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Crimson Bioenergy Reports Private Placement Financing (Ind. Report)
Crimson Bioenergy
Date: 2013-07-22
Vancouver, B.C.-based Crimson Bioenergy Ltd. is reporting a non-brokered private placement for up to 3,333,333 common shares of the Company at a price of $0.03 per share to raise gross proceeds of up to $100,000. The proceeds will repay $75,000 in current liabilities and the balance will be added to general working capital. This private placement is subject to the approval of the TSX Venture Exchange.

Crimson Bioenergy Ltd.has extensive forest management, forest ecosystem restoration, energy crops and greenhouse gas offsets (carbon credits) expertise and is focused on the development of longer-term wood fibre/carbon credit plantations that meet the terms of "afforestation" under forest carbon offset programs. It also is developing reforestation projects on under-utilized agricultural lands for the expanding biomass energy market that involve short rotation, high density hybrid poplar plantations, called 'energy crops', with 3-to-10 year growth cycles. (Source: MENAFN, 19 July, 2013) Contact: Crimson Bioenergy Ltd., William Carr, CEO, (604) 574-3100, www.crimsonbioenergy.com

Tags Crimson Bioenergy news,  Woody Biomass news,  Reforestation news,  


Chile Leads in South American Reforestation Efforts (Int'l.)
Chile
Date: 2013-07-15
In Chile, between reforestation and afforestation, 160 million trees are planted on an average of 100,000 hectares are planted annually. According to the UN Food and Agriculture Organization (FAO), Chile and Uruguay are the only South American countries where woodland has increased.

According to Fernando Raga, the president of the Chilean Wood Corporation (CORMA), these figures show the importance of planting forests for Chile -- a situation that applies to the rest of the world. Among the four billion hectares of forests in the world, only 7 percent are planted forests, but they provide two thirds of the current wood production, alleviating the pressure on native woodland. Raga says that forest plantation in Chile has doubled in nearly 30 years, increasing from 1.1 million hectares in 1984 to 2.4 million hectares in 2012. The size of native woodland has been relatively stable since the National Cadastre of Native Vegetation Resources of Chile (1994-1997) landmark assessment on land resources. At that time native woodland represented 13.4 million hectares, while the last update indicates that it reached 13.6 million hectares in 2011 -- a net gain of 200,000 hectares in 15 years. (Source: WorldCrunch, July 14, 2013)

Tags Aforestation news,  REDD+ news,  Reforestation news,  Deforestation news,  Carbon Credits news,  


CO2 Group, Newmont Create Aussie Carbon Credits (Int'l)
CO2 Australia,Newmont Australia
Date: 2013-06-07
In the Land Down Under, CO2 Group and Newmont Mining Corp. (Australia) have created the first carbon farming Australian Carbon Credit Units (ACCUs). CO2 Group subsidiary, CO2 Australia, issued the ACCUs on behalf of Newmont Australia's Carbon Farming Initiative (CFI) Reforestation project.

The ACCUs were created using a federal government approved methodology developed earlier this year by CO2 Australia that allows carbon project proponents to account for carbon in reforestation and afforestation projects using field-based measurements. (Source: Newmont Australia, Climate Spec., 6 June, 2013) Contact: CO2 Australia, +61 3 9928 5111, info@http://www.co2australia.com.au, http://www.co2australia.com.au; Newmont Mining Corp. (Australia), www.newmont.com

Tags Carbon Credits news,  CO2 Group news,  


Forestry's Potential for Climate Change Mitigation (Ind. Report)
UK Forestry Commission
Date: 2013-05-20
Historically, forests in pre-agricultural times are thought to have covered around 5700 million ha globally, and to have stored around 1,200 million tonnes of carbon (GtC) in total, including 500 GtC in living biomass and 700 GtC in soil organic matter.

Forests currently cover about 4000 million ha and, excluding woodlands under 0.5 ha, or primarily within agricultural or urban land uses, are estimated to store around 650 GtC, including around 290 GtC both in forest biomass and in soils, and 70 GtC in deadwood and litter. While comparisons are sensitive to definitional issues such as the depth of soil carbon covered, the latter estimates imply that the amount currently stored is of a similar order of magnitude to the total amount of carbon now in the earth's atmosphere -- currently around 800 GtC.

Forestry has a potentially very significant contribution to make globally and might contribute two-thirds of the total climate change mitigation potential of land management activities. There are two principal ways in which it can contribute: deforestation and afforestation/reforestation.

