Carbon markets are a key driver for investment in the biggest emerging nations’ greenhouse-gas reducing efforts, and allowing them to collapse would be a “disaster,” according to the Center for American Progress.
Allison Macfarlane, the geologist and expert on atomic waste picked to lead the U.S. Nuclear Regulatory Commission, is described by associates as someone who can advocate positions without offending her opponents.
As leaders in Washington obsess about the fiscal cliff, President Barack Obama is putting in place the building blocks for a climate treaty requiring the first fossil- fuel emissions cuts from both the U.S. and China.
Envoys at United Nations talks are near an agreement that would set up a fund channeling a portion of the $100 billion a year in pledged climate aid to developing nations, part of a package to keep a lid on global warming.
British Airways parent IAG closed in on a deal to buy Deutsche Lufthansa AG’s U.K.-based BMI unit as it seeks a bigger share of the lucrative business-travel market at London Heathrow airport after third-quarter profit slumped.