Cement News tagged under: Carbon credits

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European Parliament to vote on removing cement sector ETS exemption

08 February 2017, Published under Cement News

On February 15 the European Parliament will vote on a report from its environment committee on the reform of the EU's emissions trading scheme (ETS). Among the recommendations in the report is the suggestion that the practice of allocating permits to the cement sector covering all of its emission be stopped. According to reports in the Parliament Magazine, MEPs have been subjected to ‘intense’ lobbying from the cement industry. "The lobbying has been intense with representatives from t...

China: Hubei ETS compliance deadline postponed

13 July 2015, Published under Cement News

Chinese cement firms under Hubei's carbon market will be forced to spend millions of yuan to meet targets as authorities rejected pleas for leniency, but they now have more time to do so after the postponement of Friday's deadline, Reuters reports citing traders. Initially the 138 companies covered by the Hubei scheme, a third of which are cement firms, were supposed to hand over permits by 31 May 2015. The deadline was extended to 10 July, but 27 companies had still not got enough permits ...

China: new Guangdong carbon market sees lively trade

20 December 2013, Published under Cement News

The largest carbon market in China began yesterday with cement firms eager to take part in early deals. Anhui Hailuo bought 20,000 carbon permits from the new energy arm of power producer Huadian Energy Co. Debut trading on the China Emissions Exchange in Guangzhou went through in line with market expectations at CNY61 (US$10.04). Early trade on the Guangzhou market surpassed full-day totals during the launches of the country’s three other carbon exchanges. There were a total of 120,000 p...

CEMBUREAU: competitiveness and legal predictability are key to EU carbon market

15 November 2012, Published under Cement News

CEMBUREAU, the European cement association, said it will further reflect and analyse the European Commission’s report on the state of the European carbon market in 2012 so it can help to ensure that the cement industry can continue to plan long-term investment in Europe, within a stable, consistent and predictable legal environment. The European Commission is taking two key steps to address a growing demand-supply imbalance in the EU emissions trading system (EU ETS). It proposes to delay...

First EU ETS report expected in June as carbon prices fall

08 May 2012, Published under Cement News

EU CO2 allowance (EUA) prices could fall below €5/t if the EU cannot agree on the set-aside proposal, according to Deutsche Bank analysts.  At the start of the month, prices fell to €6.14, with Members of the European Parliament calling for the EU to intervene and reduce the supply of carbon allowances. In addition, EU Energy Commissioner Gunther Oettinger announced that the European Commission needs to prepare a proposal to encourage investment and drive EUA prices up.  On 19 April, t...

Pakistan: DG Khan Cement receives UN carbon credits

15 February 2012, Published under Cement News

DG Khan Cement Company is to receive CO2 credits from the UN for setting up its new waste heat recovery project.  “The Waste Heat Recovery Project of the company situated at Dera Ghazi Khan, generating 10.4MW of electricity has been successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit,” said DG Khan Cement. The Pakistani cement producer stated that the project was expected to generate 33,845t of CO2 equivalent per annum for a cr...