Category Archives: News

7 January 2013 – European Carbon Permits Climb Most in a Month After Auction – Bloomberg

Some emitters may be buying to cover shortages, Daniel Rossetto, managing director of Climate Mundial Ltd., a London- based consulting company that works in carbon markets, said today by e-mail. Unlike the previous four years, factories and power stations can’t use allowances distributed this year for compliance against 2012 emissions, Rossetto said. “Installations will not be allowed to borrow from 2013 allocations,” he said. The third phase of the market runs from this year through 2020. After the turn of the year, facilities will probably be getting a clear idea of their 2012 needs, he said.

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3 January 2013 – Carbon Market Value Dropped 36% in 2012 as Permits Declined – Bloomberg

The backloading plan probably won’t be agreed by EU nations because it will be seen as a regulatory intervention that reduces investor confidence in the market, Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets, said today by e-mail. That will delay a price rebound, he said.

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17 December 2012 – EU May Not Ban ERU Credits Before April 30

According to Daniel Rossetto, Climate Mundial managing director, the price plunge today of Emission Reduction Units for December delivery to record 12 euro cents a ton is a perverse reaction to new rules proposed by the European commission. In an interview with Bloomberg News, Rossetto went onto say: “As we have seen on many occasions relating to regulatory proposals on the emissions-trading system, the commission’s positions are often challenged legitimately and then need to be revised”.

For further details of the interview, please contact us.

11 December 2012 – South Africa Says U.S. Should Adopt Carbon Budget by 2020 – Bloomberg

“The idea of a carbon budget is feasible in the U.S. if it is linked to tax reform and is budget neutral,” Daniel Rossetto , managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets and a former JPMorgan Chase & Co. (JPM) executive. “Just putting a price on carbon will be viewed as a new tax and this will not be popular.” Like in Australia, the U.S. should use new revenues collected by government through a carbon program to fund cuts in other existing taxes on businesses and families, Rossetto said.“Then we have an affordable and politically acceptable opportunity for the U.S.,” he said.

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10 December 2012 – Doha Carbon Market Decisions May Not Impact Prices, Mundial Says – Bloomberg

Supply, demand and price of EU allowances, United Nations Certified Emission Reductions and UN Emission Reduction Units may not be immediately impacted by Doha climate decisions, says Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets. He was speaking yesterday in an e- mailed response to questions.

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5 December 2012 – UN Envoys Not Held to Account as Climate Changes, Mundial Says – Bloomberg

Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets, comments on the pace of United Nations climate-protection talks. Negotiations are taking place this week in Doha, the Qatari capital.

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4 December 2012 – Carbon Permits Fall to Record as EU Discusses Plan to Fix Glut – Bloomberg

“The carbon market is very concerned about the lack of credible signals about demand for emissions units coming out of the policy and regulatory institutions” for the period through 2020 and beyond, Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets, said today in an emailed response to questions. “That’s why EU allowances are at record lows.”

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3 December 2012 – Free Carbon May Chop Renewable Costs, EON’s Schaefer Says – Bloomberg

The EU is now considering changes to its carbon market to fix a glut of emission permits, which will be one of its few chances to mend the program and show it can help stimulate economic recovery, said Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets.

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30 November 2012 – EU Carbon Drops to Record After Nations Delay Vote to Curb Glut – Bloomberg

“The low price levels are a sell off in the face of deep disappointment from within the market at the European Commission’s failure to deal quickly and decisively with the surplus issue,” said Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets. “The market will need to hang out for quite a while longer before it gets the bullish news it’s looking for,” he said today in an e-mailed response to questions.

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