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.
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.