China lowers carbon floor price as CER prices crash

China has lowered the minimum price foreign companies must pay for Chinese carbon credits for the first time since 2008, but traders say the move is unlikely to have much impact as it will remain twice as high as current carbon prices.

Switzerland ups CO2 purchase plan, seeks 1.9 mln more CERs

Switzerland will need to use 50 percent more carbon permits than previously planned if it is to meet its emissions target under the Kyoto Protocol, the agency in charge of the Swiss purchase programme said Wednesday.

Cost of 30 percent EU carbon cut less than thought

Raising the European Union's 2020 emission reduction target to 30 percent would be considerably less costly than originally thought and could be shared fairly among EU governments, according to a draft EU document.