The world should cut greenhouse gas emissions by 50 percent by 2050 from 1990 levels with the bulk of the reduction coming from rich countries, according to a draft proposal by Denmark, host of Dec 7-18 U.N. climate talks.
Primary market prices for carbon offsets generated by clean energy projects under the Kyoto Protocol fell to their lowest level since July, analysts IDEAcarbon said late on Friday.
Australia's key policy to fight global warming limped closer to defeat on Monday with parliament set to delay or reject the government's carbon emissions trade scheme, raising the chances of an early election.
Australia's major rivers are shrinking and farms are gripped by drought as scientists warn of climate change, but that has not convinced some skeptical politicians to back carbon-trade laws.
European carbon prices could soar in the next three years, pushing up electricity prices with them, unless electricity companies have greater access to future carbon permits, EU industry body Eurelectric said on Monday.
The White House gave a mixed reaction on Friday to China's plans to cut its carbon intensity levels, welcoming the proposal but saying the world would watch whether Beijing kept its promises to tackle climate change.
British Prime Minister Gordon Brown called Friday for the creation of a $10 billion a year fund to help developing countries battle climate change.
A top Chinese climate envoy said on Friday only emissions curbs carried out under its newly announced carbon intensity targets that have international financial support will be open to outside scrutiny.
Three little letters could spell big trouble for global climate change negotiations even after China, the world's biggest emitter of greenhouse gases, announced its first firm goals to curb emissions.
Prices for benchmark European Union carbon emission permits fell 2 percent on Friday, as traders viewed the previous session's gains as short-lived.
U.S. congress has begun investigating climate scientists whose emails and documents were hacked into to see if their global warming theories have misrepresented the truth behind the cause of climate change.
China is preparing to unveil a target to curb carbon emissions ahead of a major climate summit in Copenhagen next month, but experts and negotiators worry Beijing's much-anticipated figure may disappoint.
China has unveiled its first firm target to curb greenhouse gas emissions, laying out a carbon intensity goal on Thursday that Premier Wen Jiabao will take to looming climate talks as his government's central commitment.
The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.
Rich and poor states grouped in the Commonwealth and representing a quarter of the world's population hope to create critical momentum toward a global climate deal when they meet in the Caribbean this week.
Better home insulation and ventilation and using electricity instead of fossil fuels could reduce indoor pollution and save thousands of lives, especially in low-income countries like India, a study has found.
China will rate the success of the Copenhagen climate summit by the actual content of any deal reached, a top negotiator said on Wednesday, in Beijing's first hint it accepts there will not be a legally binding pact.
Buyers of offsets in the global voluntary carbon market are showing increased interest in so-called exotic and U.S. credits, market players said on Wednesday.
The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.
New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.
Any threat by the United States to slap fees on imports from countries it perceives as weak on cutting carbon emissions could hamper trade relations and delay international efforts to combat global warming.
California on Tuesday released draft rules for its landmark greenhouse gas cap-and-trade plan that will be the most ambitious U.S. effort to use the market to address global warming.
