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 …
Two large overseas investors in the UK energy market have joined the chorus of criticism of the government's new energy bill. The German-based E.ON, one of the big six electricity providers in Britain, said national subsidy schemes for renewables such as Britain's contracts for difference had helped "bust" key European …
Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said. If agreed, a more ambitious target could help to spur the European Union's carbon market, which has sunk to record lows. Previous …
Bavaria's stock exchange will abandon its carbon emissions certificate trading operations in the EU-traded CO2 market on June 30 after volumes in Europe "plunged to practically zero" in recent months, it said on Tuesday. The EU's emissions trading scheme (EU ETS) limits the carbon dioxide emissions of the 27-nation bloc's …
Kisan Board Pakistan (KBP) has urged the government to take immediate notice of Indian efforts of buying carbon credits for its seven hydropower projects to be built on Sindh, Chenab and Jhelum rivers. The Board said that this effort of India is aimed at to give legal cover to its …
Airlines operating in and out of European airports have complied with the EU Emissions Trading Scheme (EU ETS) and handed over data despite the refusal of carriers from China and India. The airlines have provided emission information ahead of the introduction of mandatory reporting. And according to the latest information …
EU nations should pledge that funds from paying for airline emissions will help poor countries deal with global warming, the bloc's climate chief said on Tuesday, after finance ministers stopped short of a firm commitment. Crisis in Greece and the euro-zone topped the agenda at the ministers' talks in Brussels, …
Countries in Asia and the Pacific must strike a balance between rising prosperity and rising emission as their success or failure will have repercussions worldwide, a latest report of the United Nations Development Programme (UNDP) has said. "The Asia-Pacific region must continue to grow economically to lift millions out of …
Europe's economic slump is allowing utilities in some countries to burn increasing amounts of cheap, highly polluting coal for electricity generation and still meet legally binding targets to cut carbon dioxide emissions, Reuters research shows. The EU's carbon scheme, its main tool to fight global warming, caps CO2 emissions on …
EU nations have yet to come up with a plan on how to fill a multi-billion euro fund to help tackle climate change, even as the region's executive body hosts talks with countries likely to bear the brunt of extreme weather. The European Union recommitted to providing 7.2 billion euros …
Consider this. An Indian tourist, flying in a European Union (EU) built aircraft of an EU airline to spend euros in the EU will end up paying carbon tax to the EU even for the portion of the flight that falls in non-EU airspace. That sounds unfair," says Amber Dubey, …
South Korea's lawmakers approved a national emissions trading scheme on Wednesday to tackle its growing greenhouse gas emissions, overcoming strong industry opposition and joining a growing number of nations to put a price on carbon. Of the 151 lawmakers who voted, 148 approved the scheme, underscoring bipartisan support for a …
Australia and New Zealand have missed a deadline to set post-2012 emission reduction targets under the Kyoto Protocol, with both governments saying they will decide whether to continue to be legally bound to cut emissions of seven greenhouse gases later this year. Countries intending to sign up to a second …
Any one-off European Union intervention to clear the massive glut of permits now clogging its emissions trading scheme is likely to lead to a 'central bank' or other policy tool to manage future imbalances in the world's biggest carbon market. If it does act, the European Commission, the bloc's executive, …
Energy security, power markets and sustainable urban development top the agenda at talks on Thursday between European Commission bosses and visiting Chinese officials, led by Vice Premier Li Keqiang, as both sides scramble for supplies and market share. Beijing and the European Union, China's leading trade partner, launched regular dialogue …
The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. This paper evaluate one important component …
The lack of real progress at the Durban climate change conference in 2011—postponing effective action until at least 2020—has many causes, one of which is the failure to address trade issues and in particular carbon leakage. This paper advances two arguments. First, it argues that the conventional view of Border …
Other countries are not doing enough to tackle this source of greenhouse gases The government will urge its airlines to boycott the European Union's carbon charge scheme, raising the prospect of a global trade war over a law requiring flights in and out of Europe to pay for their greenhouse …
Carbon Stored Value: With a forest cover of 72 percent, work is underway in the country, to have in place a mechanism that would help measure the financial value of carbon stored in the forests of Bhutan. Having a value of the carbon stored in the forest under the UN-Reducing …
After years of wrenching debate, a carbon tax on Australian industry starts in July, but instead of bringing much-needed investment certainty, the scheme is delivering the opposite. Much of Australian's power sector is struggling to access cheap, long-term financing on worries over the future of the carbon tax scheme, which …
Faced with slow progress towards an international agreement to limit greenhousegas emissions, governments are taking the initiative by passing their own climate laws. Mexico — plagued by a persistent drought but optimistic about its prospects for wind power — made one of the boldest commitments of any nation to limit …
