Emerging nations from India to China and South Africa are pushing to make it easier to get compensation for climate-related damage as envoys struggle to make progress at United Nations negotiations in Warsaw.
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European Union are resisting.
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.
Environment and energy ministers from 13 European Union countries joined forces to call on the bloc to agree on ambitious emission-reduction rules for the next decade and strengthen the EU’s carbon market.