Deforestation is a major source of GHG emissions. This is the reason, for instance, that forestry was the third largest source of global emissions in 2004, accounting for around 17 percent of the total in that year. It's also the reason that it has contributed an estimated 45 percent of the total increase in atmospheric CO2 since 1850. In the absence of mitigation efforts, deforestation could result in an increase of 30 ppm in atmospheric CO2 by 2100, making stabilization of atmospheric GHG concentrations at a level that avoids the worst effects of climate change highly unlikely. Reducing emissions from deforestation and forest degradation (REDD) is therefore a very important climate change mitigation activity if the international community's current climate stabilization aspirations are to be met, especially in countries where the level of annual deforestation is high.

Afforestation and reforestation activities can make significant contributions to sequestering atmospheric carbon, as well as providing a renewable source of energy and materials to substitute for use of fossil fuels and more fossil-carbon-intensive materials. By itself, carbon sequestration by forests is best viewed as a component of mitigation strategies -- however, it is far from sufficient to sequester total emissions from burning fossil fuels.

Under business-as-usual scenarios global emissions from burning fossil fuels may be of the order of 1800 GtC to 2100 GtC over the twenty-first century, exceeding the maximum potential human-induced forest carbon sink by a factor of 5-10. (Source: UK Forestry Commission, 20 May, 2013) Contact: UK Forestry Commission, http://www.forestry.gov.uk

Tags REDD news,  Deforestation news,  Reforestation news,  Climate Change Mitigation news,  


Forest Carbon Credit Project Rules need Simplication, says ICFRE (Int'l, Ind. Report)
Indian Council of Forestry Research and Education
Date: 2013-01-30
The carbon credit rules for forestry projects should be made simpler, according to the Director General of the Indian Council of Forestry Research and Education (ICFRE) which is accredited by the UNFCCC Clean Development Mechanism (CDM) for Afforestation and Reforestation CDM project validation, verification and certification. According to ICFRE, the modalities and procedures for forestry carbon credit projects should be simpler so that the objectives of climate change mitigation could be achieved easily and forest dependent communities benefit from the forestry carbon projects. The ICFRE also expressed concern at the slow process of development of CDM forestry projects in India and at global level. (Source: Indian Council of Forestry Research and Education, The Pioneer, Jan. 29, 2013) Contact: Indian Council of Forestry Research and Education, www.icfre.org

Tags Forest Carbon Credits news,  Carbon Credit news,  Afforestation news,  Reforestation news,  Climate Change Mitigation news,  


BluForest Inc. Receives Approval For Electronic Trading And Its Shares Are Now Full Service DTC Eligible
BluForest
Date: 2012-11-26
BluForest Inc., an emerging publicly traded carbon offsets marketing and renewable energy company, has received approval from the Depository Trust & Clearing Corporation for electronic trading of its common shares, that is, the Company's common shares are now full service DTC eligible.

BluForest Inc. will sell offsets in the voluntary markets under the UN principle of Reducing Emissions from Deforestation and forest Degradation (REDD+). The company has offices in Quito, Ecuador and Calgary, Alberta, Canada. (Source: BluForest, PR, 26 Nov., 2012) Contact: BluForest, (855) 509-5508, info@bluforest.com, www.bluforest.com

Tags REDD news,  Carbon Credit Trading news,  Deforestation news,  Afforestation news,  


China Increases Forest Carbon Sinks to cut GHG Emissions (Int'l)
China,Emissions
Date: 2012-11-26
According to the just released China's Policies and Actions for Addressing Climate Change report, China is increasing the country's forest and grassland coverage and enhancing protection over these areas in order to increase carbon sinks and reduce greenhouse gas emissions.

In 2011, China completed afforestation across nearly six million hectares and upgraded 788,800 hectares of forest that had been haunted by low yield capacity and low protection efficiency. More than 2.51 billion trees were planted in volunteer tree-planting drives in 2011, and China's urban green areas reached 2.24 million hectares, according to the report released by China's National Development and Reform Commission (NDRC).

The State Forestry Administration has formulated a five-point action plan for forestry departments to mitigate climate change in the years until 2015. The action plan includes accelerating afforestation, improving forest management, strengthening forest resources administration, enhancing forest disaster prevention and control and fostering emerging forestry industries.

