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News and Blogs

Total : 3,777 View more »
Climate Change: a Challenge for IMO Too
www3.marinelink.com
...greenhouse gas emissions from shipping...unanimously opted for Climate change: a challenge...Convention on Climate Change (UNFCCC) and its Kyoto Protocol, which specifically...reduction of emissions of greenhouse gases (GHGs) from...
http://www3.marinelink.com/Story/ShowStory.aspx?StoryID=216808
US Senate readies for cap and trade hearings
www.flightglobal.com | Oct 14, 2009
...Convention on Climate Change (UNFCCC) sets...greenhouse gas emissions targets this December...effect after the Kyoto Protocol expires in 2012...dioxide (CO2) emissions and require regulated...allowances to emit greenhouse gases (GHG) That...responsible for emissions from both refining...
British Airways Boss Willie Walsh Says Aviation Industry Will Cut Emissions By 50% By 2050 |
news.sky.com
...its carbon emissions by 2050...of global emissions BA...replacement of the Kyoto protocol. The move to cut emissions by the...emissions of greenhouse gases. It...Committee on Climate Change warned the...Goes Into Ecological Debt ...Notable' Emission Cuts Video...
Australian Climate Change Policy
www.hydro-international.com | Sep 3, 2009
...s proposed emissions trading scheme...Australia to combat climate change are the Carbon...sets strong emission reduction targets...Figure 4). The emission reduction targets...what the actual emission reduction targets...Policies Emissions trading and...policies to combat climate change and support...
http://www.hydro-international.com/issues/articles/id1109-Australian_Climate_Change_Policy.html
Airlines pledge to slash CO2 emissions by half by 2050
www.dailymail.co.uk
...its growing emissions. Mr Walsh...aviation emissions were not included in the Kyoto protocol 12 years...carbon dioxide emissions by 50...emissions of greenhouse gases but will...Copenhagen climate change summit...
Aviation industry to slash CO2 emissions
itn.co.uk
...over growing emissions. Mr Walsh...International aviation emissions were not included in the Kyoto protocol 12 years ago...cent of global emissions of greenhouse gases but will become...Committee on Climate Change, warned the...
Web Sites

Total : 80,997 View more »
EU includes aviation in CO2 curbs
news.bbc.co.uk
...Europe's CO2 Emissions Trading Scheme...for cutting greenhouse gases. MEPs voted...the UN's Kyoto Protocol, the EU is...cut its CO2 emissions by 8% from...auctioning of emissions permits should...measures to combat climate change, research...countries and low-emission transport...
http://news.bbc.co.uk/go/rss/news/int/search/news%2Bsport/airline/-/2/hi/europe/7495567.stm
GroundSupportWorldWide.com » Article » EU Settles on Global Warming Measures
...greenhouse gas emissions cuts, marked...caused by climate change. The...tackling climate change will encourage...fighting climate change," said...under the Kyoto Protocol, the U...committed to cut greenhouse gases by 8 percent...developing clean fuel. Although...
http://www.groundsupportworldwide.com/online/article.jsp?id=2742&siteSection=1
carbon dioxide | kyoto protocol | climate change | 1999 | 3104 | Flight Archive
www.flightglobal.com
...Convention on Climate Change (UNFCCC...reducing emissions is the responsibility...taking the Kyoto Protocol into account...aircraft emissions and market...emissions include greenhouse gases, such as...induced climate change is difficult...WATER Water emission by aircraft...
http://www.flightglobal.com/pdfarchive/view/1999/1999%20-%203104.html
ANALYSIS: September 24 2009 | ABTN
www.abtn.co.uk
...reductions on C02 emissions are possible...are: to cut C02 emissions by 1.5% each...agenda of the UN Climate Change Conference in Copenhagen...itself acted on greenhouse gases. The International...the villain of emissions and an easy target...programme to cut emission is its "weightwatchers...
http://www.abtn.co.uk/comment/2413163-analysis-september-24-2009
Reason Foundation Commentary: Kyoto Protocol Is Dead
...Bailey The Kyoto Protocol is dead...emissions of greenhouse gases (GHG) after...Under the Kyoto Protocol industrialized...emissions of greenhouse gases 5.2% below...its carbon emissions, the European...below 1990 emission levels...world in climate change diplomacy...
