The Global Resource for Carbon Market Intelligence
New Carbon Finance is the leading provider of high quality fundamental analysis of the European, North American and global carbon markets. Our team of analysts has been providing professional advice on carbon markets since 1998, including assistance in the design of various schemes and company-level strategic advice. During this time we have built up highly detailed fundamental market models that analyse the demand and supply balances and forecast prices on the European and global level, including North America.
US Carbon Market valued at 1 trillion dollars by 2020
NEW YORK - Rich countries may act on their own to reduce greenhouse gas emissions by developing a carbon market they hope will lure in poor nations even if U.N. climate talks get bogged down, experts said.
Damon Matthews, a professor in Concordia University’s Department of Geography, Planning and the Environment has found a direct relationship between carbon dioxide emissions and global warming.
Matthews, together with colleagues from Victoria and the U.K., used a combination of global climate models and historical climate data to show that there is a simple linear relationship between total cumulative emissions and global temperature change.
Saturday 13 June 2009 Warming up to carbon tax
JEFF RUBIN, Why Your World Is About to Get a Whole Lot Smaller Tariffs are good for the economy and environment, writes Jeff Rubin in why your world is about to get a whole lot smaller. Here is an excerpt:
Efforts in the developed world to restrict and replace coal-fired capacity seem downright quixotic when juxtaposed against China's (and other developing countries') coal-expansion plans. Whatever reduction in greenhouse gas emissions is achieved in the world's developed economies from switching away from coal will simply be overwhelmed by the increase in emissions from new coal-fired plants in China and the rest of the developing world.
Saturday 13 June 2009
Company tries to cash in on carbon currency
Leftovers from restaurants. Spoiled fruit from grocery stores. Animal renderings from slaughterhouses. Trimmings from food-processing facilities. Start-up's idea to cut greenhouse gases and waste to landfill, while selling cap-and-trade credits and electricity upsets provincial agency
Sunday 24 May 2009 US CO2 goals 'to be compromised'
Energy Secretary Steven Chu says the US will not be able to cut emissions as much as needed due to domestic opposition.
Wednesday 13 May 2009 Quebec moves to adopt cap and trade system
Participation aimed at pressuring Ottawa to help 'develop a Canadian carbon market compatible with what is taking place elsewhere'
Tuesday 12 May 2009 TORONTO: CARBON TAX LOSES SUPPORT
Support is dropping in Canada for a carbon tax to reduce the effects of climate change. A survey says support for a carbon tax dropped from 49 per cent to 42 per cent. The poll shows that Canadians believe the tax is worth considering but have reservations about the higher prices for gas and home heating oil that would result from such a tax. Support for a carbon tax was lowest in Canada's west coast province of British Columbia, the only province that actually has one.
Thursday 07 May 2009 Mapping out a low-carbon future
Pressure is mounting on auto makers to provide affordable vehicles that will lead to substantially lower emissions
Saturday 02 May 2009 UK Government 'missing own CO2 goal'
The UK government is not on course to meet its own targets for reducing carbon emissions, an advisory body warns.
Tackling spam 'should be part of campaign to reduce emissions'
A study into spam has blamed it for the production of more than 33bn kilowatt-hours of energy every year, enough to power more than 2.4m homes.
The Carbon Footprint of e-mail Spam report estimated that 62 trillion spam emails are sent globally every year.
This amounted to emissions of more than 17 million tons of CO2, the research by climate consultants ICF International and anti-virus firm McAfee found.
Searching for legitimate e-mails and deleting spam used some 80% of energy.
Monday 20 April 2009 1970s lifestyle 'protects planet'
Getting back to the slim, trim days of the 1970s would help to cut carbon emissions and tackle climate change, researchers say.
Friday 17 April 2009 OTTAWA: GOVT. ADVISORY PANEL RECOMMENDS 'CAP-AND-TRADE'
A federal government advisory panel has recommended a national "cap-and-trade" approach to the elimination of greenhouse gases. After a year of study, the National Round Table on the Environment and the Economy says there's no choice but to implement a national cap-and-trade system on carbon that would set uniform standards for all industries and provinces. The panel's report says the country should put a "hard-cap" system on emissions by 2015, with auctioning off of pollution points amongst industries. The report rejects the "intensity targets" system so far officially endorsed by the Conservative government, by which pollution limits would be placed on individual production units of a facility, while allowing its emissions in some cases to rise when production increases. The panel says such a system won't work.
