Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting.
Tag: ETS
Jail sentences for 11 in France’s carbon scam of the century
A French court has sentenced businessman Arnaud Mimran to eight years in jail and a €1 million fine, for his role in a €283 million carbon tax fraud. The scam took place from November 2008 to June 2009, during which time the scammers pocketed €283 million in non-paid VAT on €1.4 billion worth of emission…
Jens Frølich Holte, political adviser to Norway’s Minister for Climate and Environment, explains why he supports using markets and pricing carbon
In March 2015, Bloomberg quoted Jens Frølich Holte, political adviser to Norway’s Minister for Climate and Environment, as saying that, “Carbon trading can speed up the global transition away from a fossil economy. Trade creates benefits and this is as true for carbon as it is for other commodities.”
Global carbon markets have shrunk in value by 60% since 2011
In 2011, carbon markets traded a total of €96 billion worth of pollution allowances and carbon credits. In 2012, the figure was €62 billion. In 2013, it fell to €38.4 billion. The price of EUAs (EU Allowances) has fallen from €18 in 2011 to €5.