A World Bank Group agency providing insurance, including political-risk coverage, in developing nations is being underutilized by 30 percent because of a lack of demand as the United Nations fights to protect the climate.
The carbon market has been damaged by three “whopping falsehoods” that slowed its growth and caused European lawmakers to question their belief in the system, said the retiring head of a carbon market lobby group.
A lawsuit by U.S. airlines arguing against inclusion in the European Union carbon market probably will stir tension at December climate talks, said Henry Derwent , the International Emissions Trading Association president.
The European Union should change its carbon-trading plan by introducing a mechanism to allow changing the bloc’s pollution cap to reflect economic conditions, the International Emissions Trading Association said.
Africa may be the next major market for carbon-reduction ventures amid investigations into Chinese certification and as the European Union imposes new regulations, the International Emissions Trading Association said.
The increased pace of carbon credits flowing from a United Nations-overseen market will be maintained as European Union officials seek improvements to the biggest program for emission offset credits, a senior UN regulator said.
Prices of carbon credits generated by developing countries may rise over 2010 as regulators review industrial gas projects and Chinese wind energy facilities, fueling speculation that supplies will slow.