Carbon market news the race is on for COP16

Thick smog from heatwave fires covers Moscow see video click HERE

Everything moves towards Cancun and COP16: Obama maps ways round legislation: heatwave fires in Moscow: climate worsens: COP16 approaches: nobody takes much notice according to UK

Obama plans for strong policies no legislation
President Obama could invoke strong climate policies, like gasoline carbon limits, without congressional input before world leaders convene this fall to negotiate an international global warming treaty, a research group says in a plan provided to the administration.   Source: The New York Times

U.S. complains other countries backtrack on COP15
The U.S. is concerned that envoys at United Nations climate talks are “backtracking” on an agreement made in 2009 in Copenhagen, the country’s lead negotiator at the talks said.   Source: Bloomberg Businessweek

Few firms sign up for carbon commitment
With 50 days to go until the deadline for registering for the Carbon Reduction Commitment, around two-thirds of the estimated 3500 to 4000 companies and public-sector bodies who must take part have yet to register.   Source: Herald Scotland
 

US heat wave just preview of future: study
The US East Coast is sweltering in a record-hot summer but it could endure twice as many sweaty days by mid-century without action on climate change, an environmental group said Wednesday.   Source: AFP

Russia Approves TNK-BP Carbon Emissions Project
Russia has approved a project by TNK-BP Holding (TNBP.RS) to sell emissions reduction units, or ERUs, on the international market, the Anglo-Russian oil major said Wednesday.   Source: Dow Jones

Howard ‘would have stuck with ETS’
Australia would probably have had an emissions trading scheme if the Liberals had won the 2007 election, according to Liberal backbencher Malcolm Turnbull, who says he sees the irony in the situation.   Source: The Sydney Morning Herald
 

Russia’s peatland fires seen burning for months
Some of Russia’s smog-causing peatland fires are likely to burn for months, part of a global problem of drained marshes that emit climate-warming greenhouse gases, experts said on Wednesday.   Source: Reuters

EU carbon prices dip but rebound seen likely
European Union carbon permit prices slipped by almost one percent in Tuesday’s early trade, amid light volume and falling prompt British natural gas prices but some gains could be possible by Friday, traders said.   Source: Balkans Business News
 

China Plans Regional Goals to Cut Carbon Emissions
China, the world’s biggest polluter, plans to set regional targets for some provinces to reduce their greenhouse gas emissions under a climate program aimed at developing a “green” economy.   Source: Bloomberg Businessweek

UN chief pursues ‘low-carbon prosperity’ through new panel on sustainable development
The presidents of Finland and South Africa will head up a new U.N. panel announced Monday to create a global plan for promoting sustainable development while also addressing climate change.   Source: The Canadian Press

Climate change could destroy 80 per cent of rainforest by next century
Fewer than one in five of the plants and animals which currently live in the world’s rainforests will still be here in 90 years time, a study predicts.   Source: Telegraph

Valere Tjolle
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Valere Tjolle is editor of the Sustainable Tourism Report Suitewww.travelmole.com/stories/1143624.php