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News - Asia Pacific

08 Feb 12 10:43
S.Korea CO2 scheme passes hurdle, awaits parliament vote

Plans for an emissions trading scheme in South Korea passed a major hurdle on Wednesday after a multi-party committee approved laws governing the programme that could be passed by parliament as early as next week.

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07 Feb 12 12:13
China says to defend against EU emissions plan

China threatened on Tuesday to take unspecified measures to defend itself against a European Union airline emissions fee scheme, a day after China banned its airlines from joining the program without its permission.

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07 Feb 12 11:17
Chinese media round on EU aviation plan

China’s state-owned English language newspapers on Tuesday labelled an EU law to regulate the emissions from all airlines visiting the EU as "hypocritical", a "rip-off" and a form of "colonisation".

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06 Feb 12 19:17
Opponents of EU airline CO2 scheme to meet in Moscow

A group of 26 countries vehemently opposed to the EU aviation emissions trading scheme will meet in Moscow on Feb. 21 to discuss a plan of action, EU and Indian sources told Reuters on Monday.

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06 Feb 12 19:17
ANALYSIS: China airline threats put EU in tight corner

Government threats to prevent China’s airlines from complying with EU emissions caps may be seen by some as mere sabre-rattling, but they could yet leave the EU with a choice to undermine its emissions trading scheme or risk a bitter trade war with the world’s biggest economies.

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06 Feb 12 16:34
Australian floor price rules to dictate CER demand: lawyer

Australian demand for U.N. carbon credits will be difficult to assess by investors until the government rules on how to introduce a price floor in its emissions trading scheme, a lawyer said Monday.

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06 Feb 12 16:04
China bans airlines from joining EU emissions scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.

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06 Feb 12 09:38
Australia eyes first CO2 auction in early 2014

Australia is likely to hold its first CO2 permit auction in 2014 as the government looks to provide early liquidity in its emissions trading scheme, according to a government document.

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03 Feb 12 18:08
Australia unlikely to ban Chinese, Indian CERs: industry body

Strong trading ties with Asia’s biggest emitters make it unlikely Australia will ban its companies from using offsets from China and India to meet domestic CO2 caps, an official with Australia’s Carbon Market Institute said Friday.

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03 Feb 12 13:34
INTERVIEW: India, EU try to break logjam over airline carbon tax

The European Union (EU) is willing to consider whether India's efforts to reduce carbon emissions could qualify for waivers under an EU law that charges airlines for polluting, the 27-nation bloc's climate chief said on Friday.

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03 Feb 12 10:10
China's govt to punish provinces that miss energy targets

Chinese provinces that fail to meet federal goals to cut energy consumption will be banned from building energy intensive projects, such as steel and cement plants, as the country strives to meet efficiency targets, state-owned media reported Friday.

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03 Feb 12 05:47
Ministry asks NZ govt to curb U.N. offset use in ETS

New Zealand’s Ministry of Environment has told the government it should limit access to international offset credits and focus less on Kyoto Protocol mechanisms, in a bid to restrict offshore cash flows and stimulate domestic emission cuts.

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02 Feb 12 10:04
Qantas to raise fares on oil cost, EU carbon pricing

Australia's Qantas Airways said on Thursday it will raise its fuel surcharge on international fares and increase domestic fares due to higher fuel costs and the European union's carbon pricing scheme.

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02 Feb 12 09:49
NZ carbon rises 2 pct to hit 6-week high

Spot permits in New Zealand’s carbon market rose 2 percent over the week to close at NZ$7.65 Thursday amid stronger European CO2 prices.

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01 Feb 12 18:34
INTERVIEW: Disaster, not policy, likelier carbon price boost

A shock event which irreversibly alters climate is more likely to force a sustained rise in carbon prices to levels high enough to spur clean technology investment than the prospect of concerted government action, said a corporate finance manager.

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