EU council puts on pressure to speed up Doha Amendment

The European Council has taken steps to speed up the Doha Amendment to the Kyoto Protocol which they claim will take further steps in the fight against climate change. The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. It sets out binding reduction targets for 37 industrialised […]

Carbon emissions “highest in human history” in 2012

Carbon emissions were the “highest in human history” last year and by the end of 2013 could hit record levels. That’s according to new research by scientists in the UK, Norway and Germany released today which suggests emissions could hit 36 billion tonnes by the end of the year. They found carbon dioxide (CO2) emissions from […]

New Zealand rows back on carbon cutting target

New Zealand has plumped for a far less ambitious commitment to cutting its greenhouse gas emissions than it originally proposed. The Kiwi nation plans to reduce its emissions to 5% below 1990 levels by 2020, rather than the 10-20% cut it has previously hinted at. Announcing the news last week Climate Change Minister Tim Groser […]

DECC seeks views on proposed EU ETS penalty changes

The UK Government is seeking views on the proposed changes to regulations on simplifying the EU Emissions Trading System (ETS) penalties for businesses. The ETS was introduced in 2005 to help the EU meet its obligations to reduce greenhouse gas emissions by 8% below the 1990 level under the Kyoto Protocol – the first global […]

Georgia’s largest power plant to trade carbon credits

Finance from a London-based bank has helped Georgia’s largest hydro power plant sell carbon credits. The European Bank for Reconstruction and Development (EBRD) provided a total amount of $70 million since 1998 to upgrade all five units and increase the Enguri Hydro power plant’s operational capacity. The project is now registered under the Kyoto Protocols’ […]

Davey demands “more ambitious” carbon cuts from countries

UK Energy Secretary Ed Davey has called on countries around the world to “be more ambitious” about cutting emissions after the UN’s climate change talks in Doha nearly stumbled over the weekend. Last week’s talks had to be extended over the weekend after they were initially meant to finish on Friday, with reports of delegates […]

Emissions traders want action on low carbon price

Most businesses which have to pay for their carbon emissions on the EU Emissions trading scheme want action to bring up the price of allowances. A poll of businesses by the International Emissions Trading Association (IETA), the voice of firms from wide-ranging industries about carbon permits, found a majority were in favour of creating a […]

Australia ‘ready to join second Kyoto Protocol’

Australia is ready to join the second Kyoto Protocol agreement, yet another sign one of the world’s biggest carbon emitters is toughening up its attitude on climate change. The country’s Minister for Climate Change and Energy Efficiency Greg Combet announced his nation will sign up to the bipartisan 5% target for cutting carbon emissions by […]

UK leads Europe in carbon emissions cut

The UK cut the biggest greenhouse gas emissions than any other European country last year. That’s according to the European Environmental Agency (EEA), whose report shows a 6% or 36 million tonnes of carbon equivalent (Mt CO2) was reduced in 2011. The UK was followed by France (24 Mt CO2 or 5%) and Germany (17 […]

Russia won’t sign up to Kyoto refresher

Russia has confirmed it will not sign up to extended greenhouse gas targets in the UN’s Kyoto Protocol because it considers such a move “ineffective” according to its Foreign Ministry. A Foreign Ministry’s spokesman said yesterday the climate regime must be “truly universal”. Russia joins Canada and Japan in failing to adopt emissions targets beyond […]