The European Commission’s decision to exclude two key ozone-depleting gases from the purview of Carbon Trading from 2013 would have negative implications for global warming. The two industrial emissions marked for this purpose are Hydrofluorocarbon-23 (HFC-23), essentially trifluoromethane, and nitrous oxide. These are highly potent greenhouse gases (GHGs) that together account for the bulk of the trade under the EU’s emission trading system, which is, by far, the world’s largest...

The silence at Cancun on the future of the Kyoto Protocol has cast a cloud of uncertainty over the emission trading business (carbon credits) in India.Experts are interpreting the situation in different ways, with the overall view being that the emission trading business has to stay in one form or the other, if carbon emissions are to be reduced. However, for now, the $2 billion per year market for Indian...

In response to growing frustration that the U.N. climate negotiations are not producing real-world results, individual nations, states and business are cobbling together patchwork solutions to preserve forests, produce clean energy and scrub pollution from the air.Under this new approach, businesses in California will offset their greenhouse gas emissions by funding tropical forest preservation in Mexico and Brazil; Japan will help pay for nuclear power plants in developing nations; and...

Alternative Global Forum for Life, Environmental and Social Justice gets under way in CancunVery different from the Arctic temperatures at Moon Palace, where the United Nations climate change conference is under way, a large open-air gymnasium and basketball court is the venue for the alternative Global Forum for Life, Environmental and Social Justice, which began here on Saturday.Protests plannedLed by Via Campesina, or the International Peasant Movement, farmers have been...

Taxes on international flights, shipping and financial transactions, as well as a global carbon price of $20 to $25 may be key to annually mobilising $100 billion in climate funding by 2020, according to the United Nations high-level advisory group on climate change financing, which submitted its report in New York on Friday. At the U.N. climate summit held in Copenhagen last year, developed countries committed to a goal of jointly...