Price of carbon credits declines in California

Carbon credits fall in value California is currently home to one of the most ambitious cap-and-trade initiatives in the U.S. The state has long been an advocate for renewable energy and has been seeking innovative ways to curb emissions and promote the adoption of clean power among businesses. Many of the state’s largest businesses produce significant amounts of emissions on a yearly basis and California has been working to address this issue in recent years. Thus far, the California cap-and-trade initiative has been relatively successful, but it may soon encounter…

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Renewable energy sees more support through California cap-and-trade program

California Hydrogen Fuel Market

Cap-and-trade program helps support adoption of renewable energy California is home to one of the first emissions trading markets in the U.S. The state launched its ambitious cap-and-trade program in 2006, but it was not until recently that the program began receiving any significant amount of attention. The program has been holding auctions for its carbon credits since late 2012, after spending years formulating plans to support emissions trading. The program has helped encourage businesses throughout the state adopt renewable energy and embrace more energy efficient practices over the past…

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Renewable energy may see more support through emissions trading reforms

New Hampshire renewable energy - green carbon footprint

RGGI could help direct more attention to renewable energy The U.S. Regional Greenhouse Gas Initiative (RGGI) is the first official cap-and-trade program to be launched in the country. The RGGI created an emissions trading market in the Northeastern region of the country and has helped significantly reduce carbon emissions in this region since 2003. Emissions trading has become a significant facet of sustainability that has managed to garner a great deal of support for the economic benefits it can bring to a country. The states involved in the RGGI have…

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South Korea has high hopes for renewable energy and emissions reduction

South Korea - Fuel Cells

Renewable energy continues to gain support in South Korea South Korea has been making moves to establish itself as a leading power in the realm of renewable energy. The country recently began adopting hydrogen fuel and solar energy more aggressively than it had in the past, hoping to break away from fossil-fuels and establish energy independence. Renewable energy is not the only way to move away from fossil-fuels, however, and the country is close to finalizing a new carbon tax and trading system that could reduce the emissions it is…

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Carbon tax project produces strong results in the US

Wind Energy - Tax Credit

Carbon tax may have many benefits for the country and its renewable energy plans Cap-and-trade has been a relatively controversial subject in the U.S. Some consider the concept of carbon taxing as a financially dangerous move that could worsen the country’s fragile economic position. Supporters of cap-and-trade argue that such a practice is a viable way to reduce emissions and mitigate the effects they have on the environment. Since 2003, the Regional Greenhouse Gas Initiative, a cap-and-trade project that covers ten states in the northeastern parts of the U.S., has…

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Cap-and-trade success in California could extend program nationwide

California Hydrogen Fuel Market

California could prove a successful testing ground for cap-and-trade system Cap-and-trade has long been a controversial topic within the U.S. Though the country is keen to curb its carbon dioxide emissions, the connotations associated with a cap-and-trade system are not often well received by the general public or businesses. For many, the possible link between the government’s actions concerning emissions and the phenomenon of climate change are abrasive. Businesses have not been fans of a cap-and-trade system because of the high operational costs they could see. The country may soon…

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Carbon trading initiative gets boost in South Korea

South Korea carbon trading

Government announces new emissions targets to assist in carbon trading initiative The South Korean government has announced that it will be increasing its emissions reduction target for 2013. The country has been growing stronger as an advocate for clean energy and has taken strides to reduce the carbon emissions it produces in an effort to improve the environment. The government is set to launch an ambitious carbon trading initiative in 2015 and wants to push for a significant drop in harmful emissions before carbon trading starts in that year. New…

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Norway works to adapt to EU Emissions Trading Scheme

Yingli Green Energy Success

Emissions Trading Scheme creating tensions for businesses in Norway Norway recently announced that it will be following a plan laid out by the European Union that aims to encourage large manufacturing companies to stay within the country despite more stringent emissions standards and other environmental policies. Prime Minister Jens Stoltenberg hopes that the initiative will help prevent large companies from moving out of Norway in hopes of finding more leeway in terms of climate regulations. The initiative represents a $90 million investment in the EU’s Emissions Trading Scheme. Emissions plan…

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Carbon pricing takes a turn in Australia

Hydrogen fule - carbon capture

Australia to link carbon pricing plan with the European Union The Australian government has announced that it will be abandoning its own carbon pricing scheme in order to participate in one developed by the European Union. Climate Change Minister Greg Combet announced the move this week, noting that the new carbon pricing plan is expected to take effect between now and 2018. Government officials claim that this is further proof that there is international cooperation in the fight against climate change. Australia’s participating in the EU carbon pricing plan is…

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Cap-and-trade initiative reports significant progress over three years of activity

Hydrogen fule - carbon capture

RGGI releases report documenting successes The Regional Greenhouse Gas Initiative (RGGI) of the U.S., a nine-state cap-and-trade market that was established in the Northeastern region of the country in 2008, has released a report of its previous three years of activity. The RGGI was formed to reduce CO2 emissions in the region by imposing limits on the levels of the greenhouse gas that can be produced by companies. Businesses in the region are able to trade or purchase additional carbon credits in order to avoid regulatory action from the nine…

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Microsoft to adopt internal cap-and-trade practice for carbon emissions

Microsoft cap and trade

Climate change mitigation growing more popular As climate change continues to attract attention, ways to mitigate the potential impact of the phenomenon are becoming a focus for businesses, governments, and other organizations around the world. One of these mitigation factors is a practice often referred to as cap-and-trade. This concept has generated a great deal of controversy in the realms of politics and business, but has managed to also capture a significant amount of support from environmentalist groups and alternative energy companies. The basic premise of cap-and-trade is to instill…

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California moving closer to cap-and-trade auction of carbon credits

Hydrogen fule - carbon capture

California is edging closer to launching its first auction of carbon credits as part of its fledgling cap-and-trade program. The program aims to reduce carbon emissions throughout the state by instituting a cap on how much greenhouse gas a company can produce. The concept has been steeped in controversy for some time. The federal government had once planned to institute a similar program, but the initiative was ultimately defeated. California became the first state in the country to adopt this kind of plan to curb carbon emissions. Since then, much…

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RGGI caps to tighten in six of the nine of the states participating in the initiative

Alternative Energy News

The Regional Greenhouse Gas Initiative (RGGI), a U.S. regulatory plan to reduce carbon emissions, has been met with a degree of success. The nine states that are currently participating in the initiative have successfully lowered emissions by enforcing stringent caps on greenhouse gases. Now, six of the nine participating states have announced that they will be working to eliminate 72% of the carbon allowances they currently hold. These allowances are often sold to companies that produce a significant amount of greenhouse gases, allowing them to avoid running into regulatory action…

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