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The turnover was up 34% from a
year earlier and marked a third consecutive year of growth. The world’s largest
carbon market, the EU’s Emissions Trading System (ETS), makes up of almost 80%
of traded volume. The average price of carbon permits in the scheme rose by $10
last year to $28 a tonne. The European Commission’s “green deal” policy
package, which was announced in December, will commit the European Union to
achieve climate neutrality, emitting no more greenhouse gases beyond what can
be absorbed, by 2050. The world’s biggest emitter, China, will start a
national emissions trading scheme this year. Meanwhile, the country’s eight
pilot schemes had turnover of $301 million, up 40% from last year.
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CBEC Group Signed Contracts With SaskPower & Ontario Hydro In 1990 - Which Included Major Carbon Trading Factor (Brown Gold)
IETA EMISSIONS TRADING CENTRAL PLAYERS WORLDWIDE TRADING IDA
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Education Mobilizes Citizens To Consent To Undertake Extreme Innovations In Staged Events Capitalizing Upon Visionary Life On Earth
By Bangor University : Jan 2001 : The price tag of Britain’s bogs could be set to soar, making them just as valuable as prime farmland.
The research, led by Prof Chris Freeman, showed that despite peatlands containing twice the amount of carbon as the world’s forests they are all but ignored in the United Nations’ original policy to reduce greenhouse gas emissions – the Kyoto Protocol.A review by scientists at Bangor University has highlighted the growing importance of peatlands in carbon trading markets and international laws aimed at combating climate-change.
However, things look set to change in 2013 when the first phase of the protocol finishes and a new scheme takes its place.
Such a change could see the conservation and restoration of peatlands – which include Britain’s bogs and fens - becoming a lucrative business for governments and landowners.
Christian Dunn, a postgraduate student who worked on the research with Prof Freeman at the Wolfson Carbon Laboratory in Bangor's School of Biological Sciences explained: “Peatlands give off varying amounts of greenhouse gases – most notably methane and carbon dioxide – which contribute to global warming.
“However, correct management of peatlands can reduce the amount of these gases released into the atmosphere,” he said.
“Recent developments and decisions surrounding the Kyoto Protocol, and any predecessor to it, mean that accounting for greenhouse gas savings from the management of peatlands could become very profitable.
“Governments could use ‘carbon stewardship’ of their countries’ peatlands to help achieve international emission reduction targets and organisations could create official carbon credits to trade on the growing number of carbon markets.”
Christian added: “Britain’s bogs are far more important than people realise but the actual monetary value of their land area is relatively low.
“Carbon stewardship of peatlands could change this though and maybe one day we will see their price tag reach that of prime agricultural land.”
Prof Freeman said: “Britain’s peatlands cover an area of 5.24 million hectares - about twice the size of Wales - and lock-up around 3,121 mega tonnes of carbon.
“We obviously don’t want that carbon to be released as carbon dioxide or methane so we need to look after our peatlands, but with the constant pressure for land we need an incentive to stop our bogs from being drained.”
“If climate change legislation and carbon trading makes it worthwhile for countries and organisations to look after their peatlands we stand a much better chance of preserving these unique landscapes and the wildlife living in them,” Prof Freeman added.
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