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.
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.
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.
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.
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.
David Fogarty, Climate Change Correspondent, Asia
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.
Darren Ennis
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.
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.
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.
The most anticipated climate meeting in years will be held in the Danish capital in December. Out of those talks a broader climate pact to replace the Kyoto Protocol is expected to emerge.
World leaders tried to inject momentum into climate change talks on Tuesday but new proposals by China and a rallying cry from U.S. President Barack Obama did little to break a United Nations deadlock.
A U.S. climate bill will cripple Texas's vital energy sector and damage the state and national economies, Republican Governor Rick Perry said on Tuesday.
The U.S. government will begin requiring big companies to monitor and report greenhouse gas emissions, officials said on Tuesday, a move that could make it easier for federal regulators to cut emissions if Congress does not pass a climate change bill.
When it comes to offsetting carbon footprints, European companies seek offsets sourced from far off, romantic countries, while North American firms prefer those generated by local clean energy projects, a survey found.
President Barack Obama Tuesday urged world action to fight climate change, saying a failure to tackle the problem could lead to an irreversible catastrophe in years to come.
Global climate talks are deadlocked on how to share the financial costs of fighting climate change, as world leaders meet at a U.N. summit in New York on September 22.
Following is a list of major meetings in the run-up to a climate talks in Copenhagen in December meant to agree a new pact to fight global warming.
China and the United States, the world's top greenhouse gas emitters, will try to ignite efforts on Tuesday to secure a U.N. global warming pact as worries grow of a dangerously close deadlock in talks.
Recession is set to cause the sharpest fall in world greenhouse gas emissions in 40 years, according to an estimate on Monday as world leaders gathered in New York to try to break deadlock on a new climate treaty.
China's President Hu Jintao may lay down a carbon intensity target for his country at a top level United Nations summit on Tuesday, experts said, as he seeks to show Beijing's commitment to fighting climate change.
