I Googled "Carbon Trading." Eyeonmiami was listed in Google. I did find a St. Pete Times Blog article about MIAMI Carbon Trading.The blog said:
"The global market in carbon trading was $30 billion last year - and is growing rapidly. The price per ton of carbon for December 2008 has stabilized, recently trading around $34." Further (from the blog):
"Under the so-called 'cap-and-trade system', governments set a limit each year on how much carbon dioxide there sould be in the atmosphere. A sliding scale set reduction targets over time. Companies are set allowances for their carbon emissions. If a company manages to emit less than its allowance (by investing in emissions reduction technology or improving efficiency) it can sell left-over credits to others who are failing to meet their allowance. i.e. a dirty coal-burning power plant can offset its carbon emissions by buying credits in a company cleaning up emissions from municipal waste dumps."
Herald, this conference held Thursday and Friday was in Coral Gables not St. Pete. I guess It is one of three things: We can expect a giant article tomorrow, it is more of that anemic reporting or I missed the Miami Herald article and so did Google. (see post below and hit read more to see some of Harry Emilio Gottlieb's contribution to humor on the subject.)
(Hit image to enlarge)
8 comments:
http://www.iht.com/articles/2007/06/20/business/money.php
Three years later, the situation has turned around entirely, and carbon experts like Redshaw, 34, are among the rising stars in the City of London financial district. Managing emissions is one of the fastest-growing segments in financial services, and companies are scrambling for talent.
Their goal: a slice of a market now worth about $30 billion, but which could grow to $1 trillion within a decade.
McClatchy, asleep at the wheel.
The St. Pete Times has done quite a few stories about alternative energy and efforts in Florida to tap into the clean tech sector.
The author of the story is also from the UK and has a great blog within the St. Pete Times on alternative fuel issues.
Doesn't excuse McClatchy from ignoring news in their own back yard, but at least we can applaud one paper in Florida. Non-corporate isn't it?
I would guess that FPL has an interest in the sale and the Herald is afraid to upset an advertiser. I think it is time I canceled my subscription after 4 decades.
FYI - I was there...FPL reps at the conference were advocating for a national carbon tax, not cap and trade.
Wall Street Journal January 18th
The Herald missed the boat:
Hot Carbon Market Signals New Interest
By Leila Abboud
Word Count: 447
Trading of carbon-emission permits almost doubled in value last year to €40.3 billion ($59.1 billion), according to a new report, signaling rising interest in a market formed under the Kyoto Protocol to fight climate change.
The market saw permits representing 2.7 billion metric tons traded last year, according to Point Carbon, a market-research firm based in Oslo.
In 2006, permits representing 1.63 billion tons changed hands for a total value of €22.45 billion, the firm said. Point Carbon provides information and consulting services to energy companies, investment banks and others.
The Miami Herald editors should be tarred and feathered in the town square, for missing this story.
Ah.
The editors are in India. They have no idea where Coral Gables is on the map.
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