Policing carbon markets
Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges when compared
Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges when compared
Negotiations in the US House of Representatives on how to cut industrial pollutants that cause global warming reach a critical stage this week as President Barack Obama huddles with key lawmakers on Tuesday and Republicans ready for a fight.
The US steel industry, hard hit by the global recession, urged Washington Monday to enforce trade laws against foreign dumping and warned THAT climate change legislation will further hurt domestic steelmakers. "We need to make Washington stand tough on trade laws," said James Wainscott, chairman, president and chief executive of AK Steel Holdings.
The Australian government delayed on Monday its much-vaunted carbon-emissions trading plan by a year, bowing to industry demands for more relief in a recession while opening the door to an even deeper long-term reduction.
Paul Krugman An Affordable Salvation, by Paul Krugman, Commentary, NY Times: The 2008 election ended the reign of junk science in our nation
Paul Krugman An Affordable Salvation, by Paul Krugman, Commentary, NY Times: The 2008 election ended the reign of junk science in our nation
The world is running up huge ecological debts, just as it has run up huge financial debts. Neither is sustainable. Leaders cannot successfully put capitalism back together again without at the same time fixing the greatest single consequence of unsustainability
In the debate over mandatory policy to reduce the United States
The carbon market doubled to $126bn, but the value of transactions financing project-based emission reductions fell 12% to $6.5bn in 2008. Difficulties in getting financing for projects during the financial crisis, regulatory delays and the market's uncertain future caused the drop. World Bank is working to deepen the reach of the carbon market with two new facilities.
Democrats in Congress worked on Thursday to win over US lawmakers sceptical of climate change legislation, while climate leader California took another major step with low-carbon rules on fuels that could be copied nationwide.
Global warming activist Al Gore on Friday urged passage this year of a US law to slash greenhouse emissions, saying failure to pass legislation could cause the collapse of world climate negotiations.