Canada shouldn’t try to outdo oil- producing rivals on greenhouse-gas reduction rules because that would weaken the industy’s competitiveness, according to Canadian Natural Resources Ltd. Chairman Murray Edwards.
The coal industry needs to change rapidly to help prevent global warming by leaving most of the fuel in the ground and closing the least efficient power plants, the top climate official at the United Nations said.
Emissions markets are the cheapest way for Europe’s utilities to cut greenhouse-gas output until 2030, when investment in technologies such as carbon-capture is expected to inflate costs, energy adviser Poeyry Oyj said.
European nations should cut subsidies paid to onshore wind and solar photovoltaic projects after 2020 and focus instead on new technology, said turbine-maker Alstom SA’s vice president of environmental policy and global advocacy.
Development banks such as the World Bank or the African Development Bank will need to meet more stringent criteria to obtain U.S. support for coal-fired power plants abroad under new guidelines released today.
The world risks blowing through its carbon budget in 21 years, threatening to cause global warming of more than double the threshold deemed safe by the United Nations, the global accounting firm PwC said today in a study.
The United States has no national tax or price on carbon dioxide pollution. That doesn't mean it doesn't cost investors anything there or elsewhere, says former Vice President Al Gore. He and David Blood, co-founders of Generation Investment Management, this morning published a new paper explaining the evolution of their thinking on "sustainable capitalism," and how investors can lessen their financial risks from climate change. Gore and I spoke on Oct. 17.