U.K. Boosts Gas While Cutting Support for Wind, Biomass - Bloomberg

The U.K. government granted tax relief for natural gas drilling and cut subsidies for renewable energy, signaling more reductions in the months ahead as it balances demands for cheaper electricity against a goal to lower pollution from fossil fuels.

BMW Bets Mouse Click to Win $48,500 Electric Model Buyers - Bloomberg

To make its electric vehicles more attractive, Stuttgart, Germany-based Daimler’s Smart brand offers to lease the battery separately from the car.

Kansai Electric's carbon emissions grew 40 pct in 2011-12 | Reuters

TOKYO, July 24 (Reuters) - Kansai Electric Power Co.'s carbon dioxide emissions surged by 40 percent in the year ending March 2012 from a year earlier as utilities burnt more fossil fuels due to Japan's nuclear shutdown, the power company said on Tuesday.
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As a result of emitting more CO2, Kansai offset 16 percent more of its emissions with U.N.-backed carbon permits, using 5.25 million tonnes of such credits.

Govt Abandons NZ Carbon Market- Will Europe Save the Day? | Scoop News

The New Zealand Government’s recent decision not to restrict the use of international carbon credits in the NZ Emissions Trading Scheme means the local NZ carbon market is likely to stay subdued for years to come.

Due to oversupply the international carbon price has plummeted over 70% in the last 12 months, and because these units are eligible to be used in the NZ Emissions Trading Scheme, the NZ domestic unit price has followed the fall.

Qantas signs 5-year deal on carbon offsets | Reuters

(Reuters Point Carbon) - Australian airline Qantas has signed a deal to buy up to 1.5 million offset credits over five years to meet part of its liabilities under Australia's carbon pricing scheme and offer voluntary offsets to passengers.

The offsets will be generated from managing Henbury Station, a 500,000 acre natural landscape in the Northern Territory, in which owners R.M. Williams hope to store up to 1.5 million tonnes of carbon dioxide equivalent per year.