Carbon Trade


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Related to Carbon Trade: Carbon credits

Carbon Trade

A market proposed by the Kyoto Protocol in which each country participating receives a limit on the carbon emissions it and companies operating in it are allowed to produce. Countries (and/or companies) may buy and sell the emissions limits assigned to them. Carbon trade is intended to be an attempt to reduce overall carbon emissions while still allowing companies that may have difficulty doing so to have an outlet for transition. It is also called emissions trading.
References in periodicals archive ?
The carbon trade was supposed to bring more than BGN 200 M in revenues.
Overview on investment firms, infrastructure and energy service providers, advisory companies, financial firms, brokerage firms, carbon solution providers and other auditing firms participating in carbon trade.
Dewa will launch a carbon trade initiative (sell carbon) in an attempt to preserve the environment," Saeed Mohammad Al Tayer, managing director and chief executive of Dewa told Gulf News.
Although he does not have birth or family connections in Africa, he became fascinated by the whole issue of climate change and saw how the carbon trade could become a source of welcome income to communities in developing countries.
Dirty industries and banks are growing rich on the schemes: The World Bank, for example, is becoming a major broker of many of them, charging a 13 percent commission on all of the carbon trades it brokers.
Early results from the RGGI initiative, like the EU ETS, show evidence of over-allocation of permits to pollute and a concomitant drop in the price of carbon, as demand for carbon trades proved virtually non-existent.
The announcement of the Environment Ministry that Bulgarian will not be able to benefit from carbon trade came a couple of weeks after the European Commission approved the long-delayed and troubled carbon dioxide plan of the country, paving the way for 132 Bulgarian industrial plants to raise cash by selling their quotas.
The report provides the latest information on the value, volume and price of the emissions traded in primary project-based mechanisms, an overview on various carbon registries, exchanges and the major companies participating in the carbon trade.
The announcement of the Environment Ministry that Bulgarian will not be able to benefit from carbon trade comes a couple of weeks after the European Commission approved the long-delayed and troubled carbon dioxide plan of the country, paving the way for 132 Bulgarian industrial plants to raise cash by selling their quotas.
The largest is the European Union's Emissions Trading Scheme (EUETS), which has been operating since 2005, is responsible for some 90 per cent of all carbon trades, and was worth $US 30 billion last year.
He told the conference that carbon trading had been taking place since the mid-1990s and had shown substantial growth both in terms of the amount of carbon trades taking place and the number of enterprises getting involved.
These carbon trades, though engineered by reputable brokerages, are totally unregulated and there are no guarantees that any government will officially recognize the credits.