Shipping Industry Welcomes EU Support to Green Fuel
The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative fuels and to remove disparities in energy taxation.On 25 October the European Parliament adopted its report on The deployment of infrastructure for alternative fuels in the EU which pointed…
New UN Climate Fund to Take Risks to Promote Green Tech
A new United Nations fund set up to help developing nations tackle climate change will take bigger risks than many international lenders to promote innovative green technologies, the head of the fund said on Friday. Hela Cheikhrouhou, executive director of the Green Climate Fund (GCF), told Reuters that donor pledges of $10.2 billion so far were a good start but…
Oil Majors Exposes US-EU Carbon Pricing Rift
U.S. and European majors have held talks for joint initiative Exxon wants carbon tax to be revenue-neutral. The failed attempt by the world's oil majors to speak on climate change action with one voice has laid bare disagreement between U.S. and European companies on putting a price on carbon. The world's top oil companies have struggled for years to form a joint front in the face of growing criticism for not taking leadership against climate change.
Kemp: Oil Producers' Under-Appreciated Role in U.S. Economy
The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy. Gross domestic product (GDP) attributable to private industry grew at a compound annual rate (CAGR) of 1.8 percent between 2002 and 2013 for the nation as a whole, after allowing for inflation.
Countries, Companies Mobilize Around Carbon Pricing Ahead of UN Summit
The World Bank will say Monday that 73 national and 11 regional governments and some 1,000 companies will join forces to push for policies setting a price on carbon emissions to encourage a shift to cleaner energy technologies. The announcement aims to build momentum for a high-profile UN summit on climate change on Tuesday that Secretary General Ban Ki-moon hopes…
World Leaders Urged to Act on Carbon Pricing
More than 340 institutional investors representing $24 trillion in assets on Thursday called on government leaders attending next week's United Nations climate summit to set carbon pricing policies that encourage the private sector to invest in cleaner technologies. Firms signing a joint letter include BlackRock, Calvert Investments, BNP Paribas Investment Partners and Standard Bank.
EU Gave Too Many Carbon Permits -China Negotiator
The European Union handed out too many free carbon permits in its Emissions Trading System and did not set a deep enough emission reduction goal, China's top climate negotiator said on Monday. China, the world's biggest emitter of greenhouse gases blamed for climate change, is testing its own carbon markets and aims to set up a national programme by 2017 to help curb its emissions.