Google footptint globalonenessproject The UK's carbon footprint is over 500* million tonnes of CO2 per year. Individuals account for 45% of this. Find out how you can reduce your footprint.
Friday 10 April 2009 CALGARY: CARBON BURIAL SCHEME IN SECOND PHASE
A pilot project aimed at testing the feasibility of the burial of carbon dioxide generated by Alberta's energy industry is about to enter its second phase. The industry-led project would see tonnes of carbon pumped into saltwater reserves beneath the ground instead of spewed into the atmosphere. The project led by Enbridge is to cost $50 million. The first involved finding specific locations, doing safety studies and ascertaining the regulatory work required. In the second phase, carbon dioxide would be injected into underground aquifers after regulatory approval is obtained, a development which Enbridge hopes can be completed by 2015. Critics of carbon capture says the plan is impractical, that a better plan would be to shift away from fossil fuels altogether and to reduce energy use.
Tuesday 17 March 2009 China seeks export carbon relief
China says importers of Chinese-made goods should pay for carbon emitted during their manufacture.
Monday, March 9, 2009 Carbon capture works
... Carbon capture and storage (CCS) is a significant tool with the potential
to reduce more emissions than any other approach. The ...
Tuesday 24 February 2009 Failure hits Nasa's 'CO2 hunter'
A fault after launch appears to have scuppered an unmanned $280m Nasa mission to map global sources of carbon dioxide.
The report's authors say power stations may need to be moved
A new report says treaties aimed at reducing CO2 emissions are useless.
The Institution of Mechanical Engineers report says we have to accept the world could change dramatically.
It also says we should start planning our major infrastructure now to accommodate more extreme weather events and sea level rises.
Friday 13 February 2009 BILLINGS, MONTANA: CAPTURING CARBON
The world's first large-scale greenhouse gas storage project is being pursued by the Canadian province of Saskatchewan and the US state of Montana. They are proposing to capture carbon dioxide produced by a coal-fired power plant on the Canadian side of the border and pipe it to underground storage facilities on the US side. Montana Governor Brian Schweitzer says he will seek $100 million from the stimulus package working its way through Congress to fund Montana's share of the $212-million project.
Sunday 01 February 2009 Acid oceans 'need urgent action'
Marine ecosystems risk being severely damaged by ocean acidification unless there are dramatic cuts in CO2 levels, warn scientists.
Green website lets inauguration pilgrims tote up carbon effects
By ROBERTO ROCHA, The Gazette
An ad in the Toronto Craigslist website offers a carpool to Washington, D.C., to see Barack Obama's inauguration.
Wednesday 14 January 2009 World 'needs radical cuts' on CO2
More carbon dioxide needs to be absorbed than emitted by 2050 in order to prevent catastrophic climate change, a report says.
2008
Friday 19 December 2008 Climate outcome 'hangs on coal'
If the growth in CO2 emissions is to be constrained, the world cannot afford a coal renaissance, a major scientific meeting is told.
Wednesday 12 November 2008 Montreal Exchange Ready For Canada CO2 Market LONDON - The Montreal Climate Exchange aims to become the central Canadian marketplace for carbon emissions trading, even before the government finalises the climate change legislation required to kick-start the market.
Friday 31 October 2008 VANCOUVER: CARBON TAX PUTS UNFAIR BURDEN ON POOR
The Canadian Centre of Policy Alternatives says the provincial carbon tax aimed at reducing greenhouse gases places a heavier burden on the poor than on the rich. The tax increased the price of gasoline on July 1 by 2.3 cents a litre. According to the Centre's report on the issue, the tax will affect the poor because it increases over the years, while the wealthy will derive more benefit from offsetting income tax cuts even though the rich make relatively greater contributions to pollution. The document suggests eliminating the income tax cuts and using half the revenue from the gas tax to improving the low-income tax credit. The Centre recommends the rest go towards public transit, energy efficiency improvements for low- to middle-income families and worker transition programs.
And what does this 350 number even mean?
350 is the number that leading scientists say is the safe upper limit for carbon dioxide--measured in "Parts Per Million" in our atmosphere. 350 PPM--it's the number humanity needs to get back to as soon as possible to avoid runaway climate change. Click herefor the Hi-res version of the animation.
Friday 26 September 2008 KAMLOOPS: NDP WARNS OF TWO CARBON TAXES
Also campaigning in BC, NDP leader Jack Layton lashed out against the plan by Liberal leader Stéphane Dion to impose a "carbon tax" on polluters as part of his party "Green Shift" plan. Many residents of the province are angry about the "carbon tax" already imposed by their provincial government. Mr. Layton claimed that Mr. Dion would triple the tax imposed by the government of Premier Gordon Campbell. Both Mr. Layton and Mr. Harper have warned B.C. voters that a Liberal government would force them to pay two carbon taxes, one provincial, the other federal. Mr. Dion has sought to explain that the two taxes would be harmonized. To voters worried about high gas prices, Mr. Layton said an NDP government would establish a minister of consumer protection who would investigate gouging and collusion and fine offenders.
Sunday 14 September 2008 Cool the overheated rhetoric on climate change
One commonly repeated argument for doing something about climate change sounds compelling, but turns out to be almost fraudulent. It is based on comparing the cost of action with the cost of inaction, and almost every major politician in the world uses it.
Friday 12 September 2008 MONTREAL, ST. JOHN: CARBON TAX THREATENS UNITY: PM
Conservative Party Prime Minister Stephen Harper made a connection on Thursday between the carbon tax proposed by his principal adversary in the national election campaign and national unity itself. Mr. Harper said in remarks in Montreal that taxes on producers of greenhouse gases would concentrate more political power in Ottawa, a development that would play into the hands of Quebec separatists. The prime minister predicts that the energy taxes proposed by Liberal Party leader Stéphane Dion in its "Green Shift" would destroy the economy, a development which also wouldn't be positive for national unity. Mr. Dion reacted by accusing his adversary of irresponsibility, claiming that he has invented a reason for the separation of the country's largely French-speaking province, something that no other federalist leader has ever done. The Liberal leader says the question of global warming is more likely to unite citizens of all provinces.
Friday 22 August 2008 HALIFAX: NS AGAINST CARBON TAX
Nova Scotia Premier Rodney MacDonald has again come out against the environmental plan put forward by the federal opposition Liberal Party at the centre of which is a carbon tax. The rationale for the tax is that increasing the price of fossil fuels, consumers will use less of them. But Mr. MacDonald says the tax would be disastrous for Nova Scotia because fossil fuels produce 90 per cent its electricity and 60 per cent of its home heating. The premier predicts that a carbon tax would drive up the cost of everything that depends on fuel for production or delivery. Mr. MacDonald says Nova Scotia and the energy-producing province of Alberta would be the two most seriously affected provinces. His government is expected to produce its own climate change plan in the fall and while not revealing its contents the premier has said it won't include a carbon tax or a "cap-and-trade" system.
The country's two main political rivals are still in a virtual tie in public popularity, and Stéphane Dion's carbon tax plan - which experts suggest may be a key issue in the next federal election - doesn't seem to be pushing Canadians in either direction, suggests a new poll for Canwest News Service and Global National.
Of those who answered the Ipsos Reid survey of 1,002 adult Canadians, a slim majority, 52 per cent, said they either strongly or somewhat agree with Dion's approach. In contrast, 42 per cent of respondents said they strongly or somewhat oppose the plan, and six per cent were undecided.
While 62 per cent of respondents said they believed the plan - dubbed Green Shift by the Liberals - will reduce pollution in the country, about two-thirds (65 per cent) of respondents felt the Liberals' proposed carbon tax would lead to a major increase in the taxes paid by families, and 62 per cent said they thought it's likely to increase tension between Western Canada, Ontario and Quebec.
Saturday 21 June 2008 SASKATOON: LIBERAL CARBON TAX WOULD 'SCREW' EVERYBODY
Prime Minister Stephen Harper repeated on Friday his dismissal of the carbon tax project put forward on Thursday by Liberal Party leader Stéphane Dion. The prime minister referred to the National Energy Plan implemented by the former Liberal government of the 1980s which he said "screwed" Western Canada, but claims Mr. Dion's plan would "screw everybody across the country." Mr. Harper says the Liberal plan would be bad not only for Western Canada but for the economic position of every Canadian family. The Liberals propose the imposition of a tax of $10 per tonne of toxic emissions, a rate that would gradually increase to $40 after four years, when the tax would yield $15.4 billion annually. The imposition would be offset by income tax cuts to lower-income earners, by increases in the child-tax credit and by a one-per cent reduction of corporate and small-business taxes. Standing next to Mr. Harper at an event in Saskatoon, Saskatchewan Premier Brad Wall likewise denounced the Liberal plan, saying it would cause "the effective knee-capping of our economy."
