• Deutsche Bank, RWE Raided In German Carbon Fraud Probe

    • Date: 28/04/10

    German prosecutors searched Deutsche Bank AG and RWE AG in a raid on 230 offices and homes nationwide to investigate 180 million euros ($238 million) of tax evasion linked to emissions trading. The Frankfurt Chief Prosecutor’s Office said it targeted 150 suspects at 50 companies and has frozen assets. Deutsche Bank, Germany’s largest bank, and […]

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  • Govt May Ditch Emissions Trading Scheme Down Under

    • Date: 28/04/10

    The [New Zealand] Government said yesterday it would probably ditch the rest of the emissions trading scheme as scheduled beyond 2013 if its major trading partners did not have schemes as well. The scheme, already passed into law, is supposed to be a comprehensive “all sectors, all gases” scheme with a phased-in entry for different […]

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  • Blame Game: U.S. Squabbles Holding Up International Climate Deal

    • Date: 28/04/10

    There is slim hope that the next UN climate change summit in Mexico will produce a binding treaty on cutting carbon emissions, after US climate change legislation was put on hold, Indian Minister of State, Environment and Forests Jairam Ramesh has said. “It looks like we will have to come back to Cape Town in […]

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  • German Government Abandons EU’s Unilateral Climate Policy

    • Date: 26/04/10

    Frustrated by the climate change conference in December, German Chancellor Angela Merkel is quietly moving away from her goal of a binding agreement on limiting climate change to 2 degrees Celsius. She has also sent out signals at the EU level that she no longer supports the idea of Europe going it alone. “I have […]

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  • U.S. Climate Bill Faces Collapse

    • Date: 26/04/10

    The Senate climate bill sits on the brink of collapse today after the lead Republican ally threatened to abandon negotiations because of a White House push to simultaneously overhaul the nation’s immigration policies. Sen. Lindsey Graham (R-S.C.) has been under fire from conservatives for months for helping to shepherd a Democrat-led bid to tackle global […]

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  • Obama’s Climate Agenda In Turmoil

    • Date: 26/04/10

    President Barack Obama’s climate change agenda was thrown into turmoil yesterday after a key Republican abruptly pulled his support for a compromise energy and climate bill in a blow to Democrats. Senator Lindsey Graham, an influential Republican from South Carolina, abandoned what Democrats said was a painstakingly negotiated climate bill in outrage over a decision […]

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  • US Research Paper Questions Viability Of Carbon Capture And Storage

    • Date: 25/04/10

    A new research paper from American academics is threatening to blow a hole in growing political support for carbon capture and storage as a weapon in the fight against global warming. The document from Houston University claims that governments wanting to use CCS have overestimated its value and says it would take a reservoir the […]

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  • U.S. Climate Policy In Disarray

    • Date: 25/04/10

    One of President Barack Obama’s top priorities — tackling global warming — suffered a severe setback on Saturday when a fight over immigration derailed plans to unveil a compromise climate change bill. A bipartisan group of senators led by Democrat John Kerry had been aiming to outline details of their climate change bill on Monday. […]

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