The auto industry faces a cap on carbon dioxide emissions from vans in the European Union from July 2013 or fines for each vehicle that fails to comply, a draft EU document shows.
Climate change could cut gross domestic product in countries at a high risk from weather catastrophes by up to a fifth by 2030 unless urgent steps are taken, a report said on Monday.
China will have to retool its engines of economic growth to help the world avoid increasingly dangerous levels of greenhouse gas emissions in coming decades, a leading expert on the economic impact of climate change said.
An Australian firm hoping to broker A$1.6 billion in carbon credit sales from saving tropical forests highlights the promise and peril of a U.N.-backed scheme that rewards projects for curbing deforestation.
The European Union outlined a scaled-back offer to help poor nations combat global warming on Thursday as some nations expressed gloom about prospects of a new U.N. climate deal in Copenhagen in December.
A drive to agree a U.N. climate pact in Copenhagen in December risks failure unless world leaders revive bogged-down negotiations at a U.N. summit in New York on September 22, experts say.
U.S. emissions of carbon dioxide, the main greenhouse gas blamed for global warming, should fall 6 percent in 2009 as the recession curbs electricity demand, the government forecast on Wednesday.
Prospects for a new U.N. climate pact in Copenhagen have brightened but negotiations must speed up to meet a December deadline, the head of the U.N. Climate Change Secretariat said on Tuesday.
Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday.
Japan's prime minister-elect said on Monday he will forge ahead with a tough 25 percent cut in emissions by 2020, despite growing opposition from industry which says the target will hurt the world's No. 2 economy.
Japan's prime minister-elect said on Monday he will forge ahead with a tough 25 percent cut in emissions by 2020, despite growing opposition from industry which says the target will hurt the world's No. 2 economy.
Environmentalists hope the push in Congress for climate change legislation is not overwhelmed by the debate dominating Capitol Hill over changing the U.S. healthcare system. But it might be.
Investment bank Barclays Capital has shifted its trading of U.S. Northeast carbon allowances to its London desk after a trader in New York left the company, the bank's head of environmental markets said.
Five states have asked U.S. Senate leaders to let them impose stricter limits on greenhouse gas emissions than what would be permitted under the climate legislation working its way though Congress, saying both levels of regulation are necessary to fight global warming.
Global rules on trade and investment in energy and energy services are needed urgently ahead of negotiations on a convention on climate change in Copenhagen this year, an industry body said on Tuesday.
Japan's Democratic Party, set to take power after a landslide election win on Sunday, has promised deep cuts in greenhouse gas emissions and more renewable energy use.
Research into clean energy technology should get a leading role in new U.N. climate pact ahead of ever tougher curbs on greenhouse gas emissions, a study said on Friday.
Adapting to the effects of climate change such as floods and droughts is likely to cost two to three times more than the United Nations estimates, a report said on Thursday ahead of a major U.N. summit in December.
Industrialized nations can deepen planned cuts in greenhouse gas emissions to shore up a U.N. climate treaty due in December but analysts say there are risks they will promise more than they deliver.
The White House budget update released on Tuesday still reflects a controversial Obama administration plan to combat global warming by auctioning all permits to emit greenhouse gases even though Congress has said it will give away a substantial portion to industry.
Uncertainty over Australian and New Zealand plans to cut carbon emissions is hurting businesses in both countries, undermining stock market valuations and raising financing risks, big Australasian firms said on Tuesday.
The U.S. Department of Energy said on Monday it has awarded $27.6 million of funding to evaluate the potential risks of storing carbon dioxide underground, which is seen as a way to control global warming.
