CLIMATE CHANGE

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U.S. presses ahead on climate bill

The Obama administration will press ahead with climate control legislation, despite difficult odds of passage before December's international summit on global warming.

Climate cooperation to help ties, Hu tells Obama

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Chinese President Hu Jintao has told his U.S. counterpart Barack Obama that closer cooperation on fighting climate change could help improve overall ties between the world's top two greenhouse gas polluters.

EU ministers plan to curb CO2 from planes, ships

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European environment ministers agreed a proposal on Wednesday to curb global emissions from planes and ships by 10 percent and 20 percent respectively over the next decade, two EU diplomats said.
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EU progress on carbon capture still too slow: RWE

The European Union is taking too long to get up to 12 carbon capture and storage demonstration plants operating by 2015, RWE npower's head of environmental strategy told a carbon conference on Wednesday.
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EU bogged down on Copenhagen climate stance

European Union states are struggling to agree on a common stance for a U.N. climate pact in Copenhagen in December, after leading the way among rich nations, draft documents indicated on Friday.
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Canada governments to fund second carbon project

The Canadian and Alberta governments said on Wednesday they will spend C$779 million ($756 million) on a carbon capture project planned by TransAlta Corp, their second such funding announcement in less than a week.
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Climate talks may go to last minute

The world may have to wait until the dying seconds of a U.N. climate summit in December for a global deal to channel business dollars into low-carbon energy, industry and analysts said on Wednesday.
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Push to exempt Australian farmers from carbon laws

Australia's government will be asked to exempt farmers from carbon trading in order to pass landmark emissions laws through parliament under changes being pushed by opposition lawmakers on Wednesday.
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UN panel head sees wiggle room for global climate deal

Despite fears of failure facing global climate change negotiations in December, the U.N. climate panel chief said on Wednesday it was still possible to agree a pact, including levels of emission cuts by rich nations.
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World needs big drive for carbon capture: IEA

The world needs to build 100 major projects for capturing and burying greenhouse gases by 2020 and thousands more by 2050 to help combat climate change, the head of the International Energy Agency said on Tuesday.
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Voluntary CO2 market not netting emissions cuts

The market for companies choosing to offset their carbon footprints is not achieving meaningful emissions cuts yet, market players said at a carbon industry conference in London on Tuesday.
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Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.
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Blue Source, Goldman in $12 million carbon deal

The president of carbon offset developer Blue Source said his company and Goldman Sachs Group have completed a transaction of carbon credits worth $12 million that he called the largest publicly announced U.S. offset deal.
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Carbon capture coal tech must be ready by 2019: U.S.

A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Coal is the world's single biggest source of carbon emissions, at 40 percent. Other sources included burning oil and natural gas, and deforestation and the production of cement.
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Rich nations need to ante-up in climate talks: U.N.

Poorer countries are helping shape a broader pact to fight climate change but their efforts are being stymied by rich nations' lack of commitment on finance and tougher emissions cuts, the U.N. said on Thursday.
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Chamber of Commerce CEO fights back at Apple

The U.S. Chamber of Commerce isn't taking Apple's resignation quietly after Apple announced on Monday it was quitting the organization because it disagrees with the chamber's policy on climate change.

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