Carbon Trading

In April, the Korean parliament passed legislation to establish a carbon emissions trading system starting on January 1, 2015. Unlike in Australia, there was almost no public debate about the reform. Although the main business group, the Korean Federation ...  

FRANKFURT (Reuters) - Bavaria's stock exchange will abandon its carbon emissions certificate trading operations in the EU-traded CO2 market on June 30 after volumes in Europe "plunged to practically zero" in recent months, it said on Tuesday.  

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution.  

The International Emissions Trading Association Wednesday denied that Europe's carbon ... including current macroeconomic and policy uncertainty and the instances of VAT fraud and hacking attacks on national emissions registries between 2009 and 2011 ...  

SEOUL (Reuters) - South Korea's lawmakers approved a national emissions trading scheme on Wednesday to tackle its growing greenhouse gas emissions, overcoming strong industry opposition and joining a growing number of nations to put a price on carbon.  

In Europe greenhouse gases (GHG) emissions are taken very seriously and legislation such as the Emissions Trading Scheme (EU ETS) puts a cap on the carbon dioxide (CO2) emitted by business. The EU ETS creates a market and price for carbon allowances and covers 45 percent of emissions. Each member state has a limit or cap on emissions and the cap is converted into allowances which are then distributed. In 2013 the limit will decline by at...