LONDON, April 17 (Reuters) – More banks and trading houses
could abandon Europe’s carbon market, making government auctions
of permits more likely to fail, after the European parliament on
Tuesday rejected an emergency measure to prop up prices.
Prices for EU carbon permits under the Emissions
Trading Scheme (ETS) fell 40 percent to under 3 euros on Tuesday
after lawmakers rejected a plan to temporarily cut permit supply
by 15 percent for fear that higher carbon prices would cost
European jobs and harm economic growth.
LONDON (Reuters) – The development of low-carbon energy is progressing too slowly to limit global warming, the International Energy Agency (IEA) said on Wednesday.
With power generation still dominated by coal and governments failing to increase investment in clean energy, top climate scientists have said that the target of keeping the global temperature rise to less than 2 degrees Celsius this century is slipping out of reach.
BRUSSELS/LONDON, April 16 (Reuters) – EU politicians on
Tuesday hold a decisive vote on a plan to reduce a glut of
allowances that has devastated the EU Emissions Trading Scheme
(ETS), the world’s biggest carbon market.
Following months of bitter debate, the vote in a plenary
session of the European Parliament at around midday (1000 GMT)
is expected to be extremely close.
LONDON/BRUSSELS, April 10 (Reuters) – Europeans no longer
see the kind of pollution that within living memory killed
thousands of Londoners in the Great Smog of 1952, but the air
they breathe still bears invisible threats scarcely less deadly,
and little more controlled.
While attention is given to curbing the carbon dioxide (CO2)
emissions blamed for global warming, substances more directly
harmful to human health, notably nitrogen oxides, are pumped out
of diesel engines and from European power stations burning coal
that is getting cheaper as Americans exploit new gas reserves.
BRUSSELS/LONDON, April 9 (Reuters) – Months of bitter
argument culminate next Tuesday in a make-or-break vote on an
attempt to prop up the European Union carbon prices, which
plunged to record lows earlier this year.
A proposal put forward by the European Commission last year
to remove temporarily some of the glut of carbon allowances that
has depressed the Emissions Trading Scheme (ETS) was meant to be
a quick and easy fix.
LONDON, April 8 (Reuters) – Global seaborne trade will more
than double by 2030 as China’s rapidly growing economy fuels
demand for commodities, a report by ship classifier Lloyd’s
Register, defence technology firm Qinetiq and the University of
Strathclyde showed on Monday.
World seaborne trade will reach between 19 and 24 billion
tonnes a year by 2030 compared to the current 9 billion tonnes
now, the report entitled “Global Marine Trends 2030″ showed.
LONDON, April 8 (Reuters) – Turbulence on transatlantic
flights will become more frequent and severe by 2050 as carbon
dioxide emissions rise, leading to longer journey times and
increased fuel consumption, British scientists said in a study
Any air traveller has probably experienced turbulence. It
can happen without warning and is caused by climate conditions
such as atmospheric pressure, jet streams, cold and warm fronts
LONDON, March 21 (Reuters) – China will have to raise up to
$243 billion a year by 2020 to finance clean energy development,
said a report commissioned by Beijing which will be presented to
the government this month.
Premier Li Keqiang this month pledged more action in
tackling China’s heavy pollution which sparked public anger this
LONDON (Reuters) – The government has reduced to two from four the number of proposed carbon capture and storage (CCS) projects it will consider for 1 billion pound in funding, Chancellor George Osborne said in his budget statement on Wednesday.
The two preferred bids are Shell and SSE’s 1,180-MW combined cycle gas plant in Peterhead, Scotland, and Drax’s 304-MW coal plant in North Yorkshire.
LONDON (Reuters) – The British government has reduced to two from four the number of proposed carbon capture and storage CCS.L projects it will consider for 1 billion pound in funding, Finance Minister George Osborne said in his budget statement on Wednesday.
The two preferred bids are Shell (RDSa.L: Quote, Profile, Research) and SSE’s (SSE.L: Quote, Profile, Research) 1,180-MW combined cycle gas plant in Peterhead, Scotland, and Drax’s (DRX.L: Quote, Profile, Research) 304-MW coal plant in North Yorkshire.