Ambassador Oi08 VisitNetherlands Her Majesty’s Ambassador, Pim Waldek, made a visit to the stand...
www.hydro-international.com
...Describing the Kyoto Protocol as a “token...important role in climate change, provide food...the oceans in climate change. Multi...decrease in CO2 emissions required to stabilize...that even if emissions are decreased...
http://www.hydro-international.com/download/Oi%20Daily%20Wednesday-LR.pdf
News from Zibb.com
Total : 2,644 View more »
CLIMATE CHANGE-URUGUAY: ADAPTATION IS THE NAME OF THE GAME - Zibb.com
MONTEVIDEO, Nov 19, 2009, 2009 (IPS/GIN via COMTEX) --
Uruguay must start focusing on efforts against global warming, and work in a coordinated manner with its South American neighbours, said one of the scientists consulted for the First Regional Report on Climate Change produced by Tierramerica, which was released Thursday.
The rise in sea level and the possible salinisation of drinking water sources are the biggest challenges facing this small South American country, which must design adaptation policies for agriculture and the livestock industry, Professor Mario Bidegain with the atmospheric sciences unit at the Faculty Sciences of Uruguay's public University of the Republic, told a news briefing.
Bidegain said that while landlocked countries in this region like Bolivia and Paraguay would especially suffer the rise in temperatures, coastal countries like Argentina and Uruguay would be hit harder by the effects of the rising sea level.
In the meantime, Brazil is investing millions of dollars in efforts to study and adapt to impacts like the gradual transformation of the Amazon jungle into savannah, and has pledged to reduce greenhouse gas emissions by 36.1 or 38.9 percent - depending on GDP growth levels - by 2020.
The expert said Uruguay - which is sandwiched between Argentina and Brazil - will not escape the impacts. The last five-yearly report by the Intergovernmental Panel on Climate Change (IPCC), published in 2007, said that in the best-case scenario, the average global temperature would rise between two and 2.5 degrees by 2050.
The report by Tierramerica, a specialised news service on the environment and development produced by the IPS (Inter Press Service) news agency with the backing of the United Nations Development Programme (UNDP) and the United Nations Environment Programme (UNEP) that is published by 20 newspapers in the region, is based on the responses of 23 climate change experts who were sent an extensive questionnaire by email, which was then supplemented by telephone contacts.
Several of the experts are members of the IPCC, like Bidegain, who was a reviewer of the Climate Change 2007 - The Physical Science Basis Working Group I Contribution to the Fourth Assessment Report of the IPCC and of the IPCC Technical Paper on Climate Change and Water (2008).
The aim of the special 40-page Tierramerica report, "Latin America and the Irreversible Effects of a Warmer Planet", which is available on-line in Spanish, is to analyse the state of global warming in the region, by consulting with experts, scientists and authorities, and representatives of civil society and international bodies. Updated reports will be produced periodically.
The report was presented Thursday in Montevideo by its author, Cristina Canoura, and IPS regional editor for Latin America, Diana Cariboni, ahead of the Dec. 7-18 United Nations Climate Change Conference in Copenhagen.
In the Danish capital, delegates from around the world will try to reach agreement on a successor agreement to the Kyoto Protocol, which expires in 2012.
"A worrisome aspect for Uruguay is the rise in the average sea level. There is even greater uncertainty in that respect from a scientific point of view, because there is enormous debate, and even today the models used to project this kind of variable are not entirely reliable at a global level," said Bidegain.
The IPCC projected a 60 cm rise in sea level by the end of the century, although other researchers believe that is an overly conservative estimate and warn that it could rise by over a metre.
This is especially alarming for Uruguay, said the scientist, given that this country has only seen a 10-cm rise in sea level in the past 60 years. "This would be at least six times that, which is overwhelming," he remarked.
