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 …
Tata Power Company Ltd has said it has registered its 25 MW project at Mithapur, Gujarat, with the United Nations Framework Convention on Climate Change (UNFCCC). This will allow the company to trade the certified emission reductions (CERs) it will earn from the renewable energy project. GHG abatement Tata Power …
Talk about good governance, ensuring energy, water and food security Years from now, Quebec’s Minister of International Relations Jean-Francois Lisee would like to tell his children: “We did everything we could. We tried to lead by example and if anyone should be blamed it should be someone else.” Speaking at …
The 2013 World Energy Issues Monitor is the latest of the WEC's annual assessment of the issues impacting the global and regional energy sector based on the views of the WEC's energy leadership community. It identifies the key uncertainties while highlighting the areas where action is most required to enable …
Norway could store 100 times its annual emissions of carbon dioxide under the Norwegian Sea to help fight climate change, adding to its even bigger potential under the North Sea, an official report showed on Friday. The findings are most relevant for natural gas finds such as the Sleipner field …
EU carbon prices briefly slid 40 percent to a record low after politicians opposed plans to support the market, raising concerns prices could hit zero and sending a warning to European governments to pull together in lowering carbon emissions. Prices in the EU's Emissions Trading Scheme (ETS) on Thursday dropped …
Report states carriers earned up to €1.36bn last year, despite claims that charge would impose crippling costs on industry Airlines made windfall profits of up to €1.36bn (£1.2bn) last year from a EU carbon tax they claimed would impose crippling costs on industry, according to a report into the measure's …
The European Commission on Monday called on member states and the European parliament to agree urgently on a plan to support the carbon market. Provided the proposal to withdraw temporarily some of the surplus of permits on the EU Emissions Trading Scheme (ETS) is supported, the Commission could begin holding …
The price of carbon hit a record low in Europe on Monday as the over-supply of emissions permits during the global economic downturn continued to undermine the carbon market. The price fell below 4.8 euros in early trading, before recovering to above 5 euros by late afternoon. Carbon permits are …
Governments like to cite external constraints—such as meeting the conditions for an international bail-out—when pushing through unpopular policies. But with measures to deal with climate change, the opposite prevails. Each round of intergovernmental talks on cutting emissions and compensating victims seems to achieve less than the one before. Meanwhile, according …
Carbon plan can pass with German backing: EU climate chief An EU executive plan to reduce a glut of carbon emissions allowances, which are trading close to record lows, can pass provided it gets German support, EU Climate Commissioner Connie Hedegaard said on Wednesday. The European Commission proposal, known as …
China's carbon intensity, or its emissions relative to economic output, fell more than 3.5 percent in 2012, outperforming its average annual target, China's chief climate change official said on Thursday. China aims to cut carbon intensity by 17 percent during the 2011-2015 period, which means an annual average target of …
An agreement by almost 200 nations to curb rising greenhouse gas emissions from 2020 will be far more costly than taking action now to tackle climate change, according to research published on Wednesday. Quick measures to cut emissions would give a far better chance of keeping global warming within an …
The European Commission has approved state aid of 1.88 billion euros for the Czech Republic and 56 million euros for Hungary in the form of free carbon allowances, it said on Wednesday. Stating the grants were within EU state aid rules, the Commission said the money would be used to …
Germany's environment and economy ministers are still at odds over a possible reform of Europe's system of permits to cut carbon emissions but will try to reach a consensus early next year, Environment Minister Peter Altmaier said on Wednesday. The dispute between the two ministers has been a major factor …
EU countries will get an estimated 59 percent increase in revenue from the sale of carbon allowances over the next three years if plans to strengthen the EU Emissions Trading Scheme (ETS) are implemented, an internal commission note said. Some countries, such as Poland, would see an initial drop in …
The European Commission is considering whether to hand out more free pollution allowances for the steel sector next year to counter the risk the industry could be driven out of Europe, EU sources said. The cost of carbon on the Emissions Trading Scheme (ETS) has collapsed to record low levels …
A Bill to set a target for the reduction of targeted greenhouse gas emissions; to establish a National Committee on climate change; to provide for carbon budgeting and carbon trading schemes and to encourage other such activities; to reduce greenhouse gas emissions and for matters connected therewith or incidental thereto.
Taxes, loans and grants, trading schemes and white certificates, public procurement and investment in R&D; or infrastructure: known collectively as “economic instruments”, these tools can be powerful means of mobilising the finances needed to achieve policy goals by implementing energy efficiency measures. The role of economic instruments is to kick-start …
In 2008, the EU decided to extend the scope of its Greenhouse Gas (GHG) emissions trading scheme (EU ETS) to include emissions from the aviation sector. What was applicable only to stationary sources within the EU, starting January 1, 2012 applies to all flights that arrive in or depart from …
