Nations risk repeating the failure of climate talks in 2009 unless they sign up to mandatory emissions reductions in a treaty to succeed the Kyoto Protocol, according to Bangladesh’s climate envoy to the United Nations.
European Union leaders intend next month to agree on a timeline for developing energy and climate targets for 2030, delaying a final decision on the polices, according to two people with knowledge of the matter.
The U.K. achieved its first national carbon budget and target for greenhouse gas emissions reductions under the Kyoto Protocol treaty, according to final data from the Department of Energy and Climate Change.
Supply of United Nations carbon offsets may rise after February as owners of offsets rush to sell them before their eligibility ends in the European Union’s market in March 2015, according to Bloomberg New Energy Finance.
Climate negotiators’ failure last week to set emission-limiting rules for the Kyoto Protocol’s extension through 2020 was down to one paragraph on Ukraine’s greenhouse-gas targets, according to the European Union.