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Info: Carbon price - taxes and trading
Can markets solve global warming?
http://gristmill.grist.org/story/2007/8/10/141832/556
David Roberts, Gristmill, 11 Aug 2007
Carbon market encourages chopping forests: study
http://www.reuters.com/article/environmentNews/idUSN1334676020070814
Deborah Zabarenko, Reuters, Aug 13, 2007
The current carbon market actually encourages cutting down some of the world's biggest forests, which would unleash tonnes of climate-warming carbon into the atmosphere, a new study reported on Monday.
Trees shouldn’t be sold as carbon offsets, says study
http://www.theecologist.org/news_detail.asp?content_id=1032
Ecologist on-line, 14/08/2007
Trees planted in drought-prone or nutrient poor areas don’t store enough carbon dioxide to offset emissions, a new study by Duke University in North Carolina has found
The other side of carbon trading
http://money.cnn.com/2007/08/27/news/international/uganda_carbon_trading.fortune
Stephan Faris, Fortune, August 29 2007
Planting trees in Uganda to offset greenhouse-gas emissions in Europe seemed like a good idea - until farmers were evicted from their land to make room for a forest. Fortune's Stephan Faris reports.
Climate Fight Brings Mega Profits to EU Power Firms
http://www.planetark.org/dailynewsstory.cfm/newsid/43952/story.htm
Reuters, August 27, 2007
European power companies are making billions of euros in excess profits in the European Union's battle to beat global warming by cutting emissions of carbon gases, and consumers are paying for it, economists say.
Red faces as the state's green scheme hits wall
http://www.smh.com.au/news/environment/red-faces-as-the-states-
green-scheme-hits-wall/2007/09/10/1189276633560.html
Wendy Frew and Marian Wilkinson, SMH, September 11, 2007
NSW'S flagship scheme to cut greenhouse gas pollution is on the verge of collapse, putting jobs and millions of green investment dollars at risk and killing the incentive for householders to cut soaring electricity consumption.
How Can Carbon Trading Save Peatlands and Rainforests?
http://www.planetark.org/dailynewsstory.cfm/newsid/42920/story.htm
Reuters, July 3, 2007
The UN is due to report on proposed carbon-trading schemes that would make it more rewarding for countries to preserve their forests rather than cut them down.
Think globally, manufacture locally
http://www.theage.com.au/news/business/think-globally-manufacture-locally/2007/07/01/1183228957827.html
Josh Floyd, The Age, 2 July 2007
A carbon trading scheme must also deal with the gap between rich and poor.
Carbon Price Won't Push Power Sector Away From Coal
http://www.planetark.org/dailynewsstory.cfm/newsid/42849/story.htm
June 28, 2007
Europe's main weapon against climate change, which makes industry buy rights to emit carbon dioxide, has not stopped power generators from using dirty coal because they can still make plenty of money from burning it.
Doffing the cap
http://www.economist.com/finance/displaystory.cfm?story_id=9337630
The Economist, 14 June 2007
Tradable emissions permits are a popular, but inferior, way to tackle global warming
Householders to bear brunt of trading scheme
http://www.theage.com.au/news/business/householders-to-bear-brunt-of-trading-scheme/2007/06/24/1182623742090.html
Mathew Murphy, The Age, June 25, 2007
AN EMISSIONS trading scheme could cost Australia up to $6 billion a year from 2012, according to a report that also predicts a rise in inflation in the bid to combat climate change.
Businesses look at ways to profit from environment
http://www.abc.net.au/lateline/business/items/200706/s1962969.htm
ABC TV Lateline Business, 26 June 2007
Businesses are looking at ways they can make money from the environment as the debate over a national carbon trading scheme continues.
European emissions trading scheme generates unexpected fallout
http://www.iht.com/articles/2007/06/18/business/rnrgtrade.php
Matthew Saltmarsh, Int. Herald Tribune, June 19, 2007
Giving the permits away, rather than auctioning them, has offered windfall profits. Power generators, particularly electricity companies, got about 90 percent of their allowances free but still used the plan as a justification for passing costs to the consumer, a significant factor in recent electricity price increases.
WWF blasts EU emissions-trading scheme
http://www.earthtimes.org/articles/show/72396.html
Earth Times, 13 June 2007
The WWF says the first phase of the ETS, scheduled to end at the end of the year, was "seriously undermined by weak political decisions." "WWF's report shows that there are now significant concerns that the second phase (2008 to 2012) will also fail to deliver any significant emissions reductions within the EU because of the potential for very heavy use of imported credits," the group said.
