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 …
California's greenhouse gas reduction program is in a battle for its life, and uncertainty about its future has spooked buyers of its carbon permits California in 2012 became the first U.S. state with a comprehensive cap and trade program for carbon emissions, which are implicated in global warming, and now …
China plans to set up a market for renewable energy certificates to try to increase the use of cleaner energy as the world's largest greenhouse gas producer tries to reduce its reliance on coal. Power suppliers will be able to trade "green certificates" that represent the proportion of non-hydro renewable …
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. …
To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 trillion of investment will be needed over the next 25 years, which is $5.2 trillion above business-as-usual projections, a new report by Ceres and Bloomberg New Energy Finance concludes. Clean energy investment …
The United States will need new legislation to achieve its long-term target of reducing greenhouse gas (GHG) emissions by more than 80 percent by 2050. In this issue brief, show how a national carbon price—in the form of either a carbon tax or a cap-and-trade program—can help the United States …
The Obama administration's new pollution rules are under attack from Republican critics at home, but its top environmental official is telling China that similar regulations offer a solution to the air pollution currently choking its major cities. Gina McCarthy, the Environmental Protection Agency's Administrator, has been talking to Chinese officials …
Manitoba pledged on Thursday to cut greenhouse gas emissions and start a carbon cap and trade system, the latest Canadian province to set long-term targets to fight climate change. Premier Greg Selinger's New Democratic Party government, which faces an election in April, said Manitoba will aim to cut emissions by …
As many as 31 Indian companies have made it to a global list for disclosing climate change related information to their investors, including four corporates - ITC, Tata Steel, Tech Mahindra and Wipro - which have attained a perfect score of 100. According to the annual Climate Change Report by …
Support for carbon pricing is growing around the world. Governments, businesses and investors are recognising that nationally-appropriate taxes and trading schemes, as part of a well-aligned package of policies for low-carbon change, can reduce greenhouse gas (GHG) emissions without harming the economy. Strong, predictable and rising carbon prices send an …
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 …
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 …
(Reuters) - The leaders of nine Canadian provinces and territories on Tuesday called on Prime Minister Stephen Harper to take stronger measures to reduce the country's greenhouse gas emissions by 2050. Quebec Premier Philippe Couillard stressed the urgency of enacting taxes on carbon, creating cap-and-trade systems or using technology to …
Carbon dioxide emissions in the European Union’s cap-and-trade program, the world’s largest, probably fell to a record last year as warmer-than-average weather curbed demand for gas and power. Emissions from companies covered by the program dropped 5.8 percent to 1.798 billion metric tons in 2014, according to the median forecast …
President Barack Obama signed an executive order on Thursday to set new goals for reducing the greenhouse gas emissions of federal agencies, his latest use of his executive authority to address the root causes of climate change and press private companies and foreign governments to follow suit. Obama's directive orders …
"It is difficult for individual governments to control or affect the collective and cumulative impact of human activity globally, but there is a role for the Australian government to continue in its efforts in leading and co-ordinating domestic environmental policies to drive better environmental management and economic growth for the …
The development of climate policy in the United States mirrors international developments, with efforts to initiate a coordinated approach giving way to jurisdictions separately taking actions. The centerpiece of US policy is regulation in the electricity sector that identifies a carbon emissions rate standard (intensity standard) for each state but …
What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman's result [Prices vs. quantities, Review of Economic Studies, 41 (1974), 477-491] to the problem of greenhouse gas emissions, the price-quantity literature …
With the effects of climate change already being felt from New York City to New Delhi, the fight to keep global forest carbon stocks intact, to improve forest management, and to reforest degraded land is more vital than ever. Too often, trees are worth more cut down than standing. But …
