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China embraces carbon pricing and UN takes a shine to plan
2014-09-27 00:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Millions of visitors and residents could hardly miss the message projected on the side of the world famous United Nations building in New York this week: Put a price on carbon. At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit. More than 1,000 companies pledged their support for the effort. Carbon pricing, largely rejected...
China drives world carbon emissions to record high
2014-09-21 19:15:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: World carbon dioxide emissions will hit a record high this year, driven by China's growth and keeping the world far off track from the deep cuts needed to limit climate change, a study said on Sunday. More than half of proven fossil fuel reserves may have to stay in the ground if governments are serious about a promise made in 2010 to limit a rise in average temperatures to 2 degrees Celsius (3.6F) above pre-industrial times, the Global Carbon Project report by leading research institutes said....
China, US, India push world carbon emissions up
2014-09-21 17:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Spurred chiefly by China, the United States and India, the world spewed far more carbon pollution into the air last year than ever before, scientists announced Sunday as world leaders gather to discuss how to reduce heat-trapping gases. The world pumped an estimated 39.8 billion tons (36.1 billion metric tons) of carbon dioxide into the air last year by burning coal, oil and gas. That is 778 million tons (706 metric tons) or 2.3 percent more than the previous year. "It's in the wrong direction,"...
China aims high for carbon market by 2020
2014-09-12 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: China's national carbon market is likely to regulate 3-4 billion tonnes of carbon dioxide by 2020 and be worth up to 400 billion yuan ($72 billion), a government official said on Thursday, which would make it twice as big as the EU market, currently the world's biggest. The National Development and Reform Commission (NDRC), China's top economic planner, and the Asian Development Bank held a conference in Tianjin on Thursday, outlining initial plans for a nationwide market to slow down the rapid...
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China sees big drop in carbon emissions: Premier
2014-09-10 07:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Xinhua: China's carbon emissions saw the largest drop in years as the nation furthers structural readjustment to improve growth quality, Chinese Premier Li Keqiang said on Wednesday. The country's carbon intensity was cut by about 5 percent in the first half of the year, the largest drop in many years, the premier said in an address to the Summer Davos forum, also known as the Annual Meeting of the New Champions 2014, being held in the port city of Tianjin in north China. Meanwhile, energy consumption...
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