Reid closes door on cap and trade this year
Posted by Sascha Bloemhoff inCongress won't consider cap-and-trade legislation this year, Senator Harry Reid confirmed today.
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Tuesday, August 31 - 14:10
EUAs may rise to €25 by the end of the year due to CER supply fears, a Deutsche Bank report said.
Posted by Sascha Bloemhoff inAnalysts at the bank believe this price scenario for EUAs could happen if risk factors, such as reduced supply of certified emission reductions (CERs) from HFC 23 projects and news about potential future offset restrictions in the EU ETS, prove founded.
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Japan will slash its climate budget 36.9%, most of the cuts from carbon credit acquisitions
Posted by Sascha Bloemhoff inThe Environment Ministry said it will request about ¥217.6 billion ($2.56 billion) in its general budget for fiscal 2011, a 5-per cent increase from this year. But its planned spending on anti-global warming measures will be slashed 36.9 per cent to ¥2.4 billion, according to its budget request released yesterday.
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Tuesday, August 24 - 09:01
HFC issuance could be delayed to 2011: Point Carbon
Posted by Sascha Bloemhoff inCER issuance to HFC 23 projects held up by the UN could be delayed until 2011, analysts said.
The executive board (EB) of the clean development mechanism (CDM) last week moved to delay issuance of carbon credits to five HFC 23 projects following allegations that project owners were gaming the system.
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UK to re-launch VAT on carbon
Posted by Sascha Bloemhoff inThe UK will introduce reverse charges to value-added tax (VAT) on CO2 trade, the government said.
The move, which comes over a year after the country removed VAT from all carbon trade in a bid to prevent fraud, will take effect from 1 November, according to a statement on the website of HM Revenue & Customs.
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