Carbon trading winners and losers
http://www.theage.com.au/news/business/carbon-trading-winners-and-losers/2007/06/17/1182018934280.html
The seven tests of an effective carbon trading system
http://www.smh.com.au/news/opinion/seven-tests-of-effective-carbon-trading-system
/2007/05/30/1180205337202.html
Clive Hamilton, SMH, May 31, 2007
Can we trade our way out of the climate crisis? There seems to be convergence of opinion on the need for an emissions trading system in Australia. Even the Prime Minister, a closet sceptic, has succumbed to pressure from business.
John Connor: We must play part in world saving
http://theaustralian.news.com.au/story/0,20867,21816722-7583,00.html
John Connor, The Australian, May 30, 2007
THERE has been a phony war over greenhouse pollution reduction targets or goals. Some have tried to say they aren't necessary, others have labelled them "faith based", suggesting there is no scientific basis for targets, and others have sought to cloak themselves in scientific respectability to justify inadequate or delayed targe
Energy giants back development of carbon trading systems
http://www.iht.com/articles/2007/05/28/business/sxcarbon.php
By Angela Macdonald-Smith, Bloomberg News/IHT, May 28, 2007
Global carbon trading is needed to set a price on carbon and allow for investments in new energy-supply projects while reducing emissions, said Russell Caplan, the chairman of Royal Dutch Shell in Australia.
Investment banks flock to booming carbon trade
http://www.reuters.com/article/reutersEdge/idUSL2520052720070525
By Gerard Wynn, Reuters, 25 May 2007
Banks are jostling for a piece of what may be the world's fastest growing market, trading carbon emissions permits.
Prime Ministerial Task Group on Emissions Trading - Final Report
http://www.pmc.gov.au/publications/emissions/index.cfm
Power groups get carbon billions
Gareth Walsh, Sunday Times, 3 June 2007
http://www.timesonline.co.uk/tol/news/uk/article1875565.ece
BRITAIN’S power generators have made £2 billion in windfall profits by passing on charges to customers under a scheme which was introduced to combat climate change.
Carbon trade scheme 'is failing'
http://news.bbc.co.uk/2/hi/programmes/file_on_4/6720119.stm
By Julian O' Halloran, BBC File On 4
The EU's carbon trading scheme has increased electricity bills, given a windfall to power companies and failed to cut greenhouse gases, it is claimed.
Carbon tax key to successful offsets: WA expert
http://www.abc.net.au/news/newsitems/200704/s1899794.htm
ABC News online, 17 April 2007
One of Western Australia's leading sustainability experts has unveiled an ambitious plan to make Australia carbon-neutral within three years.
Carbon tax better than calamity
http://www.theage.com.au/news/business/carbon-tax-better-than-calamity/
2007/04/01/1175366076838.html
Kenneth Davidson, The Age, April 2, 2007
Saved by the market
http://www.theaustralian.news.com.au/story/0,20867,21515264-601,00.html
Paul Kelly, The Australian, April 07, 2007
The pro-market economic establishment is trying to seize control of climate- change policy.
Carbon trading won't work
http://www.latimes.com/news/opinion/sunday/commentary/la-op-dorsey1apr01,0,7611817.story
By Michael K. Dorsey, LA Times, April 1, 2007
The EU experience doesn't augur well for the effectiveness of a global carbon-cap-and-trade scheme in a world characterized by growing economic inequality
Smoke alarm: EU shows carbon trading is not cutting emissions
http://environment.guardian.co.uk/climatechange/story/0,,2048918,00.html
David Gow, The Guardian, Tuesday April 3, 2007
Some US states want their own 'cap and trade' scheme but the evidence is proving that permits are so generous they fail to curb industry
EU 2006 Carbon Data Show Emission Targets Too Lax
http://www.planetark.org/dailynewsstory.cfm/newsid/41228/story.htm
April 3, 2007
The European Union handed out too many free emissions permits to heavy industry in 2006, undermining the first phase of the bloc's flagship weapon against climate change
Billions lost in Kyoto carbon trade loophole
http://www.ft.com/cms/s/c07a48b4-b6d9-11db-8bc2-0000779e2340.html
By Fiona Harvey, Financial Times, February 7 2007
Billions of dollars are being wasted in the international carbon trading system owing to a loophole in the Kyoto protocol, according to a study to be published on Thursday in the journal Nature. T
Emissions group missed the real issue
http://www.smh.com.au/news/opinion/emissions-group-missed-the-real-issue-cutting-
carbon/2007/02/07/1170524162704.html
by Donna Green, SMH, February 8, 2007
Report offers hot air on climate change
http://www.theage.com.au/news/opinion/report-offers-hot-air-on-climate-change
/2007/02/07/1170524162294.html
by Ken Davidson, The Age, February 8, 2007
The emissions trading taskforce was crippled by its own terms of reference.
A tax for our future
http://www.theage.com.au/news/opinion/a-tax-for-our-future/2007/02/05/1170524023530.html
by Tim Colebatch, The Age, February 6, 2007
A carbon levy would be more effective than an unwieldy emissions trading system.
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