Carbon Trading

Shell climate change adviser says Commission should be more 'heavy handed' with industry to scale up carbon capture and storage technology

Industry presses EU Commission to set out new targets for renewables, energy efficiency, and emissions

Study argues retirement of carbon allowances and formation of new management body critical to restore carbon market’s credibility

Over 100 groups of micro carbon-cutting schemes now accredited by UN's offsetting programme

CO2 permits for 2013 clear $2.91 above floor price, as EU committee again discusses propping up ailing Emissions Trading System

Analysts warn failed auctions are creating a vicious cycle which pushes prices down further

Price of allowances drops to just over €4 as commissioners meet to discuss potential 2030 climate targets

Decision paves way for full Parliament to vote on proposal to withhold 900 million credits from auction

Analysts expect committee to support plan to withhold permits from auction, but ongoing policy uncertainty means a boost for carbon prices remains unlikely

Proposal to target most polluting facilities in America would raise $1.2trn, 60 per cent of which would be returned to bill payers