Energy
Rosneft and TNK-BP trade on Saint Petersburg exchange
Russian oil companies Rosneft and TNK-BP have confirmed details of their trading activities on St. Petersburg International Mercantile Exchange (Spimex).
House unveils draft cap and trade bill
Democrats in the House of Representatives issued draft legislation today proposing an 83% carbon cap by 2050 and a national renewable energy requirement of 25% by 2025.
Low oil price puts supply growth at risk
Future oil supply growth could be hit by the fall from last July's peak price of $147 per barrel, according to a new study, with 7.6m barrels per day (bpd) at risk between 2009 and 2014.
Executive Board streamlines CDM processes
Tighter standards and more streamlined procedures for the accreditation of third-party certifiers of Clean Development Mechanism (CDM) projects were announced at the CDM Executive Board meeting held in Bonn, Germany yesterday.
EPA finding could trigger GHG regulation
The US Government is reviewing a proposed finding submitted last week by the Environmental Protection Agency (EPA) concerning the dangers posed to public health by greenhouse gas emissions.
Market frustrated by lack of detail on US toxic-asset purchase plan
Economists and analysts have criticised the US Treasury's updated toxic-asset purchase plan for again failing to provide the granular detail or specified launch date necessary to reassure capital markets the proposals will indeed help curb the global…
European utility CEOs aim for carbon-neutral power by 2050
Sixty European electricity company CEOs have handed over a declaration to EU energy commissioner Andris Piebalgs in which they pledge to supply carbon-neutral power by 2050.
CME launches OTC grain swaps through ClearPort
The Commodity Futures Trading Commission (CFTC) has given regulatory approval for the CME to clear corn basis swaps and calendar swaps for corn, wheat and soybeans.
Deutsche Bank takes stake in iron ore brokerage
Deutsche Bank has taken an equity stake of undisclosed size in newly-established London Dry Bulk (LDB), a specialist physical and financial iron ore brokerage division of London Commodity Brokers.
LCH.Clearnet to launch OTC clearing service for spot emissions
LCH.Clearnet has announced intentions to launch a clearing service for UK participants in the spot market for carbon credits.
EcoSecurities makes first transfer on Voluntary Carbon Standard registry
Carbon project developer EcoSecurities has made the first transfer of Voluntary Carbon Units (VCUs) to Australian voluntary carbon retailer Climate Positive through the global Voluntary Carbon Standard (VCS)registry TZ1. The generated VCUs came from an…
New registry will guarantee carbon offset credits
Caisse des Dépôts, a AAA-rated financial security centre, has launched a Voluntary Carbon Standard (VCS) registry for the voluntary carbon emissions offset market.
Point Carbon finds recession has reduced demand for carbon credits
The global credit crunch has significantly altered the balance between the supply and demand for carbon credits and led to a large scale-back in carbon credit project development, carbon consultancy Point Carbon has stated at its Copenhagen-based…
Spectron brokers first California carbon option
Spectron Environmental, the environmental products division of commodities brokerage Spectron, has brokered the first cleared Californian carbon option.
Commodities on Bclear from March 30
Exchange NYSE Liffe will offer clearing for a range of soft and agricultural commodity products on its over-the-counter (OTC) trade confirmation, administration and clearing platform Bclear on March 30. Bclear was launched in 2005 and currently offers…
Carbon Capture - Going underground
Carbon capture and storage has been put forward as a viable option for keeping coal-fired power firmly on the energy agenda. Pauline McCallion finds out what stands in the way of this part of the climate change solution
Regulation rethink
Calls for more regulation of the US power markets have subsided recently as fuel prices drop, and experts predict that a hybrid system of lighter regulation coupled with market-based pricing will become the new model across the country. Pauline McCallion…
Special Report Carbon Trading - Australia's CPRS getting to the start line
Australia is set to introduce a national emissions trading scheme in 2010. However, there is still much uncertainty surrounding the scheme. Katie Holliday looks at how companies are preparing for it
Renewables Portfolios - Exposed to the elements
Optimising a renewables portfolio is fraught with challenges. Stephen Maloney discusses them, and suggests some methods that allow for a more robust approach to portfolio optimisation
Interview - Forward market thinking
Richard Sandor, chairman and chief executive officer of the Chicago Climate Exchange, pioneered the first ever emissions trading scheme in the late 1980s for acid rain, drawing on his experience in launching interest rate futures 20 years earlier. He…