Category Archives: Emissions Trading

News: American Carbon Market Seen as Winner With China Accord

“A China-U.S. climate deal that involves the former committing to capping emissions is a breakthrough,” Daniel Rossetto, managing director of Climate Mundial Ltd. in London, which provides advice on emissions trading, said by e-mail. “Opponents to cap and trade in the U.S. have always been safe in quoting inaction by China as a reason for blocking cap and trade. If China follows through on today’s commitment, that pre-condition no longer holds.”

Click here to read the full article on Bloomberg.

Event: FIFA World Cup 2014 Football Without a Carbon Footprint

Climate Mundial’s Daniel Rossetto was a keynote speaker at today’s “Football Without a Carbon Footprint” workshop held at the Brazilian Embassy in London. At the event, Brazilian environment ministry director and member of the CDM Executive Board oultined the successful offsetting of more than half a million tonnes of CO2 emissions at the FIFA World Cup held in Brazil in June 2014. Click here to visit the Brazilian Embassy’s press release about the event.

EU Permits Rebound After Biggest Drop for 10 Months

Speaking today with Bloomberg News, Climate Mundial managing director had the following to say about the recent softening in demand for EU carbon permits after the initial rally in response to the approval of backloading:

“Reasoned caution has begun to catch up with the somewhat euphoric reaction to backloading. Caution comes because the commission’s 2030 package is theset of reforms that can make a difference to fundamentals and it is quite clear this will still face some political obstacles before it can be passed.”

Contact us for full details of the interview.

EU Carbon May Advance as EU Nations Consider Tightening Limits – Bloomberg

European Union carbon permits may advance in the next five months as 37 nations in the Kyoto Protocol consider tightening emission limits before 2020, according to Climate Mundial Ltd. in London. Each industrialized country in the climate-protection agreement needs to provide United Nations officials by April 30 “information relating to its intention to increase the ambition of its commitment,” according to a decision agreed a year ago in Doha, Qatar. Kyoto’s second-commitment period, which runs from this year, sets nations’ emission limits until 2020 when a new treaty is set to start.

Click here to read the full article.

6 November 2013 – Global Climate Deal Should Include Emissions Budget, CMIA Says (Bloomberg)

There is scant evidence nations are drawing up more ambitious national budgets to include in the 2015 deal, said Daniel Rossetto, managing director of Climate Mundial Ltd in an interview with Bloomberg News. “The absence of prior national approval of carbon budgets and the failure of developed nations to come good on their Copenhagen climate finance pledges are the most important barriers to getting carbon budgets in the deal,” he said today.

To read the full article, please click here.

8 October 2013 – EU Can Keep Airline Carbon Plan Using UN Credits, IETA Says (Bloomberg)

“If the EU can correct some of the shortcomings in its emissions trading system design, there is scope to find agreement” with its trading partners on keeping some international flights, Daniel Rossetto, the managing director of Climate Mundial Ltd. in London, said in an Oct. 4 phone interview with Bloomberg’s Mathew Carr. There’s a “better-than-even” chance the bloc is willing to forgo charging for emissions outside its airspace, he said.

To read the full article, click here.

20 September 2013 – France Revives Push for Carbon Tax on Energy-Intensive Imports (Bloomberg)

Bloomberg News reported today:

French President Francois Hollande said Europe should consider introducing a carbon tax on imported goods from regions without climate protection policies, reviving an idea mooted more than three years ago.

Hollande’s move to protect industry may be sound, Daniel Rossetto, managing director of Climate Mundial Ltd. in London, said today by telephone. “But as we’ve seen with aviation, it can get hostile and lead to threats to export markets,” he said.

To read the full article, click here.