• Carbon Tariffs Risk Trade War : EU Study

    • Date: 02/05/10

    The European Union (EU) is considering border tariffs on imports from more polluting countries, but an initial assessment shows such levies could spark trade wars, draft reports show. Two European Commission reports do not explicitly reject a push for border tariffs by France and Italy, but say they would be fiendishly complex to calculate, create […]

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  • Oil Spill May Kill Climate Bill’s Chances

    • Date: 01/05/10

    As the spilled oil in the Gulf of Mexico oozes it way toward Louisiana, Democrats are rapidly backing away from their prior support for new off-shore drilling as part of a compromise clean energy bill. Both the White House and Senate Majority Leader Harry Reid, D-Nev., said Friday they were re-examining the need for such […]

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  • Deutsche Bank Under Suspicion In Emissions-Trading Fraud

    • Date: 30/04/10

    Employees of Deutsche Bank, Germany’s largest bank, have come under suspicion of involvement in a scheme to avoid taxation on emissions trading, state prosecutors said Thursday. In nationwide raids on Wednesday, which included the headquarters of Deutsche Bank in Frankfurt, the country’s financial capital, and offices of energy giant RWE, some 230 premises were searched. […]

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  • Al Gore Laments Media Coverage Of Climate Debate

    • Date: 29/04/10

    Public perception is everything in today’s fast-paced media world and purveyors of the manmade climate change theory have been taking a beating on that front over the past year. Former Vice President Al Gore lamented the state of affairs in a blog posting yesterday saying the media had done a ‘bad job’. In recent years […]

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  • 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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