About Me
- Iosif Botetzagias
- Assistant Professor of Environmental Politics and Policy, Dept. of Environment, University of the Aegean, Greece
Showing posts with label cap-and-trade. Show all posts
Showing posts with label cap-and-trade. Show all posts
EU signs off on carbon permits bonanza
EurActiv.com, December 23, 2010
A new regulatory regime for dispensing around 100 billion euros of carbon permits has been approved by EU regulators, granting steelmakers and oil refineries free emission allowances in an effort to shield them from international competition after 2012. Fears that tighter controls on CO2 emissions in Europe will drive factories to relocate abroad has led the EU to grant sweeping exemptions for industries deemed to be at risk. Read more...
Tax Fraud Plagues Carbon Trading Program
ΕΝΝ, May 20, 2010
According to Bloomberg New Energy Finance, tax fraud is the carbon trading market’s most egregious form of cheating, affecting about seven percent of this $125 billion market in 2009. In August 2009, seven people were arrested near London for not paying tax on the sale of carbon permits, for a total of £38 million (about U.S. $63 million). The taxes were levied as part of the European Union Greenhouse Gas Emission Trading System, created in January 2005 and based on Directive 2003/87/EC, which was enforced beginning Oct. 25, 2003. Read more...
Tokyo To Pass Cap-And-Trade Emissions Plan
Environmental Leader, June 25, 2008
Tokyo is the first city in Japan to pass legislation that, by fall of 2010, will require a cap-and-trade scheme for emissions from 1,300 of the biggest polluters there that are responsible for 20 percent of emissions in the capital city, AFP reports.
The bill will help Tokyo achieve its goal of reducing greenhouse gas emissions 25 percent by fiscal year 2020, said Satoshi Yamashita, a director at Tokyo’s environmental policy planning section. Tokyo’s GHG emissions totaled around 60 million tons in 2005, or around five percent of the country’s total emissions. Read more...
The bill will help Tokyo achieve its goal of reducing greenhouse gas emissions 25 percent by fiscal year 2020, said Satoshi Yamashita, a director at Tokyo’s environmental policy planning section. Tokyo’s GHG emissions totaled around 60 million tons in 2005, or around five percent of the country’s total emissions. Read more...
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