All nations will suffer the effects of a warmer world, but the world's poorest countries will suffer most from food shortages, rising sea levels, cyclones and drought, the World Bank’s new report on climate change says.
EU Climate Commissioner Connie Hedegaard has heartily endorsed a decision by Australia to sign up to a second round of emissions reductions under the Kyoto Protocol, which expires at the end of this year.
EU environment ministers abandoned plans on Friday (26 October) to limit excess supply of Kyoto-era carbon credits on the world’s markets after seven eastern European states backed Poland’s opposition to the measure.
The European Commission has proposed an Emissions Trading System (ETS) ban on €440 million of Kyoto-era carbon credits from non-EU countries such as Russia, which have not signed up to a second Kyoto commitment period.
Where the EU has otherwise been a trendsetter in international negotiations, it is most unfortunate that even California seems to have outpaced the EU on the balanced and equal integration of developing world forests into the carbon trading framework, argue David Ellison, Hans Petersson and Mattias Lundblad.
China is considering price control mechanisms and tightly regulated markets for its emissions trading schemes (ETS) in a bid to avoid the price volatility and scandals that have hit Europe's ETS, as surveys show the country has reached European per-capita emission levels.
While the EU is discussing the further steps to Europe’s 'greener economy' as a way to emerge from the financial crisis, its energy dependency on 'dirty fuels' has failed to be addressed, writes Elena Gerebizza of the Campaign for the Reform of the World Bank.
An EU scheme that charges airlines for carbon emissions is "a deal-breaker" for global climate change talks, India's environment minister said, hardening her stance on a scheme that has drawn fierce opposition from non-EU governments.
Massive state subsidies are "squeezing out" European wind and solar companies from China’s renewables market, the head of EU Trade Commissioner Karel De Gucht’s cabinet has said, adding that court action should be considered against barriers to trade.
Friday’s meeting of EU environment ministers is being pushed to the brink of crisis by a Polish rejection of any mention of the EU's Low Carbon Roadmap for 2050, which foresees up to 95% emissions cuts by mid-century.
An increase in the EU’s carbon emissions reduction target to 30% on 1990 levels within eight years is ‘very fundamental’ to the developing world’s interests, said the European chair of the G77 group of developing nations.
The Durban summit marked a breakthrough in introducing a new phase of international climate policy and it was the EU that paved the way for the others to follow its ambitious climate strategy, writes Connie Hedegaard, European Commissioner for Climate Action.
Climate negotiators agreed a pact on Sunday (11 December) that would for the first time force all the biggest polluters to take action on greenhouse gas emissions, but critics said the action plan was not aggressive enough to slow the pace of global warming.