In 2019, the illegal wildlife trade reached staggering levels. Pangolin scales and ivory were being trafficked in massive quantities from Africa to Asia, exposing a network of crime syndicates operating at an industrial scale. The sheer volume of these shipments marked a disturbing milestone, one that revealed the global reach …
Green champion’s push to funnel car emissions into the emissions trading system seen as attempt to bend rules. A Danish bid to expand carbon offsetting to the transport sector has triggered uproar among NGOs and academics, with one new analysis saying it would devastate efforts to reign in fuel emissions. …
Europe’s surplus of carbon permits may more than double by 2020, threatening to render the world’s biggest emissions trading system irrelevant for the foreseeable future, according to environmental lobby group Sandbag. The glut of allowances in the European Union carbon market, the bloc’s key policy tool to reduce greenhouse gas …
IKEA Group, the world's biggest furniture retailer, may introduce an internal carbon emissions price to help its drive to protect the environment and create a "new and better" company, chief executive Peter Agnefjall said. IKEA, seen as global trend-setter among retailers on green issues, is also on target to invest …
DUSSELDORF, Oct 13 (Reuters) - The head of Germany's biggest utility, E.ON, said on Monday an EU package of 2030 targets for tackling climate change looks likely to bring deep carbon emissions cuts and early reforms to the bloc's Emissions Trading System. Leaders of the 28 EU countries meet on …
Since 2008, Europe’s carbon market has shown symptoms of terminal decline. Rock bottom prices for allowances have given industry little incentive to diversify away from fossil fuels. But traders believe market sentiment is poised for a boost in the coming weeks, expecting signals from Brussels that EU leaders will try …
MEPs last night (8 October) approved Miguel Arias Cañete as the new EU Energy and Climate Commissioner, despite widespread concern from environmental groups about his background as an 'oil baron' and a petition signed by nearly 600,000 European citizens against his appointment. Cañete was approved by a wide margin, with …
European Union governments are considering the use of carbon-permit funds to help finance clean technologies and spur poorer nations toward a low-carbon economy under a planned deal on 2030 climate and energy policies. The bloc’s 28 countries may renew a special carbon-permit reserve -- which yielded 2.2 billion euros ($2.8 …
California, operator of the nation’s biggest carbon market, plans to revoke offset credits issued to EOS Climate Inc. and Environmental Credit Corp. for ozone-depleting substances destroyed at a plant in violation of its federal permit. The companies operated projects that delivered refrigerants, proven to destroy the earth’s ozone layer, to …
An Australian senator released on Wednesday a proposal to penalise companies failing to meet carbon emission targets and give firms access to the international carbon market, in a move to try and break a deadlock in the country's climate policy. Australia's conservative Liberal party government in July repealed a tax …
At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. More than 1,000 companies pledged their support for the effort. …
Carbon dioxide emissions from Beijing's major polluters fell 4.5 percent in 2013 as a nascent emissions trading scheme cut compliance costs for firms, the Chinese capital's municipal government said on Monday. Beijing is one of seven cities and provinces in China that have launched pilot emissions trading schemes ahead of …
Obama administration officials said their signature effort to combat climate change will make only a modest dent in global greenhouse-gas emissions even as they called it an important first step. With Republicans such as Representative Lamar Smith blasting a proposal from the U.S. Environmental Protection Agency to curb emissions from …
European lawmakers will vote next week on whether to force Brussels officials to rethink giving billions of euros worth of carbon allowances away for free to heavy industries, after a senior Green member lodged an objection. The European Commission, the EU's executive, in May proposed that the vast majority of …
Carbon emissions are priced in by many companies, including 22 major listed Australian firms. An increasing number of big corporations expect governments worldwide to put a price on carbon dioxide emissions to help tackle climate change and some are already factoring in the cost to guide future investment decisions, a …
Heavily-polluting industries are in line for a €5bn (£4bn) handout from Europe’s taxpayers because of the way the EU is measuring their exposure to unregulated competitors outside the bloc, according to an unpublished report prepared for the European commission. Steel-making, cement and power plants have their greenhouse gas emissions capped …
An increasing number of big corporations expect governments worldwide to put a price on carbon dioxide emissions to help tackle climate change and some are already factoring in the cost to guide future investment decisions, a report found on Monday. Some 150 large listed companies - including 29 in the …
Based on data gathered by CDP from corporations in response to its annual request for information on the business implications of climate change, the report finds that large public companies are already advanced in their use of carbon pricing and are ahead of their governments in planning for climate change …
The World Bank seeks to expand a plan to buy emission credits from projects including those that capture heat-trapping gas at garbage dumps, underpinning demand in the carbon markets for the first time in nine years. The proposal would initially use options to help spur about $100 million in government …
U.K. lawmaker Ian Swales has already watched one steel plant close in his district, and he never wants to see it again. It felt like a funeral, he said, when plunging demand led the Redcar blast furnace in northern England to shut its doors in 2010. The memory has Swales …
U.K. lawmaker Ian Swales has already watched one steel plant close in his district, and he never wants to see it again. It felt like a funeral, he said, when plunging demand led the Redcar blast furnace in northern England to shut its doors in 2010. The memory has Swales …
