CLIMATE CHANGE

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Encouraging signs for cash at climate summit: U.N.

A U.N.-led drive to raise cash to help poor nations cope with global warming is looking fairly encouraging, three days before a 190-nation climate conference, the U.N.'s top climate official said on Friday.

Rich/poor rift dents hopes for U.N. climate talks

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After two years of work, and 12 years after their last attempt, 190 nations gather in Copenhagen from Monday to try to avert dramatic climate change -- what one minister called the most difficult talks ever embarked upon by humanity.
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Leaked emails trigger controversies in global climate change

The director of a U.K research unit has said he is standing down from his post after hundreds of private e-mails were published on the internet when a computer hacker breached the security of the CRU database in November and stole numerous materials that are skeptical about climate change.
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India to slow greenhouse growth in step to UN deal

India set a goal on Thursday for slowing the growth of its greenhouse gas emissions, the last major economy to offer a climate target four days before the start of U.N. talks on combating global warming.
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Probe into ClimateGate Scandal to begin

The British university caught in the center of what climate skeptics are calling ClimateGate, said on Thursday it's called an outside reviewer to lead the investigation. Ex-civil servant Sir Muir Russell will head the probe into the hacked e-mails and documents from the University of East Anglia Climatic Research Unit (CRU) in the UK last month.
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EU carbon up as banks buy ahead of summit

The benchmark price for European Union carbon emissions futures rose almost 3 percent toward a three-week high on Thursday as banks increased buying ahead of a U.N. climate summit next week, traders said.
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Q+A: How do carbon trading schemes work, or not work?

Australian Prime Minister Kevin Rudd will reintroduce legislation for a cap and trade scheme to cut the country's carbon emissions, he told reporters on Thursday, in the hope of pushing the stymied laws through a hostile senate.
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Big developing states reject Copenhagen climate plan

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said on Wednesday.
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EU carbon prices pause after 2 pct rally

European Union carbon emissions futures paused for breath on Wednesday, after a two percent rally in the previous session. EU Allowances (EUAs) inched down 4 cents or 0.30 percent to 13.45 euros ($20.27) a tonne at 1209 GMT with light volume at 1,090 lots.
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Investor brains target smart climate finance

Smart financing can multiply limited public funds to fight climate change, say investors targeting a financing gap and a major stumbling block for the world to agree a new climate deal.
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U.N. panel to rule on finance for 7 China wind farms

A United Nations climate panel will rule this week on whether seven Chinese wind farms are eligible for climate financing, worth around 36 million euros ($54.3 million), the panel's chair told Reuters on Wednesday.
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FACTBOX: Australia's failed carbon trading scheme

Australia's parliament rejected laws to set up a sweeping carbon emissions trade scheme on Wednesday, scuttling a key policy of Prime Minister Kevin Rudd and setting a trigger for an early 2010 election. Here are some facts about how the failed carbon-trade scheme would have looked.
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British Climate Scientist in hacked email controversy to step down

A British Climate Scientist, one of the central figures in the climategate controversy over emails and other sensitive data published by hackers, has announced that he will step down as Director of the Climate Research Unit. The university said in a statement that Phil Jones would relinquish his position as director of Climatic Research Unit (CRU) until the completion of an independent review.
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Climate Scientist in hacked email scandal to step down

A research director, one of the central figures in the controversy over hacked e-mails from the University of East Anglia's Climate Research Unit announced Tuesday that he is stepping down while the university investigates the incident.
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Australia carbon scheme immaterial to world prices

Defeat of Australia's emissions trading plans may temporarily dent political momentum ahead of next week's U.N. climate talks, but succeed or fail, the scheme is unlikely to affect global carbon prices until at least 2013.
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Coal concerns lead US climate bill challenges

For anyone trying to understand why the United States is having such a hard time joining an international effort to combat global warming, a short drive west from Washington to one of the smaller states in the country might explain a lot.
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EU carbon futures rise as oil firms

The benchmark contract for European Union carbon emissions futures rose two percent on Tuesday after a fairly steady morning's trade as oil prices firmed, traders said.

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