LONDON, March 24 (Reuters) – Clean energy fund Trading
Emissions plc (TEP) said asset disposals and writedowns
related to the winding up of its business had helped push it
into a 19.2 million pound ($31.7 million) loss for the second
half of 2013.
Shares in London-listed TEP fell 8 percent to 14.62 pence on
Monday after the firm said its net asset value had fallen by 26
percent to 22.38 pence per share in the six months ended Dec.
LONDON/BRUSSELS March 12 (Reuters) – The European Parliament
on Wednesday backed a law to curb the use of “super” greenhouse
gases used in fridges and air conditioners, which have a global
warming potential thousands of times greater than carbon
Lawmakers meeting in Strasbourg, France voted 644 to 19 in
favour of a European Commission proposal to cut the use of
climate-harming hydrofluorocarbons, known as HFCs or ‘F-gases’,
by 79 percent below average 2009-2012 levels by 2030.
LONDON (Reuters) – The Brooklyn Nets topped the Atlanta Hawks 127-110 on Thursday in the NBA’s annual London match, a fixture which incoming NBA Commissioner Adam Silver says will remain on the league’s calendar.
The sport’s popularity has picked up since the British capital hosted the 2012 Olympic Games, and Silver said he was keen to continue a “fantastic experience”.
LONDON, Jan 8 (Reuters) – The European Commission has
proposed fast-tracking a plan to prop up carbon prices in the
EU’s Emissions Trading Scheme after member states on Wednesday
agreed to a withdrawal of as many as 400 million permits this
Member state officials approved rules governing how and when
900 million carbon permits can be withdrawn over the next three
years under the Commission’s so-called backloading plan, the
28-nation bloc’s executive said on its website.
LONDON, Dec 11 (Reuters) – Europe’s heavy industry is firing
a barrage of legal challenges to cuts in the carbon permits they
will get up to 2020 – subsidies worth over 4 billion euros ($5.5
billion) – with at least nine firms opening the assault in a
Companies including ExxonMobil, Dow Chemical
and Shell have challenged the Dutch government over
what they say is an under-allocation of carbon allowances by the
European Commission under the EU Emissions Trading Scheme (ETS),
which are given free to heavy industry.
WARSAW, Nov 23 (Reuters) – Talks to lay the foundations for
a new U.N. climate pact due in 2015 were deadlocked as they ran
into overtime on Saturday, with nations at odds over stepping up
finance for developing countries to ease the impact of global
The Warsaw meeting, which had been due to end on Friday, was
meant to lay the groundwork for creating the first climate
accord to be applicable to all nations by 2015, which would come
into force after 2020.
WARSAW (Reuters) – Almost 200 nations were deadlocked on Saturday over how to step up aid to ease the impact of global warming on developing nations as part of the foundations of an elusive U.N. climate accord due in 2015.
The Warsaw meeting, which had been due to end on Friday but extended into Saturday morning, had little to show after two weeks except for a deal on new rules to protect tropical forests, which soak up carbon dioxide as they grow.
WARSAW, Nov 22 (Reuters) – A dispute over how to raise cash
to help developing nations cope with global warming threatened
to derail U.N. climate talks in Warsaw on a final day on Friday,
despite a glimmer of progress in protecting carbon-rich forests.
Negotiators from almost 195 countries were also split at the
Nov. 11-22 talks over whether each country should simply decide
its own greenhouse gas cuts beyond 2020 or submit plans that
could then be reviewed by other governments.
LONDON (Reuters) – Failure by the European Union to soften a law to charge foreign airlines for their emissions will make an international trade war unavoidable, a German lawmaker steering the plan through the European Parliament said on Wednesday.
A law passed in 2009 charged all airlines for emissions for the full duration of their flights into and out of the bloc, but it was suspended last year amid complaints from countries including the United States, China and Russia and replaced with a scheme that applied only to routes wholly within the EU.
WARSAW (Reuters) – International negotiations on how to set up new carbon markets to cut greenhouse gas levels broke down over the weekend in Warsaw, sources said, after developing nations refused to progress the issue before rich nations increase efforts to cut their own emissions.
More than 9,000 delegates from almost 200 countries are gathered in the Polish capital for November 11-22 United Nations-sponsored meetings aimed at forging by 2015 a new treaty to fight climate change, which would enter into force after 2020.