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 …
Cap-and-trade, a regulatory instrument widely used to constrain greenhouse gas and other pollution, has recently been criticized for producing only small amounts of intended emission reductions. This paper looks at the empirical record of cap-and-trade since the beginning in 1995, and shows that emission targets have almost always been easier …
Since 2008, Europe’s carbon market has shown symptoms of terminal decline. Rock bottom prices for allowances have given industry little incentive to diversify away from fossil fuels. But traders believe market sentiment is poised for a boost in the coming weeks, expecting signals from Brussels that EU leaders will try …
MEPs last night (8 October) approved Miguel Arias Cañete as the new EU Energy and Climate Commissioner, despite widespread concern from environmental groups about his background as an 'oil baron' and a petition signed by nearly 600,000 European citizens against his appointment. Cañete was approved by a wide margin, with …
An increasing number of big corporations expect governments worldwide to put a price on carbon dioxide emissions to help tackle climate change and some are already factoring in the cost to guide future investment decisions, a report found on Monday. Some 150 large listed companies - including 29 in the …
Based on data gathered by CDP from corporations in response to its annual request for information on the business implications of climate change, the report finds that large public companies are already advanced in their use of carbon pricing and are ahead of their governments in planning for climate change …
U.K. lawmaker Ian Swales has already watched one steel plant close in his district, and he never wants to see it again. It felt like a funeral, he said, when plunging demand led the Redcar blast furnace in northern England to shut its doors in 2010. The memory has Swales …
U.K. lawmaker Ian Swales has already watched one steel plant close in his district, and he never wants to see it again. It felt like a funeral, he said, when plunging demand led the Redcar blast furnace in northern England to shut its doors in 2010. The memory has Swales …
Proponents of curbing carbon emissions often point to the additional benefits of cleaner air and healthier families. The high cost of climate change policies, they reason, will be largely offset by health care savings. Now, a team of researchers at Massachusetts Institute of Technology have quantified just how big that …
The vehicle fuel requirement is part of California's law intended to reduce air pollutants Billionaire environmental activist Tom Steyer, who has pledged to spend $100 million in the midterm elections to push his climate change agenda across the nation, announced Tuesday that he would fight efforts to delay a key …
California Governor Jerry Brown and Mexican environmental officials signed a pact on Monday aimed at reducing greenhouse gas emissions, an agreement that could eventually expand the market for carbon credits. The six-page memorandum of understanding calls for cooperation in developing carbon pricing systems and calls on the partners to explore …
Most Americans oppose a carbon tax, considered by many economists a cost-effective way to fight climate change, but they are willing to support it if the money is returned to them or used to fund renewable energy, a poll Monday finds. Only a third, or 34%, say they support taxing …
The European Union should overhaul its emissions program to ensure it encourages investment in clean energy without recurrent market intervention, according to the chair of the industry committee in the EU Parliament. Jerzy Buzek, who was elected yesterday to head the panel for 2 1/2 years, said the EU emissions-trading …
A California Democrat on Thursday introduced a bill he believes will keep gasoline prices down by delaying the expansion of the state's carbon cap-and-trade program, a move that has angered environmentalists. Assemblymember Henry Perea said a three-year delay is needed to ensure that the state does not raise billions of …
European Union carbon permits had the biggest quarterly gain in six years as lawmakers consider permanent measures to curb a surplus that helped push prices to a record low. December allowances climbed 25 per cent since March 31, the most for a quarter since June 2008, according to data from …
European Union policy makers may reach a decision in the first half of next year on a proposal to introduce automatic supply controls in the world’s biggest emissions market, according to a senior EU official. EU governments and the European Parliament are unlikely to finish work on the reform proposed …
The UK's conservative climate and energy minister has rejected suggestions his government could form an alliance of "like-minded" nations with Australia to oppose carbon pricing. Greg Barker has put an end to Prime Minister Tony Abbott's dream that a group of five countries could be formed to undermine global moves …
Australia's greenhouse gas cut targets quietly tripled on Saturday night, from a 5 per cent cut by 2020 to a cut of more than 18 per cent. The failure of the federal government to repeal the carbon price has triggered a far more ambitious emissions reduction target. As of midnight …
President Barack Obama will unveil a plan on Monday that will cut carbon pollution from power plants and promote cap-and-trade, undertaking the most significant action on climate change in American history. The proposed regulations Obama will launch at the White House on Monday could cut carbon pollution by as much …
The nation’s biggest business lobby says President Barack Obama’s plan to tackle climate change could cost the U.S. economy $50 billion a year. Supporters predict it will create jobs and lower power bills. The U.S. Chamber of Commerce and Natural Resources Defense Council are both releasing economic impact studies this …
President Barack Obama's landmark rules to cut power plant emissions will likely give a fresh push to regional U.S. carbon cap-and-trade systems by allowing for a holistic, state-wide view of new pollution targets, sources familiar with the process said. The Environmental Protection Agency is poised to allow states including California …
