LONDON, Nov 24 (Reuters) – The European Union’s
emissions trading scheme now needs rescuing, but only on new
terms which better address its main aims and eradicate some of
its failings, using a price floor.
The scheme, launched in 2005, is at a cross-roads, as carbon
prices plunge to record lows and the fact dawns on traders that
there may be no strong recovery for more than a decade.
LONDON (Reuters) – Rising temperatures are driving more frequent bouts of extreme weather which governments should heed with climate action even as the world economy teeters.
Global carbon emissions rose by a record amount last year rebounding on the heels of recession, showing the problem remains even when economies plummet.
LONDON, Nov 14 (Reuters) – The European Union wants
bio-energy use to rise by more than half by 2020 arguing that
the energy source is carbon neutral: the trouble is it isn’t,
and the target should in fact be scrapped.
Such a move would face huge opposition from farming,
forestry and energy lobbies and slow or reverse a multi-billion
-euro bio-energy industry in Europe.
LONDON, Oct 14 (Reuters) – Voluntary curbs on population
through improved education could ease poverty and environmental
pressures including carbon emissions but is ignored politically
as the world passes 7 billion people because of long-standing
Discussion of fertility rates is unpalatable to religious
institutions, for example opposed to contraception, and is often
viewed as a private matter by conservative governments.
LONDON, Oct 12 (Reuters) – The European Union’s efforts to
establish the full carbon emissions from burning bio-energy is
an all but impossible task which illustrates the difficulty of
trying to cut humankind’s environmental impact, which first has
to be measured.
The complexity of trying to link energy crops including corn
for ethanol on one side of the planet with carbon emissions on
the other is a tangled web of cause and effects which might
recall an equation in atmospheric physics.
LONDON (Reuters) – The European Union took a step closer on Thursday to limiting world airline carbon emissions, which may point towards wider border measures against high-carbon industries and countries given a void in international climate action.
The EU is the first jurisdiction to try and limit carbon emissions beyond its own borders, acting to shield the competitiveness of domestic airlines from participation in its own emissions trading scheme from next year.
LONDON, Oct 6 (Reuters) – The European Union took a step
closer on Thursday to limiting world airline carbon emissions,
which may point towards wider border measures against
high-carbon industries and countries given a void in
international climate action.
The EU is the first jurisdiction to try and limit carbon
emissions beyond its own borders, acting to shield the
competitiveness of domestic airlines from participation in its
own emissions trading scheme from next year.
LONDON, Oct 5 (Reuters) – European carbon permits, shorn of
fundamental drivers, have become a bet on recession and the
psychology of players including distressed polluters and
European Commission officials.
Prices have gradually neared levels seen in the 2009
recession and are down nearly 30 percent year-to-date,
under-performing almost all commodities.
LONDON, Sept 30 (Reuters) – Britain’s plan to raise speed
limits will make little difference to emissions but is
incompatible with setting demanding climate targets and
contradicts the government’s own advice.
The government’s Department for Transport (DfT) announced on
Friday that it wanted to raise the top limit on open roads to 80
miles per hour from 70 mph.
LONDON, Sept 29 (Reuters) – U.N. climate talks resume in
Panama next week but expect more action in Cape Town 10 days
later, where an informal panel will quietly agree the outlines
of a climate fund which could surpass lending by the World Bank.
Climate investors are taking an interest in the fund, which
has no money, reflecting the fate of a shrinking market in
carbon offsets which is now a rump of its size four years ago.