Brussels urges quick decision on freeze in pollution credits

The EU executive Monday urged a quick decision on a freeze of 900 million tonnes of pollution credits auctioned to firms in 2013-2015 in order to raise the price of carbon and make investment in clean technology worthwhile.

Global warming not taken seriously: World Bank's Kim

Global warming is not being taken seriously and time is running out to avoid consequences like flooded cities and dried out farmland, World Bank President Jim Yong Kim said Thursday.

Combine carbon consensus with income tax cuts: study

A carbon pricing proposal can find consensus and would allow income tax cuts, as long as industry handouts can be kept in check, according to a new report from The Australian National University.

Australia to ditch pollution levy by 2014

Australian Prime Minister Kevin Rudd on Tuesday announced the country's divisive fixed-price carbon tax will be scrapped a year ahead of schedule in favour of a market-driven emissions trading scheme.

Trading program linked to significant emissions reductions

The emissions trading program in the northeastern U.S. to limit carbon dioxide emissions from the electric power sector is responsible for about half the region's emissions reductions – an amount far greater than reductions ...

Ten big energy firms vow to fight climate change

Ten of the world's leading oil and gas companies vowed Friday to help fight climate change, notably by shifting towards cleaner natural gas, but their promise was dismissed by Greenpeace as a public relations ploy.

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