EU leaders will meet in Brussels this week to discuss the bloc’s climate-change strategy.
In addition to climate policy, the 11 February summit will focus on the economic crisis that had pushed the EU into deep recession last year.
The EU leaders will likely have a strategic debate about “the lessons to learn” from the UN climate summit in December, which ended in the non-binding Copenhagen accord, a council spokeswoman said today.
The US has set aside $1.4 billion to address global climate change in its fiscal 2011 budget.
President Barack Obama yesterday released the $3.8 trillion spending plan in which the administration apportioned funds to help poor countries adapt to climate change.
The agreement should include offset credits from emission reductions that are in line with a new standard agreed by all three parties, according to a report by the 21st Century Public Policy Institute, a think tank of Japanese business lobby group the Keidanren.
Installations under South Korea’s ETS will have to cut emissions 1 per cent under 2005 levels.
The ministry of environment will issue carbon allowances amounting to 99 per cent of each company’s annual average carbon dioxide emissions from 2005 through 2007, an official with the ministry of environment said today.
Post-2012 doubts, delays and weak prices made this year the most difficult yet for the CDM.
This year only 135 million carbon credits were issued, far behind the rate that is required in order to keep with market expectations of 1-1.3 billion and lower than the total issued in 2008.
Demand for international and US offsets will be low at the start of a carbon market, analysts say.
The Kerry-Boxer, which is being considered in the US Senate, creates a national emissions trading system as one mechanism to reduce greenhouse gases.
Pennsylvania-based Finite Carbon will work with US forest landowners to both develop and sell carbon offsets.
June 2 (Bloomberg) -- Wood is becoming a hot commodity in a new low-carbon world.
Power companies are burning more trees because the renewable fuel can be cheaper than coal and ignited without needing permits to release carbon dioxide, the main greenhouse gas blamed for global warming.
Russian GHG emissions climbed to 2.193 billion tonnes of carbon dioxide equivalent in 2007.
The figures, submitted yesterday to the UN, showed a rise in greenhouse gases of almost 7 million tonnes of carbon dioxide equivalent over 2006 levels, up 0.3 per cent.
First Climate wants to buy a US project developer but market doubts have stalled its ambitions.
The German-based project developer, investor and carbon credit aggregator was looking at buying US-based companies late last year but has since put acquisition plans on hold, according to First Climate CEO Markus Huewener.
The global carbon market will be worth $669 billion in 2013, according to a new report.
Between 2009 and 2013, compliance emissions trading systems (ETS) worldwide are expected to grow by 68 per cent per year, according to a report by industrial market research publisher SBI.
China has announced plans to boost output of fossil fuels over the next six years.
The country, already a leading emitter of greenhouse gases, will double output of natural gas to 160 billion cubic meters by 2015.
The carbon market's value will expand in 2009 despite the economic downturn, said a new survey.
An estimate by New Energy Finance, a UK research firm, reckons that value of the global carbon market will rise to $150 billion in 2009, compared with $118 billion last year and $31 billion in 2007.
US carbon offset retailer Terrapass is transforming itself into an originator of US carbon offsets through the launch of an offset portfolio with 2.5 million credits under management.
UK carbon offset provider, The Carbon Neutral Company, hopes to capture the growing US voluntary offset market through its acquisition of New York-based carbon management company Greenlife Organization.
This past weekend the 1st Anmore Scouts and a local youth group helped hand deliver reusable shopping bags to over 650 homes in the Village of Anmore to support the use of reusable shopping bags in their community. The Village of Belcarra residents will receive similar shopping bags later in the month in conjunction with a new recycling and trash disposal plan they are implementing for Village residents.
Missy Higgins is on a green mission. The 24 year-old singer-songwriter from Melbourne, immensely popular in Australia, is currently carving a name for herself in the US and talked to the UN Works about her commitment to fighting climate change.
Assets in carbon funds stand at nearly $13 billion, but the growth in money tied up in emission reduction projects is lagging the overall increase in carbon finance, a new survey found.
Germany will launch a €350 million programme to support companies that source their heat supply from renewable energy on 1 September, according to the environment ministry.
A carbon tax is the best way of putting a price on carbon, a necessary step to building a greener economy and fighting climate change, Stephane Dion, leader of the Liberals, Canada's main opposition party, told Point Carbon.
A coalition of environmental groups in Canada on Friday urged the federal government to ensure that climate policy is strict enough to boost the price of carbon and encourage development in renewable technology.
At Eco Preservation Society we advocate two common sense long-term goals:
Common Sense Goal #1: Within thirty years we must replace fossil fuels as an energy source. <!--[endif]-->
Common Sense Goal #2: Over the next one hundred years we must sequestered the excess carbon that has been added to the atmosphere over the last one hundred years.