"This, naturally, has all kinds of effects on daily life that you can't even imagine. The rise in sea level won't only cause coastal flooding, but a process of salinisation of lakes, like at the mouth of the Santa Lucia river, where Montevideo gets its water," he said.
The scientist said adaptation efforts should be prioritised over mitigation initiatives. "The change is going to happen. The greenhouse gases that we have already emitted will remain in the atmosphere. What we are seeing now is not because of what we're emitting today, but what we have released into the atmosphere in past decades," he explained.
"Global warming is inevitable in the next 50 years. That must be understood. It's inevitable, no matter what we do. What will be negotiated in Copenhagen is an agreement to achieve an at-least voluntary reduction in greenhouse gases to try to curb the warming, but unfortunately it is going to continue for several decades."
Bidegain explained the concept of irreversibility discussed in the Tierramerica report.
"There are scientists in the world pointing out that with a more than two degree rise in the average global temperature, the climate system could stabilise at a certain level, which no one knows what that would be, but at which we would all suffer. But later, even with voluntary or coordinated greenhouse gas cuts, there would be no return, even to current levels," he said.
"Our society is based on the consumption of fossil fuels which, whether coal or oil, emit greenhouse gases when we burn them. We have to think of a new kind of society, a new way of life," said Bidegain.
The researcher underlined that Uruguay has made progress, especially with the creation this year of the National System of Response to Climate Change, although he also stressed the need to design concrete long-term plans for agriculture and livestock, chief economic sectors in this country that will be affected.
Winter crops like wheat and barley will be hit hardest, according to experts. "It's necessary to think about that with respect to the future, how Uruguay is going to cover that shortage. We will have practically no flour to make bread. Are we going to replace it with another crop? Climate change presents us with opportunities as well as challenges," he said.
One of the experts surveyed for the Tierramerica report, Agustin Gimenez, said "the most evident and negative effects of climate change in Uruguay and in the region (southern Brazil and the pampas in Argentina) are the increase in climate variability and more frequent occurrence of extreme weather events."
Gimenez is national coordinator of the National Institute of Agricultural Research unit on research and development on agro-climate and information systems.
The Tierramerica report says that Latin America and the Caribbean could suffer a loss of agricultural revenue of up to 12 percent, in a scenario of mild climate change, and of up to 50 percent in a more severe scenario.
Bidegain also underscored the need for these problems to be given priority in the plans of the future government of Uruguay, which will be elected in the Nov. 29 presidential runoff election.
Tierramerica is a multimedia platform that offers news reports, interviews and columns on the environment and development in Spanish, English and Portuguese in print, audio and images. It is sponsored by UNEP, the UNDP and the World Bank.
Tags: agricultural agriculture argentina bank barley bolivia brazil coal conference consulting crops election email environment gdp government livestock multimedia oil paraguay president research research and development revenue science united nations uruguay water weather wheat
Companies: First Regional Bancorp (FRGB)
Official outlines challenges for innovative climate change adaptation financing - Zibb.com
Zibb.com | Nov 13, 2009
MANILA, Oct. 26 (PNA) ?- A Department of Environment and Natural Resources (DENR) official is urging all sectors to think out of the box and come up with new schemes for financing climate change adaptation (CCA) nationwide. ?We need innovation in financing,? DENR Undersecretary Ramon Paje said...
Climate Exchange announces Monthly trading update - Zibb.com
Isle of Man, UK, Nov 04, 2009 (MARKETWIRE via COMTEX) --
Press release
4 November 2009
CLIMATE EXCHANGE PLC
Monthly Trading Update for the European Climate Exchange,
the Chicago Climate Exchange and the Chicago Climate Futures Exchange
Climate Exchange plc, below outlines the trading volumes for the month
of October 2009 for the European Climate Exchange (ECX), the Chicago
Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
Market Highlights
. ECX trading volumes remained strong across all products during
October, total 436Mt with an average daily volume of 19.8 Mt. Year
to date volumes on the exchange have now surpassed 4 billion
tonnes. The EUA Dec-13 futures contract experienced another active
month.