TORONTO: ONTARIO PREMIER LIKES LIBERAL CARBON PLAN
Despite Mr. Harper's dismissal of the plan, Ontario Premier Dalton McGuinty says he "likes the sound" of it. Mr. McGuinty says he appreciates the fact that the plan places a "real price" on pollution, offering the added benefits of reducing income taxes and a guarantee of "revenue neutrality." Under the plan, the federal auditor general would check to ensure that the scheme isn't discriminatory toward any group of taxpayers. Mr. McGuinty has apparently had a change of heart because he had twice rejected proposals for a carbon tax for his province.
Friday 20 June 2008 OTTAWA: OPPOSITION PROPOSES CARBON TAX
Opposition Liberal Party leader Stéphane Dion has put forward a radical taxation plan aimed at reducing greenhouse gases. Mr. Dion says the plan would "make the polluters pay" and put the federal revenue from the tax back into the hands of the taxpayers through tax cuts. The Liberals propose the imposition of a tax of $10 per tonne of toxic emissions, a rate that would gradually increase to $40 after four years, when the tax would yield $15.4 billion annually. The imposition would be offset by income tax cuts to lower-income earners, by increases in the child-tax credit and by a one-per cent reduction of corporate and small-business taxes. Conservative Party Prime Minister Stephen Harper ridiculed the plan, saying that Mr. Dion's claim that it won't affect gasoline prices is ridiculous.
Tuesday Jun 17, 2008 Liberal carbon tax excludes gas
The Liberals are poised to propose a "green shift" in taxation policy this week, saying Canadians are..
Sunday 15 June 2008 For a real debate on a carbon tax
Prime Minister Stephen Harper's Conservatives have managed to exploit the vagueness of Liberal Leader Stéphane Dion's proposed carbon tax with attack ads that would have Canadians believe Dion wants to impoverish them with a new tax on everything. Effective as they may be in scaring voters, the ads are a lousy substitute for a national debate on the efficacy of Dion's plan for combatting climate change – an issue Canadians care deeply about.
But that debate won't happen until Dion lays out a detailed plan.
Saturday 14 June 2008 EDMONTON: ALBERTA PREMIER TO PITCH GOVERNORS ON CLIMATE
Alberta Premier Ed Stelmach will meet with the U.S. Western Governors Association at their meeting starting June 29 in Wyoming. The premier says he'll discuss ways of lowering carbon emissions without self-inflicting economic damage. The premier says he'll tout the procedure of carbon sequestration by which carbon emissions are piped into certain rock formations for permanent storage. The procedure is a cornerstone of the province's long-term environmental plan. The process has been successful on a small scale but not to the extent that would satisfy environmentalists critical of the greenhouse gases generated by Alberta's oilsands developments.
Tuesday 10 June 2008 OTTAWA: TORIES ATTACK ADS MAY NEVER AIR
The ads which the federal Conservatives want to show at gas stations to denounce the Liberal Party's proposed "carbon tax" may never been seen. The only Canadian company in the gas pump television business, Fuelcast Media Network, says it has a policy not to broadcast political messages. Fuelcast operates screens at 113 Esso stations in and around Toronto. The Conservatives say they signed a contract with Fuelcast and expect it to be honoured.
Tuesday Jun 10, 2008 Reducing emissions paramount
Carbon-trading systems will likely be a boon to lawyers, lobbyists and arbitrage junkies, a panel on emissions trading heard... ..In May, the World Bank reported that the carbon trading market more than doubled in value in 2007 to $64 million U.S. from $31 billion in 2006.
Monday Jun 9, 2008 Dion's carbon tax is under attack
The Tories launched a glossy, aggressive, multimedia campaign yesterday attacking Libe
Andy Nulman 
Warming up to carbon tax
Company tries to cash in on carbon currency 
