EU ETS | Applications to participate in emissions trading auction open
Organisations can now apply to become Primary Participants in the UK’s auctions for Phase II of the EU Emissions Trading Scheme. Primary Participants can bid directly for allowances and will act as intermediaries in the competitive element of the auctions, collecting and submitting bids on behalf of indirect bidders who wish to take part in [...]
Emissions Trading: Commission to connect EU with UN carbon credit registry before December
The European Commission, Member States and the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat have successfully completed all the testing required for connecting to the UN’s international carbon credit registry. The EU’s Community Independent Transaction Log (CITL) and Member State registries will be connected to the UN’s International Transaction Log (ITL) before December [...]
MIT: European system for cutting CO2 emissions is working well
By Massachusetts Institute of Technology,
[RxPG] CAMBRIDGE, Mass.–In a bid to control greenhouse gas emissions linked to climate change, the European Union has been operating the world’s first system to limit and to trade carbon dioxide. Despite its hasty adoption and somewhat rocky beginning three years ago, the EU cap-and-trade system has operated well and [...]