A global market to help developing countries reduce greenhouse gas emissions by scaling back deforestation will only be effective if local communities are involved in the effort, reckons a policy associate at the Woods Hole Research Center (WHRC).
China is prepared to support Japan's proposal to set sectoral targets for greenhouse gas emissions after 2012, but remains unwilling to take on own targets, according to draft documents seen by Japanese media Friday.
Major Japanese trading house Itochu Corp. announced on Friday it will start trading UN-regulated carbon credits under the clean development mechanism (CDM) of the Kyoto protocol.
Camco, a London-listed company that pools carbon credits, said on Friday that its portfolio has barely increased in size over the past two months as it concentrated on getting UN approval for greenhouse gas reduction projects in which it has
New Zealand's leading business lobby and opposition party have urged the government not to rush in implementing its emissions trading scheme due to concerns about cost and adaptability to other emerging emissions trading markets.
The UK's Labour government "must act now and impose immediate moratorium on biofuel targets," a multi-party parliamentary committee said in a statement on Friday.
The UK government will hold a low carbon economy summit on the 25 and 26 June as part of a strategy to boost its share of the global green market, which it outlined today in a new report.
European carbon prices fell Thursday for the fifth consecutive session, with the 2008 EUA contract ending in the brokered OTC market at €23.60, down €0.35.
The Lieberman-Warner bill is preferable to the rivalling Bingaman-Specter cap-and-trade bill in the US Senate because its allowance allocation strategy would be better for consumers, according to a report released Thursday.
Up to 700 million carbon dioxide allowances could be given to emitters in Europe under a plan to kick-start the use of carbon capture storage (CCS), the European parliament's rapporteur for introducing the legislation will submit in his draft proposal
Amsterdam-based Asia Carbon Exchange (ACX) on Friday announced it had sold just above 750,000 UN-backed carbon offset credits on behalf of a European utility, with bids between €7.00-13.15.
Auto racing is the ultimate in gas-guzzling entertainment. But the prospect of paying $4 a gallon to get to the track has some fans reluctant to start their engines. Ticket sales have slipped just as May, the biggest month in
A group of farmers and hauliers are staging a demonstration outside the Stanlow Oil Refinery at Ellesmere Port in Cheshire over rising fuel prices. Up to 20 lorries are said to be backed up outside the plant and are being
The list of companies offering employees bicycles as a cleaner, cheaper way to get to work is about to grow. Children's Hospital and Regional Medical Center said Wednesday it plans to test such a program in mid-July. In exchange for
With oil hitting $120, there are some things about the energy markets that don't make much sense. Or maybe they do We've all heard the reasons why the price of oil is soaring. Pipeline attacks in Nigeria, mischief in Iran,
ABUJA, Nigeria - A workers' strike that slashed Nigeria's oil output ended Thursday and regular production will resume, the union behind the strike said. The head of the workers' bloc at an Exxon Mobil Corp. unit in Nigeria said members
Congressmen form both sides of the aisle point the finger at farmers for skyrocketing grocery prices, but oil prices are 'main culprit' says leader of National Farmers Union. NEW YORK (CNNMoney.com) -- Lawmakers heaped blame on farmers - and the
LONDON, England (CNN) -- Imagine a life where you cycle each morning to work, and come home at night to tend your allotment and eat a dinner of locally produced food. Maybe after your meal you take a walk down
ST. LOUIS — For more than a century, the Mississippi River has been one of the nation’s most important transportation corridors, a muddy, winding pathway for moving bulk commodities such as grain and coal and other goods. Now, a New
