Climate

MIT: European system for cutting CO2 emissions is working well
June 11, 2008 09:34 AM - Massachusetts Institute of Technology

In a bid to control greenhouse gas emissions linked to climate change, the European Union has been operating the world's first system to limit and to trade carbon dioxide. Despite its hasty adoption and somewhat rocky beginning three years ago, the EU "cap-and-trade" system has operated well and has had little or no negative impact on the overall EU economy, according to an MIT analysis.

Sea Ice Melt Could Thaw Permafrost, Too
June 11, 2008 09:02 AM - Science Now

Scientists tracking a dramatic shrinkage in Arctic sea ice over the past few years have come to a worrisome conclusion: If the trend continues, it could speed up the melting of Arctic permafrost as well. The environmental consequences of such a development are uncertain, but they could spell trouble for plants, animals, and humans in those regions that depend on solid ground underfoot.

Science academies urge 50 pct CO2 cuts by 2050
June 10, 2008 09:04 AM - Reuters

Major economies should aim to halve world emissions of greenhouse gases by 2050 and work out ways to bury gases in a wider assault on climate change, the science academies of 13 nations said on Tuesday. "Progress in reducing global greenhouse gas emission has been slow," the academies of the Group of Eight (G8) nations and China, India, Brazil, Mexico and South Africa said in a statement targeting leaders at July 7-9 summits in Japan.

World Bank prices first U.N. carbon offset bond-lead
June 9, 2008 09:44 AM - Reuters

The World Bank on Monday priced a $25 million bond linked to United Nations-approved carbon emission offset credits, the market's first such bond, lead manager Daiwa Securities SMBC Europe said. Payments on the bond are linked to Certified Emissions Reduction credits (CERs), which are issued under the Clean Development Mechanism, a trading scheme that allows rich nations to invest in clean energy projects in developing countries.

Why Are Rising Sea Levels a Threat?
June 9, 2008 08:34 AM - , E Magazine

Recent NASA photos showed the opening of the Northwest Passage and that a third of the Arctic’s sea ice has melted in recent. Are sea levels already starting to rise accordingly, and if so what effects is this having?

Carbon-capping climate Senate bill dies
June 6, 2008 10:01 AM - Reuters

U.S. legislation that would have set up a cap-and-trade system to limit climate-warming carbon emissions died on Friday after a procedural vote in the Senate. The bill, which had bipartisan support but not enough to overcome opposition, aimed to cut total U.S. global warming emissions by 66 percent by 2050. Opponents said it would cost jobs and raise fuel prices in an already pinched American economy.

In conversation, Albright lays out global challenges facing the next president
June 6, 2008 09:57 AM - Stanford News Service

In a conversation with Scott Sagan last week, former Secretary of State Madeleine Albright discussed a wide range of international conflicts facing the next president, as well as her experience as a high-powered woman in politics. As Sagan, a professor of political science, and Albright rhetorically toured the globe, pausing at hot spots to probe serious policy issues, Albright delivered her advice with a dose of humor.

Senate Democrats May Pull Climate Bill
June 6, 2008 08:54 AM - Washington Post

If this week's Senate debate on a proposed cap-and-trade system for greenhouse gases was supposed to be a dress rehearsal for climate legislation, things are not looking too good for opening night. The week has been marked by parliamentary maneuvers and bitter accusations over divergent estimates of the bill's future costs. On Wednesday, a group of GOP senators asked that the clerk of the Senate read the entire 491-page bill aloud, an extremely rare request. That took more than 10 hours.

Climate Costs
June 5, 2008 09:37 AM - Reuters

BONN, Germany (Reuters) - Climate change presents a tough choice for governments determined both to fight global warming and tackle the rising cost of living. Climate measures inflate energy costs by putting a price on burning fossil fuels and also stoke food bills by using farmland and crops to produce renewable fuels.

Mexico City smog hurting people's sense of smell
June 5, 2008 09:18 AM - Reuters

Chronic pollution in Mexico City, which stains the sky yellow and can trigger government warnings to stay indoors, could be killing off residents' sense of smell, scientists say. Tests showed people in Mexico City -- a sprawling metropolis crammed with around 20 million people and 4 million cars -- struggled to sniff out everyday odors like coffee and orange juice compared to residents of a nearby town.

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