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 …
South Korea has finalised its 2030 target of reducing greenhouse gas emissions by 37 percent from business-as-usual (BAU) levels, higher than its earlier plan for a 15-30 percent cut. The country is among the world's top 10 carbon emitters, so any steps it takes to curb emissions are key to …
An unprecedented alliance of business, welfare and environmental groups and trade unions is demanding an end to Australia’s decade of political paralysis and division on climate policy, insisting the Abbott government make credible emission reduction commitments and the major parties agree on how the pledges should be implemented. In an …
A district court ordered the Dutch government on Wednesday to cut greenhouse gas emissions faster than currently planned in a rare use of the legal system to curb global warming. A judge in The Hague said the state must "ensure that the Dutch emissions in the year 2020 will be …
Global temperature data keep 2015 as hottest year to date NASA released its global temperature data for the month of May 2015. It was a scorching 0.71 degrees C (1.3degreesF) above the long-term average. It is also the hottest first five months of any year ever recorded. As we look …
China, the world’s biggest polluter, will sign a joint pledge with the European Union this month to seek a United Nations agreement to tackle climate change as one of “the greatest threats facing humanity”, according to a draft statement seen by Reuters. Chinese Premier Li Keqiang will endorse the statement …
Shimla, June 15: The benefits of greening the degraded land in 10 districts of the state under the World Bank-funded climate change mitigation project under Kyoto Protocol have yielding results with Himachal selling its carbon credits for the first time for Rs 1.93 crore to Spain, with an assured amount …
The European Union may have to offer its heaviest polluting industries another ten years of free carbon credits to prevent them from leaving the region to do business elsewhere, EU regulators have suggested in a report seen by Reuters. Ten years ago the EU launched a plan to tackle climate …
Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found on Thursday. Government officials are meeting in Germany this month to work on a global deal to cut greenhouse gas emissions …
Australian delegates have been questioned about the government’s climate policies at a United Nations conference in Germany. The hour-long grilling from developing nations such as China and Brazil came at a meeting in Bonn which is as part of a mutual assessment process ahead of a conference in Paris in …
A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives. "All countries are relatively sceptical on international market mechanisms," said …
BP and Shell involved in rare public intervention by energy giants aimed at influencing UN climate talks The bosses of Europe’s six largest energy companies, including BP and Shell, have said gas should play a vital role in plans to tackle global warming, in a rare public intervention aimed at …
Six major energy companies have written to the United Nations asking for help in setting up a carbon pricing scheme to help tackle climate change. BP, Royal Dutch Shell, Total, Statoil, Eni and the BG Group asked Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change, …
This “Background Report on Long-term Climate Finance” was prepared by Climate Policy Initiative and CICERO for the German G7 Presidency 2015. It aims to inform discussions on how to scale up climate finance to meet low-carbon, climate-resilient investment needs and discusses current investment levels, future needs, and potential solutions that …
Participants in the European Union's carbon market expect average prices to rise for the first time in four years, an annual survey published by the International Emissions Trading Association (IETA) showed on Tuesday. The survey conducted by PwC drew on responses from 122 IETA members including utilities, trading houses and …
Members of the European Parliament on Tuesday approved a compromise deal to begin a new reform of the EU Emissions Trading System (ETS) from January 2019. MEPs in the Committee of Environment, Public Health and Food Safety voted 49 in favor; eight were against and two abstained. Known as the …
The value of global carbon permits expanded to $US34 billion ($44 billion) in the past year, with gains led by South Korea, California and Quebec, the World Bank said. Permits aimed at reducing greenhouse gases were worth 6.3 per cent more than the $US32 billion a year earlier, the Washington-based …
At first, the numbers and company names flashing on a big board in Beijing’s financial district suggest a booming market. A closer look indicates otherwise: The scrolling list rotates the same dozen or so trades, all from last year. The lights from the Beijing Environment Exchange — one of seven …
TORONTO - Ontario has announced its latest target in the province's drive to reduce greenhouse gas pollution. The province has already set a goal of cutting emissions of the gases blamed for global warming by 15 per cent below 1990 levels by 2020, and 80 per cent by 2050. It …
New Zealand is eyeing up international carbon markets to meet any climate commitments, the government revealed in a consultation this week. Slammed by Greens as “seriously flawed”, the document emphasised the costs of cutting greenhouse emissions at home. It claimed for the same level of cost as the European Union’s …
Europe's poorest nations, including heavily indebted Greece, emerge the main winners from a deal to reform the world's biggest carbon market that will raise billions for EU governments, data from Thomson Reuters Point Carbon shows. The European Union on Tuesday reached a preliminary accord to launch on Jan. 1, 2019, …
