The National Biodiversity Authority has released a new set of rules to manage sharing of benefits generated through the use of biological resources. The Biological Diversity (Access to biological Resources and Knowledge Associated thereto and Fair and Equitable Sharing of Benefits) Regulation 2025 was approved by the Central government and …
The China Air Transport Association, which represents the country's four major airlines including flag-carrier Air China Ltd, said on Wednesday that Chinese airlines would not pay any charges under the European Union's Emissions Trading Scheme (ETS). "China will not co-operate with the European Union on the ETS, so Chinese airlines …
Mumbai: From January 1, carbon emissions by aircraft flying into 27 European Union (EU) countries, including the UK will be measured as the airline industry will come under the EU emission trading scheme, making carriers that exceed their carbon limit liable to pay a carbon tax. There will be no …
Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG emissions control to stabilize climate …
Successful deployment of carbon capture and storage (CCS) is critically dependent on comprehensive policy support. While policy plays an important role in the deployment of many low-carbon technologies, it is especially crucial for CCS. This is because, in contrast to renewable energy or applications of energy efficiency, CCS generates no …
Beijing criticized a decision by Europe's highest court to allow airlines to be charged for carbon emissions on flights to and from the European Union, with state media warning on Thursday it could spark a trade spat and the foreign ministry urging talks. "This is a trade barrier in the …
Declaring that India has come to the climate conference with an “open mind”, Environment Minister Jayanthi Natarajan on Tuesday said the developed countries’ projection of legally binding agreement being a “panacea” for climate change was “completely off the mark”. “In these negotiations, some countries have projected the question of a …
Australia and New Zealand said on Monday they could link their carbon trading schemes as soon as 2015, immediately after Australia's government moved from a fixed carbon tax to the world's second-largest market scheme to cut pollution. After talks in Durban, South Africa, on the sidelines of global talks on …
Human-induced climate change poses enormous risks to our environment, economies and societies. Nations have come together under the auspices of the United Nations to debate what needs to be done to manage these risks. They have agreed that it is prudent to attempt to limit the increase in the global …
Managing climate change caused by greenhouse gas (GHG) emissions has been recognized as one of the world's greatest challenges in current times, in particular in Asia and the Pacific which accounts for most of the world's GHG emissions. Without urgent action to curb such emissions, climate change will be more …
NEW DELHI: For India, the battle on Kyoto Protocol at the Durban climate talks beginning on Monday boils down to ensuring the global community does not impose an unjust tax on its energy and growth. At the two-week long talks between 195 countries, the fate of Kyoto Protocol - already …
Australia’s parliament on Tuesday passed a landmark carbon tax legislation that will force the top 500 polluting companies to pay A$24 per tonne for carbon emissions from July 1 next year. The Clean Energy Act, which includes investments in renewable energy sources, would result in the continent country cutting its …
Australia's parliament passed landmark laws to impose a price on carbon emissions on Tuesday in one of the biggest economic reforms in a decade, giving new impetus to December's global climate talks in South Africa. The scheme's impact will be felt right across the economy, from miners to LNG producers, …
Mexico will earn a royalty on carbon credits generated from energy-saving light bulbs through a world-first deal that could pave the way for other developing countries to fund emissions cuts, the investor said on Monday. Under the project, an Australian company, Cool nrg International, advised by Bank of America Merrill …
Australia's Senate is set to pass laws on Tuesday putting a national price on carbon emissions, one of the country's most sweeping and divisive economic reforms that have been a decade in the making. Opposition leader Tony Abbott has run a two-year campaign to wreck the scheme, seizing on voter …
The world could be on the brink of a trade war over European Union efforts to impose carbon charges on the emissions of all planes landing or taking off within the EU.
A decade ago, environmentalist Hunter Lovins published Natural Capitalism. The book influenced some business leaders to embrace what was a counterintuitive notion: that going green could be a way to save or make lots of money. Since then, she has gone on to establish Natural Capitalism Solutions, a Colorado-based firm …
This year, the International Emissions Trading Association (IETA)’s annual Greenhouse Gas Market Report is focussed on Asia, and is released at Carbon Forum Asia in Singapore. Its title “Asia and Beyond on the roadmap to Global Carbon & Energy Markets”, recognises the shifting focus of the world’s engagement with climate …
China, one of the biggest culprits when it comes to carbon emissions, plans to impose ‘green tax’ as it struggles to meet its commitments to reduce the emission targets by 2015. China will “actively promote reforms in environment related taxes” and “conduct research regarding the collection of an environmental tax’’, …
To measure a country's greenhouse emissions from fossil fuels, it makes sense to consider the whole carbon supply chain, from oil well or coal mine to a consumer's shelf, scientists reported on Monday. Currently, putting a price on climate-warming carbon dioxide generated by oil, coal, natural gas and other fossil …
Australia's controversial plan to introduce a tax on carbon emissions cleared a major political hurdle Wednesday, securing the expected approval of the country's lower legislative house. The package to introduce a price on carbon pollution and encourage investment in clean and renewable energy narrowly passed at 74-72. The law is …
