CBO Report: Carbon offsets not perfect but can reduce costs

Posted on August 4th, 2009.

Reuters, New York – Carbon offsets could help slash costs in a U.S. market designed to reduce emissions of greenhouse gases, but questions linger about whether all of the mechanisms fully cut such pollution, a Congressional Budget Office report said. Annual savings from offsets under the climate legislation passed by the House of Representatives could [...]

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Czech Republic expected to sell most greenhouse gas emissions rights in 2009

Posted on July 17th, 2009.

PRAGUE (Reuters) – The Czech Republic expects to sell most of its 100 million metric tons of surplus greenhouse gas emissions rights this year to European Union governments and private companies, a government official said on Friday. The central European country had been re-thinking such sales earlier this year after the global economic crisis pushed [...]

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U.S. carbon trading market expected soon to boost emissions trading

Posted on May 28th, 2009.

(Reuters): Carbon market professionals hope speedy U.S. Congressional approval of a federal cap and trade scheme will boost emissions trading, which is threatened by recession and slow U.N. climate talks. The existing Kyoto Protocol laid the foundations for emissions trading, by imposing caps on emissions in Europe and other developed countries, which is driving a [...]

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