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Major Firms Call for Climate Agreement in Paris

Major Firms Call for Climate Agreement in Paris Fourteen major companies based or with large-scale operations in the US have voiced strong support for a new global climate agreement at the UN Climate Change Conference in Paris later this year. In a statement organized by the Center for Climate and Energy Solutions (C2ES), the companies

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Shell Boss: Global Carbon Price Needed

Shell Boss: Global Carbon Price Needed Shell CEO Ben van Beurden says governments should put a price on carbon, which will then drive the “right behavior of consumers and producers” in terms of tackling climate change. The oil giant’s boss, speaking at a conference yesterday, said heavy industry, heavy-duty transport, chemicals and other industries will

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US, China Announce Domestic Climate Actions

US, China Announce Domestic Climate Actions The US and China released a Joint Presidential Statement on Climate Change, which includes substantial domestic climate actions that are designed to help the countries achieve their respective post-2020 climate goals announced in November 2014. China announced that it is launching a national emissions trading system in 2017. The

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Carbon Pricing Surges Across Major Multinationals

Carbon Pricing Surges Across Major Multinationals Putting a price on carbon emissions is going mainstream, according to new disclosures provided to CDP, which finds major multinationals including Allergan, Campbell’s Soup, Colgate-Palmolive, Stanley Black & Decker, Exxon Mobil, General Electric, Nestle, Microsoft and Nissan are among the 437 companies using carbon pricing to offset the costs

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CNN: Obama unveils major climate change proposal

CNN: Obama unveils major climate change proposal The Obama administration unveiled a major climate change plan on Sunday aimed at a large reduction in greenhouse gas emissions from the nation’s coal-burning power plants. On Monday, President Barack Obama started selling it to the public at a White House event. “Today after working with states and

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WSJ: Impact of EPA’s Emissions Rule on Industry to Vary

WSJ: Impact of EPA’s Emissions Rule on Industry to Vary A sweeping federal rule intended to slash carbon-dioxide emissions from power plants will have an uneven impact on the energy industry, boosting the outlook for some regions and companies while biting others. Companies that produce coal and electric generators that rely on it for their

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NYT: California Governor Orders New Target for Emissions Cuts

NYT: California Governor Orders New Target for Emissions Cuts LOS ANGELES — Gov. Jerry Brown issued an executive order Wednesday sharply speeding up this state’s already ambitious program aimed at curbing greenhouse gas emissions, saying it was critical to address “an ever-growing threat” posed by global warming to the state’s economy and well-being. The order,

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Carbon auction revenues top $3.7 billion

Carbon auction revenues top $3.7 billion… The California Air Resources Board held its most successful carbon allowance auction to date. The February auction was the first to be held following the 2015 expansion of the market to include the transportation sector, which effectively doubled the size of the California market. All 73,610,528 California Carbon Allowances

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NYT: A Carbon Offset Market for Trees

NYT: A Carbon Offset Market for Trees… In the last 40 years, more than one billion acres of tropical forests have vanished, equivalent in size to over half of the continental United States. The rate of cutting, burning and clearing shows no signs of abating. Tropical forests store huge amounts of carbon. When their trees

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400,000 California carbon allowances trade

400,000 California carbon allowances trade Over 400,000 California carbon allowances for delivery in 2013 exchanged hands in steady volumes over the week.   Prices for 2013 vintage California carbon allowances continued to hover around $12.   With the year coming to a close, businesses have shifted their focus to acquiring California carbon allowances to be

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