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Wood fuel subsidies to be capped

2013-07-16 21:19:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: The government is turning away from its controversial policy of subsidising UK power stations to generate electricity from burning wood. It is proposing that subsidies for bespoke biomass burning plants should be capped at 400 MW per plant. It will end subsidies for biomass burning in existing stations by 2027. There was an outcry in May when the BBC revealed that millions of tonnes of wood were being shipped from the USA to help meet Britain's renewables targets. Wood is classed a renewable...

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VIDEO: Should bank bonuses be capped?

2013-04-16 11:27:18| BBC News | Business | UK Edition

Under EU rules that come into force in 2014 banks will not be able to award bonuses that exceed an employee's annual salary.

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EU capped carbon emissions fell 1.4 percent in 2012: data

2013-04-02 13:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Emissions from firms in the European Union's carbon market fell by 1.4 percent last year, preliminary like-for-like EU data showed on Tuesday, matching an average of analysts' forecasts. Around 10,000 installations out of a total of some 13,000 firms operating under the EU's Emissions Trading System (ETS), the EU's main tool to fight climate change, reported carbon dioxide emissions of 1.79 billion tonnes in 2012, the data showed. ETS emissions fell for a second consecutive year in 2012, suggesting...

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Today's oil prices fall, capped by optimistic global economy

2013-01-23 01:00:00| Offshore Technology

Oil prices dropped today, although the decline was capped after the market received support from a positive global economic outlook and as investors eagerly anticipate inventory data from the US, to offer an indication about demand in the world's lar

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