For a long time the European Union has been leading against climate change. Part of this leadership was its emission trading scheme (ETS), a cap and trade scheme that was designed to cut industrial greenhouse gas emissions.
As I noted back in 2009, the emissions trading
The Australian government will begin imposing a tax on carbon emissions in mid-2012. But large giveaways to industry mean Australia’s scheme doesn’t go nearly far enough in reducing the nation’s CO2 emissions or providing economic stimulus.
Another global climate conference has come and
Because of New Zealand’s location and its increasing dependence on fossil fuels and its rising costs, it has become imperative for the country to make the switch In New Zealand, solar and wind energy are poised to make significant contributions to the economy. New Zealand has an abundance of renewable energy resources, more than
(Reuters) – Europe’s new energy strategy could lead to a 25 percent cut in greenhouse gases by the end of this decade and could ultimately cut fuel import bills roughly in half, a draft strategy paper shows.
The document was leaked amid renewed debate about whether the EU should
The European Commission said on Monday a proposal to limit the use of some carbon credits from industrial gas projects in its emissions trading scheme might be unveiled during a United Nations climate summit in Mexico next week. The European Union Emissions Trading Scheme is the largest multi-national emissions trading scheme in the world. The trading scheme currently
Empty rhetoric. That’s the verdict on the recently established New Zealand Emissions Trading Scheme (ETS) from Geoff Bertram and Simon Terry in their searching book The Carbon Challenge: New Zealand’s Emissions Trading Scheme. It is something of a cautionary tale for others contemplating such schemes.
European nations are wary about a perceived trend in France and the United States to use international competition as a reason to back off on carbon-reduction pledges.
They are concerned that carbon tariffs could be used to fend off competition from countries which have not committed to reducing emissions, in effect triggering a green trade war.
So far, France has been the only European Union member state to openly rally for the introduction of border measures to secure the competitiveness of European industry against emerging economies. It put the measure on the table in 2008 when the EU was immersed in discussions on a revision of its emissions trading scheme (EU ETS).