. Trading in the EUA and CER daily futures continued to grow during
October, a total of 12,098 contracts were traded with over a
million EUAs trading on 28th October. ECX market share of the total
spot market is approaching 25%.
. The number of open positions in ECX futures and options increased
further and currently stands at 825,877 lots.
. Open Interest on CCFE ended the month at 143,458 contracts,
representing a 68% increase from the 85,373 contracts at the end of
October 2008.
. 108,696 contracts traded on CCFE in October, a 229% increase over
the 32,999 contracts traded in October 2008.
. 27,220 contracts traded on CCX in October, representing an 18%
decrease from the 33,013 contracts traded during October 2008, as
uncertainty of US climate legislation continues to affect the
market.
. Following the introduction in the US Senate of the Clean Energy
Jobs and American Power Act on September 30th, climate legislation
picked up momentum in October as the U.S. Senate
Committee on Environment and Public Works held a series of hearings
on the proposed legislation and Republican Senator Lindsey Graham
(SC) threw his support behind the bill.
Total ECX Products (Contracts*)
2009 2008 Change
October 435,930 412,352 5.7%
YTD 4,309,908 2,297,822 87.6%
Open Interest 825,877 514,139 60.6%
*1 contract equal to 1,000 EUAs/CERs
ECX EUA Futures Contract
2009 2008 Change
October 314,960 324,942 -3.2%
YTD 3,180,310 1,656,524 92.0%
Open Interest 390,277 251,802 54.99%
ECX EUA Options Contract
2009 2008 Change
October 14,244 6,535 118.0%
YTD 353,933 211,870 67.1%
Open Interest 205,994 112,820 82.6%
ECX EUA Daily Futures Contract ('Spot') (launched 13 March 2009)
2009 2008 Change
October 12,098 - -
YTD 47,066 - -
ECX CER Futures Contract (launched 14 March 2008)
2009 2008 Change
October 87,523 65,675 33.3%
YTD 644,895 377,428 70.9%
Open Interest 136,817 104,717 30.7%
ECX CER Options Contract (launched 16 May 2008)
2009 2008 Change
October 6,300 15,200 -58.6%
YTD 81,130 52,000 56.0%
Open Interest 92,789 44,800 107.1%
ECX CER Daily Futures Contract (Spot) (launched 13 March 2009)
2009 2008 Change
October 1,030 - -
YTD 2,799 - -
CCX CFI (Contracts)
2009 2008 Change
October 27,220 33,013 -18%
YTD 389,606 649,323 -40%
CCFE (Contracts)
Total CCFE Products
2009 2008 Change
October 108,696 32,999 229%
YTD 1,216,425 419,094 190%
Open Interest 143,458 85,373 68%
CCFE SFI and NFI Futures & Options Contracts
2009 2008 Change
October 42,315 24,102 76%
YTD 489,608 363,739 35%
Open Interest 80,276 63,291 27%
CCFE Carbon Complex including CFI, RGGI, CCAR and CFI-US
2009 2008 Change
October 65,610 8,744 650%
YTD 718,997 49,015 1367%
Open Interest 55,713 17,444 219%
Other CCFE Products including IFEX
2009 2008 Change
October 772 153 405%
YTD 7,820 6,340 23%
Open Interest 7,469 4,638 61%
For breakdown of daily trades, please refer to websites as follows:
ECX www.ecx.eu
CCX www.chicagoclimateexchange.com
CCFE www.ccfe.com
Richard Sandor, Executive Chairman of Climate Exchange plc, said: "As
the U.S. Congress moves forward with consideration of a federal climate
law and policymakers internationally work toward progress
in Copenhagen, we see building interest in carbon markets as a tool for
addressing climate change."
Neil Eckert, Chief Executive Officer of Climate Exchange plc, said:
"This represents another month of solid progress both at ECX and CCFE.
