Topic: Europe

LONDON (Reuters) - Benchmark U.N-backed carbon credits and European Union carbon permits plunged to new record lows on Wednesday, extending this week's sharp drop as worries about Europe's economic turmoil continued to erode demand.Front-year U.N.-issued carbon credits, so-called certified emission reductions (CERs) ...

LONDON (Reuters) - Climate negotiators meeting in South Africa this week face fresh worries over saving the planet from global warming now that a ton of carbon trades at the price of a pizza.A European steel plant producing a ton of steel ...

The head of Romania's environment protection agency quit Monday after the Balkan country was blocked from selling carbon credits over concerns about irregularities, the government said.Iosif Nagy, named to the job in 2010, told Agerpres news agency he was paying for his ...

Greece could earn up to 170 million euros for its cash-strapped treasury from a trade of greenhouse-gas emission allowances on the Athens stock exchange, a report said Sunday.Eleftherotypia daily said a first-ever auction of one million emission allowances (EUAs) will be held ...

Pressure from a growing middle class will encourage China's leaders to push ahead with cleaning up the environment, the European Union's climate action commissioner said Tuesday.Beijing also acknowledges the need to combat climate change and sees big business opportunities in green energy ...

The Czech energy market watchdog on Thursday slammed the EU's plan to partly reopen its carbon credit market closed after hackers had stolen polluting rights from the system, the CTK news agency said.The Czech Republic, which was badly hit when millions of ...

Romania is in talks with two Japanese companies on selling part of the carbon credits it has been granted by the Kyoto protocol, environment minister Laszlo Borbely said Thursday."Romania can trade about 300 million credits, worth some 1.5 billion euros, even at ...

SOFIA (Reuters) - Bulgaria's carbon trading rights could be fully restored by next May or early June, an environment ministry spokeswoman told Reuters.Bulgaria was banned from international carbon trading in June this year, following a review by a U.N. panel that found ...

SEMPIT, Indonesia (Reuters) - Deep in the flooded jungles of southern Borneo, muddy peat oozes underfoot like jello, threatening to consume anyone who tries to walk even a few yards into the thick, steaming forest.Hard to imagine this brown, gooey stuff could ...

Carbon sequestration is simply the process of capturing carbon dioxide before it is released into the atmosphere and so should of course be deployed as a front line weapon in the fight against global warming . For example, because of the carbon ...