With cap-and-trade legislation making the rounds in Senate committees, and with President Obama set to visit the United Nations Summit on Climate Change in Copenhagen this month, now might be a good time for advisers to begin reading up on the potential for carbon trading in the United States if they haven’t already.

If passed, such legislation would set the stage for a national carbon-trading system — known as cap and trade — that would allow companies to buy or sell allowances or credits. Read more

Enabling Investors and Policy Makers to Stay Abreast of and Anticipate Key Factors Shaping Emissions Markets

 

   LONDON, March 24 /PRNewswire/ — IDEAcarbon today launched a partnership programme for its Carbon Calendar to enable carbon market participants to track and analyse the key events that shape the regulatory changes and other events likely to influence the global emissions market. The IDEAcarbon Carbon Calendar(TM) was launched today in cooperation with the Thomson Reuters’ Carbon Market Community, the London Energy Brokers Association, reegle.info and Carbon Yatra who will carry the calendar on their websites. The IDEAcarbon Carbon Calendar(TM) was first introduced in December 2007 for government, financial and compliance clients of IDEAcarbon services.

Announcing the launch of the partnership programme, Shandi Modi, CEO of IDEAcarbon said “the Carbon Calendar Read more

 

In this issue of Point Carbon’s free North American weekly:

Lawmakers grapple with strategies to pass climate bill; RGGI prices and market commentary; US EPA unveils GHG reporting rule; US government misjudged CCS pilot costs: GAO; RGGI overallocated in 2009: report; NY considers upping free RGGI allowances; California attempts low-carbon fuel standard; Washington state’s governor still committed to cap and trade; Global carbon market news; Guest commentary by By Revis James, Electric Power Research Institute’s (EPRI) Energy Technology Assessment Center   Read more

Reuters looks at the implications of Obama’s push for a carbon cap and trade for the current global carbon trading markets:

A linked U.S.-European Union carbon market is the grand vision of EU regulators who want to create a broad, low-cost carbon regime for business.

That could be a big plank of a new international climate treaty to replace the Kyoto Protocol after 2012, which faces a tight deadline for agreement in Copenhagen in December.  Read more

There is a movement in the Utah House to get their governor to pull out of the Western Climate Initiative:

From the Salt Lake City Tribune:

A resolution urging Gov. Jon Huntsman Jr. to withdraw Utah from the multistate Western Climate Initiative cleared Utah’s House on Tuesday .

HR3 passed 51-19 after a lengthy debate.

Sponsored by Rep. Mike Noel, R-Kanab, the non-binding measure would send a message to Utah’s chief executive that he overstepped his bounds by participating in energy policy that could affect the economic health of many of the state’s businesses.

The province of Manitoba has recently partnered with the Canadian Standards Association and the Canadian Climate Exchange to create www.GreenRegistry.org. The site is engineered to provide organizations and individuals with the information, guidance and tools needed to respond to climate change.

The Canadian province has set into motion a plethora of initiatives with businesses and communities to reduce greenhouse gas emissions. These activities include devoting resources toward knowledge, promoting technology development and innovation, and encouraging action in all sectors of the economy.