Senior Environmental Markets Correspondent
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Jun 7, 2011

Island states hint at climate talks compromise

BONN, Germany (Reuters) – Small island states, at risk from rising seas due to climate change, hinted on Tuesday at a compromise in order to kick-start U.N. talks on reaching a binding deal to curb global warming.

The Alliance of Small Island States (AOSIS), which represents 43 countries, said it could consider pledges on emissions cuts made voluntarily by rich nations if they were made into legally-binding targets.

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.

    • 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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