BRUSSELS/LONDON, Oct 28 (Reuters) – Thirteen European
environment ministers urged the European Union on Monday to
adopt ambitious energy and climate goals for 2030 or risk
falling behind the rest of the world.
In a 40-page document released in Brussels, they also called
on the 28-nation bloc to reform the EU’s Emissions Trading
System (ETS) and said environmental action need not clash with
efforts to limit energy prices.
PRAGUE/LONDON (Reuters) – Southeast Europe is hoping increased natural gas exploration in the Black Sea will help cut its dependency on Russian supplies, but a gas bonanza remains elusive and Moscow is taking steps to defend its dominant position in the region.
Despite previous efforts, the Black Sea has so far not produced much gas because deep water and tough geology have required costly high-tech equipment.
PRAGUE/LONDON Oct 24 (Reuters) – Southeast Europe is hoping
increased natural gas exploration in the Black Sea will help cut
its dependency on Russian supplies, but a gas bonanza remains
elusive and Moscow is taking steps to defend its dominant
position in the region.
Despite previous efforts, the Black Sea has so far not
produced much gas because deep water and tough geology have
required costly high-tech equipment.
LONDON (Reuters) – The United States called on Tuesday for a more flexible approach to a new United Nations’ climate deal which balances the needs of all countries and has a better chance of success.
Two years ago, some 190 countries agreed to develop a pact to succeed the Kyoto Protocol which would force all nations to cut their greenhouse gas emissions. The deal is to be signed by 2015 and come into force in 2020.
LONDON (Reuters) – Global spending to combat climate change fell last year and remains far below the level needed to prevent its most dangerous effects, a report by the Climate Policy Initiative said on Tuesday.
Investment in renewable energy, energy efficiency and adaptation to climate change totaled $359 billion, $5 billion less than in 2011, as an economic slowdown hit state and private-sector budgets.
BRUSSELS/LONDON, Oct 14 (Reuters) – The European Commission
unveiled on Monday a list of 250 power and gas projects eligible
to share 5.85 billion euros ($7.93 billion) of funding as part
of plans to curb reliance on Russian gas and create a single
The funds will be shared among trans-European energy
infrastructure projects from 2014 to 2020 with the aim of
helping EU countries integrate their energy markets and
diversify sources of supply, the bloc’s executive arm said.
LONDON, Oct 9 (Reuters) – The world must eliminate emissions
from burning fossil fuels in the second half of this century to
lower the economic cost of climate change, the Organisation for
Economic Co-operation and Development (OECD) said on Wednesday.
Leading economist and climate change expert Nicholas Stern
has said that investment equivalent to 2 percent of global gross
domestic product a year is needed to limit and adapt to climate
LONDON (Reuters) – Britain should abandon plans to review its fourth carbon emissions budget next year, or at least promise not to weaken it, MPs said in a report on Tuesday.
Britain has set legally binding targets for greenhouse gas emissions over four five-year periods to 2027, known as carbon budgets, which aim to put it on track towards cutting emissions by 80 percent by the middle of the century.
LONDON, Sept 26 (Reuters) – Companies increasingly factor
extreme weather into their strategic planning and a report from
the United Nations due on Friday is expected to underscore the
heightened risks they face.
Extreme temperatures, droughts, and sea level rises will all
get worse unless governments make sharp cuts to greenhouse gas
emissions, the Intergovernmental Panel on Climate Change (IPCC)
summary report is expected to conclude.
LONDON (Reuters) – Producers of high-tech products from MRI scanners to semiconductors are breathing a sigh of relief after U.S. lawmakers acted on Thursday to prevent the shutdown of a 90-year-old helium reservoir in Texas.
The U.S. Senate vote was hardly a squeaker, at 97-2, to keep the Federal Helium Program running past its scheduled closure on October 7.