China has also made efforts to increase its grassland carbon sinks, the report said. In 2011, the State Council disbursed 13.6 billion yuan ($2.16 billion) to develop a subsidy and award mechanism for grassland conservation in nine provincial areas. Approximately 10.57 million farm households benefited from the subsidy and award policy in 2011. The policy was extended to cover herding areas in 2012 as part of the project to return grazing land to more than 4.4 million hectares of grassland.

To strengthen agricultural carbon sinks, the central government committed 30 million yuan to promote conservation farming technology. It has also invested a total of 300 million yuan in conservation farming projects. The carbon storage capacity of farmland soil can be increased by 20 percent by the application of conservation farming technology, which would help cut farmland CO2and other GHG emissions by 0.61-1.27 tonnes per hectare annually. This, if applied nationally, would amount to an annual reduction of more than 3 million tons of CO2, the report said. (Source: shanghaidaily.com, 21 Nov., 2012)

Tags Carbon Sinks news,  Reforestation news,  Afforstation news,  Greenhouse Gas Emissions news,  


Nigerian Gov., Zamfara State Partnering on Jatropha Production (Int'l)
Jatropha
Date: 2012-04-30
The Nigerian Federal Government reports that it is interested in partnering with the Zamfara State Government and a leading oil company on the cultivation of Jatropha on 10,000 hectares of land. An advisor to the Zamfara Governor on Afforestation said the programme was designed to create job opportunities for hundreds of youths and other jobless Nigerians.

The state government has already acquired land for the project and a Memorandum of Understanding (MoU) detailing the state's involvement and investment is expected to be signed shortly. (Source: Business Day, 26 April, 2012)

Tags Jatropha news,  


Crimson Bioenergy Announces Delivery of 129,545 tonnes of VERs to ERA Carbon Offsets (Ind. Report)
Crimson Bioenergy,ERA Carbon Offset
Date: 2012-01-30
Canadian forest products company Crimson Bioenergy Ltd. (TSXV: CSN) through its wholly owned subsidiary CSQ Environmental Technologies Ltd., reports the sale and delivery of 129,545 Verified Emission Reductions (VERs) to ERA Carbon Offsets Ltd. (TSX-V: ESR). The VERs resulted from the successful completion of Crimson's first afforestation project near Fort St. John, BC. The project was independently validated and verified as ISO 14064-2 compliant.

CSQ and ERA have amended the amount of VERs to be delivered under their agreement to the 129,545 VERs being transferred, with CSQ retaining full rights to the additional VER's that will be resulting from the project.

William W. Carr, President and CEO of Crimson stated, "We are excited to complete the validation on the Flatrock project and the transfer of VERs to ERA. We view the Flatrock project as a critical step to bringing this under-utilized land back to working forest. The Flatrock lands are a great initial acquisition for the Company." Duncan Manson, CEO of ERA states, "We are pleased to see this important pilot carbon project achieve this milestone and deliver its first tonnes [or 'VERs.'] We'd like to congratulate Crimson for their diligent work in envisioning the project and bringing it to life. The Flatrock project demonstrates the efficacy of using carbon finance as a mechanism to help address the forest restoration needs of British Columbia." (Source: Crimson Bioenergy, January 2012) Crimson Bioenergy Ltd., William Carr, CEO, (604) 574-3100; ERA Carbon Offsets, Duncan Manson CEO, (604) 973-6500

Tags VERs news,  Afforestation news,  Crimson Bioenergy news,  ERA Carbon Offsets news,  


Crimson Bioenergy Delivers 129,545 tonnes of VERs from B.C. Afforestation Project (Ind. Report)
Crimson Bioenergy,ERA Carbon Offsets
Date: 2012-01-30
Surrey, B.C.-based Crimson Bioenergy Ltd. (TSXV: CSN), through its wholly owned subsidiary CSQ Environmental Technologies Ltd., reports the sale and delivery of 129,545 Verified Emission Reductions (VERs) to ERA Carbon Offsets Ltd. (TSX‐V: ESR). The VERs, defined as one tonne of CO2 equivalent emissions reductions, resulted from the successful completion of Crimson's first afforestation project which was independently validated and verified as ISO 14064-2 compliant. The project is located near Fort St. John, BC and involved the afforestation of over 200 hectares of under-utilized land with a combination of white spruce and hybrid poplar. CSQ and ERA have amended the amount of VERs to be delivered under their agreement to the 129,545 VERs being transferred, with CSQ retaining full rights to the additional VER's that will be resulting from the project. In addition to the business reasons for the project, this undertaking will also enhance watershed protection in the area and provide increased habitat for native species of birds and animals.

