United Nations climate envoys must start coordinating data on how carbon markets cut greenhouse gases, or risk undermining investment in clean technologies, according to the Centre for European Policy Studies.
Australia’s newly elected leaders, claiming a mandate to dump the old government’s climate policies, would actually protect programs the defeated Labor party was using to prepare for emissions trading.
Buying carbon credits near record low prices in global markets would cost-effectively ensure Australia meets its pledge to cut emissions by 5 percent, an industry group told the nation’s new government.
The U.K. will seek to extend a freeze on carbon curbs on foreign flights in the European Union’s carbon market to avoid the risk of a trade war and facilitate a global deal to cut pollution from the industry.
Market mechanisms such as the European Union’s emissions-trading system still have “deep roots” in the United Nations climate talks after negotiators failed to adopt major decisions this year, the head of a trading lobby said.