Climex News Update

'Officials must be tougher on fraud'

Mon, 08 Feb 2010 14:52:03 +0100

Officials must be tougher on fraud, Barclays trading head says. Following last week's revelation that about 250,000 carbon dioxide allowances worth $4.4 million were improperly transferred after cyber attacks, fraud threatens to undermine the world's largest emissions market, the head of carbon trading at Barclays Capital said in an interview. Carbon trading volumes on Paris' BlueNext exchange fell to the lowest level since Dec. 28 on word of the cyber attacks.
"Without consistent and decisive action by the European Union, the world's flagship carbon market will become mired in fraudulent activity," said Louis Redshaw, managing director of Barclays PLC's investment bank unit (Source: E&E News)

China wants binding climate agreement in Mexico

Tue, 02 Feb 2010 10:52:55 +0100

China backs a climate change accord struck at a contentious summit late last year and wants a binding global agreement from talks culminating in Mexico later this year, Chinese Premier Wen Jiabao has said.
The Chinese leader endorsed the "Copenhagen Accord" in letters on January 29 to the United Nations Secretary-General Ban Ki-moon and Danish Lars Lokke Rasmussen, whose country hosted the rancorous summit that produced the controversial, last-minute document on fighting global warming, the official Chinese Xinhua news agency reported on Monday (Source: Reuters)

Climex Data available on Bloomberg

Thu, 28 Jan 2010 14:15:27 +0100

As of the start of the New Year Climex continuous trade data are available on Bloomberg. Subscribers to the BLOOMBERG PROFESSIONAL� service can see prices and volumes of EUAs, CERs and ERUs on the Climex Spot Platform.

Outcome Copenhagen; Summit or Downfall?

Thu, 28 Jan 2010 13:05:28 +0100

The long awaited United Nations Climate Change Conference did not lead to any binding agreements.

UnLevel VAT Playing Field

Thu, 28 Jan 2010 12:57:57 +0100

Still no univocal VAT policy regarding the EU ETS is incomprehensible and irresponsible.
2009 will by many active in the EU ETS be remembered as the year of the alleged carousel VAT fraud or missing trader fraud.

Climex organises Allocation Auction Workshops

Thu, 28 Jan 2010 11:27:38 +0100

Climex has always been organising workshops to support compliance companies in acquiring information and experience in the emerging carbon market.

Climex present at CMI Amsterdam as part of Hall of Holland

Thu, 28 Jan 2010 10:59:54 +0100

This year the annual Carbon Markets Insights conference organised by Point Carbon will take place in Amsterdam from 2 � 4 March. After 4 years in Copenhagen the conference is back at its starting location.

Wagenplan is seeking 26,000 VERs in �Reversed VER Auction�

Thu, 28 Jan 2010 10:57:06 +0100

For the second year Wagenplan, a Dutch car lease company, contracted Climex to purchase their VERs by auction.

Third Austrian EUA Auction 23 March 2010

Thu, 28 Jan 2010 10:25:50 +0100

On 23 March, the Austrian Government intends to hold its third EUA auction for 300,000 EUAs, within the EU ETS (Emissions Trading Scheme), on the Climex Platform.

Climex Energy Auction prepares Purchase Auction for Dutch Government

Thu, 28 Jan 2010 10:24:32 +0100

Climex Energy Auction has started to prepare for the European Tender procedure regarding the purchase of the Dutch Government�s total energy consumption.

Successful Energy Auction for University of Breda Avans

Thu, 28 Jan 2010 10:21:38 +0100

On 18 November 2009, Climex Energy Auction successfully auctioned the gas contract for Avans Hogeschool, totalling 4 gas connections.

Obama wants a US Energy & Climate Bill

Thu, 28 Jan 2010 04:25:51 +0100

Obama's first State of the Union

"... to create more of these clean energy jobs, we need more production, more efficiency, more incentives. That means building a new generation of safe, clean nuclear power plants in this country. It means making tough decisions about opening new offshore areas for oil and gas development. It means continued investment in advanced biofuels and clean coal technologies. And yes, it means passing a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America."

Interest In Voluntary Carbon Credits Picks Up

Thu, 28 Jan 2010 04:12:01 +0100

Carbon offset retailers and brokers have seen increased interest in and demand for voluntary carbon credits this month, particularly from the United States.
"Since this year started we have seen a huge amount interest -- mostly from the U.S. -- in carbon credits and it won't be long before the voluntary market worldwide begins really to gain some momentum," said Matthew Sullivan, chief executive of carbon offset retailer the Carbon Advice Group. Source: Reuters

Japan, Australia stick to targets as Copenhagen Accord deadline looms

Wed, 27 Jan 2010 21:54:52 +0100

The governments of Japan and Australia today confirmed that they would stick with their existing 2020 emission reduction targets, with just four days until a 31 January deadline to submit goals under the Copenhagen Accord. Japan is committed to a 25% reduction below 1990 levels by 2020, if �all major economies� sign up to an international agreement and adopt ambitious targets, according to the country�s Ministry of Foreign Affairs. Australia�s climate change minister Penny Wong meanwhile said the country was committed to a 5% reduction on 2000 emissions by 2020, but would consider a target in the range of 15-25%, also depending on the targets taken by other nations.
�A lot of the big developed countries will submit targets by 31 January,� said Ben Caldecott, head of UK and EU climate change and energy policy at London-based asset manager Climate Change Capital (CCC). Source: Carbon Finance

CO2 dump slump fears

Wed, 27 Jan 2010 02:46:04 +0100

See ft blog after Merryl Lynch story