(Source: Crimson Bioenergy, January 2012) Contact: Crimson Bioenergy Ltd., Peter Fentiman, Investor Relations, (604) 210-0899, www.crimsonbioenergy.com; ERA Carbon Offsets, Duncan Manson, CEO, OR John Block, Director of Operations, (604) 973- 6500 x 110, www.eracarbonoffsets.com

Tags VERs news,  ERA Carbon Offsets news,  Afforestation news,  


American Carbon Registry Approves Carbon Offset Methodology for Deltaic Wetland Restoration (Ind. Report)
American Carbon Registry
Date: 2012-01-20
American Carbon Registry (ACR), a nonprofit enterprise of Winrock International, announces an open public comment period for a first-of-its-kind carbon offset methodology that will both quantify how wetland restoration work can combat climate change and provide a way to help pay for rebuilding the Gulf of Mexico's disappearing coastal wetland. The methodology, Restoration of Degraded Deltaic Wetlands of the Mississippi Delta, was funded by Entergy Corporation and developed by Dr. Sarah K. Mack of New Orleans-based Tierra Resources LLC, with contributions from Dr. Robert R. Lane, Dr. John W. Day and Tiffany M. Potter. The new wetland offset methodology is unique not only because it is the first carbon offset methodology to target deltaic wetland restoration, but also because it uses a modular format, which provides flexibility for numerous types of wetland restoration techniques and facilitates methodology expansion. Another key innovation of the methodology is the incorporation of hydrologic management of nutrient-rich waters as a restoration technique, including options for diversion of river water into wetland, introduction of non-point source runoff into wetlands and discharge of treated municipal effluent into wetlands. Avoided loss and afforestation are also included wetland restoration techniques.

The primary hurdle to implement Mississippi Delta restoration is the price tag, estimated between $10 billion for near-term restoration to $150 billion for broader restoration and protection measures. Louisiana's Comprehensive Master Plan for a Sustainable Coast recently estimated that between $20 billion and $50 billion will realistically be available for funding over the next 50 years, but acknowledged a budget up to five times that size could be needed. Under the new methodology, carbon credits created by restoring wetlands can be registered and sold to help finance additional wetland restoration. (Source: American Carbon Registry) Contact: American Carbon Registry, Mary Grady, Director of Membership and Registry Services, (703) 525-9430, ext. 820, mgrady@americancarbonregistry.org, www.americancarbonregistry.org

Tags American Carbon Registry news,  


Carbon Market Driving Reforestation (Ind. Report)
National Association of Forest Owners
Date: 2011-12-21
The New Zealand Ministry of Agriculture & Forestry (MAF) says foresters seeking carbon credits through the Emissions Trading Scheme have been driving much of the increase in new tree plantings. MAF's estimates, based on reports from commercial forestry nurseries, show that 67 million seedlings were planted during the year to April. That's a 27% increase on the previous year. MAF says that would equate to 12,000 hectares of new plantings on top of what's needed to replace harvested forest. Sector policy director Iain Cossar says the incentive provided by the carbon market is one of the main contributing factors, but others are the comparatively high prices being paid for logs and MAF's own afforestation grants scheme and East Coast forest project. However, the National Forest Owners' Association thinks a recent dive in international carbon prices has changed the situation. Association CEO David Rhodes said MAF's figures were from April 2011 when carbon was fetching $20 per tonne. Since then the price has dropped to less than half that amount and, at that level, he doesn't think it is doing much for new planting. (Source: The Ministry of Agriculture & Forestry, December, 20, 2011) Contact: www.maf.govt.nz/

Tags NAFO news,  Reforestation news,  


Toyota Showcases Biotechnology Tech. (New Prod. & Tech.)
Toyota
Date: 2011-10-04
Toyota Motor Corporation (TMC) today held an event at its Toyota Biotechnology and Afforestation Laboratory in Aichi prefecture to showcase technologies developed there as part of its biotechnology and afforestation businesses. Technology on display included a newly developed yeast that increases the production yield of cellulosic ethanol bio-fuel, new technologies for the greening of parking lots and walls, and a new "cool-spot creation technology" for simulating and analyzing the effects of greening.

