Tomorrow is the first Anniversary of the UN Kyoto Protocol taking effect.
A year on the Protocol is fundamentally weakened by the Bush Administration's refusal to sign up to it. However some parts of the agreement are booming - especially carbon trading.
Carbon dioxide is now one of the world's fastest-growing markets, worth as much as 34 billion euros (40.2 billion dollars) annually by the end of this decade, according to some analysts.
"The carbon market is going very well. We've seen tremendous growth this year," argues Henrik Hasselknippe, senior analyst at Point Carbon, a firm that monitors the CO2 pollution business. Much
Whats the US Congress' response to record profits and high gas prices? Why its royalty relief for the oil & gas industry, of course! According to this morning's New York Times, "the government will give up more than $7 billion in payments between now and 2011. The companies are expected to get the largess, known as royalty relief, even though the administration assumes that oil prices will remain above $50 a barrel throughout that period.". Yikes. Separation of Oil & State, anyone?
Under their new leader David Cameron, the Conservatives could be about to radically alter thier energy policy, as their try and improve their "green" credentials. Launching a review of their energy policy today, the shadow Trade and Industry spokesperson, Alan Duncan, has indicated that the party are looking for a greater proportion of energy to come from renewables, such as wind and solar. They are also suggesting that they might drop their historic support for nuclear power.
However, Duncan also suggested there could be "a new lease of life" for fossil fuels, based on clean-coal and carbon-capture technology. What do you
To their admirers, they are the latest must-haves in status, style and chic. To their critics, they are dangerous, polluting and gas guzzling brutes. Known as Chelsea tractors they are urban 4X4s or SUVs. But the news that Londoners are the most likely people in the whole of the UK to buy 4X4s will come as no surprise to people who have watched in horror as more and more off-roaders clog up London’s streets and pollute its air.
A recent survey has found that one in six Londoners who are looking to replace their car this year planned to buy an