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 …
Europe needs to adopt clearer policies on energy to encourage investors, says a House of Lords report Investment totalling a trillion euros (£846bn) is required before the end of this decade if the European Union is to stave off an energy crisis. That is the conclusion of an eight-month inquiry …
After the vote to prop up the carbon market failed, prices dropped 40% to €2.63 a tonne European Union politicians rejected a plan to prop up the world’s biggest carbon market on Tuesday, sending it plunging to a new record low and raising questions about its survival. After months of …
Aitken Spence Travels Ltd (ASTL), Sri Lanka’s largest inbound tourism operator, was awarded the ‘Carbon Neutral’ Certificate at a formal ceremony held at the Central Environmental Authority last week. Nalin Jayasundera, Managing Director of Aitken Spence Travels was presented with the certificates issued by the Ministry of Environment and Renewable …
Shenzhen, a Special Economic Zone designed to promote market policies in China, will start emissions trading on June 17, the first announced start date among the country's regional carbon exchanges. Mayor Qin Xu announced the schedule in an interview with the Shenzhen Daily newspaper. While Beijing and Shanghai may also …
Emissions from power plants and factories covered by the European Union's carbon market fell by 1.4 percent last year, preliminary like-for-like data showed on Tuesday, helping keep the EU on track to reach its 2020 emissions reduction target. Around 10,000 installations out of some 13,000 firms operating under the EU's …
Environmental groups have urged the United States to back a global deal to curb carbon emissions produced by planes, noting that global aviation emits more of the greenhouse gas than all but six of the world's nations. The groups, alarmed at scant progress toward an agreement within a United Nations …
Environmental groups have urged the United States to back a global deal to curb carbon emissions produced by planes, noting that global aviation emits more of the greenhouse gas than all but six of the world's nations. The groups, alarmed at scant progress toward an agreement within a United Nations …
Australia should end its bickering over a carbon price and move to an emissions trading scheme (ETS), the head of a manufacturing lobby group says. Australian Industry (Ai) Group chief executive Innes Willox says the fixed carbon tax should be scrapped, with the policy changed to an internationally linked ETS …
The European Union's second highest court on Thursday dismissed a Polish challenge against the European Commission over the allocation of free carbon permits to energy-intensive industry. Poland has argued that the rules for free allocation of CO2 permits do not take into account its particular situation as an emerging eastern …
Aviation pollution can only be stabilized by the middle of the century if a price is set on airline carbon emissions, research said, countering industry hopes that green goals can be met via technology improvements and biofuels. A European Union program to force airlines using EU airports to pay for …
Hours of debate on reform of the European Union's Emissions Trading Scheme on Friday showed support for tighter annual pollution limits, but hardly any backing for a change to an overall EU 2020 goal on carbon cutting. Both measures would reduce the oversupply of carbon allowances, which pushed the EU …
This bulletin provides an overview of recent discussions about the impact of corruption on environmental governance, with a focus on emissions trading. It reviews new definitions and the latest corruption assessment methodologies in order to emphasise the broader challenges faced by GHG trading mechanisms and climate finance.
This working paper explores the potential new trade opportunities and challenges that climate change mitigation policies adopted primarily in developed countries may create for exporters in Low Income Countries (LICs). It forms part of a larger program of work being undertaken at ODI to assess the effect of climate change …
South Africa delayed introducing a carbon tax until 2015 after objections from metals companies such as ArcelorMittal South Africa and Gold Fields. The tax of 120 rand ($14) a metric ton of carbon on 40 per cent of a company's emissions will rise 10 per cent a year until 2020, …
European lawmakers backed an emergency plan to save the world's biggest market for carbon allowances from collapse on Tuesday, but put off drafting the necessary legislation, sending prices down by as much as 20 percent. The carbon market, a pillar of the European Union's climate policy to cut greenhouse gas …
More than 75 environmental organizations Monday urged the European Parliament to end the European Union's Emissions Trading Scheme, launched seven years ago as a market-oriented way of reducing pollution and greenhouse gases. The parliament is to vote Tuesday on a plan by the European Commission to overhaul the ETS with …
The European Union’s plan to tackle a glut of emission permits is on track to be voted by the full EU Parliament in mid-April, Matthias Groote, the lawmaker in charge of the draft measure, said after it won approval by a panel he chairs. “My role is to build a …
THE state government has narrowly avoided a carbon price bill of about $400 million under a secret deal struck with Alcoa whereby the Gillard government will cover much of the costs. The State Electricity Commission of Victoria's annual report reveals the state budget was facing a $396 million carbon price …
The Regional Greenhouse Gas Initiative, the country’s first regional system for capping carbon emissions and creating a market in carbon allowances, proposed a fundamental change on Thursday to increase electrical utilities’ incentive to cut emissions from fossil-fuel plants by raising the cost of compliance. The regional group proposed a 45 …
Germany and six other EU nations hold the key to the decision on a rescue plan for the world's biggest carbon market after prices slumped due to record oversupply, three EU officials with knowledge of the matter said. The EU proposal to help emission prices rebound from all- time lows …
