China and other emerging nations are engaged in “encouraging” efforts to curb greenhouse gases, while the U.S. is blocking prospects for a global agreement, according to a European Union climate official.
Investors in the European Union emissions trading system may be overconcentrating on the short- term perspective, said Jos Delbeke, director general for climate at the European Commission. He made the comments at a conference organized by Eurelectric in Brussels today:
Carbon permits advanced to the highest in three days after Jos Delbeke, director general for climate at the European Commission, said a decision on a supply fix could be possible in the second half of the year.
European Union heads of state will seek to agree on general principles on 2030 climate and energy policies at their summit in October, according to Jos Delbeke, director general for climate at the European Commission.
The International Air Transport Association may propose measures to cut emissions from airlines, a step that could help a global deal on tackling pollution by the industry, a senior European Union official said.
The European Union should consider controlling the use of some Emission Reduction Units in the third phase of its carbon market, the world’s largest, said research groups including the Stockholm Environment Institute.
The European Union’s attempt to cap greenhouse-gas emissions over the next 16 years is threatened again as rising pollution from the bloc’s biggest economies shows even developed nations want to burn cheap coal.
Indian Prime Minister Manmohan Singh’s cabinet unveiled a second wave of policy changes intended to bolster a slumping economy as he seeks to restore faith in his leadership and establish a platform for his party less than two years before the next general election.