Senior Environmental Markets Correspondent
Gerard's Feed
Jun 7, 2011

Food demand eating into tropical forests: report

BONN, Germany (Reuters) – Slowing deforestation and greater awareness of the value of standing trees may come too late to save the world’s biggest rainforests, according to a global assessment of tropical forests published Tuesday.

Tropical forests are threatened by pressures to clear land to produce food and biofuels and to plant fast-growing trees for timber, wood fuel and paper.

Jun 7, 2011

Food demand eating into tropical forests: report

BONN, Germany (Reuters) – Slowing deforestation and greater awareness of the value of standing trees may come too late to save the world’s biggest rainforests, according to a global assessment of tropical forests published Tuesday.

Tropical forests are threatened by pressures to clear land to produce food and biofuels and to plant fast-growing trees for timber, wood fuel and paper.

Jun 6, 2011

UN says climate talks will miss Kyoto deadline

BONN, Germany (Reuters) – U.N. talks have run out of time to meet a December 2012 deadline to put in place a binding successor to the Kyoto Protocol on curbing greenhouse gas emissions, the U.N.’s top climate official said on Monday.

After more than three years of talks, Christiana Figueres said countries could not agree in time a full deal to follow on from Kyoto targets, which bind nearly 40 industrialized nations to emissions cuts in 2008-2012.

Jun 5, 2011

World Bank to suggest CO2 levy on jet, shipping fuel

BONN, Germany (Reuters) – The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G20 governments later this year on raising climate finance, a senior official said on Sunday.

Developed countries have already written off chances of agreement on a new binding deal at a U.N. conference in Durban this year, placing a new focus on piecemeal efforts including fund-raising.

Jun 2, 2011

Climate action faces legal gap, no deal this year

LONDON/OSLO (Reuters) – The world will again fall short of a full climate deal this year, after two past attempts, say developed countries which want a narrower focus on forests and funds at resumed U.N. talks next week.

A fresh postponement will all but end hopes of a binding U.N. deal to succeed the Kyoto Protocol before its present round expires at the end of 2012, leaving a legal gap and possible makeshift arrangements for years.

Jun 1, 2011

Japan makes “every effort” on climate after quake

LONDON (Reuters) – Japan will still try to meet its binding emissions targets under the Kyoto Protocol despite the earthquake in March that set back its nuclear sector, a key source of low-carbon energy, a senior government official said.

Japan, one of nearly 40 countries that committed to cut greenhouse gas emissions from 2008-2012 under Kyoto, has to contend with the unexpected impact of the quake and a tsunami that has shut down most of its low-carbon nuclear power.

Jun 1, 2011

Rich nations say on track with $30 billion climate aid

OSLO/LONDON (Reuters) – Earthquake-hit Japan and many other rich nations are reaffirming pledges to give $30 billion from 2010-12 to help poor nations fight climate change despite budget cuts, a Reuters survey showed on Wednesday.

Climate aid has totaled $16.2 billion since January 2010, according to submissions to the United Nations by a May deadline. Poor nations have said much of the cash is from existing programs and is not new as promised.

May 26, 2011

Micro-power presents slow-burn threat to utilities

MADRID/LONDON (Reuters) – A wide rollout of small-scale renewable energy poses a long-term challenge to utilities as households switch to home generation and the supply market opens, executives at green specialists and independents say.

Small-scale renewable energy is more accessible to new entrants compared with the forward purchase of huge amounts of baseload generation from burning fossil fuels, which is the routine business of big utilities.

May 25, 2011

Green fund targets energy, distressed CO2 assets

LONDON (Reuters) – Carbon traders on Wednesday launched a fund targeting markets in carbon credits and renewable energy aiming to exploit market turbulence and government incentives respectively.

Carbon markets allow industrial companies to buy rights to pollute, and appear more risky after the United States last year failed to launch a federal scheme and as U.N. climate talks remain deadlocked on a new round of national carbon caps.

May 23, 2011

UK green bank to start lending from April 2012

LONDON, May 23 (Reuters) – Britain’s Green Investment Bank
(GIB) will start lending money to fund low-carbon energy
projects from April 2012, a year earlier than initially planned,
Deputy Prime Minister Nick Clegg said.
“Possible early priorities for the bank are offshore wind,
waste, and non-domestic energy efficiency,” Clegg said in a
speech to the Climate Change Capital advisory group in London on
Monday.
The bank is also set to borrow money from April 2015
onwards, provided that national debt starts falling as a
percentage of Britain’s Gross Domestic Product (GDP).

Britain needs to invest around 200 billion pounds ($324
billion) by 2020 in greener technologies so it can meet targets
to reduce greenhouse gas emissions by 34 percent below 1990
levels and generate 15 percent of energy from renewables.

    • About Gerard

      "Based in London, for four years I have helped coordinate Reuters global coverage of green business and environmental markets. I focus on policies and investment related to renewable energy, carbon markets, energy efficiency and emerging clean technologies including electric cars. I also cover UN climate negotiations, biodiversity, land use and climate science. Previously I covered distressed M&A and credit markets on the corporate finance desk."
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