Category Archives: Carbon offsets

Navigating the American Carbon World (with the UN)

There is much activity in the UN climate arena at the moment, as they push for yet another “Global Agreement on Climate Change”

At the moment, UNFCC executive secretary, Christina Figueres is boasting that they have an agreement to come to an agreement by 2015. Whilst it is to be hoped that this agreement to agree goes the way of previous ones, it highlights that they haven’t gone away and are determined to keep pressing on, no matter that the AGW paradigm is collapsing.

She gave a speech this week in San Francisco, entitled Navigating the American Carbon World
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Report: Australian carbon offset business dying; Large emitters no longer interested

“A carbon offset company says business interest halted at least a year ago because of uncertainty over the Coalition’s plans, and now Europe’s price fall is more bad news.” Continue reading

Entergy buys carbon credits for Super Bowl; Maybe the money should have been spent making sure the power was reliable

“Approximately 4,500 megawatts of power will be needed, resulting in some 3.8 million pounds of CO2. These emissions will be offset by the carbon credits provided by Entergy… Fans can select how much of their travel they want to offset (starting at $5) and choose the carbon-offset project from which they would like to purchase credits. Entergy is matching fan offset purchases dollar-for-dollar… In all, Entergy estimates that the company’s offset purchases related to the Super Bowl will result in more than 26 million pounds of avoided greenhouse gas emissions. ‘Hosting the Super Bowl in the city where Entergy is headquartered is exciting,’ said Riddlebarger. ‘Through Geaux Green, we’re assuring the benefits of the big game are far-reaching and everlasting’.”

International airline carbon emissions tax delayed

Today, the European Union institutes a one-year delay in its cap-and-trade rule that would have required all airlines traveling to and from Europe to buy permits for the amount of greenhouse gases emitted during the flight. Airlines would be forced to pay a fine of about $125 for every excess ton of carbon emissions they failed to offset by purchasing permits. This EU rule was part of its broader Emissions Trading System that took effect at this beginning of this year. The payment deadline, now postponed, was scheduled to begin April 30, 2013. Continue reading

No early Australian link to Californian carbon market

No late one either. Continue reading

EU Carbon Permits Are Second-Fastest Rising Commodity

Let’s see, worthless plus 10% is … Continue reading

Poor seek to cut CDM access at UN climate talks

More than 130 of the world’s poorest nations have sought to pressure richer countries to agree new legally-binding goals to cut greenhouse gas emissions by threatening to deny them access to cheap U.N. carbon credits, potentially making it more expensive for them to meet domestic emission goals. Continue reading

Designers Set Sail, Turning to Wind to Help Power Cargo Ships

If the world’s shipping fleet were a country, it would be the world’s sixth leading emitter of greenhouse gases. To reduce those emissions — and, not incidentally, to conserve expensive fossil fuels — cargo ship designers are now turning to the oldest source of power there is: the wind.

Does whale oil attract carbon credits or certified emission reduction certificates when used for lighting? Continue reading

Pierre Gosselin: Number Of German Flyers Who Volunteer to Offset CO2 From Flights Is “Too Small To Be Measurable”!

I often have to listen to German greenies lecture the rest of the world about “responsible behavior” and “climate protection”. But when they are asked to make a contribution, they say no. Continue reading

California Cities: Calling Trees “Urban Forests” to Extract New Taxes

News from California that city governments are preparing to use the state’s cap-and-trade greenhouse gas emissions reduction law, passed in 2006, to raise revenue – for doing what they’ve been doing for years. Continue reading

Creditors line up as recycled CER seller goes bust

Total Global Steel has been forced into liquidation by creditors after a UK court ruled in May that the London-based trading house must pay Deutsche Bank 4.2 million euros ($5.1 million) in damages for selling the German bank recycled carbon credits. Continue reading

Profits on Carbon Credits Drive Output of a Harmful Gas

When the United Nations wanted to help slow climate change, it established what seemed a sensible system.

Sensible to whom, one might wonder. They are talking about a scam far worse than Montreal, the mean the Kyoto Protocol. Continue reading

Aus: Labor plan to replace carbon floor price

The federal government is considering scrapping the $15 minimum price on carbon after 2015 and restricting access to much cheaper international carbon credits. Continue reading

Andrew Bolt: Billions of your dollars, shipped to foreign green schemes

Julia Gillard’s plan is to send up to $3.5 billion a year overseas by 2020 to simply buy carbon offsets from foreigners instead of making cuts at home.  In fact, of her 160 million tonnes a year target of emissions cuts, 100 million will be bought from the likes of China, India and Nigeria in a market that doesn’t actually exist. Continue reading

Numbers offer more proof Carbon Trust should be shuttered

In his letter to the minister of finance, Chris Trumpy, the chairman of the board of the Pacific Carbon Trust, paints a rosy picture of a well-run Crown corporation that is fiscally solvent and effectively delivering an important public benefit. Continue reading

South Korea Seeking CO2 Cuts At Home Before Allowing Offsets

South Korea is asking its largest emitters to make cuts at home before giving them credit for overseas spending to reduce greenhouse gases. Continue reading

Coming To a Field Near You: Nitrogen Reduction Credits

Attempting to further enmesh Big Ag in the climate scam: “You can soon earn credits for reduced fertilizer application if you prove it reduces nitrous oxide (N2O) emissions, which are a potent greenhouse gas. That could be a big “if.”Continue reading

World Bank Unit Winds Up Post-2012 Carbon Credit Fund

The World Bank Group’s International Finance Corp. will close its fund for investing in projects that generate emissions credits from 2013, after the first period of the United Nations’ Kyoto Protocol ends. Continue reading

Analysis: Brazil struggles to cash in on carbon credits

A patchwork of regional legislation and complex rules governing land ownership have so far kept Brazil from cashing in on what could potentially be the world’s biggest carbon offset market. Continue reading

Sigh… Getting the price right on climate

IMF-MIT study shows immediate — but realistic — actions are needed to confront climate change. Continue reading