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Trading Halt Shows UN Carbon System in Jeopardy: Energy Markets

Trading Halt Shows UN Carbon System in Jeopardy: Energy Markets

An unprecedented freeze in United Nations carbon trading is fanning speculation the five-year-old market designed to combat greenhouse-gas emissions in poor countries is in danger of becoming superfluous.

Not a single UN Certified Emission Reduction, or CER, changed hands on July 22 and July 23, according to data from ICE Futures Europe, keeping the market on course for the lowest monthly aggregate volume since March 2008. The 14.3 million tons of offsets bought and sold this month compares with the record 211 million tons traded in October and an average 52 million over the past 12 months.

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Five of big six energy companies drop green tariffs

Five of big six energy companies drop green tariffs

Five of the “big six” energy companies have dropped their policies of offering green tariffs to new customers, in a move which green campaigners fear could undermine the national drive to tackle climate change.

Npower announced earlier in July that it was scrapping its domestic green electricity tariff for new customers, while EDF, E.ON, SSE and Scottish Power are also no longer offering a domestic green tariff for those wishing to switch. With all but one of the big six energy companies offering no 100% renewably sourced electricity tariff to new customers, the choice for consumers who are keen to support green electricity has been drastically reduced.

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Green Growth – overcoming India’s environment challenges to promote development

Green Growth – overcoming India’s environment challenges to promote development

Towards a Green India
  • Although the past decade of rapid economic growth has brought many benefits to India, the environment has suffered, exposing the population serious air and water pollution.
  • A new report finds that environmental degradation costs India $80 billion per year or 5.7% of its economy.
  • Green growth strategies are needed promote sustainable growth and to break the pattern of environmental degradation and natural resource depletion. Emission reductions can be achieved with minimal cost to GDP.
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Climate Change Outpaces Evolution

Climate Change Outpaces Evolution

Nature doesn’t like to be rushed. But to keep up with climate change, many animals will need to evolve 10,000 times faster than they have in the past, a new study suggests.
Manmade climate change — fueled by excess greenhouse gases in the atmosphere, namely carbon dioxide — is expected to raise global temperatures by up to 10.8 degrees Fahrenheit (6 Celsius) within the next 100 years. That will transform many ecosystems in just a few generations, forcing wildlife to either evolve quickly or risk extinction.

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