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China Plans National Carbon Market by 2016 Amid Emission Pledge

2014-11-25 10:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: China, the worlds largest greenhouse gas emitter, plans to start a nationwide carbon market in the next two years following a pledge to cap emissions by 2030. Opening in 2016, the market would have matured by 2020, Su Wei, an official at the climate change department under the National Development and Reform Commission, said today at a press conference in Beijing. China, which is working on an absolute control plan for carbon emissions, may announce rules for carbon-permit trading as early as...

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Climate fund receives $9.3bn pledge

2014-11-22 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Thirty nations meeting in Berlin have pledged $9.3bn (6bn) for a fund to help developing countries cut emissions and prepare for climate change. The Green Climate Fund was to have held at least $10bn by the end of 2014, so the pledge is just shy of the target. The South Korea-based fund aims to help nations invest in clean energy and green technology. It is also designed to help them build up defences against rising seas and worsening storms, floods and droughts. Rich nations previously...

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G20 leaders in global growth pledge

2014-11-16 09:07:06| BBC News | Business | UK Edition

The G20 summit closes with pledges from leaders to boost the global economy, after Russian leader Vladimir Putin leaves the summit early.

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Obama, in latest climate move, pledge $3 billion for global fund

2014-11-14 17:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: President Barack Obama will announce a $3 billion U.S. contribution to an international fund to help poor countries cope with the effects of climate change, an administration official said on Friday. The large size of the contribution took climate policy watchers by surprise and doubles what other countries had previously pledged ahead of a Nov. 20 deadline. It would be the second major move on climate change taken by Obama after big Democratic losses in last week's midterm elections. Obama...

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U.S. to pledge $3 billion to help developing countries adapt to global warming

2014-11-14 17:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Mashable: In its second major international climate policy announcement of the week, the Obama administration is expected to declare as early as Friday that it intends to provide $3 billion over the course of four years to help developing countries adapt to global warming impacts and transition to renewable energy technologies. President Obama is expected to make the announcement at the start of the G20 meeting in Brisbane, Australia, raising the pressure on other G20 leaders to follow through with their...

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