carbon trading news stories on Newser

The Climate Change Bill Is Awful—Now Pass It

Jason Farago — Wed, 01 Jul 2009 07:07:23 CDT

Waxman-Markey is a "pathetic" and "appalling" bill that totally fails to respond to the urgency of climate change—and it should be passed by the Senate and signed into law straight away, writes Thomas Friedman. For the New York Times columnist, the flawed legislation has one great virtue: it finally...

Billions Wasted in UN Carbon Program: Study

Caroline Zimmerman — Mon, 26 May 2008 03:38:50 CDT

Billions of dollars spent to encourage developing nations to cut greenhouse gas emissions are being wasted on projects that don't qualify, according to two new studies of the UN's carbon credit program. The Kyoto agreement arranges for wealthy countries unable to meet emission reductions to instead subsidize green energy projects...

Going Greener Won't Cut Much* Into Bottom Line: Study

Caroline Zimmerman — Thu, 03 Apr 2008 19:54:56 CDT

Cutting greenhouse-gas emissions will put a dent in the world's bottom line, but the damage could be minimal with the right economic policies, the International Monetary Fund forecasts. A 60% reduction of 2002 emission levels will reduce global growth by 2.6% come 2040, but the world's economy would still...

Multinationals Have Suppliers Feeling Green

Lucas Laursen — Tue, 09 Oct 2007 14:01:40 CDT

Some of the world’s largest firms are uniting to encourage their suppliers to incorporate environmental awareness into their operations. Procter & Gamble, Unilever, and other multinationals hope to shrink their carbon footprints, educate consumers—and soften the potential financial impact of climate change legislation that hasn't even been proposed but...

Big Business Fuels Green Boom

Colleen Barry — Sat, 01 Sep 2007 17:17:38 CDT

Greed and idealism are converging as big business propels today’s clean energy industry, CNN reports. Silicon Valley entrepreneurs are pulling in capital for oil and coal alternatives, while across the pond, London financiers swapped more than $30 billion last year in "pollution permits"—credits companies can sell if their factories...

Carbon Offsets Are Often Scams

J. Kelman — Thu, 26 Apr 2007 19:56:43 CDT

Carbon offsets—the credits gas-guzzling consumers buy to cancel out their carbon production—may do little or nothing more than assuage consciences, a Financial Times investigation concludes. Some companies sell worthless credits; others use them to finance environmental projects they had planned anyway. And consumers have no means to know...