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EU Carbon Permits Plunge to Record After Germany Cancels Sale

2013-01-21 01:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: European Union emission permits plunged to a record after low bids from utilities, factories and banks forced Germany to cancel a sale for the first time. EU carbon for December dropped 8.9 percent after the European Energy Exchange AG failed to generate higher bids even after extending the sale by 15 minutes. The unsold volume will be added to the countrys next four auctions. The contract has fallen 23 percent this month as EU member states consider whether to approve a European Commission...

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EU carbon capture needs emissions limit

2013-01-18 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Union will have to introduce mandatory standards to limit power plant emissions, given a failure to introduce carbon capture and storage (CCS) technology plus rising coal consumption and the construction of new coal power plants. A market-based approach to limit coal emissions through CCS has failed. The Commission had hoped to motivate the building of CCS pilot plants mostly through its emissions trading scheme. But the carbon price hit a record low on Thursday, and the savings...

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Black Carbon More Powerful Contributor to Climate Change Than Previously Thought: New Study

2013-01-17 21:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Huffington Post: Black carbon -- that nasty air pollution that causes major health problems -- also happens to be a very powerful contributor to climate change. In fact, a new multi-year international study has just found that it's the second most powerful contributor to climate change -- behind carbon dioxide emissions. Emissions from dirty diesel, residential cooking and heating and forest fires from deforestation are major contributors to black carbon pollution (see figure). Addressing black carbon emissions from...

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Black carbon is worse for global warming than previously thought

2013-01-17 19:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: It rises from the chimneys of mansions and from simple hut stoves. It rises from forest fires and the tail pipes of diesel-fueled trucks rolling down the highway, and from brick kilns and ocean liners and gas flares. Every day, from every occupied continent, a curtain of soot rises into the sky. What soot does once it reaches the atmosphere has long been a hard question to answer. It's not that scientists don't know anything about the physics and chemistry of atmospheric soot. Just the opposite:...

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Black Carbon Larger Cause of Climate Change Than Previously Assessed

2013-01-16 15:58:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Thirteen years after Jim Hansen described the significant role of black carbon for climate stabilization,1 in a comprehensive assessment of black carbon and climate released on Jan. 15, a team of 31 worldwide experts have confirmed the importance to combating global warming by reducing black carbon from targeted pollution sources. Schematic overview of the primary black carbon emission sources and the processes that control the distribution of black carbon in the atmosphere and determine...

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