CLIMATE CHANGE

Big developing states reject Copenhagen climate plan

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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.

EU carbon prices pause after 2 pct rally

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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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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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Knight Capital Group opens emissions trading desk

U.S.-based liquidity provider Knight Capital Group has opened an emissions trading desk, with Daniel G. Braun appointed head of carbon trading, the company said on Tuesday.
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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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World carbon emissions overshoot budget: PwC

The world has emitted extra greenhouse gases this century equivalent to the annual totals of China and the United States above a maximum for avoiding the worst of climate change, a study estimated Tuesday.
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Europeans could save planet for $3 a day: study

Europeans could help cut climate warming emissions to much safer levels for just 2 euros ($3) each per day, but they would also have to cut back on driving and meat eating, a report said Tuesday.
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EU carbon steady; ignores Aussie scheme threat

The benchmark contract for European Union carbon emissions futures were steady on Tuesday, ignoring the threat of a blocks to an Australian emissions trading scheme, traders said.
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Forest carbon scheme hopes for green light in Copenhagen

While nations bicker over the size of emissions cuts and climate funds, saving forests has turned out to be among the least contentious issues in U.N. climate talks and has achieved the most progress.
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Coal concerns lead U.S. 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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Big developing countries form climate change front

A clutch of major emerging economies including China and India have forged a united front to put pressure on developed countries at next month's climate change negotiations in Copenhagen.
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China climate goal faces test of trust

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.
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CO2 trade pointless versus China growth-trader

Trade in permits to pollute is largely pointless when compared with the scale of growth in greenhouse gases in China and must be scaled up, one of the carbon market's most senior traders said on Monday.
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Exclusive: Danish draft urges 50 pct emission cut by 2050

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.
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Primary CER carbon prices near 6 mth low: analysts

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.
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Australia's carbon laws face delay, poll possible

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.
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Australian climate row highlights Copenhagen rifts

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.
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Carbon, power prices may soar by 2013 -Eurelectric

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.
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U.S. says world analyzing China's climate goals

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.
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China says no emissions checks without foreign funds

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.

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