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26 nations oppose EU carbon tariff →  October 30, 2011

Brussels: Twenty-six nations are expected to lodge a formal protest on Wednesday against a European Union law to make airlines pay for carbon emissions — adding to transatlantic tension on an issue that has triggered a tit-for-tat bill in the US Congress. Under EU legislation, from January 1, all flights to or from Europe will […]

Commerzbank cuts EU CO2 price forecasts →  October 24, 2011

LONDON | Mon Oct 24, 2011 1:24pm EDT LONDON (Reuters) – Commerzbank lowered its year-end and 2012 forecasts for prices of EU carbon permits on Monday due to slowing growth prospects and a glut of supply in the EU emissions trading scheme (ETS). The Frankfurt-headquartered bank predicted prices for carbon permits called EU Allowances (EUAs) […]

Carbon permits may not be compensated →  October 16, 2011

Deputy Liberal leader Julie Bishop says businesses buying carbon permits before July 2015 may not be compensated if a coalition government is elected. Ms Bishop said businesses should avoid investing in carbon credits or offsets as a coalition government would scrap the carbon tax. Her comments follow Tony Abbott’s statement on Friday that businesses should […]

→  October 16, 2011

The price for U.N.-backed carbon credits is set to fall further, after hitting a record low early on Friday, as an over-supply of offsets looks unlikely to lessen and as poor economic growth dents confidence in the market. The benchmark contract for certified emissions reductions (CERs) hit an all-time low of 7.13 euros ($9.77) early […]

→  October 14, 2011

‘Tax too high,” shouts taxpayer. Well, blow me down. But the Business Council president, Graham Bradley, had a valid point this week when he complained Australia’s carbon price, starting at $23 a tonne and ratcheting up, was ”one of the highest costs of carbon anywhere on the planet”. It’s true, and the government will be […]

Carbon vote looms →  October 11, 2011

But business groups have made an 11th-hour appeal to the Government to re-think its legislation, with representative body for the nation’s top CEOs saying the starting carbon price was far ahead of the current effective world price. “The legislation imposes a hard start on Australian industries that cannot be offset by action to reduce emissions […]