AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
EXPERTS AT AUST CONFERENCE SAY BIG POTENTIAL IN CARBON MARKETS.
SYDNEY, June 1 Asia Pulse - Scientists, cotton and tree farmers, bankers, and sustainability experts all gathered in the same room on Thursday to talk about carbon trading.
Macquarie Bank (ASX:MBL) executive director Anthony Abraham, who was a speaker at the Oz Carbon Conference in Sydney, presented a slide of a banker running and another smiling with glee, helping to illustrate his point - that there is huge potential in carbon markets.
"This happy banker is here because of the opportunities there and he is looking to the upside ... and we see why he is smiling... the World Bank tells us that in 2006 we had three times the volume of carbon trading in the market that we did the year before, $A30 billion ($US24.79 billion)," he said.
"That's enough to make any banker shout and take notice.
"This is a growing market, and a very large market."
Although the vast majority of the trading is happening in Europe, the other major part of the industrialised world, the US, there is the voluntary market the Chicago Climate Exchange (CCX).
The CCX has been extremely successful with 10.3 million tonnes of carbon traded in 2006, versus the 1.1 billion traded in Europe.
- Catching up with the new carbon cycle: while Australia has been slow to embrace...
- Magazine article from: Ecos Taylor, Robin August 1, 2007 700+ words
...market for carbon emissions trading was worth around US$30 billion--an almost threefold increase from 2005. (1) Carbon markets function by placing a cost on carbon emissions, a value on emissions reductions, and enabling trade of the resulting allowances...
- Belgium : Brussels targets carbon trading fraud ahead of Copenhagen summit.
- News wire article from: TendersInfo September 30, 2009 700+ words
...stop its much-vaunted carbon trading system being riddled by...cap-and-trade" carbon trading scheme adopted around...simply removed VAT from the carbon markets while the British declared carbon trading to be zero rated for VAT...
- United States : Carbon trading vital for climate deal.
- News wire article from: TendersInfo November 10, 2009 700+ words
...Byline: Mamta03 Carbon trading will play a...change and carbon markets at PricewaterhouseCoopers...stability of carbon markets at this stage...warned that carbon trading could spark...organisation, carbon markets are now dominated...
- Carbon markets gain momentum, despite challenges.
- Magazine article from: World Watch Chafe, Zoe May 1, 2008 700+ words
Carbon markets are designed to combat...amount traded in 2005. Carbon markets can be either mandatory...The world's largest carbon trading platform, the European...and begin mandatory carbon trading. The United States...
- GS Energy Announces Formation of Carbon Trading Unit.
- Press release article from: Business Wire September 6, 2006 700+ words
...its formation of a carbon trading division to focus...carbon emissions. Carbon Trading The Green Tag market...GS Energy's carbon trading group was founded...capitalizes on the evolving carbon markets while facilitating...
- Carbon trading vital to climate change success - PM Report.
- Press release article from: M2 Presswire July 20, 2009 700+ words
...the transition to low carbon. "Carbon trading can also play a role: as a way...important contribution to showing how carbon markets can do that. "To make carbon...the US and Australia. By making carbon trading work, we can make it far more...
- Hm Treasury Announces Establishment of Carbon Markets Expert Group.
- Press release article from: M2 Presswire November 14, 2007 700+ words
...setting up a carbon markets experts group...centre for carbon trading, welcomed...be green and carbon trading is the key...the global carbon trading market is worth...Communications for the Carbon Markets Association...
- CARBON TRADING BLASTED BY INDIGENOUS GROUPS
- Magazine article from: Rachel's Democracy & Health News Rizvi, Haider May 8, 2008 700+ words
...The term "carbon trading" refers to...responsibility. Under carbon trading programs...Nations describes carbon markets as an an efficient...facilitating carbon trading programs...Redman think carbon markets will not only...