We now enter a critical phase where the spotlight will be Carbon
markets during the run up to Copenhagen"
Contact
Richard Sandor, Chairman Climate Exchange plc and 001 312 554 3370
Chairman & CEO Chicago Climate Exchange
Neil Eckert, CEO Climate Exchange plc 0207 382 7801
Patrick Birley, CEO European Climate Exchange 0207 382 7818
Jonny Franklin-Adams and Simon Law, Fox-Pitt, 0207 397 8900
Kelton Limited
Peter Rigby/Alex Parry, Haggie Financial 0207 417 8989
/07813 808 738
About Climate Exchange plc
Climate Exchange plc is a holding company whose subsidiaries are
principally engaged in owning, operating and developing exchanges to
facilitate trading in environmental financial instruments including
emissions reduction credits in both voluntary and mandatory markets.
Its three main businesses are the European Climate Exchange (ECX) which
operates the leading derivatives exchange focused on compliance
certificates for the mandatory European Emissions Trading
Scheme, Chicago Climate Exchange (CCX) which operates a voluntary but
contractually binding cap and trade system for greenhouse gas emissions
in the U.S., and the Chicago Climate Futures Exchange (CCFE) the
leading U.S. regulated environmental products exchange whose contracts
include mandatory U.S. emissions such as SO2 , NOx and RGGI CO2.
www.climateexchange.com
About European Climate Exchange
The European Climate Exchange (ECX) manages product development and
marketing of futures, options and spot contracts based on CO2 EU
allowances (EUAs) traded under the EU Emissions Trading Scheme and
Certified Emission Reductions (CERs) issued under the Kyoto Protocol.
ECX contracts are listed and traded on the ICE Futures electronic
platform, offering a central marketplace for emissions
trading alongside other energy commodities with standardised
contracts and clearing guarantees. ECX/ ICE Futures is the most
liquid Exchange for carbon derivatives trading. More
than 100 businesses have signed up for direct membership to trade ECX
products. In addition, several thousand ICE clients can access the
market via banks and brokers.
www.ecx.eu
About Chicago Climate Exchange, Inc. and Chicago Climate Futures
Exchange
Chicago Climate Exchange (CCX) is a financial services business whose
objectives are to apply financial innovation and incentives to advance
social, environmental and economic goals. CCX is the world's first and
North America's only contractually binding rules-based greenhouse gas
emissions allowance trading system, as well as the world's only global
system for emissions trading based on all six greenhouse gases. CCX
members are leaders in greenhouse gas management and represent all
sectors of the global economy, as well as public sector innovators.
Greenhouse gas emission reductions achieved through CCX are the only
reductions in North America being achieved through a legally binding
compliance regime. Independent third party verification is provided by
FINRA. For a full list of CCX members, daily prices and other Exchange
information please see the CCX website.
The Chicago Climate Futures Exchange (CCFE), a wholly owned subsidiary
of the Chicago Climate Exchange, is a CFTC designated contract market
which offers standardized and cleared futures contracts on emission
allowances and other environmental products. Clearing services are
provided by The Clearing Corporation. Market surveillance services are
provided by the National Futures Association, the industry wide,
self-regulatory organization for the U.S. futures industry.
www.chicagoclimateexchange.com
www.ccfe.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
SOURCE: Climate Exchange PLC
http://www2.marketwire.com/mw/emailprcntct?id=258B82247AB9711B http://www.rns.com
Tags: business ceo commodity congress contract economy email energy environment executive federal financial services futures law legislation market market share marketing north america prices product development products republican senate south carolina trade
Companies: Climate Exchange PLC (CXCHF)
True Green Energy Group and NT Energy Set to Meet the Government of Argentina With C.E.O of GEECF -
MANILA, Philippines, Nov 20, 2009 /PRNewswire-FirstCall via COMTEX/ --
Argentina's electricity sector is in "dire straits" and the country faces major power shortages, not to mention the millions of people along with thousands of Argentine companies who are suffering from horrific garbage problems.