Through the use of gene recombination technology, Toyota recently developed a new strain of yeast that will play an important role in the fermentation process for producing cellulosic ethanol. Fermentation of xylose, one of the sugars produced when plant fibers are broken down in the enzymatic saccharification process, is normally difficult to achieve with naturally occurring yeasts. Toyota's newly developed yeast is not only highly efficient at fermenting xylose but also highly resistant to such fermentation-inhibiting substances as acetic acid. As a result, the yeast has achieved one of the highest ethanol fermentation density levels in the world* (approximately 47 g/liter), and is expected to improve bio-fuel yield and significantly reduce production costs.

Research at Toyota is underway on developing comprehensive technologies for the various processes involved in producing cellulosic ethanol, including raw material pretreatment, enzymatic saccharification and yeast fermentation. Ultimately, the Company plans to further improve bio-fuel production yield and to cooperate with energy companies to realize its goal of commercializing cellulosic ethanol by 2020. (Source: Toyota, October, 3, 2011) Contact: Toyota, www.toyota.com


Congo Plans 2.47 million Acre Reforestation Effort (Int'l., Ind. Report)
Congo
Date: 2011-08-11
The Republic of the Congo has announced a new program to create plantations across one million hectares (2.47 million acres) of degraded forest lands. The program, known as the national program of afforestation and reforestation , is being pushed to support various industries, carbon sequestration and to take pressure off native forests.

According to Reuters, the Republic of the Congo is seeking donor support and international investments of $2.6 billion for the initiative.

Although the plan is being sold as environmental reforestation, it could easily be construed as effort to attract investment in plantation products. According to a press release from the government, the plantations will use both native and exotic species. "Through this program, developers of biofuels, pulp and paper, medium fiberboard and high density of essential oils and find investment opportunities in the plantations to meet wood-term needs of and oil industry," a Congo government press release states.

Environmentalists blame expansion of industrial plantations—oil palm, wood-pulp, and rubber—for driving large-scale destruction of forests, especially in Southeast Asia. Forest loss has further imperiled already-endangered species and emitted vast quantities of GHGs.

Logging and illegal logging are the primary threat to Africa's great Congo rainforest, the second largest in the world after the Amazon.(Source: Mongabay, August,10, 2011)

More Energy Overviews Reforestation news,  Afforestation news,  


UN Forestry Projects Registration Too Complex (Reg. & Leg.)
World Bank,BioCarbon Fund
Date: 2011-07-07
The complicated processes that afforestation and reforestation projects must adhere to qualify for the UN's planned forest-based carbon trading system could stifle the industry's growth, according to the World Bank. There are currently around 27 forestry projects registered under the Clean Development Mechanism (CDM), and a further 50 are in the works. But, despite streamline to streamline the process it must be made more accessible, a published World Bank report reiterated yesterday.

The report notes that the first afforestation and reforestation (A/R) scheme was registered in China in 2006, but subsequent schemes did not follow until 2009 because the UN was slow in developing the registration process for the sector. The report adds that once the processes were established the "methodologies for forestry projects were complex and unclear", before warning that later attempts to refine the rules did not go far enough.

The Bank has supported 13 of the 27 projects through its BioCarbon Fund, which since it started seven years ago has generated 8.6 million emission offsets primarily by restoring degraded land. Its analysis concludes that these activities can generate emission reductions, increase resilience to climate change, and conserve biodiversity as well as create strong socio-economic benefits for local communities.

However, it warns that many of these projects face lead times of up to four years if they are to register with the CDM, while also predicting that they will require assistance overcoming land eligibility and non-permanence issues, designed to address the risk that the trees burn down and lose their carbon stock. (Source: World Bank, Business Green, July, 5, 2011) Contact: World Bank, www.worldbank.org

More Energy Overviews Afforestation news,  Reforestation news,  


Reforestation Delivers Carbon Revenues, Benefits (Ind. Report)
World Bank,BioCarbon Fund
Date: 2011-07-07
Carbon markets can successfully bring revenue to poor rural communities through reforestation projects but the processes involved need reform and improvement. That is the conclusion of a World Bank report released today which draws on seven years of experience of afforestation and reforestation (A/R) projects in 16 developing countries under the World Bank's BioCarbon Fund (BioCF).

The report, released at the Africa Carbon Forum in Marrakesh, Morocco, finds that A/R projects in developing countries face numerous regulatory, capacity, finance and land tenure issues. Despite these barriers, the projects are not only mitigating climate change by contributing to the storage of carbon dioxide, they are also improving rural livelihoods, increasing resilience to climate change, conserving biodiversity, and restoring degraded lands.

