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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California cap-and-trade program set for second auction

California Cap-and-Trade Alternative Energy

Cap-and-trade continues to prove success in California In early 2012, California introduced an ambitious cap-and-trade initiative that aimed to significantly reduce the greenhouse emissions that the state produces. The initiative was an offshoot of a similar measure that was shaping up from the U.S. government at the time. While the federal measure collapsed, the California cap-and-trade program continued taking form. The California Air Resources Board, which oversees the program, recently held the first carbon credit auction for the program, which set a high standards due to its success and proved…

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Kenya Clean Water Project generates carbon credits

Fracking - Drinking Water Contamination

Kenya Clean Water Project begins offsetting carbon emissions Clean water is a very important issue for much of the developing world. Many communities in developing countries lack access to water that is clean enough to drink. These communities must often settle for water that contains diseases and harmful organisms. The Kenya Clean Water Project is helping solve this problem and is even reducing carbon emissions in Africa by generating carbon credits. These credits can be purchased and used by companies to avoid some of the stringent emissions regulations that can…

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Societe Generale surpasses emissions reduction targets

Hydrogen Fuel gains hype

Societe Generale aiming for complete carbon neutrality Societe Generale, one of the largest banks in Europe, has surpassed the goals it has set for itself through its carbon neutrality plan. The bank, which is based in France, adopted this plan in early 2008, with a goal to reduce carbon emissions per occupant by 11% each year until the end of 2012. To accomplish this goal, the bank adopted a mix of alternative energy and internal carbon taxation. This proved to be a powerful combination, as it helped Societe Generale exceed…

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Australian companies adopting solar energy in droves

Australia solar energy news

Solar energy could be t he key to financial stability More Australian businesses are making the switch to solar energy in an effort to save money. Energy prices are going up in the country due to the rising tensions, political and otherwise, surrounding fossil-fuels. As it becomes more problematic for oil to find its way to Australia, the cost of the commodity increases. This is beginning to put excessive strain on businesses that could receive the energy they need through renewable sources. Provincial governments throwing more support behind solar energy…

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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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UN Clean Development Mechanism now supports coal

Hydrogen fule - carbon capture

UN introduces new rules to Clean Development Mechanism The United Nations has been very concerned for the world’s environment in recent years. The organization has been working to take steps to mitigate the potential effects of climate change. Part of the UN’s efforts take the form of carbon credits associated with the Clean Development Mechanism. This mechanism is designed to help countries achieve sustainable development through the use of clean energy and assist countries reduce the amount of emissions they produce. The Clean Development Mechanism is considered a viable way…

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Economists support California cap-and-trade program

California Hydrogen Fuel Market

California cap-and-trade program gains support of renowned economists Earlier this week, California Governor Jerry Brown received letters from nearly 60 renowned economists from around the country. These economists have come out in support of the state’s ambitious cap-and-trade program, which aims to cut carbon dioxide emissions and promote environmentalism amongst the state’s largest companies. The California cap-and-trade program is part of the state’s Global Warming Solutions Act, a legislation that aims to mitigate or halt the effects of climate change. The support provided by economists is likely to add momentum…

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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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