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 …

The FASTER principles for successful carbon pricing: an approach based on initial experience

The case for climate action has never been stronger. Current weather extremes, including storms, floods and drought, affect millions of people across the world. Climate change is putting water security at risk; threatening agricultural and other supply chains as well as many coastal cities. The likelihood of severe pervasive and …

European climate finance: securing the best return

Combating climate change is perhaps the most formidable public policy challenge of the times. Unmitigated climate change will be irreversible. It will place significant costs on future generations, and expose them to unexplored risks. To mitigate climate change, global coordination is indispensable. European Union citizens consider climate change a central …

Raising ambition to reduce international aviation and maritime emissions

A new paper from the New Climate Economy shows there is large untapped potential for fuel efficiency gains in both aviation and shipping sectors that would cut costs and reduce emissions. International aviation and shipping have grown dramatically in the last few decades along with their emissions: aviation and shipping …

Carbon pricing expected to affect firms' investment

The large majority of over 300 experts and industry representatives in China who were surveyed believe that carbon pricing will affect the investment of companies with large carbon emissions, pushing them toward green technologies by 2020. [Photo/IC] The large majority of over 300 experts and industry representatives in China who …

Kyoto protocol's carbon credit scheme ‘increased emissions by 600m tonnes’

Major UNFCCC carbon trading scheme hit by serious corruption allegations involving organised crime in Russia and Ukraine A key carbon offsetting scheme was so open to abuse that three quarters of its allowances lacked environmental integrity, a new report says. UN officials confirm the findings by the Stockholm Environment Institute …

Paris 2015: Australia's greenhouse gas emissions show 'disturbing increase' amid record global heat

The Abbott government says Australia remains on track to lower greenhouse gas emissions even though total pollution edged higher in the March quarter compared with a year earlier. The latest quarterly figures skipped over the December quarter, with the Environment Department telling Fairfax Media it was too busy to compile …

Australia's emissions cut target 'at or near bottom' of comparable countries

The independent Climate Change Authority has shot down key parts of Tony Abbott’s new environmental message, saying the government’s new target is not “in the middle of the pack” of similar countries but rather “at or near the bottom”, that the $600bn price tag the government attributes to Labor’s target …

Australia unveils new emissions reduction target ahead of Paris talks

Conservative Prime Minister Tony Abbott on Tuesday announced cuts to Australia's greenhouse gas emissions that were immediately criticized by environmental groups and opposition politicians for lagging far behind other advanced economies. The world's largest exporter of coal and iron ore will cut emissions by 26-28 percent of 2005 levels by …

Public accepts climate change science – will the government follow?

Australia's carcass-strewn climate policy landscape has given rise to many grisly myths and tales. Amid the carnage, politicians across the spectrum have both misjudged and exploited community concerns about climate science and policy. Yet, community attitudes are not static and the latest research concludes it would be wrong to interpret …

ETS would be more cost-effective than higher renewables target, analyst says

An emissions trading scheme would be cheaper and more effective than Labor’s 50% renewables goal or the government’s Direct Action policy, Paul Hyslop says The author of the $60bn price tag for Bill Shorten’s new renewable energy goal – cited by Tony Abbott as proof the scheme is unaffordable – …

Poll finds 60% believe carbon tax had little or no effect on electricity bills

Only 21% of voters polled believe that the carbon price had a large impact on power prices and just 9% thought the repeal had pushed prices down More than 60% of voters think the former Labor government’s carbon price had no effect, or only a small effect, on electricity bills …

Bill Shorten to unveil 50% renewable energy target at Labor conference

Opposition Leader Bill Shorten is set to unveil a bold climate policy goal requiring half of Australia's large-scale energy production to be generated using renewable sources within 15 years. Fairfax Media has learnt that despite Labor's humiliating 2013 election defeat caused in part by voter contempt for its carbon tax, …

Czech court rules against national tax on carbon permits

A Czech court has ruled against a tax imposed on carbon emission allowances granted free to companies, opening the way for state-owned electricity producer CEZ to claim back 5.3 billion crowns ($216 million) from the government. The ruling was made on July 9 in favour of electricity producer Sko-Energo, according …

Australia's opposition rejects carbon tax claims

CANBERRA, July 15 (Xinhua) -- Australia's federal opposition has refuted claims that it would reintroduce a controversial carbon tax if re-elected, saying leaked documents obtained by local media were "misleading". Opposition Environment Minister Mark Butler declared on Wednesday that Labor would not re-introduce the carbon tax, but admitted his party …

Climate: EU parliament backs reform of carbon market

The European Parliament has approved plans to overhaul the Europe Union's carbon market, a key part of strategies to curb the EU's global-warming emissions. Under reforms due to take effect in 2019, the Emissions Trading System (ETS) will set aside a portion of carbon credits if the surplus of emission …

Critics urge New Zealand gov't to produce plan to meet new gas emissions target

The New Zealand government was under pressure Wednesday to a plan to meet its new greenhouse gas emissions target. On Tuesday, Climate Change Issues Minister Tim Groser announced the "ambitious" target to reduce emissions to 30 percent below 2005 levels by 2030, which was equivalent to 11 percent below 1990 …

EU politicians set to back carbon market 2019 reform start

The European Parliament on Wednesday is expected to back a 2019 start to reform of the world's largest emissions market in a step towards deeper change and higher carbon prices. The aim is make the EU Emissions Trading System strong enough to spur investment in lower-carbon energy and comes ahead …

Carbon tax repeal sparks jump in Australia's electricity emissions

A 4.3% rise in electricity emissions counters Australia’s credibility in the lead-up to the Paris climate talks, the Climate Council says Electricity emissions have jumped since the repeal of the carbon tax, the Climate Council says. The council cites new data by consultants Pitt & Sherry, showing carbon dioxide emissions …

Power sector's emissions accelerate one year after carbon tax's demise

Emissions from Australia's main power sector are rising at an increasing rate one year after the end of the carbon price, with plants in Victoria fired by brown coal the biggest contributors, according to an energy consultancy. In the year to June, emissions from the National Electricity Market (NEM) jumped …

EU Eyes Setting Aside Carbon Permits for Production Increases

The European Commission plans to propose earmarking a quota of permits in its carbon market after 2020 for companies entering the system and for potential production increases, according to a draft law. The commission will also design rules to start two new funds to encourage a shift to a low-emission …

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