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Dec 11, 2013

Heavy industry to challenge EU CO2 permit quotas

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
Dutch court.

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.

Nov 23, 2013

U.N. climate talks blocked as nations battle over finance

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.

Nov 23, 2013

U.N. climate talks blocked over aid, steps to 2015 deal

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.

Nov 22, 2013

Dispute over climate aid threatens UN talks in Warsaw

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.

Nov 20, 2013

Trade war ‘unavoidable’ if EU airline emissions plan blocked: lawmaker

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.

Nov 17, 2013

U.N. talks on new carbon markets break down

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.

Nov 15, 2013

Rich nations spurn call to use history to guide UN climate deal

OSLO, Nov 15 (Reuters) – The European Union and the United
States opposed on Friday a call by developing countries to
measure each nation’s historical responsibility for global
warming to guide a U.N. deal in 2015 to cut future greenhouse

Rich nations fear that any scientific study that might blame
rich nations most since they have burnt fossil fuels since the
Industrial Revolution could further delay sluggish U.N. talks.

Nov 15, 2013

Japan slashes greenhouse-gas reduction goal on nuclear shutdown

WARSAW/TOKYO (Reuters) – Japan on Friday drastically weakened its greenhouse-gas reduction target, bowing to the impact of a shuttered nuclear power industry but drawing international criticism at U.N. climate change talks.

The change in the carbon dioxide-emissions goal is a dramatic turnaround for a nation that had championed the earlier Kyoto treaty on climate change. But it was made inevitable when the nation’s 50 nuclear plants were closed in the wake of the March 2011 earthquake and tsunami, which wrecked the Fukushima facility northeast of Tokyo.

Nov 13, 2013

Global carbon market ‘toolbox’ in sight at U.N. climate talks

Warsaw (Reuters) – Governments want to launch a platform at United Nations climate talks to help set common standards and accounting rules and tie together national and regional emissions trading schemes, but developing countries and green groups warned that talk of a global carbon market is premature.

Almost 200 nations are in Poland for a November 11-22 meeting to plan a 2015 U.N. deal in Paris that would start to tackle climate change in 2021.

Nov 13, 2013

2013 is seventh hottest year, rising seas worsen typhoon

WARSAW, Nov 13 (Reuters) – This year is the seventh warmest
since records began in 1850 and rising sea levels caused by
climate change are aggravating the impact of storms such as
Typhoon Haiyan in the Philippines, the World Meteorological
Organization (WMO) said on Wednesday.

More greenhouse gases in the atmosphere meant a warmer
future, and more extreme weather, was inevitable, WMO
Secretary-General Michel Jarraud said in a statement during Nov.
11-22 climate talks among almost 200 nations in Warsaw.

    • About Michael

      "Michael Szabo is an environmental markets correspondent based in London, UK. His focus is on carbon emissions trading, but also looks at renewable energy and climate change policy and science. He also manages the Global Carbon Forum."
      Joined Reuters:
      June 2005
      English, French
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