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EU Takes First Step to Increase the Price of Carbon Emissions Allowances
Members of the European Parliament’s (MEP) industry committee this week voted for a proposal to withhold emissions trading scheme (ETS) carbon permits from industry in order to push up the market price of those permits for the next stage of the ETS from 2013-to-2020. It is the first step in a legal...

Solvay Predicted to be Most Exposed Financially to EU Emissions Trading
Solvay is set to have the greatest exposure of more than a dozen leading chemical companies in the next phase of the European Union’s (EU) Emissions Trading Scheme (ETS)-- due to be introduced in 2013 --through to 2020, according to a report by ENDS Carbon for the Carbon Disclosure Project (CDP...

Eastman Chemical Broadens Definition of Sustainability
Eastman Chemical, like many companies in the chemical industry, considers the development of sustainably advantaged products a major growth opportunity, and improvement of environmental impact a source of cost control. What sets Eastman apart is that it considers sustainable operations its responsibility to...

Energy, Carbon Costs Will Undermine U.K. Chemical Industry
The U.K. government’s plans for a number of carbon emission taxes on industry, including a planned carbon price floor, if introduced, would have a serious impact on the competitiveness of the U.K. chemical industry, says Steve Elliott, CEO at the Chemical Industries Association (London). Elliott made...

Australia's Chemical Industry to be Hurt by Carbon Tax (update)
(update with comment from Moody's)   Julia Gillard, Australia’s prime minister, disclosed plans over the weekend to tax the country’s 500 largest emitters of carbon dioxide (CO2), including chemical and plastics producers, to the tune of A$23 ($25)/m.t. of CO2. The proposed system would...

Electric Growth Projection for Fuel Cells
The market for materials used in proton exchange membranes (PEM) and membrane electrode assemblies (MEA) is set to grow at a compound annual growth rate (CAGR) of 20.6% to $977 million in 2015, up from $383 million in 2010, according to a report by BCC Research (Wellesley, MA). The global PEMFC MEA market is...

Emissions Trading to Resume in Five EU Markets
The European Commission has authorized the resumption of spot emissions trading from today in France, Germany, the Netherlands, Slovakia, and the U.K. after those countries' national emission registries gave the commission "reasonable assurances that the minimum security requirements are in place."...

Dow Chemical: Why the International Year of Chemistry is Key (video interview)
Jerome A. Peribere, Dow Chemical's president and CEO of Advanced Materials and exeutive v.p. of the group, in the first video below gives an interview with CW's Alex Scott explaining why the United Nations International Year of Chemistry is so important. Peribere argues that recognition of the potential...

Europe to Ban Carbon Credits Based on the Destruction of HFC-23 and N2O
European Union (EU) member states have voted to ban from the EU's Emissions Trading Scheme (ETS) carbon credits gained by destroying the greenhouse gases hydrofluorocarbon-23 (HFC-23) and nitrous oxide (N2O). The ban will come into force in April 2013 if it receives approval from the European Parliament...

EU Suspends Emissions Trading After up to $38 Million is Stolen
In an unprecedented move, the European Commission has suspended all spot trading for the European Union’s (EU) Emissions Trading Scheme (ETS) following a series of major cyber-theft incidents totalling up to €28 million ($38 million).   The spate of cyber thefts has taken place in up to five...












 
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