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 …
The goal of a global carbon market to tackle climate change, once touted to reach $2 trillion by 2020, received a major setback when Australia on Thursday scrapped its planned carbon trading scheme, which would have been the world's third biggest. Australia’s Emissions Trading Scheme (ETS) was to have started …
Australia cut carbon dioxide emissions from its electricity sector by as much as 17 million tonnes because of the carbon price and would have curbed more had industry expected the price to be permanent, according to an Australian National University study. The report, due to be submitted for peer-reviewed publication, …
Britain wants deeper reforms to the EU Emissions Trading System (ETS) than those proposed by the European Commission and Germany, favoring cancelling hundreds of millions of carbon permits over launching a tool to regulate market supply. In a report detailing its vision for the 2021-2030 ETS phase, Britain said major …
The Australian Senate voted on Thursday to scrap the country's carbon tax and plans for emissions trading, a major victory for conservative Prime Minister Tony Abbott that leaves uncertainty about how the country will meet its carbon reduction goals. Australia is one of the world's biggest carbon emitters on a …
Switzerland threatened on Monday to raise its tax on greenhouse gas emissions from the energy sector by 40 per cent if companies regulated by the country's emissions trading system do not meet government-imposed targets this year. The Swiss environment ministry said the tax would jump to 84 francs ($94.25) per …
Cooling towers emit vapor into the night sky at a nuclear power plant in Grohnde, Germany. European pollution permit prices are poised to rise as lawmakers work on a proposal to permanently cut a record supply in their system. Carbon allowances will climb 28 percent to 7.50 euros ($10.21) a …
A move by the European Union to impose duties on carbon-intensive imports would scupper the chances of striking a global agreement to tackle climate change next year, the bloc's top climate official said on Thursday. European leaders have agreed to decide by October whether to set a 2030 goal to …
Donations of U.N.-backed carbon credits to help reduce the carbon footprint of the World Cup in Brazil have surpassed the half million mark, the local government said on Thursday. Brazilian companies or local branches of multinationals so far donated 545,500 certified emissions reductions (CERs) in response to a campaign that, …
China's Tianjin has extended the deadline for its biggest carbon producers to comply with the city's emissions trading scheme a second time, giving companies two more weeks to hand over permits to the government. The delay is the latest in a string of hiccups as governments and company officials in …
The European Union should overhaul its emissions program to ensure it encourages investment in clean energy without recurrent market intervention, according to the chair of the industry committee in the EU Parliament. Jerzy Buzek, who was elected yesterday to head the panel for 2 1/2 years, said the EU emissions-trading …
This interim 2014 report by the Deep Decarbonization Pathway Project (DDPP) summarizes preliminary findings of the pathways developed by the DDPP Country Research Teams with the objective of achieving emission reductions consistent with limiting global warming to less than 2°C. The DDPP is a knowledge network comprising 15 Country Research …
Tony Abbott’s plan to axe the carbon price this week has come in for some withering criticism from his own side of politics, with a former head of the UK’s Conservative Party declaring it to be an “appalling” move that “recklessly” endangers the future. Lord Deben, who served in Prime …
Environment minister says it would be untenable to repeal carbon pricing and not implement Coalition's direct action plan Australia must not be left without an emissions reduction policy, the environment minister says, as the government prepares to bring forward the carbon pricing repeal debate when the new Senate sits for …
Supporters of emissions trading are making a last-ditch plea to the Senate not to repeal Australia’s laws – citing new analysis that shows “axing the tax” will cost the budget almost $20bn over the next four years and a letter from 59 leading economists insisting a carbon price is the …
Environment minister rejects Ross Garnaut’s call to preserve ETS with floating price and allow use of international credits The Abbott government is continuing to resist entreaties to keep some of Labor’s carbon pricing architecture, with the environment minister, Greg Hunt, declaring repeal will more than likely proceed after the new …
A California Democrat on Thursday introduced a bill he believes will keep gasoline prices down by delaying the expansion of the state's carbon cap-and-trade program, a move that has angered environmentalists. Assemblymember Henry Perea said a three-year delay is needed to ensure that the state does not raise billions of …
Australia, this year's G20 chair, sees little consensus among the Group of 20 leading economies to take major new steps on climate change, senior official Heather Smith said on Wednesday. Smith, the personal representative or G20 sherpa of Australian Prime Minister Tony Abbott, is helping shape the agenda for November's …
European Union carbon permits had the biggest quarterly gain in six years as lawmakers consider permanent measures to curb a surplus that helped push prices to a record low. December allowances climbed 25 per cent since March 31, the most for a quarter since June 2008, according to data from …
As European leaders wrangle over energy and climate goals for 2030, Brussels officials are already pushing through a bill that effectively locks in deeper greenhouse gas cuts while potentially pushing up power bills for households and heavy industries. European Union leaders are in talks over whether to set a 40 …
The Australian Government is bringing forward the start of emissions trading to 1 July 2014. This change will establish binding annual limits (pollution caps) on Australian industry's greenhouse gas emissions from 1 July 2014 onward. This will ensure that Australia meets its international emissions reduction targets under the second commitment …
