Tag Archives: Kyoto Protocol

Policy Watch: UN climate talks wrap up, Indonesia approves landmark forest protection deal, and Africa’s largest solar plant close to breaking ground

December 11, 2012 |

 

This week, climate policy headlines from around the world include results from the UN climate talks, Indonesia approving a conservation deal that will protect 200,000 acres of forest, and Norway contributing $180 million to help Brazil slow deforestation.

Elinor Benami, Chiara Trabacchi, and Xueying Wang contributed headlines to this edition of Policy Watch.

UN climate talks extend Kyoto Protocol, promise compensation
The summit established for the first time that rich nations should move towards compensating poor nations for losses due to climate change. Developing nations hailed it as a breakthrough, but condemned the gulf between the science of climate change and political attempts to tackle it.

The deal, agreed by nearly 200 nations, extends to 2020 the Kyoto Protocol. It is the only legally-binding plan for combating global warming. The deal covers Europe and Australia, whose share of world greenhouse gas emissions is less than 15%.

But the conference also cleared the way for the Kyoto protocol to be replaced by a new treaty binding all rich and poor nations together by 2015 to tackle climate change. The final text “encourages” rich nations to mobilize at least $10bn (£6bn) a year up to 2020, when the new global climate agreement is due to kick in. Full article.

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Policy Watch: Companies ask for a clear carbon price, US on track to become world’s largest oil producer, and Australia ready to back Kyoto Protocol

November 19, 2012 |

 

This week, climate policy headlines from around the world include Australia’s decision to back the Kyoto Protocol’s second phase, companies like Shell and Unilever calling for a carbon price, and a report that puts a $527 billion price tag on the U.K.’s low-carbon energy sector needs.

Uday Varadarajan and Chiara Trabacchi contributed headlines to this edition of Policy Watch.

Shell, Unilever Lead 100 Companies Calling for CO2 Price
Royal Dutch Shell Plc (RDSA) joined Unilever NV (UNA) and more than 100 companies calling for lawmakers worldwide to put a “clear” price on carbon emissions in order to contain global warming.

Companies invest trillions of dollars in energy and infrastructure projects, and, in most cases, don’t consider goals to cut greenhouse gases, the companies said today in a statement that’s due to be presented to European Commissioner for Climate Action Connie Hedegaard in Brussels.

“A clear, stable, ambitious and cost-effective policy framework is essential to underpin the investment needed to deliver substantial greenhouse gas emissions reductions by mid- century,” the companies said in the e-mailed statement. “Putting a clear, transparent and unambiguous price on carbon emissions must be a core policy objective.” Full article.

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Policy Watch: Japan cuts emissions, Brazil responds to deforestation, and Europe faces a looming energy transmission headache

October 17, 2012 |

 

This week, climate policy headlines from around the world included Japan cutting emissions, Brazil responding to a spike in deforestation, and waves that could supply 11% of the UK’s power.

Rodney Boyd, Elinor Benami, and Brendan Pierpont contributed headlines to this edition of Policy Watch.

Japan may meet Kyoto emissions cut target, ministry estimates
Japan is on target to cut greenhouse gas emissions by an estimated average of 8 percent for the five years ending in March, meaning it will meet commitments under the Kyoto Protocol, the environment ministry estimated.

Kyoto’s binding obligations limiting the release of emissions among industrial nations stipulate Japan must cut greenhouse gas output by 6 percent from 1990 levels for fiscal 2008-2012. Emissions are projected to be 1.277 billion metric tons for fiscal 2011 and 1.316 billion tons in the twelve months ending March 31, 2013, Kentaro Doi, a ministry official in charge of emissions data, said by phone. Full article.

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