LONDON, Jan 13 (Reuters) – Europe’s metals sector is
gearing up for talks with the European Commission on plans to
start taxing its carbon emissions but at the same time prevent
factories and smelters from shutting shop or moving abroad.
Metals lobby group Eurometeaux, which is meeting with the
commission at the end of January, wants to persuade it to grant
the sector full exemption from the indirect carbon costs
embedded in electricity prices.
LONDON (Reuters) – A new molecule has been detected in the earth’s atmosphere which could help produce a cooling effect, scientists said, but it remains to be seen whether it can play a major role in tackling global warming.
The molecule can convert pollutants, such as nitrogen dioxide and sulphur dioxide, into compounds which can lead to cloud formation, helping to shield the earth from the sun, the researchers said.
LONDON (Reuters) – Leadership changes this year among some of the world’s heaviest polluting countries should not undermine progress towards setting up a new global legally binding climate deal by 2015, the United Nations’ climate chief said on Wednesday.
This year could see a sweeping change in national political leaders in large greenhouse gas emitters, including the United States, Russia, China and Japan, in elections or polls.
LONDON, Jan 10 (Reuters) – Camco International
saw a 27 percent rise in the number of California
carbon credits issued in the second half of last year as
participants geared up for the start of the U.S. state’s
emissions trading scheme, the low-carbon project developer said
in a trading update on Tuesday.
As of Jan. 6, Camco had 356,061 California carbon credits
under management, compared to 281,061 on July 28, 2011.
LONDON (Reuters) – High levels of carbon dioxide emissions in the atmosphere mean the next ice age is unlikely to begin for at least 1,500 years, an article in the journal Nature Geoscience said on Monday.
Concentrations of the main gases blamed for global warming reached record levels in 2010 and will linger in the atmosphere for decades even if the world stopped pumping out emissions today, according to the U.N.’s weather agency.
LONDON (Reuters) – The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.
Events such as the 2010 volcanic ash cloud, which grounded flights in Europe, Japan’s earthquake and tsunami and Thailand’s floods last year, have showed that key sectors and businesses can be severely affected if disruption to production or transport goes on for more than a week.
LONDON, Jan 6 (Reuters) – The global economy could
withstand widespread disruption from a major natural disaster or
attack by militants for only a week, a report by UK-based
think-tank Chatham House said on Friday.
The frequency of natural disasters, such as extreme weather
events, appears to be increasing and globalisation has increased
their impact, the report found.
BRUSSELS/LONDON (Reuters) – European Union lawmakers backed a proposal on Tuesday to allow the EU Commission to prop up record low carbon prices by withholding 1.4 billion carbon permits from the third phase of the EU Emissions Trading Scheme, making prices jump 30 percent.
Worsening prospects for the EU economy and a glut of permit supply have pushed benchmark EU Allowances (EUAs) down by more than 60 percent over the past six months to a record low of 6.30 euros ($8.20) last week.
LONDON (Reuters) – Over 190 countries secured a last-ditch deal on Sunday to save the planet from global warming, which should legally bind developed and developing countries to greenhouse gas emissions cuts.
Negotiations for the new deal will start next year, and it should be signed by 2015 at the latest, but the commitments will not take effect until after 2020.
LONDON (Reuters) – Carbon markets are still on life support after a U.N. climate deal agreed in South Africa on Sunday put off some big decisions until next year and failed to deliver any hope for a needed boost in carbon permit demand.
A package of accords agreed after marathon U.N. talks in Durban extended the 1997 Kyoto Protocol, the only global pact enforcing carbon cuts, allowing five more years to finalize a wider deal which has so far eluded negotiators.