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News ClimateBiz Staff
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Accounting and consulting firm KPMG is warning United Kingdom businesses to begin examining their carbon emissions ahead of a new mandatory carbon trading program launching in late 2009 or face cash flow problems and financial incentives.
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Japan will reportedly introduce carbon footprint labels for certain consumer products ranging from laundry detergent to beverages.
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Two-thirds of U.S. industries fail to calculate 75 percent of their total greenhouse gas emissions by only considering impacts from their operations and energy use, according to Carnegie Mellon researchers.
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The price of carbon credits trading in the European Union Emissions Trading Scheme dropped by as much as 25 percent during the last month, but an EU research company warns the credits are undervalued and will likely rally in the mid-term.
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The U.S. could feasibly halve its gasoline consumption if the country switched to hybrid and plug-in electric vehicles by 2035, according to a new MIT report. For too long, automakers have focused on improving performance at the expense of efficiency.
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The South American country will see a sharp decline in the amount of coffee, soy, corn, cassava and grain it produces, and could reportedly see losses of up to $14 billion by 2070. Only sugar-cane crops will benefit from the weather changes, says a report from the country's agricultural research arm.
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A handful of Wisconsin utilities agreed to report greenhouse gas emissions and retire inefficient coal-powered units as part of a legal settlement over a water intake permit at a new coal-fired power plant.
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The United Nation's climate change arm wants to stiffen the rules for offsets from profitable projects that would have moved forward without help from its trading program.
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Thirty U.S. cities, including New York, New Orleans and Las Vegas, agreed to measure and disclose their greenhouse gas emissions in a bid to better understand and manage climate-related risks and opportunities.
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In a boon to the U.S. biofuel industry, the Environmental Protection Agency declined to reduce the 9 billion gallons of ethanol that will enter the gasoline supply this year. Opponents worry about the economic and environmental impacts.
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