California Attorney General Files First "Greenwashing" Complaint

California's First "Greenwashing" Complaint

Norway Asks for Political Signal to Secure UN Carbon Market's Future

Political Signal Needed to Secure UN Carbon Market’s Future, Norway Says

Norway Asks for Strong Political Signal 

Climate envoys should send a “political signal” at the upcoming summit on their willingness to continue the United Nations carbon market to allay investors’ concerns about its future, Norway’s chief negotiator said.

UN Wants Intl. Shipping Emissions Included in Reduction Goal

UK advisors want shipping in GHG goal, other sectors face tougher targets

International shipping emissions should be included in the UK’s 2050 emission reduction goal, government advisors said Thursday, a move that would force tougher CO2 targets on power companies and heavy industry.

First Zimbabwe Project

Standard Bank inks deal with 1st Zimbabwe CDM project

Standard Bank Group will buy around 3.4 million Certified Emissions Reductions (CERs) from a nitric acid N2O project in Zimbabwe, the first carbon-cutting initiative to seek U.N. approval in the politically unstable African nation.

CER Volume Up 30%

CER trade up 30 pct in October as prices collapse

Monthly traded volumes in secondary Certified Emissions Reductions (CERs) jumped 30 percent in October as an increase in supply caused prices to collapse to an all-time low, data compiled by Point Carbon News showed.

MF Global emissions clients safe

MF Global carbon client holdings safe: source

The account holdings of MF Global’s emissions brokerage clients were not involved in proprietary trades made by the firm, a source at the beleaguered dealer told Point Carbon News on Wednesday.

German Nuclear Power Output Drops

German nuclear power output plunges 21 pct Jan-Sep

Electricity output from German atomic plants fell 21 percent in the first nine months of 2011 following the closures of old stations, but carbon emissions are not likely to have risen as renewable power made up much of the loss, industry data showed.

Renewables delay could boost EUAs

Renewables delay could boost EUAs, but only under 30 pct goal

A three-year delay in meeting an EU goal to source 20 percent of energy from renewable sources by 2020 could increase emissions by 240 million tonnes over the next nine years, according to new research by Thomson Reuters Point Carbon.

Wouldn't you think the UN would be behind the EU plan?

UN body urges EU to scale back airline carbon plan

The United Nations body responsible for civil aviation has approved a working paper that urges the European Union not to include non-EU carriers in its carbon emissions trading system, according to sources at an International Civil Aviation Organization meeting in Montreal on Wednesday.

EUA's dive to a fresh 33 month low

EUAs dive 4 pct to fresh 33-month low

EU carbon fell 4 percent to its lowest level since March 2009 on Wednesday as energy and equity markets gave mixed signals and traders remained wary about the ability of euro zone leaders to contain the euro zone debt crisis.

Another low in EUR and sCER Prices - Time to buy?

OTC price assessments

		Close	+/-
EUA	Dec 2011	9.69	-0.18
sCER	Dec 2011	6.60	-0.08

EUA last 30 days

How will MF Global's bankruptcy effect offset trading? It can't help!

Scramble to assess impact of MF Global bankruptcy on EU ETS

The impact of the European debt crisis on the carbon market hit a new level on Tuesday following the news that US-based broker-dealer MF Global had filed for bankruptcy the previous day.
While market participants were still trying to assess the precise impact of the broker's exposure to the carbon market, as well as its counterparty exposure within the EU emission trading system (EU ETS), those polled by ICIS Heren said that MF Global was a "reasonably big" player in the European emissions market.

Sources said the news had already contributed to lower volumes on Tuesday and was expected to drag down prices amid market nervousness and unforeseen losses incurred by those exposed to the bust broker.

Carbon exchange ICE notified the market that it had suspended the trading privileges of MF Global as well as participant clearing accounts until further notice and advised the bankrupt broker's customers to transfer positions to an alternative clearing member.
One market source reported parties had been allowed to sell out of their positions but not to take out new positions with MF Global.

EUAs hit fresh 33-month low

UPDATE 1: EUAs hit fresh 33-month low, markets await Greece showdown

 

EU carbon dipped 2 percent to its lowest level since March 2009 on Wednesday as energy markets and share prices gave mixed signals, and traders remained wary about the ability of euro zone leaders to avoid an escalation of the debt crisis.

ICE ECX EUA Morning Marker

Emissions Morning Marker
 

ICE-ECX European Emissions - Morning Fifteen Minute Markers

Date	Strip	Price
November 2, 2011	Nov11	9.86
November 2, 2011	Dec11	9.88
November 2, 2011	Dec12	10.33
November 2, 2011	Dec13	10.91
November 2, 2011	Dec14	11.51