According to Reuters, “Developers behind the 19 Chinese wind and hydropower projects rejected by a U.N.-backed clean energy investment panel have accused the board in charge of making arbitrary and non-transparent rule changes. Most said they had no choice but to reapply to try to earn internationally tradeable carbon offsets they said were needed to [...]
U.S. singled out for delay of climate pact
According to Reuters, ” The United States is likely to bear the brunt of the blame among recession-hit developed nations for an expected six- to 12-month delay to a new global climate deal hoped for December in Copenhagen. U.S. failure to match expectations with a carbon target by the December deadline may dent confidence in [...]
Green News: U.N. scheme aims to bring clean energy to millions
According to Reuters, “A U.N. scheme designed to cut greenhouse gas emissions and transform the livelihoods of millions of people in developing countries is picking up speed, with dozens of projects being developed or evaluated. The Kyoto Protocol’s Clean Development Mechanism provides for offsets from clean energy projects in developing countries to be sold to [...]
European Union proposes UN war chest for climate funds
Reuters reports, “the United Nations should set up a war chest to help process the billions of dollars poor countries will be paid to slash their greenhouse gas emissions, the European Union has proposed. The facility would sit separately from an existing “Adaptation Fund,” which aims to soften the impact of climate change on crops [...]
Top United Nations climate scientist backs ambitious CO2 cuts
According to the AFP, “Barely 100 days before the world hopes to seal a global climate treaty, the UN’s top climate scientist has given his personal endorsement to hugely ambitious goals for slashing emissions. “As chairman of the Intergovernmental Panel on Climate Change (IPCC) I cannot take a position because we do not make recommendations,” [...]
$750 billion “green” investment could revive economy: U.N.
According to Reuters, “Investments of $750 billion could create a “Green New Deal” to revive the world economy and protect the environment, perhaps aided by a tax on oil, the head of the U.N. environment agency said on Thursday. Achim Steiner said spending should focus on five environmental sectors including improved energy efficiency for buildings [...]