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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
gases.

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.

Nov 13, 2013

2013 so far seventh hottest year, more warming seen: WMO

WARSAW (Reuters) – This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon Haiyan in the Philippines aggravated by rising sea levels, the World Meteorological Organization (WMO) said on Wednesday.

A build-up of manmade greenhouse gases in the atmosphere meant a warmer future was now inevitable, WMO Secretary-General Michel Jarraud said in a statement on the sidelines of U.N. climate talks among almost 200 nations in Warsaw.

Nov 11, 2013

Philippine delegate fasts at climate talks to urge action after storm

WARSAW (Reuters) – The Philippine delegate at U.N. climate talks began a fast on Monday in protest at a lack of action on global warming that he blamed for fuelling a super typhoon that has killed an estimated 10,000 people in his country.

Delegates from almost 200 nations held three minutes’ silence to mourn victims of typhoon Haiyan, one of the most powerful storms ever recorded, at the start of November 11-22 talks to plan a U.N. deal in 2015 to slow climate change.

Nov 8, 2013

EU states reach breakthrough at carbon supply cut talks

BRUSSELS/LONDON, Nov 8 (Reuters) – European Union diplomats
on Friday agreed to begin talks on a legal text to slash permit
supply and prop up carbon prices in the bloc’s Emissions Trading
Scheme (ETS), marking a big step forward for the divisive
proposal.

Lithuania, current holder of the EU presidency, said member
states would start three-way negotiations with the European
Parliament and European Commission over the “backloading” plan.

Nov 8, 2013

EU to start negotiating law on removing CO2 permits

BRUSSELS/LONDON (Reuters) – EU diplomats on Friday agreed to begin talks on a legal text to slash permit supply and prop up carbon prices in the bloc’s Emissions Trading Scheme (ETS), marking a big step forward for the divisive proposal.

EU president Lithuania said member state officials would start negotiations with the European Parliament and the executive European Commission over the “backloading” plan, which seeks to delay the sale of 900 million carbon permits until later this decade.

Nov 6, 2013

UK watchdog says investors lose 24 million pounds in carbon credit scam

LONDON (Reuters) – Nineteen companies selling carbon credits have been shut in the past 15 months for bilking investors out of 24 million pounds ($38.7 million), British regulators said on Wednesday, warning more firms were trying to sell carbon as a viable option for private investors.

The UK Insolvency Service said more than 1,500 investors had been ripped off by the firms, which target mainly the elderly with high pressure sales techniques and promises of hefty returns of more than 40 percent.

Nov 6, 2013

FCA says investors lose 24 million pound in carbon credit scam

LONDON (Reuters) – Nineteen companies selling carbon credits have been shut in the past 15 months for bilking investors out of 24 million pounds, British regulators said on Wednesday, warning more firms were trying to sell carbon as a viable option for private investors.

The UK Insolvency Service said more than 1,500 investors had been ripped off by the firms, which target mainly the elderly with high pressure sales techniques and promises of hefty returns of more than 40 percent.

    • 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
      Languages:
      English, French
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