CLIMATE CHANGE

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UN panel head sees wiggle room for global climate deal

Despite fears of failure facing global climate change negotiations in December, the U.N. climate panel chief said on Wednesday it was still possible to agree a pact, including levels of emission cuts by rich nations.

World needs big drive for carbon capture: IEA

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The world needs to build 100 major projects for capturing and burying greenhouse gases by 2020 and thousands more by 2050 to help combat climate change, the head of the International Energy Agency said on Tuesday.

Voluntary CO2 market not netting emissions cuts

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The market for companies choosing to offset their carbon footprints is not achieving meaningful emissions cuts yet, market players said at a carbon industry conference in London on Tuesday.
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Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.
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Carbon capture coal tech must be ready by 2019: U.S.

A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Coal is the world's single biggest source of carbon emissions, at 40 percent. Other sources included burning oil and natural gas, and deforestation and the production of cement.
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Rich nations need to ante-up in climate talks: U.N.

Poorer countries are helping shape a broader pact to fight climate change but their efforts are being stymied by rich nations' lack of commitment on finance and tougher emissions cuts, the U.N. said on Thursday.
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Chamber of Commerce CEO fights back at Apple

The U.S. Chamber of Commerce isn't taking Apple's resignation quietly after Apple announced on Monday it was quitting the organization because it disagrees with the chamber's policy on climate change.
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Mexico calls U.S. a stumbling block in U.N. climate talks

The United States came under pressure to show leadership in U.N. climate talks on Wednesday with Mexico saying its neighbor is a stumbling block in efforts to try to craft a tough global climate agreement by December.
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U.S. stumbling block in U.N. climate talks: Mexico

The United States came under pressure to show leadership in U.N. climate talks on Wednesday with Mexico saying its neighbor is a stumbling block in efforts to try to craft a tough global climate agreement by December.
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Major developing nations must peak CO2 by 2020: IEA

Carbon emissions from a group of richer developing nations including Russia, China, Brazil and the Middle East must stop growing by 2020 to control global warming, the International Energy Agency said on Tuesday.
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Obama orders federal government to cut emissions

U.S. President Barack Obama ordered federal agencies on Monday to set a goal within 90 days for cutting their greenhouse gas emissions by 2020, the White House said, aiming to lead by example in fighting climate change.
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Rich nations trying to kill Kyoto pact, says China

China and a top G77 official accused rich nations on Monday of trying to kill off the Kyoto Protocol, the U.N.'s main weapon in the fight against global warming, as nations try to craft a broader climate pact.
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World needs CO2 budget to limit warming: WWF

The world is in danger of spending its carbon budget by about 2025 and risks temperatures rising beyond 2 degrees Celsius unless nations adopt a flexible carbon accounting system, conservation group WWF says in a report.
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Climate talks stall on targets, finance

Efforts to convince rich nations to toughen emissions cuts have failed to make much headway at climate talks in the Thai capital, the U.N. said on Friday.
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Climate change to cost poor states $100 billion a year

Developing countries will need to spend as much as $100 billion annually for the next 40 years to adapt to more extreme and severe weather changes, according to a World Bank study issued on Wednesday.
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Biggest California forest owner enters carbon trade

The largest private forest owner in California, Sierra Pacific Industries, is entering carbon markets with a deal to preserve redwoods and other trees and sell credits for soaking up greenhouse gases to power companies and investors, the company said on Wednesday.
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Investors eye forest CO2 market, climate pact key: poll

Investors such as UBS, Citigroup and Blackrock back a potentially multi-billion dollar carbon credit market centered on saving forests but regulations and cash were needed to build a market first, a survey has found.
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Promises? Leaders must act to spur climate talks

World leaders pledged last week to step up efforts to reach a U.N. deal to fight climate change, but they will have to match rhetoric with rapid action to break a crippling deadlock before a December deadline.
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EU seen missing 2015 carbon capture goal

The European Union's ambition to lead the fight against climate change faces a setback as its target of rolling out full-scale carbon capture and storage plants by 2015 is increasingly seen by experts as unrealistic.
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U.N. climate summit dims hopes for Copenhagen pact

A summit of world leaders has dimmed hopes for a strong new U.N. climate pact to replace the Kyoto Protocol in Copenhagen in December, with details looking ever more likely to be left for 2010.

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