Terra Global Raises $40M

Terra Global raises $40 mln for REDD fund

The U.S. government’s development finance institution has approved $40 million to support a carbon fund that is aiming to raise $100 million to invest in REDD and land-use projects that generate carbon offsets.

World Emissions of Carbon Soar

World emissions of carbon dioxide soar higher than experts’ worst case scenario for climate

By Associated Press, Updated: Thursday, November 3, 3:10 PM

WASHINGTON — The global output of heat-trapping carbon dioxide jumped by the biggest amount on record, the U.S. Department of Energy calculated, a sign of how feeble the world’s efforts are at slowing man-made global warming.

The new figures for 2010 mean that levels of greenhouse gases are higher than the worst case scenario outlined by climate experts just four years ago.

Kenya Co. Targets Earnings from Carbon Credits

KenGen of Kenya Targets Earnings From Carbon Credits, Daily Says

By Paul Richardson - Nov 1, 2011 9:43 PM PT 

 

Kenya Electricity Generating Co. is targeting earnings of $13 million per year from trading in carbon credits after it completes seven renewable power- producing projects by 2013, Business Daily reported.

Kengen of Kenya Targets Earnings From Carbon Credits 

China and the CNEEEX to develop Emissions Trading Instruments

China Industrial Bank eyes Shanghai ETS

China Industrial Bank (CIB) has signed a strategic partnership with the Shanghai Environment and Energy Exchange (CNEEEX) to develop financial instruments for the city’s planned emissions trading scheme, the bank said on Thursday.

EUA and sCER OTC Price Assessments

OTC price assessments

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

EUA last 30 days

Costs Rica to be Carbon Neutral by 2021

Just arrived in Costa Rica which intends to be the first carbon neutral country in the world by 2021. Headed to the Osa peninsula to see our 6,000 acre project. Stay tuned.

China's First Forest Carbon Trade

China sees first voluntary forest carbon trade

Government-backed China Green Carbon Foundation has sold 148,000 carbon offsets to 10 firms, including a retailer and a construction company, in what is believed to be the first deal of its kind under China’s new forest-based carbon market.

NZU's Fall to Record Low

NZUs slump 7 pct to record low on EU downturn, supply

Spot NZUs fell 7 percent over the week to close at NZ$12.60 on Thursday, a record low as EU carbon prices continued to slide and fresh supply hit the market.

ICE EUA Morning Marker

Emissions Morning Marker
 

ICE-ECX European Emissions - Morning Fifteen Minute Markers

Date	Strip	Price
November 3, 2011	Nov11	9.47
November 3, 2011	Dec11	9.49
November 3, 2011	Dec12	9.95
November 3, 2011	Dec13	10.54
November 3, 2011	Dec14	11.10

EUA's Down 5 Days in a Row

EUAs extend losses for fifth successive day

EU carbon hit a fresh 33-month low early on Thursday, falling for the fifth consecutive day as traders grow increasingly fearful that EU leaders won't be able to contain the worsening euro zone crisis.