Greenhouse Gases News
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European Union finance ministers asked the bloc’s regulator to analyze how putting a price on greenhouse gases from global aviation and shipping could help raise funds to protect the climate.
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European Union governments remain split on whether to support a pathway to long-term climate goals drafted by the bloc’s regulator that some investors say could bolster carbon prices, according to an EU document.
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European Union finance ministers will ask the bloc’s regulator to analyze how putting a price on carbon from aviation and shipping could help raise funds to fight climate change, according to a draft EU document.
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Former U.S. Vice President Al Gore said investors in oil and gas companies who ignore the cost of emitting carbon dioxide and other greenhouse gases are making a mistake similar to those who invested in subprime mortgages.
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A.P. Moeller Maersk A/S, the world’s biggest container ship owner, is leading its industry in developing biofuels made from organic waste that could cut its carbon emissions and reduce a $6 billion-a-year fuel bill.
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What problems can the U.S. solve with renewable energy?
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The European Union could expand its carbon trading system to include transport and start option contracts between public institutions and private investors to enhance the coverage of the program, Bruegel institute said.
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The cloud of carbon dioxide that burst out of Lake Nyos in Cameroon and asphyxiated 1,700 people haunts the plans of oil and power companies to bury their greenhouse gases underground.
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A potential European Union move to a stricter emissions-reduction goal is conditional on efforts by non-EU nations to cut greenhouse gases, a Polish government official said.
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European Union policies to promote the use of biofuels for transportation will cost consumers as much as 126 billion euros ($166 billion) between now and 2020, two environmental groups said.
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