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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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15 years of carbon dioxide emissions on Earth mapped

2014-09-12 10:04:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: World leaders face multiple barriers in their efforts to reach agreement on greenhouse gas emission policies. And, according to Arizona State University researchers, without globally consistent, independent emissions assessments, climate agreements will remain burdened by errors, self-reporting, and the inability to verify emissions progress. Now, an international research team led by ASU scientists has developed a new approach to estimate CO2 emissions from burning fossil fuels -- one that provides...

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Exxon accussed of downplaying carbon bubble risks

2014-09-12 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Oil major ExxonMobil is underestimating the risks it faces from efforts to decarbonise the energy sector over the coming years, and could end up going the same way as photography company Kodak if it fails to adapt to the fast-changing nature of the energy market. That is the finding of a new report from the Carbon Tracker Initiative, which also warned that Exxon's share price has fallen in recent years thanks to investments in expensive, low return projects such as tar sand development. Earlier...

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UN climate summit set for major carbon pricing announcement

2014-09-11 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: The huge number of countries and businesses interested in pricing carbon will become clear at the UNs forthcoming climate summit, according to a senior World Bank official. Rachel Kyte, the banks special envoy for climate change, said the meeting will see a number of states, regions and businesses announcing plans to factor in the costs of burning fossil fuels. We believe by the time we get to the summit we will have a very substantial number of countries, states, cities and companies and...

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Smoke and Carbon Monoxide alarms recalled nationwide

2014-09-11 21:35:18| Industrial Machines - Topix.net

Kidde, a division of United Technologies Corporation, is recalling 1.2 million alarms because they can fail to sound during a fire or a carbon monoxide incident following a power outage.

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