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 …
With less than two weeks to go, the Environmental Protection Agency is readying a climate rule for existing power plants that requires steep carbon reductions while allowing states and companies broad flexibility in how they limit their overall greenhouse gas emissions. While key aspects of the proposal are still under …
Portraying California as the front line of climate change, Gov. Jerry Brown said Monday that the effects of man-made global warming were devastating the state, drawing a direct link between climate change and both the record-setting drought that has left the state parched and the early-season wildfires that broke out …
European Union carbon permits fell the most in almost three weeks in London after the market regulator said yesterday a surplus of the emission allowances expanded last year. Permits for December dropped 6.8 percent, the most since April 25, to 4.81 euros ($6.60) a metric ton at 4:40 p.m. in …
Australian landfills, set to make total windfall profits of up to A$200 million ($187 million), if the country's carbon tax is repealed have proposed using some of the revenue to buy millions of U.N.-issued carbon credits, the Sydney Morning Herald reported Monday. Landfills have for the past two years been …
CGN Wind Energy Ltd. plans to introduce China’s first structured notes linked to the price of carbon offsets in a move that may increase participation in the country’s fledgling emissions-trading market. The Beijing-based company plans to sell 1 billion yuan ($161 million) of five-year notes on May 8, according to …
The European Union’s regulator proposed expanding the list of industries in its emissions market that should be protected from relocating to regions without greenhouse-gas curbs. The reviewed measure, which would cover a total of 175 industries from 2015 to 2019, includes sectors such as production of dietetic food. The European …
China is developing plans to expand its pilot carbon trading schemes into more of its key industrial regions, a top climate official said, as the country continues its drive to curb emissions. China, the world's biggest emitter of climate-changing gases, has over the past 10 months launched pilot carbon markets …
Hydropower is back in the spotlight. Many large dams are now being built after a lull at the end of the last century. And some are being built in the name of climate change mitigation and adaptation. New sources of finance – from China and private banks internationally – and …
During the first Kyoto commitment period, the Clean Development Mechanism (CDM) emerged to be a global standard for the global carbon market. Linking developing and industrialized countries in an international cooperation mechanism, it provided a governance and accounting framework for emission reduction efforts around the world. Not without its own …
The European Union can set its 2030 carbon goals as soon as October if the region’s governments agree to ease the cost for poorer countries to implement the policies, according to Poland’s climate negotiator. The 28-nation bloc needs a “coherent” environment strategy for the next decade while ensuring its industry …
Australia's government might fail to get the necessary backing for its planned A$1.55 billion ($1.45 billion) fund to pay big emitters to cut pollution, after a Senate minority party on Monday said it would vote against the plan. Mining billionaire Clive Palmer, whose Palmer United Party (PUP) will control the …
The European Commission will hold three meetings this summer on how to ensure the bloc's industries can compete in global markets while meeting goals to cut greenhouse gas emissions, it said on Wednesday. The meetings aim to gather views on rules determining if companies can continue to receive free carbon …
The European Parliament on Thursday voted to exempt international flights from paying for their carbon emissions following intense pressure from national governments not to extend current rules beyond domestic air travel. On Thursday the European Parliament voted by 458 votes to 120 to back a proposal which would limit the …
China’s central province of Hubei began trading permits on the nation’s second-largest emission exchange at some of the country’s lowest prices. The province sold 510,000 metric tons of carbon allowances at 21 yuan ($3.4) each on the first day of trading on the China Hubei Emission Exchange, according to an …
Britain's greenhouse gas emissions fell 1.9 percent in 2013 due to a decline in fossil-fuel power generation, preliminary government data showed on Thursday. Output of the heat-trapping gases in Europe's second-largest emitter dipped to 569.9 million metric tons compared to 581.1 million metric tons in 2012, data from the Department …
China plans to launch a nationwide market to trade pollution permits within three years as part of efforts to tackle its environmental crisis, the Ministry of Finance (MOF) said on Monday. The ministries of finance and environmental protection have submitted draft guidelines for a market to the State Council, China's …
Nations setting up carbon markets must standardize their emission-reduction benchmarks to ensure international efforts to limit global warming stay on track, according to Switzerland’s climate envoy. At least 30 of 200 countries meeting at talks this week in Bonn are developing carbon trading systems to help meet emissions targets under …
This working paper explores the question of target “time frame” and its implications for the generation and use of tradable emissions units. Under United Nations Framework Convention on Climate Change (UNFCCC) agreements, some countries have adopted continuous or multiple-year emissions targets, while others have taken on discontinuous or single-year targets, …
The Warsaw Framework on REDD+ adopted by Parties to the UNFCCC in November 2013 paves the way for payments to flow to developing countries for carbon emissions reductions from forests. The new framework encourages countries to set up a national entity or designated focal point for REDD+, which will be …
Around the world, policymakers are facing the challenge of finding the most efficient systems to limit global warming pollution. Nations, states, provinces and cities are increasingly using efficient, market-based emissions trading programs as a way to cut carbon, forming a world of “bottom-up” climate actions. In fact, 10 percent of …
