The consulting and market research company Point Carbon predicts that “Phase 3 of the European Union’s Emissions Trading Scheme [from 2013] (EU ETS) could see the price of an EU Allowance rise from €30/ton in 2013 to €40/t in 2016.” ETS allowances fell to nearly €8/t this year and have recovered slightly since. Firms sold […]
Senior US Representatives Henry Waxman (D-Calif) and Ed Markey (D-Mass) today released draft cap-and-trade legislation that would reshape US energy and climate policy through drastic cuts in emissions in the next 20 years and significant increases in renewables by 2025. The American Clean Energy and Security Act of 2009 (ACES), intended to “create jobs, help […]