LONDON (Reuters) – European carbon prices should be at least twice their current value of just over 6 euros ($7.66) a metric ton (1.1023 tons) in order spur investment in cleaner technology, EU Energy Commissioner Guenther Oettinger said on Wednesday.
Europe’s recession and fiscal crisis has crippled prices in the European Union’s Emissions Trading System, meaning carbon prices are providing little incentive for utilities and other heavy polluters to move to greener production of electricity, steel or cement.
LONDON (Reuters) – British scientists have abandoned an experiment to test the possibility of spraying particles into the upper atmosphere to stem global warming, largely due to concerns over a patent for some of the technology, the project’s leader said.
Scientists and engineers from the universities of Bristol, Cambridge and Oxford are behind a three-year, 1.6 million pound ($2.5 million) geo-engineering project called Stratospheric Particle Injection for Climate Engineering (SPICE).
BRUSSELS/LONDON, May 15 (Reuters) – EU nations should pledge
that funds from paying for airline emissions will help poor
countries deal with global warming, the bloc’s climate chief
said on Tuesday, after finance ministers stopped short of a firm
Crisis in Greece and the euro-zone topped the agenda at the
ministers’ talks in Brussels, but they also agreed to text on
climate funding, which only promised hard cash until the end of
BRUSSELS/LONDON, May 15 (Reuters) – Carbon emissions in the
European Union’s Emissions Trading System (ETS) fell by more
than 2 percent in 2011 but an oversupply of permits key to
driving greener energy use
worsened, European Commission data showed on Tuesday.
The glut in pollution permits has grown to 900 million, data
showed, which could put further pressure on low carbon prices.
LONDON (Reuters) – Europe should focus on cutting carbon emissions, rather than just repeating an existing range of EU green policy targets that expire at the end of the decade, Britain’s energy and climate chief said on Monday.
Business, which needs investment certainty, has been heaping pressure on the European Commission to come up with policy to replace goals that expire in 2020.
WASHINGTON/LONDON (Reuters) – The shifting sands of geopolitics, marked by rapid growth of big, emerging economies such as Brazil and China while traditionally rich countries fall behind, could undermine progress to define sustainable development goals at a United Nations conference next month.
New divisions between old allies are adding to familiar disputes over finance and responsibility as preparatory talks in New York last week failed to find consensus, causing the United Nations to add an extra round of talks later this month.
LONDON (Reuters) – Rising carbon dioxide emissions will cause a global average temperature rise of 2 degrees Celsius by 2052 and a 2.8 degree rise by 2080, as governments and markets are unlikely to do enough against climate change, the Club of Rome think tank said.
Failing to tackle climate change in the first half of this century will put the world on a dangerous track to warming in the second half, even though global population should peak in 2042 at 8.1 billion and economic growth will be much slower than expected in mature economies, the Switzerland-based body said in a report on Tuesday.
LONDON (Reuters) – Plants are flowering faster than scientists predicted in response to climate change, research in the United States showed on Wednesday, which could have devastating knock-on effects for food chains and ecosystems.
Global warming is having a significant impact on hundreds of plant and animal species around the world, changing some breeding, migration and feeding patterns, scientists say.
LONDON (Reuters) – Some of the main proposals in a draft text for negotiation at a U.N. sustainable development conference next month are being watered down at informal talks in New York, observers said on Tuesday, heightening fears the summit will fail to deliver.
The Rio+20 summit in Brazil from June 20-22 is expected to draw more than 50,000 participants from governments, companies and environmental and lobby groups.
LONDON (Reuters) – Large wind farms might have a warming effect on the local climate, research in the United States showed on Sunday, casting a shadow over the long-term sustainability of wind power.
Carbon dioxide and other greenhouse gases from burning fossil fuels contribute to global warming, which could lead to the melting of glaciers, sea level rise, ocean acidification, crop failure and other devastating effects, scientists say.