Subscribe free to our newsletters via your
. GPS News .




CLIMATE SCIENCE
EU states urge lawmakers to back pollution credit plans
by Staff Writers
Brussels (AFP) April 12, 2013


Six EU states, including powerhouse Germany, called on European lawmakers Friday to back efforts to revive a faltering market in pollution credits so as to bolster the bloc's fight against global warming.

Environment ministers from Britain, Denmark, France, Germany, Italy and Sweden said "eight years of efforts" were at risk if the European Parliament rejects the plan in a plenary vote on Tuesday.

The European People's Party, the largest group in parliament, has said it will do just that because it opposes market intervention which could lead to higher overall costs.

Let the market function and find its own level, it says, warning that high prices for pollution credits may only help push companies out of the EU.

"We are determined to reject this plan and this vote is important," said Eija Ritta Korhola of the EPP.

Brussels set up an Emissions Trading System (ETS) for CO2, the greenhouse gas, which first allocates an amount of pollution credits free to companies.

If their emissions exceed this level, they can either buy more credits through the ETS to cover them, or choose to invest in new technology to reduce their pollution and save money in the longer-term.

In practice, and in part reflecting the economic downturn, prices of the ETS credits have been very low, meaning companies see little incentive to invest in new, less polluting technology -- the ultimate aim.

As a result, Brussels plans to freeze the sale of about 900 million tonnes of pollution credits in 2013-2015 in an effort to boost prices and make companies look again at the relative costs involved.

"We need an effective signal on prices if we do not want to imperil our long term objectives," the letter from the six environment ministers said.

EU officials say they expect Tuesday's vote to be "very close."

.


Related Links
Climate Science News - Modeling, Mitigation Adaptation






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CLIMATE SCIENCE
US businesses call for climate law
Washington (AFP) April 10, 2013
Several major companies issued a joint call Wednesday for the United States to enact legislation to battle climate change, saying that the issue was critical to their businesses. Thirty-three firms including online retailer eBay, tech giant Intel, coffee leader Starbucks and sportswear makers Adidas, Nike, Patagonia, The North Face and Timberland called climate change a threat that required ... read more


CLIMATE SCIENCE
China media urge eating poultry despite bird flu

'Sustainable fish' label comes under fire

China media urge eating poultry despite bird flu

Limiting greenhouse gas emissions from land use in Europe

CLIMATE SCIENCE
Interdisciplinary team demonstrates superconducting qualities of topological insulators

Redesigned Material Could Lead to Lighter, Faster Electronics

A step toward optical transistors?

New 'transient electronics' disappear when no longer needed

CLIMATE SCIENCE
Boeing X-48C Blended Wing Body Research Aircraft Completes Flight Testing

X-48 Project Completes Flight Research for Cleaner, Quieter Aircraft

Dassault and India in Rafale deal standoff

Israel boosts air force 'pack of leopards

CLIMATE SCIENCE
China March auto sales hit record high: group

Yamaha plans $500 bike in India, eyes exports to China

US announces stricter gasoline standards

Japan venture to bring electric tuk-tuks to Asia

CLIMATE SCIENCE
Gold prices plunge further on weak Chinese GDP data: analysts

Kerry welcomes Japan move to join trade pact

Protests take shine off South American gold and copper mining

Foreign firms expand in Latin America

CLIMATE SCIENCE
Activist silenced as China island forests destroyed

SFU researchers help unlock pine beetle's Pandora's box

Russian activists angry after attacked journalist's death

Russian forest campaigner dies after 2008 attack

CLIMATE SCIENCE
Belarus, Russia to Create New Satellite Grouping

Kazakhstan to launch first remote sensing satellite this year

Raytheon brings automation and virtualization to NASA's Earth Observing System

Ball Aerospace Begins Integration Phase for DigitalGlobe's WorldView-3 Satellite

CLIMATE SCIENCE
Nanotechnology imaging breakthrough

Surface diffusion plays a key role in defining the shapes of catalytic nanoparticles

Imaging methodology reveals nano details not seen before

Glass-blowers at a nano scale




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement