About: CO2 targets Archives

  • Permit glut sparks talk of ‘carbon central bank’

    Climate change 02-05-2012

    Analysts say that any one-off EU clearing of the massive glut of carbon permits now clogging the Emissions Trading System (ETS) is likely to lead to a ‘central bank' or other policy tool to manage future imbalances.

  • Climate aid cash stumbles into tax haven debate

    Climate change 30-04-2012

    The use of middlemen to leverage private sector climate cash is putting investments at risk because of the rich world’s negligence in ensuring transparency and adequate monitoring, according to a new report by the European Network on Debt and Development (Eurodad).


  • Brussels sets ball rolling for carbon market intervention

    Climate change 20-04-2012

    A review of the Emissions Trading System (ETS) has been brought forward a year, offering “a golden opportunity” for a re-examination of the current rules to prop up the depressed carbon market, said Connie Hedegaard, the EU's Climate Action commissioner.

  • UK has vast shale gas reserves, geologists say

    Energy 18-04-2012

    Britain may have enough offshore shale gas to catapult it into the top ranks of global producers, energy experts now believe, and while production costs are still very high, new US technology should eventually make reserves commercially viable.

  • Europe maintains its wind speed despite Asia’s rise

    Energy 18-04-2012

    Developing countries such as India and Brazil will drive strong growth of wind energy in the next five years, according to the latest industry forecasts, but European firms still have the edge, says the head of Europe’s wind industry.

  • UK gas ‘fracking’ gets green light

    Brexit 17-04-2012

    Ministers have been advised to allow the controversial practice of fracking for shale gas to be extended in Britain, despite it causing two earthquakes and the emergence of serious doubts over the safety of the wells that have already been drilled.

  • EU report questions conventional biofuels’ sustainability

    Climate change 11-04-2012

    Conventional biofuels like biodiesel increase carbon dioxide emissions and are too expensive to consider as a long-term alternative fuel, a draft EU report says.

  • India to urge airlines to opt out of EU carbon scheme

    Climate change 21-03-2012

    India will urge its airlines not to take part in the European Union Emissions Trading System (ETS), a senior government official said, the latest salvo in the row over an EU law requiring all flights in and out of Europe to pay for their emissions.

  • OECD says emissions set to surge 50% by 2050

    Climate change 16-03-2012

    Global greenhouse gas emissions could rise 50% by 2050 without more ambitious climate policies, as fossil fuels continue to dominate the energy mix, the Organization for Economic Cooperation and Development (OECD) says in a new report.

  • Japanese envoy ties ‘nuclear phobia’ to plant closures

    Climate change 15-03-2012

    Nuclear plants have remained closed in Japan since the Fukushima disaster because of ‘nuclear-phobia’ among local communities, the Japanese trade envoy has told a meeting in Brussels.

  • UK wants 2030 renewable energy target scrapped

    Brexit 12-03-2012

    The UK government wants nuclear power to be given parity with renewables in Europe, in a move that would significantly boost atomic energy in Britain but downgrade investment in renewable generation, according to a leaked document seen by the Guardian newspaper.

  • VW’s U-turn on CO2 emissions shows green revamp

    Climate change 07-03-2012

    Volkswagen has stunned Brussels by reconsidering its fierce opposition to EU automobile emissions targets, and promising to reduce its carbon emissions to 120 grams of CO2 per kilometre by 2015, a full 10 grams below the EU’s target.