Carbon auction revenues top $3.7 billion

Carbon auction revenues top $3.7 billion… The California Air Resources Board held its most successful carbon allowance auction to date. The February auction was the first to be held following the 2015 expansion of the market to include the transportation sector,...

NYT: A Carbon Offset Market for Trees

NYT: A Carbon Offset Market for Trees… In the last 40 years, more than one billion acres of tropical forests have vanished, equivalent in size to over half of the continental United States. The rate of cutting, burning and clearing shows no signs of abating....

400,000 California carbon allowances trade

400,000 California carbon allowances trade Over 400,000 California carbon allowances for delivery in 2013 exchanged hands in steady volumes over the week.   Prices for 2013 vintage California carbon allowances continued to hover around $12.   With the year...

356,559 California carbon offsets issued

356,559 California carbon offsets issued Over 350,000 California carbon offsets were issued this week according to the California Air Resources Board (ARB) website.   Businesses purchase California carbon offsets to help meet the state’s goal to improve air...

Obama Intends for Congress to Pass Climate Bill

Obama Intends for Congress to Pass Climate Bill President Obama said that moving the controversial climate bill through Congress this year is a task he is personally committed to. He said that the oil spill in the Gulf of Mexico underscores the nation’s need to move...

North American Carbon Market Valued at $2.4 Billion

North American Carbon Market Valued at $2.4 Billion The value of the North American carbon market grew 279% in 2009, to $2.4 billion, according to the World Bank. With a 487% increase in traded volume from 2008, the 2009 traded volume of North American carbon credits...