David Hone News
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Investors in clean-energy projects will need to work within national policy “bubbles” because a global carbon price will remain elusive for years, according to David Hone, Royal Dutch Shell Plc’s climate adviser.
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David Hone, climate adviser at Royal Dutch Shell Plc and chairman of the International Emissions Trading Association, speaks about the future of the Clean Development Mechanism, the world’s biggest greenhouse gas offsetting market.
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David Hone , Royal Dutch Shell Plc’s climate adviser, is the new chairman of the International Emissions Trading Association based in Geneva, said Jack Cogen , the outgoing chairman of the lobby group.
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A Royal Dutch Shell Plc climate adviser said European Union lawmakers should move now to extend carbon-market rules through 2030 rather than tighten emission targets for 2020.
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European Union carbon permits fell the most in more than a week after the EU parliament’s industry committee voted for a regulatory option that would temporarily withhold supply at an unspecified time.
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Envoys at United Nations talks agreed to a package aimed at limiting global warming by protecting forests, advising nations on adapting to higher temperatures and opening a $100 billion Green Climate Fund.
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Envoys at United Nations global warming talks are closing in on an agreement to protect forests, stimulate aid to developing nations and establish a body to advise countries on adapting to higher temperatures.
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European Union carbon prices are being hurt by a lack of clarity as to how the bloc’s emissions trading system will operate after 2012, a report said.
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The U.K. is using a regulatory “trick” to introduce its carbon tax on fossil-fueled power generation, which would not have been allowed under European Union emissions trading law, said the U.K. unit of RWE AG.
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