"Since 2004, the World Bank's BioCarbon Fund has built one of the largest portfolios of afforestation and reforestation projects under the UN's Clean Development Mechanism (CDM)," said Joelle Chassard, Manager, Carbon Finance Unit of the World Bank. "When analyzing the most efficient mitigation opportunities in developing countries, it is important to look toward the future while taking stock of what has worked and what has not. This report provides important lessons for project developers, validators, regulators, and national authorities" The BioCF is a public-private initiative mobilizing resources for projects that sequester or conserve carbon in forest- and agro-ecosystems. To date, the Fund has contracted 8.6 million emission reductions from 21 projects, most of which are on degraded lands. More than half of the projects involve planting trees for the purpose of environmental restoration. It demonstrates that land-based activities can generate emission reductions with strong environmental and socio-economic benefits for local communities. The report, The BioCarbon Fund Experience - Insights from Afforestation and Reforestation CDM Projects, documents lessons from the early years of implementing A/R projects in developing countries.

It finds that these types of projects have proven challenging to develop and implement. Complex rules for designing CDM projects are among the obstacles, as is land eligibility and non-permanence. Non-permanence, for example the risk that trees burn down and thus lose their carbon stock, is currently addressed through temporary crediting, which can limit the demand for forest carbon assets. The report suggests a number of improvements that could make the implementation of these projects easier for project developers and government officials. (Source: World Bank, July, 5, 2011)

Find more information on the BioCarbon Fund HERE Contact: Joelle Chassard, Manager, Carbon Finance Unit of the World Bank, (202) 473-1000, www.worldbank.org

More Energy Overviews Carbon Markets news,  Reforestation news,  World Bank news,  


AUO Wins World's First ISO 50001 Certification (Int'l., Ind. Report)
AUO,International Organization for Standardization, ISO
Date: 2011-06-24
Following the publishing of ISO 50001 standard for energy management by International Organization for Standardization (ISO) on June 15, AU Optronics Corp. (TAIEX: 2409; NYSE: AUO) announced today that its G8.5 facility in Central Taiwan Science Park has passed ISO 50001 standard for energy management. AUO is the first manufacturer in the world to have obtained this certification. Meanwhile, AUO's TV module plant in Suzhou, China has also passed the evaluation. AUO's next step is to apply this energy management system to all its global production sites.

The company introduced ISO 50001 to front-end TFT and back-end module facilities based on its obtained certifications such as ISO 14001, ISO 14064, and LEED. The goal is to achieve 25% energy savings in 2015, with 2010 as the base year. The focus of the ISO 50001 certification is on production energy management. With such a scheme implemented, 10% energy conservation could be achieved for AUO's G8.5 fab in Central Taiwan Science Park in 2011. An estimated 55 million kWh of electricity will be saved, and 35 thousand tons of carbon emissions reduced, the equivalent effect of the afforestation of nine New York City Central Parks. Approximately 5% of energy could be saved at AUO's Suzhou TV module plant, equivalent of around 1.5 million kWh of electricity. In the future, AUO plans to advance the ISO 50001 energy management system to each fabrication. By means of energy source management, energy performance will also be taken into account in procurement to enhance value chain energy management.(Source: AUO, June, 23, 2011) Contact: International Organization for Standardization,+41 22 749 01 11, www.iso.org

More Energy Overviews ISO 50001 news,  


Australia, NZ Explore Joint Emissions Trading (Int'l, Ind. Report)
Autralia,New Zealand
Date: 2011-06-21
Australia and New Zealand are working to form a linked trans-Tasman emissions trading scheme following an agreement between the prime ministers of both countries in Canberra today.

Since 2008 New Zealand has had a carbon price of NZ$12.50 ($10) per tonne of carbon, which is due to rise to NZ$25 by 2013. Australia's initial carbon price is expected to be between $20 and $30 per tonne when and if the scheme is introduced in July, 2012. New Zealand prime minister John Key says the scheme has been a success in his country and has led to more applications for renewable energy generation and afforestation.

Officials from both countries will begin work soon to link the two emission trading schemes "at an appropriate point in the future". However Australia's scheme is by no means certain, as no agreement has been made in the Multi-Party Climate Change Committee. (Source: ABC net, June, 20, 2011)

More Energy Overviews Emissions Trading Scheme news,  

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