BONN (Reuters) – A yearly review of countries’ greenhouse gas emissions cut pledges under an extension to the global climate pact the Kyoto Protocol could be a way to raise climate ambitions, the European Union’s lead climate negotiator said on Wednesday.
Negotiators from over 180 countries are meeting in Bonn, Germany, until Friday to work towards getting a new global climate pact signed by 2015 and to ensure ambitious emissions cuts are made after the Kyoto Protocol expires at the end of this year.
By Ben Garside and Nina Chestney
BONN, May 22 (Reuters Point Carbon) – A row over planning how to bind all emitters under a global climate pact from 2020 at U.N. climate talks in Germany is blocking negotiations to deepen nearer term emission cuts and raise cash to help poor countries cope with a warming planet, the EU said Tuesday.
Delegates have failed to start work on a new Durban Platform negotiation track after four days of talks in Bonn spent arguing over an agenda to organize work this year and appoint a chair to steer the process.
BONN, Germany (Reuters) – Reluctance to raise ambitions to cut greenhouse gas emissions due to economic constraints is threatening progress towards limiting global warming, delegates at United Nations’ climate talks in Germany warned on Monday.
The talks in Bonn, which end on May 25, are partly to discuss ways of raising the level of ambition on cuts but the worsening eurozone crisis and battered global economy have increased reluctance to commit to more financially onerous cuts by the end of the decade, delegates told Reuters.
LONDON (Reuters) – The chance of limiting the rise in global temperatures to 2 degrees Celsius this century is getting slimmer and slimmer, the head of the International Energy Agency warned on Wednesday.
“What I see now with existing investments for plants under construction…we are seeing the door for a 2 degree Celsius target about to be closed and closed forever,” Fatih Birol, the IEA’s chief economist, told a Reuters’ Global Energy & Environment Summit.
LONDON (Reuters) – Countries which agreed to sign a deal in 2015 to cut greenhouse gas emissions should set milestones this year to ensure the necessary work is done on time, the United Nations’ climate chief said on Wednesday.
Last year’s U.N. climate talks in Durban, South Africa, agreed a package of measures which would eventually force all the world’s polluters to take legally binding action to slow the pace of global warming.
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.