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Mar 5, 2011

Nets win NBA’s regular season debut in Europe

LONDON (Reuters) – The New Jersey Nets took the honors in the NBA’s first regular season game staged in Europe by beating the Toronto Raptors 116-103 on Friday.

With the Raptors and Nets anchored near the bottom of the Eastern Conference the game will have little significance other than marking another milestone in the NBA’s expansion plans.

Mar 5, 2011

Nets win league’s regular season debut in Europe

LONDON, March 4 (Reuters) – The New Jersey Nets took
the honours in the NBA’s first regular season game staged
in Europe by beating the Toronto Raptors 116-103 on Friday.

With the Raptors and Nets anchored near the bottom of the
Eastern Conference the game will have little significance other
than marking another milestone in the NBA’s expansion plans.

Oct 5, 2010

Bryant scoreless as T-Wolves stun Lakers in London

LONDON (Reuters) – NBA star Kobe Bryant went scoreless on Monday night, playing only six minutes as his 2010 champion Los Angeles Lakers were defeated 111-92 by a younger, hungrier Minnesota Timberwolves in a pre-season match in London.

Minnesota’s Martell Webster came off the bench to lead all players with 24 points, while teammate Michael Beasley scored 21.

Oct 2, 2010

Lakers’ Bryant to make brief appearance in European matches

LONDON (Reuters) – Kobe Bryant will play for a few minutes in the Los Angeles Lakers’ two European pre-season games as he rests his knee following offseason surgery, Lakers head coach Phil Jackson said on Saturday.

Bryant’s 2010 NBA champion Lakers will take on the Minnesota Timberwolves in a sold-out game on Monday night at London’s O2 Arena, then play FC Barcelona in the Spanish city on October 7.

Aug 27, 2010

EU’s carbon offset limits: a boon for brokers?

LONDON (Reuters) – New European Union proposals to limit the use of industrial gas carbon offsets in its emissions trading scheme from 2013 could be a boon for reeling carbon brokers as exchanges wait for clarity before they alter their offerings.

EU climate chief Connie Hedegaard said on Wednesday she is considering post-2012 limits for the use of offsets, called Certified Emissions Reductions (CERs), in the wake of concerns over the environmental integrity of a United Nations carbon finance scheme.

Aug 27, 2010

Analysis: EU’s carbon offset limits: a boon for brokers?

LONDON (Reuters) – New European Union proposals to limit the use of industrial gas carbon offsets in its emissions trading scheme from 2013 could be a boon for reeling carbon brokers as exchanges wait for clarity before they alter their offerings.

EU climate chief Connie Hedegaard said on Wednesday she is considering post-2012 limits for the use of offsets, called Certified Emissions Reductions (CERs), in the wake of concerns over the environmental integrity of a United Nations carbon finance scheme.

Aug 25, 2010

EU sees limit on industrial projects in CO2 scheme

LONDON, Aug 25 (Reuters) – The European Union’s top climate
official proposed on Wednesday new limits on the use of carbon
offsets from industrial gas projects in the EU’s emissions
trading scheme after 2012.

“The Clean Development Mechanism (CDM) has been successful
in some aspects but has also given rise to criticism, e.g. with
regard to environmental integrity,” said Connie Hedegaard,
Commissioner for Climate Action, in a statement.

Aug 23, 2010

W.Bank defends controversial HFC carbon-cut plants

LONDON, Aug 23 (Reuters) – The World Bank has defended its
investment in chemical plants accused by green groups of raising
production of greenhouse gas HFC-23 with the aim of incinerating
it to get extra carbon offsets worth millions of dollars.
Approved under the Kyoto Protocol’s $2.7 billion Clean
Development Mechanism (CDM) scheme, 19 plants mainly in China
and India are issued offsets by the UN for incinerating the
refrigerant waste gas called hydrofluorocarbon-23.

But environmental groups including Germany’s CDM Watch have
accused some of the plants, in which the World Bank is an
investor, of intentionally boosting refrigerant gas production
just collect more offsets by destroying it.

Aug 23, 2010

Divisive HFC carbon-cut plants gain W.Bank support

LONDON (Reuters) – The World Bank has voiced support for chemical plants that destroy a potent greenhouse gas called HFC-23, which green groups have accused of increasing production to get extra carbon offsets worth millions of dollars.

Approved under the Kyoto Protocol’s $2.7 billion Clean Development Mechanism (CDM) scheme, the 19 plants, mainly in China and India, receive offsets from the UN for incinerating a refrigerant waste gas called hydrofluorocarbon-23.

Aug 11, 2010

ICE cuts staff at Chicago Climate Exchange-sources

LONDON, Aug 11 (Reuters) – Market operator Intercontinental
Exchange Inc. (ICE.N: Quote, Profile, Research, Stock Buzz) is laying off staff at newly acquired U.S.
environmental bourse the Chicago Climate Exchange (CCX),
industry sources told Reuters, citing a lack of U.S. action on
climate change.

They said the first round of layoffs began on July 23 and,
although the total number of jobs to be cut was unknown, one
said around 25 employees, or roughly half CCX’s headcount at the
time of ICE’s acquisition, had already been or were being let
go.

    • About Michael

      "Michael Szabo is an environmental markets correspondent based in London, UK. His focus is on carbon emissions trading, but also looks at renewable energy and climate change policy and science. He also manages the Global Carbon Forum."
      Joined Reuters:
      June 2005
      Languages:
      English, French
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