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Power plant carbon emissions fall 10 percent

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Hill: A shift by utilities to cleaner burning natural gas helped carbon pollution from power plants fall over the last three years, according to data released by the Environmental Protection Agency (EPA) on Wednesday. EPA began reporting data gathered from 8,000 facilities across the largest pollution-emitting industries on greenhouse gas in 2010. Since, power plant carbon emissions have declined 10 percent. The drop in emissions is attributed to a decrease in coal production for electricity generation...

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Wall Street Demands Answers From Fossil Fuel Producers on 'Unburnable' Carbon

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off. The requests, contained in letters sent to 45 companies [3] last month, are part of an initiative aimed at persuading oil producers and others to rein in their quest to stockpile more carbon energy. They hope to do so by tapping...

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The trillion-ton cap: Allocating carbon emissions

2013-10-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The latest report from the Intergovernmental Panel on Climate Change (IPCC) for the first time sets a cap on the amount of carbon emissions we can allow into the atmosphere before calling a complete and permanent halt -- if, that is, we are serious about keeping global warming below two degrees Celsius. That cap was set last month at a trillion tons of carbon. We are something over half way there, with time fast running out. But where did this figure come from; why has a measure of cumulative...

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IPCC carbon budget 'will not drive talks'

2013-10-24 13:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A key finding of the UN climate panel's latest report on climate change is too politically "difficult" to drive international climate talks in November, according to the UN's climate chief. Last month, the Intergovernmental Panel on Climate Change (IPCC) calculated how much carbon dioxide the world could emit in future without going over 2C of warming and showed that, at current rates, this "budget" would be exhausted within 30 years. It effectively put a limit on the amount of CO2 that the...

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New Bank to Handle Costa Rica Carbon Credit Trading

2013-10-24 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Costa Rican Times: Costa Rica has created a new financial institution to handle the expected trading of carbon credits among companies and public institutions that have joined the countrys aim to reach zero carbon emissions. The initiative, called BANCO2, will assist dealings with Costa Ricas compensation units, known as UCCs, as well as with U.N.-issued carbon offsets and some types of voluntary markets credits. The bank will be a tool to help the country meet its target to become carbon neutral, but could...

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