Emissions Trading

Disruption and Disarray: An analysis of pangolin scale and ivory trafficking, 2015-2024

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 …

Dealing with reality

The Kyoto Protocol was intended to cut the greenhouse gas emissions of developed countries to 5 per cent less than they were in 1990, and this was to be achieved by the end of 2012. As that deadline approaches it is time to take stock of what has actually happened. …

CO2 emissions from fuel combustion 2012: highlights

In the lead-up to the UN climate negotiations in Doha, the latest information on the level and growth of CO2 emissions, their source and geographic distribution will be essential to lay the foundation for a global agreement. To provide input to and support for the UN process the IEA is …

Britain turns back the clock as wood displaces coal

More than two centuries after coal power helped forge the world’s first industrial economy, Britain is going back to burning wood. Drax Group Plc will spend $1 billion to turn the U.K.’s biggest coal-fired plant into western Europe’s largest clean- energy producer. The U.K. utility plans to convert one of …

Shunned US coal sends Europe's emissions higher

Shale gas has jolted traditional roles in the planet's climate drama, giving cleaner fuel to the United States, whose displaced coal has headed to Europe to pollute the old continent. It is an ironic twist for the European Union, whose energy policy is largely based on promoting renewables and a …

EU yet to agree on next steps of CO2-law fix

The European Union has yet to decide what procedural steps to take next in talks about a draft change to the bloc’s carbon law after some governments voiced uncertainty about the plan, an EU presidency official said. A number of nations expressed reservations about an amendment to the EU emissions …

Senate votes to shield U.S. airlines from EU's carbon scheme

The Senate unanimously passed a bill on Saturday that would shield U.S. airlines from paying for their carbon emissions on European flights, pressuring the European Union to back down from applying its emissions law to foreign carriers. The European Commission has been enforcing its law since January to make all …

China agrees to work with EU in cutting carbon emissions

China, the world’s biggest carbon dioxide emitter, has struck a deal to work with the European Union to cut greenhouse gases through projects including the development of Chinese emissions trading schemes, the European Commission said on Thursday. EU Development Commissioner Andris Piebalgs and Chen Deming, the Chinese commerce minister, signed …

Top emitter China agrees to work with EU to cut carbon

China, the world's biggest carbon dioxide emitter, has struck a deal to work with the European Union to cut greenhouse gases through projects including the development of Chinese emissions trading schemes, the European Commission said on Thursday. The European Union and China have frequently clashed over climate policy and Beijing …

Airline industry urges Obama to block EU carbon scheme

The U.S. aviation industry urged President Barack Obama on Monday to file a U.N. action to stop the EU from forcing foreign aircraft to pay for their carbon emissions ahead of a U.N. meeting that will try to make progress on a multilateral solution to the ongoing aviation row. Nineteen …

Climate change: India needs to focus on technology adaptation

NEW DELHI, 12 SEPT: Mitigation alone cannot combat climate change and India should focus on adaptation by developing necessary technologies, experts said here. Stressing on the need to create win-win adaptation programmes to deal with climate change, Environment Ministry Secretary T Chatterjee today said the country should encourage off-grid power …

Big banks weigh risks, rewards of California's new CO2 market

Major banks are weighing whether to wade into the California carbon market, which experts believe could grow into a $40 billion a year market by 2020, but one that is also loaded with risk and uncertainty. Following last week's successful test of the state's auction platform, the reality is starting …

EU's greenhouse gas emissions down 2.5% in 2011

The European Union's (EU) greenhouse gas emissions fell by 2.5% in 2011 despite higher coal consumption, according to new estimates from the European Environment Agency (EEA). The decrease in emissions were mainly due to a milder winter in most parts of the EU, which resulted in lower heating demand from …

Linking to Europe's carbon market carries risks

A link between European Union and Australian cap and trade schemes could inject new life into emissions trading as long as regulators take into account risks such as the impact of market intervention in one region on energy prices in the other. The European Union's executive Commission and Australian government …

EU may propose linking carbon permits to economic performance

The European Union may propose linking the supply of carbon permits with economic performance as a long-term option for the world’s biggest emissions market, a person with knowledge of the matter said. The European Commission, the EU’s regulatory arm, may propose introducing a so-called adjustment mechanism to react to macroeconomic …

Gillard government ditches plan to shut dirty power plants

The Gillard government has abandoned plans to pay some of the dirtiest power stations in the country to close down. Labor on Wednesday performed its second backflip on carbon pricing in as many weeks, after recently axing the floor price for its emissions trading scheme which is due to start …

No early Australian link to Californian carbon market

After announcing this week it will link its future carbon market to the EU's, Australia may look to California next as a potential emissions-trading partner, but the US state may be less keen to cement a trans-continental link, analysts said. On Tuesday, Australia announced it will link its emissions trading …

Australian polluters to save A$2.5 billion in CO2 costs: analyst

Australia's top polluters, from steel firms and coal miners to airlines, will save about A$2.5 billion over 5 years after a decision to align the nation's carbon scheme with Europe's, a leading analyst firm said on Tuesday. Carbon analysts RepuTex also said in a report polluters did not need to …

Possible elements for a Doha decision adopting the Kyoto Protocol amendments

Possible elements for a Doha decision adopting the Kyoto Protocol amendments - Non-paper by the Vice-Chair. http://unfccc.int/files/meetings/ad_hoc_working_groups/kp/application/pdf/awgkp_vicechair_040912.pdf

Governments still set on 3°C warming track, some progress, but many playing with numbers

The Climate Action Tracker has updated our analysis on national greenhouse gas emission reduction proposals for 2020 under the international climate negotiations. We find that governments are taking action to implement their reduction proposals, but many are set to fail in reaching those proposals. Recent highlights include the agreed link …

Carbon pricing switch 'won't damage budget'

CLIMATE Change Minister Greg Combet has hit back over claims that this week's carbon price policy reversal would blow a hole in the federal budget, saying any impact would likely be dwarfed by fluctuations in exchange rates and other variables. The government announced on Tuesday it was scrapping a $15 …

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