their impact on the environment.

The certified emissions reduction (CER) credit, for example, is awarded for the reduction of one tone of carbon dioxide emissions under certified schemes, and is currently traded at around 17 euros (£11.80) per tonne.

Last month (October), a coalition of European countries, US states, Canadian provinces and New Zealand partnered to launch the International Carbon Action Partnership (ICAP), which will allow for different governments and public authorities implementing carbon markets to work together and embark upon joint research activities.ADNFCR-1235-ID-18343257-ADNFCR


Discussion Thread  

 


The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. Generating power from the burning of coal is the single biggest source of carbon dioxide both for...

  2. Climate change and the carbon reduction commitment A commercial reality

    08 Jul 2009
  3. Selby Jennings Organisations

    Selby Jennings is the foremost provider of recruitment solutions to global...

  4. One litre of Tropicana adds about half a kilo of CO2 to the atmosphere: about the same as driving...

  5. Motorists in the south-west of England and Wales are three times more likely to own a...

    30 Apr 2008



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.