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Halving EU emissions by 2030 is affordable, says Britain

WARSAW (Reuters) - Cutting the European Union's greenhouse gas emissions by 50 percent from 1990 levels by 2030 would reduce economic growth by a fraction of a percent, Britain's minister for energy and climate change said on Thursday. The European Commission, the EU's executive, is expected to unveil proposed 2030 green energy goals around the year end, and Britain wants the bloc to take on an ambitious target to help limit global temperature rises to below 2 degrees Celsius.

Norway, UK, U.S. allocate $280 million to stop deforestation

By Stian Reklev WARSAW (Reuters) - The governments of Norway, Britain and the United States on Wednesday said they will allocate $280 million of their multi-billion dollar climate change finances to a new initiative aimed at halting deforestation. The announcement was made at U.N. talks in Warsaw, where more than 9,000 delegates are meeting to hammer out the foundations of a new global treaty to combat climate change.

B.C. chops carbon trust, capital commission in first step to save $50 million

VANCOUVER - British Columbia's much-maligned Pacific Carbon Trust will be eliminated and the province's profitable greenhouse gas offset program brought into the government fold, as the provincial government attempts to slash $50 million to meet the promise of a balanced budget next year. Bill Bennett, the minister responsible for a core review of government services, said Tuesday that winding down the controversial Crown carbon offset agency will trim $5.6 million annually.

U.N. talks on new carbon markets break down

By Stian Reklev and Michael Szabo WARSAW (Reuters) - International negotiations on how to set up new carbon markets to cut greenhouse gas levels broke down over the weekend in Warsaw, sources said, after developing nations refused to progress the issue before rich nations increase efforts to cut their own emissions.

Japan uses offsets to meet Kyoto emission goal: media

TOKYO (Reuters) - Japan met its Kyoto Protocol obligations to lower greenhouse gas emissions by planting trees and buying carbon credits as actual emissions rose, media reported on Sunday, days after the country watered down targets for cutting them further by 2020. Environment Minister Nobuteru Ishihara will release the preliminary figures on November 20 in Warsaw, where some 190 nations are meeting from November 11-22 to work on a global climate pact, the Nikkei and Asahi newspapers said.

Japan meets Kyoto pact goal through 8.2% emissions cut

Japan achieved an 8.2 percent cut in emissions of carbon dioxide and other greenhouse gases in the period of fiscal 2008 to 2012 from fiscal 1990 levels, meeting a 6 percent target under the 1997 Kyoto Protocol on curbing global warming, Japanese government sources said Saturday.

Weak rules threaten U.N. climate plan for forests

By Stian Reklev WARSAW (Reuters) - Investments in a U.N. plan to halt deforestation could suffer as U.N. climate talks in Warsaw have failed to agree rules to guarantee the rights of indigenous peoples and to protect local biodiversity, observers said.

California court upholds state's right to sell carbon permits

By Rory Carroll SAN FRANCISCO (Reuters) - California's environmental regulator can sell carbon emission permits at quarterly auctions as part of the state's cap-and-trade program, a state court said on Thursday, in a setback to businesses that argued that the sales constitute an illegal tax. The California Chamber of Commerce and tomato processor Morning Star sued to stop the sales last year, arguing that the permits should be given out freely to companies covered by the program.

Global carbon market 'toolbox' in sight at U.N. climate talks

By Michael Szabo Warsaw (Reuters) - Governments want to launch a platform at United Nations climate talks to help set common standards and accounting rules and tie together national and regional emissions trading schemes, but developing countries and green groups warned that talk of a global carbon market is premature. Almost 200 nations are in Poland for a November 11-22 meeting to plan a 2015 U.N. deal in Paris that would start to tackle climate change in 2021.

Premier Clark says B.C.'s LNG plants will do the world a clean-air favour

VICTORIA - Premier Christy Clark is calling British Columbia's proposed liquefied natural-gas plants worldwide pollution-fighting machines despite concerns by climate scientists and environmental groups that they will belch millions of tonnes of harmful greenhouse gas emissions into the sky. Clark said Tuesday B.C. will be doing the world a favour if it can sell natural gas in China and Japan because natural gas is cleaner than China's coal and safer than Japan's nuclear power.
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