CLIMATE CHANGE

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Governments keep hunting for cheap CO2 credits

The market for government-level emissions rights under the Kyoto Protocol is alive and well, mostly unfazed by the global economic downturn. Through the most opaque of the emissions trading schemes under the Kyoto climate change pact, nations comfortably below greenhouse gas targets can sell excess emissions rights to other countries in the form of credits called Assigned Amount Units (AAUs).

Study urges U.S.-China climate change summit

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The United States and China should hold a summit featuring an agreement on climate change, helping to create international support for a new global pact by the end of 2009, a former White House adviser said on Thursday.
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U.S. gives cap and trade boost for climate treaty

President Barack Obama's support on Thursday for a U.S. cap and trade scheme boosted expectations of a global carbon market under a new climate treaty, to be agreed this year to replace the Kyoto Protocol.
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Why is Tata Power silent on Mundra power plant?

By Sreekumar Raghavan MUMBAI: Why is Tata Power Co Ltd silent even as environmental groups have urged World Bank to rethink about funding the $4.5 bn 4000 MW ultra mega coal powered Mundra...
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Faulty ETS may help polluting generators: WWF

Commodity Online Warning that if the EU s Emissions Trading System (ETS) is not implemented properly it will spell negative impact, the WWF said that polluting electricity generators in Eur...
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EU-U.S. climate impasse easing

Europe toned down a clash with the United States over 2020 climate goals on the final day of U.N. talks in Bali on Friday, raising hopes of a deal to start negotiations on a new global warming treaty.
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EU and U.S. trade charges of blocking Bali talks

The European Union threatened on Thursday to boycott U.S. talks among top greenhouse gas emitting nations, accusing Washington of blocking goals for fighting climate change at U.N. talks in Bali.
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U.N.'s Ban urges 2009 deadline for climate deal

U.N. Secretary-General Ban Ki-moon urged the world on Wednesday to agree to work out a new climate treaty by 2009 but said it might be too ambitious to set goals for greenhouse gas cuts in Bali.
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Emissions cap for poor unlikely at Bali talks

The chance that developing countries would accept firm emissions-cutting targets receded on Friday, as U.N.-led talks to launch negotiations on a climate pact to succeed the Kyoto Protocol inched forwards.
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Gore calls for early climate pact

Nobel Peace Prize winner Al Gore urged governments on Friday to advance by two years a new treaty to curb greenhouse gas emissions instead of waiting until the Kyoto pact expires in 2012.
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Holy Smokes! World's worst polluters list is out!

World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
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U.N. says new report must spur climate change action

Governments must do more to fight global warming, spurred by a new U.N. scientific report and damage to nature that is already as frightening as science fiction, U.N. Secretary-General Ban Ki-moon said on Saturday.
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Singapore's Oculus agrees $410 mln reverse takeover

Oculus has entered into a reverse takeover agreement with waste recycling and carbon credit firm Aretae in a deal worth S$600 million ($410 million), the former contact lens maker said in a statement on Tuesday.
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Wealthy investing more in environment

Green -- not greed -- is good these days, especially if you're rich and want to be seen to care. Some clients are increasingly seeking environmentally friendly investments and ways to minimize their impact on the environment, their private bankers said at the Reuters Wealth Management Summit in Geneva.
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Indonesia seeks payout to save forests

Indonesia wants to be paid $5-$20 per hectare not to destroy its remaining forests, the environment minister said on Monday, for the first time giving an actual figure that he wants the world's rich countries to pay.
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EU clashes with U.S. over airline emissions trade

The European Union will press ahead with plans to include aviation in its emissions trading system despite United States' efforts through a U.N. body to discourage it, a spokeswoman for the EU executive said on Friday.
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Clean coal to qualify for Kyoto carbon offsets

Very efficient coal-fired power plants will be able to sell carbon offsets under the Kyoto Protocol, in an expansion of project eligibility under the carbon trading scheme, U.N. official Jose Miguez said.
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In pure Arctic air, signs of China's economic boom

In the apparently pure Arctic air, a research station on a Norwegian island mountain ridge finds tiny chemical traces from factories in Russia, pesticides in Israel or China's coal-fired power plants.

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