DURBAN (Reuters) – The European Union said key developing states backed its roadmap for a binding pact to fight global warming, but warned U.N. climate talks could still collapse on Friday unless all major polluters came on board.
The EU plan sets a 2015 target date for a new deal that would impose binding cuts on the world’s biggest emitters of the heat-trapping gases, a pact that would come into force up to five years later.
DURBAN, South Africa (Reuters) – Support grew on Thursday for an EU plan to agree a global climate change pact with binding targets by 2015, after poor nations vulnerable to climate change forged alliances with developed countries.
The European Union said it was encouraged its “road map” to legally binding commitments by 2015 to cut greenhouse gas emissions was gaining traction at the talks, which are due to wrap up in the South African port of Durban on Friday.
DURBAN, South Africa (Reuters) – The United States denied on Thursday it was trying to delay a new global climate deal until 2020, saying it supported an EU proposal that aims to chart a path to a more ambitious pact to fight climate change.
Delegates from almost 200 countries have until Friday to decide whether to commit to signing up to an internationally binding climate deal by 2015, which would take effect from 2020.
DURBAN, South Africa, Dec 7 (Reuters) – Negotiators
are close to agreeing the shape of a Green Climate Fund, which
is designed to help poor nations tackle global warming and nudge
them towards a new global effort to fight climate change.
Rich countries have pledged up to $100 billion a year by
2020 to aid poor states most directly affected by rising global
temperatures to adapt their economies and protect themselves
from adverse weather.
DURBAN, South Africa (Reuters) – The world’s three biggest polluters China, the United States and India refused to move toward a new legal commitment to curb their carbon emissions Tuesday, increasing the risk that climate talks will fail to clinch a meaningful deal this week.
The European Union is leading efforts to keep alive the Kyoto Protocol, the world’s only legal pact to tackle climate change, with a conditional promise to sign a global deal that would force big emitters to change their ways.
DURBAN, South Africa, Dec 6 (Reuters) – The European
Union’s highest court is expected to give its final ruling on
Dec. 21 on a European law that would force all airlines to pay
for their carbon emissions, an EU source said on Tuesday.
The ruling was previously expected early next year.
“It will be on December 21 at 1100 CET (1000 GMT),” an EU
diplomatic source said at United Nations’ climate talks in
Durban, South Africa.
DURBAN, South Africa (Reuters) – Cash raised by the shipping industry’s efforts to cut carbon emissions might be directed to developing countries to help them tackle climate change, a draft document seen by Reuters showed at United Nations climate talks on Tuesday.
The text proposes that money raised by “specific actions” to reduce emissions from maritime bunker fuels, which may be designed and implemented by the International Maritime Organization (IMO), could be distributed to developing countries and used to finance climate adaptation through a Green Climate Fund.
DURBAN, South Africa (Reuters) – Economic crisis and the top three polluters China, the United States and India, loomed as obstacles to a new global deal at the start of a second make-or-break week of U.N. climate talks in the South African city of Durban.
After a first week of preliminary discussion, serious doubt hangs over the future of the Kyoto Protocol, whose first commitment period on tackling climate change expires at the end of next year.
LONDON, Nov 29 (Reuters) – Shares in firms set up to
profit from efforts to curb pollution traded near all-time lows
on Tuesday as the collapse of the carbon emissions market they
depend on raised concerns about their future.
London-listed Trading Emissions Plc and Camco
International back projects, often in poorer
countries, that are aimed at cutting greenhouse gases.
LONDON (Reuters) – Climate negotiators meeting in South Africa this week face fresh worries over saving the planet from global warming now that a ton of carbon trades at the price of a pizza.
A European steel plant producing a ton of steel pays as little as $12 for the resulting carbon emissions, spelling trouble for Europe’s carbon emissions trading scheme, the world’s largest.