A long-term aspirational goal for global greenhouse gas emissions would make a post-2012 international treaty on climate change more efficient, the 16 governments of the East Asia Summit said today.
Canadian province British Columbia will reduce its greenhouse gas emissions 33 per cent below current levels by 2020, according to the Greenhouse Gas Reduction Targets Act introduced by Premier Gordon Campbell Tuesday.
The Canadian province of Manitoba will cut greenhouse gas emissions by shutting down its only coal-fired generating facility, premier Gary Doer said in his throne speech today.
The Norwegian government today announced it will spend NOK4.1 billion (€535 million) over the next five years on purchasing Kyoto carbon credits to offset its emissions of greenhouse gases.
Six western US states and two Canadian provinces are meeting today to set joint targets for greenhouse gas emission reductions in the region.
Canada's minority Conservative government will continue to implement its controversial federal climate plan, as there is no chance it will be ousted after its budget passed Tuesday night.
Canada will ban the sale of inefficient incandescent light bulbs by 2012 as part of a plan to cut down on emissions of greenhouse gases, Natural Resources Minister Gary Lunn said on Wednesday.
British Columbia's government announced Tuesday it will be the first Canadian province to join an emerging international system to fight global warming by creating a carbon trading market that lets polluters buy "carbon credits" from cleaner and greener companies.
Canada's greenhouse gas emission reduction targets under the Kyoto Protocol will be excluded from the minority Conservative government's forthcoming climate change legislation targeting big emitters, Environment Minister John Baird said on Monday.
Canada's Conservative government has promised to soon unveil “world-leading regulations” to curb polluting greenhouse gases, following a bleak climate outlook report released in Brussels on Friday by the UN Intergovernmental Panel on Climate Change (IPCC).
Governors and state officials in five western US states setting up a joint initiative to reduce greenhouse gases praised Monday's Supreme Court ruling stating that the US Environmental Protection Agency (EPA) has authority to regulate carbon dioxide emissions from cars.
Money flowing into the carbon fund sector grew by $4.7 billion (€3.5 billion) over the past six months to total $11.8 billion, thanks in part to 12 new funds entering the carbon market, UK-based analysts New Carbon Finance said on Wednesday.
The European commission today announced it would allow Poland to hand out 208.5 million allowances annually to installations included in the second phase of the European emissions trading scheme.
The European Investment Bank and World Bank have launched a €50 million fund to buy carbon credits on behalf of three EU member states, a regional government and a large utility.
Canada has belatedly submitted its initial report under the Kyoto Protocol to the United Nations, paving the way for the country to participate in the Protocol's flexible mechanisms.
California Governor Arnold Schwarzenegger and British Columbia Premier Gordon Campbell on Thursday agreed to work together in efforts to curb greenhouse gas emissions.
Alberta, the home of Canada's vast oil sands production, has become the country's first province to legislate greenhouse gas emission reductions from large industry, the provincial government said on Thursday.
The price of carbon allowances will average €21.00 during the second phase of the European emissions trading scheme (ETS), according to analysis by Point Carbon published on Friday.
The environment ministers of the EU member states today agreed that the EU should reduce greenhouse gas emissions by 20 per cent below 1990 levels by 2020, and that 30 per cent should be the reduction target sought in international negotiations.
Canadian Prime Minister Stephen Harper says he will respect a new bill calling on the government to commit to its Kyoto obligation if the act actually becomes a law, Canadian media reported Thursday.
Canada's parliament passed a Liberal bill Wednesday night to ensure the country meets its Kyoto obligations by reducing greenhouse gas emissions six per cent below the 1990 level by 2012.
Canadian Prime Minister Stephen Harper yesterday announced his government would budget C$1.5 billion (nearly €1 billion) in new funding for provinces to battle climate change, with $350 million going to the French-speaking province of Quebec.
Representative Rick Boucher, chairman of the Energy and Air Quality Subcommittee of the US House's Energy and Commerce Committee, will introduce legislation to curb US greenhouse gases through a cap-and-trade programme, he told Point Carbon.
The threat of global warming is enough to spur all governments in Canada and the UnitedStates to have carbon dioxide (CO2) regulations in place by the end of the decade, according to a new report from CIBC World Markets.
The US and Canada alone can realize over $300 billion in annual, cost-effective energy savings.
February 8, 2010
EU leaders set for climate debate
February 2, 2010
US allocates $1.4bn for short-term climate finance
February 1, 2010
Canada lowers GHG reduction target
