A looming government clampdown on CO2 emissions is about to confront an already embattled U.S. coal power industry with two stark options: capture carbon or die.
China on Monday distanced itself from proposals to delay a binding climate pact to 2010, but might be willing to sign up to a political deal at climate talks next month if it includes strong commitments from rich nations.
U.S. President Barack Obama said on Tuesday next month's climate talks in Copenhagen should cut a deal with immediate operational effect, even if its original aim of a legally binding pact is not achievable.
The benchmark contract for European Union emissions futures fell two percent on Tuesday, resuming last week's downward path after one day of gains, traders said.
Japanese steel makers now calculate carbon credits they have bought from abroad at 56 million tonnes of CO2 equivalent, a business lobby said on Tuesday, down 3 million tonnes from their previous estimate.
Climate talks host Denmark said on Tuesday it expected Washington to pledge deep cuts in greenhouse gas emissions to help rescue a deal at a December summit even though a full U.N. treaty is out of reach.
Two U.S. Senators on Monday unveiled bipartisan legislation aimed at doubling nuclear power in 20 years and increasing funding for research into low carbon sources of energy.
European carbon emissions futures rose slightly on Monday, unaffected by confirmation from world leaders that a legally binding climate pact will be delayed until 2010 or later.
Agreement in Copenhagen next month on a new pact to fight climate change will encourage long-term investors to move into firms better placed to cope with a likely and eventual rise in the cost of carbon emissions.
U.S. President Barack Obama and other world leaders on Sunday supported delaying a legally binding climate pact until 2010 or even later, but European negotiators said the move did not imply weaker action.
When President Barack Obama sits down with his Chinese counterpart next week to talk climate change, it is highly unlikely they will craft a definitive plan to tackle global warming.
U.N. negotiators will next month put farming onto the radar of climate regulations for the first time, but governments face aggressive lobbies and gaps in the science proving the extent of agricultural emissions.
The United States and Japan said they had agreed at a summit on Friday to expand cooperation in clean energy technologies in an effort to tackle climate change.
U.N. negotiators will next month put farming onto the radar of climate regulations for the first time, but governments face aggressive lobbies and gaps in the science proving the extent of agricultural emissions.
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World leaders are setting their sights on completing an international deal on combating global warming by the middle of next year, a U.N. official said
Japan's greenhouse gas emissions tumbled 6.2 percent last year in a new sign on Wednesday that recession is doing the job of cutting emissions while the world struggles toward a U.N. pact to combat climate change.
With little prospect of any new climate change initiatives emerging at an APEC meeting in Singapore this weekend, the climate agenda might instead focus on liberalizing trade in green goods and services.
The European carbon market is bracing itself for a storm as another wave of selling by industrial companies is anticipated at the end of December or early January.
The world will have to spend an extra $500 billion to cut carbon emissions for each year it delays implementing a major assault on global warming, the International Energy Agency said on Tuesday.
Britain's Trading Emissions and Leaf Clean Energy are in early merger talks in a move that would create the largest carbon-focused company listed in London.
Japan is expected to report as early as this week that its greenhouse gas emissions sank last year, the first year of its Kyoto Protocol obligations.
Rich countries and developing nations fought over climate change on Saturday, failing to make progress on financing ahead of a major environmental summit in Copenhagen next month.
