From 2012 all planes landing and taking off from EU airports will be part of the trading scheme. Polluters will be able to buy carbon credits to cover up to 50% of their emissions, from projects outside the EU that are dedicated to clean technology.
The European Commission would have preferred all allowances to be auctioned to polluters as a general rule, but governments won exemptions for some power companies in central
Some heavy polluters will be entitled to free allowances if they are deemed likely to lose out to competitors outside
The money raised from selling allowances will go to national governments. But some – 300 million allowances – has been earmarked to help build carbon-capture and storage plants, or “innovative” renewables, such as offshore wind power (source: European Voice).
- Federal regulators are preparing to launch "a very serious look" at requiring corporations to assess and reveal the effects of climate change on their financial health, according to a commissioner on the Securities and Exchange Commission
- The oil giant Exxon Mobil, whose chief executive once mocked alternative energy by referring to ethanol as “moonshine,” is about to venture into biofuels
In the meantime, if you would like to learn more on how you can quantify and monetize your carbon, training on carbon markets, how to match it with local (CDM) projects and offsets with renewable technologies, tackling major carbon challenges and other “advantages” that carbon has to offer to your company (i.e.: unknown currency), please call me to arrange a meeting.