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An allowance to take to the bank
01 July 2008Congress should look to carbon allowance property rights when it revisits the Lieberman-Warner bill – or risk hitting the liquidity of the carbon market, say Patrick Traylor and James Morin
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Asking the right questions
01 July 2008The EU faces an uphill battle to meet its 2020 renewable energy and greenhouse gas targets. The UK's energy minister Malcolm Wicks sets out how the UK is rising to the challenge
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Putting wind power into the mainstream
01 July 2008Eddie O'Connor wasted no time after selling Airtricity in leaping back into the clean energy fray, with new venture Mainstream Renewable Power. He talks wind power with Jess McCabe
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Software suppliers grapple with emissions challenge
01 July 2008As carbon emissions rise ever higher up the corporate agenda, software companies are having to adapt their existing products or develop dedicated solutions for this new management challenge. Clive Davidson reports
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From the bottom up
01 July 2008Emerging markets and microfinance were the winners in this year's Sustainable Banking awards, reports Jess McCabe
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People moves this month
01 July 2008Hermes Real Estate has appointed TATIANA BOSTEELS as head of responsible property investment. She will report to director KEITH BUGDEN. Bosteels joins Hermes from the London Climate Change Agency, where she was climate change manager, developing and implementing policies through public–private vehicles. She also ran a climate change consultancy business for three years and is a director of Climate Change Solutions, a not-for-profit company that aims to promote policy and technological solutions to climate change challenges.
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US court throws emissions markets into turmoil
01 July 2008A US court has invalidated the entire Clean Air Interstate Rule (CAIR) over "fatal flaws", sending the market for sulphur dioxide (SO2) and annual nitrogen oxides (NOx) allowances into turmoil and creating enormous uncertainty about how the US is to control airborne pollutants.
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California unveils emissions plan
01 July 2008The California Air Resources Board (CARB) draft scoping plan for emissions reductions has drawn a broadly positive response, although some question if the plan's ambition may face problems due to a weakening economy and transmission constraints.
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Carbon prices hit two-year, record highs
01 July 2008Record oil prices have driven prices for carbon allowances (EUAs) in the EU Emissions Trading Scheme to their highest levels in more than two years, while fears of a shortage of carbon credits from projects in developing countries have pushed prices of certified emission reduction (CER) credits in the secondary market above €20 ($32) for the first time.
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Weather risk market bounces back
01 July 2008The market for weather derivatives has regained much of the value it lost in the slump of 2006/07, as activity continues to migrate to the Chicago Mercantile Exchange (CME), the leading marketplace for trading weather risk.