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News & Updates

May 30, 2013 China to Release About 40% More Carbon Dioxide by 2020, EIU Says

Source: Bloomberg

China’s carbon dioxide emissions will rise about 40 percent more by 2020 by burning fuel compared with levels in 2010 when it was already the biggest emitter, the Economist Intelligence Unit said today in a report.

May 30, 2013 Warming: 6°C unlikely, 2°C nearly certain

Source: Register

Under “business as usual” global warming will almost certainly exceed 2°C by 2100, but the high-end extreme range of warming of 6°C is unlikely to occur. That “good news, bad news” scenario comes from work conducted by Dr Roger...

May 29, 2013 Moody's comes late to U.S. bank turnaround

Source: Globe and Mail

The U.S. banking system is safe again, at least according to Moody’s Investors Service. Should investors be nervous? The credit rating agency raised its outlook on the sector to “stable” on Tuesday, removing the “negative” label...

May 28, 2013 New Report: California Cap on Carbon Has a Negligible Impact on Small Business

PR Newswire - Conducted by leading economists and released by the îUnion of Concerned Scientistsî (UCS) today, the report finds that AB 32 policies will only increase the percent of small business revenue spent on...

May 28, 2013 Climate Change 2013: Scientists and Citizens Must Rally Together to Stop Rising CO2 Levels

PolicyMic - A greenhouse gas, carbon dioxide is produced by both natural processes and human activity. Overwhelmingly, CO2 is produced by burning fossil fuels; the EPA knows that the oil and gas sector ... Other solutions, such...

May 28, 2013 EU Lawmakers Seek Carbon Deal as Fix Likely to Survive in Panel

Source: Bloomberg

Several European Union lawmakers are seeking a compromise over a rescue plan for the region’s carbon market, aiming to win majority support for the measure in the EU Parliament after a possible victory in a committee next month.

May 23, 2013 Accounting Groups Seek Global Financial Reporting Standards on Emissions

Environmental Leader - In association with The Prince of Wales Accounting for Sustainability Project, the groups sent an open letter to political leaders worldwide calling for such standards. Also in the world of accounting and...

May 23, 2013 House Passes Keystone Bill as White House Vows Veto

Source: Bloomberg

The U.S. House of Representatives passed legislation to approve the Keystone XL oil pipeline, the eighth time congressional Republicans have advanced a measure promoting the project. Democrats called yesterday’s vote in the...

May 23, 2013 CBO: Carbon tax an option to avoid 'catastrophic' outcomes

Source: The Hill

The Congressional Budget Office (CBO) noted Wednesday that a carbon tax could generate “significant” revenues for the United States and avert “catastrophic” effects of climate change. CBO said in a new report that there are many...

May 22, 2013 China reveals details of first carbon trading scheme

Financial Times - Emissions trading schemes encourage companies to curb their carbon dioxide emissions by setting a limit, or cap, on the level of carbon dioxide that can be emitted in a country or region, and then distributing...

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