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 …
The EU is set to emit 2bn tonnes more CO2 than it promised at the Paris climate talks, threatening an agreement to cap global warming at 2C, a note from the European commission has revealed. Carbon prices will rise too slowly to cut industrial emissions as much as needed, says …
The World Bank will hold a $20 million auction for carbon credits from projects designed to cut methane emissions, offering up to 10 times the current market value, the bank said on Monday. The auction, to be held on May 12, comes at a time when investment in carbon-cutting projects …
Trading volumes on China’s seven emissions exchanges increased by 86.5% last year, but the financial value of the transactions rose by just 50% due to falling prices, an annual report on China’s carbon markets said. A total 24.5 million allowances worth 656 million yuan ($100 million) changed hands via exchanges …
The International Carbon Action Partnership’s Status Report 2016 shows emissions trading is gaining ever more importance in the fight against climate change. The International Carbon Action Partnership’s (ICAP) Status Report 2016, highlights the continuous growth and key role that emissions trading systems (ETS) play in the fight against climate change. …
The idea of a global carbon price has been a recurrent theme in debates on international climate policy. Discarded at the Conference of Parties (COP) of Copenhagen in 2009, it remained part of deliberations for a climate agreement in subsequent years. Unfortunately, there is still much misunderstanding about the reasons …
Long-term funding of the Turnbull government's keystone climate policy remains in doubt as mixed messages emerged from the government about whether further funds will be allocated beyond the current $2.55billion. Finance Minister Matthias Cormann was reported on Monday as saying that there was no funding for the Emissions Reduction Fund …
Countries should set targets to increase public investment in low-carbon research and development (R&D;) slowly and steadily beyond 2020, according to a report published by the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science. The report states that while it is …
The report Analysing the status quo of CDM projects concludes that under current market conditions, the Clean Development Mechanism (CDM) is currently not able to provide sufficient incentive for the continuation of mitigation activities and identifies a general risk of mitigation activities to discontinue. Due to their substantial mitigation potential …
This paper compiles nine in-depth case studies of sub-national climate mitigation programs that exceed or lead national policy directives. From California to Rajasthan, India, these case studies reveal a range of local partnerships that exhibit strong climate leadership. In addition to examining the policy frameworks that make these accomplishments possible, …
How is China shifting to a low-carbon economy? What is driving the transition, and how will it affect global climate negotiations? This report, by chinadialogue, the Low Carbon Innovation in China project and the Energy and Climate Intelligence Unit, illustrates the dynamism of China’s low-carbon development and asks if China’s …
The national carrier Air India has asked the Airport Authority of India (AAI), which manages air traffic in India to allow it's aircraft to land with 'constant descent approach' at the runway, to let it save on fuel, which forms about 40 per cent of the airline's operating cost. At …
The Canadian province of Alberta, home to the country's controversial oil sands, said on Sunday it will implement an economy-wide tax on carbon emissions in 2017, addressing long-standing criticism it is not doing enough to combat climate change. The provincial government estimated the plan, including a pledge to phase out …
Global demand for coal is still rising: EU member states have been reluctant to take action against coal projects and continue to subsidize coal related business with almost 10 billion euros per year. King Coal also generates 43 percent of Germany’s total energy. Coal Atlas contains the latest facts and …
Poland's bid to block global efforts to slow climate change is likely to struggle to gain traction as it risks alienating European partners and as top emitters China and the United States dominate the international debate. Ahead of U.N. talks in Paris on a new climate pact, Poland's president vetoed …
China, the world's biggest source of heat-trapping greenhouse gases, will impose tougher penalties on firms that fail to comply with emission targets, according to draft market regulations seen by Reuters on Thursday. The draft rules, which have been circulated among market players, will be submitted to lawmakers next year for …
Governments around the world will this year raise around $22 billion from schemes putting a price on carbon dioxide (CO2) emissions such as taxes or emissions trading systems, a report on Wednesday showed. The role of carbon pricing, in efforts to curb rising emissions blamed for global warming, has gained …
HA NOI (VNS) — Prime Minister Nguyen Tan Dung has approved a project worth US$3.6 million to help Viet Nam to build its own carbon market following an application from the Ministry of Planning and Investment. Created under the Kyoto Protocol, the carbon market enables the trading of carbon emission …
Chinese President Xi Jinping made the announcements in a joint press conference with President Obama during a state visit to the US. A key part of the new plan is the confirmed rollout of a nationwide emissions-trading system by the end of 2017, covering at least six core industrial sectors …
Chinese President Xi Jinping announced Friday that China will develop a carbon trading system as a way to reduce the country’s greenhouse gas emissions. The announcement, made jointly with U.S. President Barack Obama, comes as both countries prepare to strike a global carbon emissions agreement at the Paris climate negotiations …
Number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion says this new World Bank report. The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. …
