California is set to create a cap-and-trade system for carbon emissions, according to this BBC report. The state would be the first US state to do this.
UPDATE: Here is an FT report with some reactions from Californian business leaders, for and against.
Technorati Tags: California, cap-and-trade, carbon emissions
The BBC has reported that a legal petition has been filed against the US government by the Inuit Circumpolar Conference (ICC).
The ICC has claimed that lax US emission policy is a major cause of increasing temperatures in the Arctic, which has so far reduced fish stocks and the collapse of some buildings.
While these effects seem [...]
The UK Government has announced interim decisions regarding the scope and operation of Phase II of the European Emissions Trading Scheme (ETS). Details are available from the DEFRA website (see news announcement of 2005/11/24).
To quote from the summary of the document:
“The Environment Agency will be contacting installations in England and Wales shortly to collect [...]
The UK Government has won a court case agains the EC which should allow the UK to increase the emissions cap for UK businesses. According to the Financial Times report:
“The UK’s revised plan would see a further 20m allowances [to UK emitters], worth more than €400m at yesterday’s carbon price of more than €20 [...]
The UK Energy Minister, Malcolm Wicks, has said that the UK Government may waive fines for greenhouse gas emissions if there is a shortage of energy this coming winter, according to a report in today’s Financial Times. He was speaking to the House of Commons Trade and Industry Select Committee, and emphasized that this [...]