The electric and municipal solid waste sectors clearly require "significant investments" in transmission of electricity and waste management. True Green Energy Group and NT Energy who are promoters of world power and green energy solutions are partners with Spectrum Blue Steel who is the license holder of the Biosphere MKV system. The Biosphere system along with the "MRF" management system will recycle the country's garbage, shred and pelletize the waste generating both clean green electricity and drinking water.
Because of the interconnected nature of Argentina's power supply, and the Biosphere solution invented by Dr. Christopher McCormack, officials from the Argentina government, "Garbierno de la ciudad, Ministerio De Desarrollo, Urbano Secretario Privado Planta De Gabinete, Alejandro C. Vivone", has sent a urgent invitation confirming that the government will take part in the project for immediate instillation and deployment of the Biosphere power plant in order to generate clean green electricity in Buenos Aires city of Argentina.
Argentina has a wealth of natural beauty and immensely varied scenery. It covers an area of over one million square miles and is the second largest country in South America. Electric power in Argentina is 220 volt, 50-cycle alternating current. Argentina's government's idea is to install enough biosphere systems to process 3000 tons of municipal solid waste on a daily basis while generating green electricity and clean drinking water for Buenos Aires.
Energy efficiency is of great importance to Argentina, as well as the need to manage energy demand responsibly by the government and its citizens. True Green Energy Group and NT Energy along with Global Environmental Energy Corporation (OTC Bulletin Board: GEECF) are now finalizing plans for this urgent meeting with authorities of the argentine government for immediate deployment of the Biosphere MKV. This meeting will in no doubt be a historical event in history as countries and people on a global scale are searching for green energy sources and ways to clean up the garbage and save planet earth.
Spectrum Blue Steel is also working with the Brazilian government as there is also a great demand for green energy and getting rid of the huge garbage problems. Just two weeks a go a massive power failure blacked out Brazil's two largest cities and other parts of the country, leaving millions of people without electricity and causing widespread traffic chaos.
The outage began when the Itaipu hydroelectric dam, which supplies much of the country's electricity, suddenly went offline plunging parts of Rio de Janeiro, Sao Paulo and other Brazilian cities into darkness.
Maria Elena Romero, a journalist in Sao Paulo, told Al Jazeera: "There are also reports of Paraguay being affected by the same power outages.
"The minister of the energy of Brazil has confirmed that the outage was caused by the failure of the Itaipu hydroelectric dam. The minister didn't want to speculate on the causes for this failure, but local media say weather conditions could be the reason."
Never the less the Biosphere system can and will solve both countries problems. The management system set up By True Green Energy Corporation for Spectrum Blue Steel is zero waste, zero emission, giving both countries clean green energy while saving the planet from the enormous carbon dioxide emissions due to human activity from garbage and traditional gas and coal power plants. CO2 emission sources include emissions from energy industry, from transport, from fuel combustion in industry, services, households, etc. and industrial processes, such as the production of cement.
Spectrum Blue Steel is also very interested in carbon credit trading as The Kyoto Protocol is an international agreement linked to the United Nations Framework Convention on Climate Change. The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions .These amount to an average of five per cent against 1990 levels over the five-year period 2008-2012.
The major distinction between the Protocol and the Convention is that while the Convention encouraged industrialised countries to stabilize GHG emissions, the Protocol commits them to do so.
Recognizing that developed countries are principally responsible for the current high levels of GHG emissions in the atmosphere as a result of more than 150 years of industrial activity, the Protocol places a heavier burden on developed nations under the principle of "common but differentiated responsibilities." The simple fact is the Biosphere system will reduce green house gas while getting rid of garbage and delivering clean electricity to many countries that are now desperate to go green.
True Green Energy Group has identified workable solutions for the reduction of man-made emissions of greenhouse gases that cause global warming by promoting the deployment of the Biosphere system that is now is erecting and deploying the first two MRF management and power systems in the Philippines.
Spectrum Blue steel strategy is to "de-carbonize" the electric power generation industry by shifting to non-fossil fuel based energy sources, specifically energy-from-waste. This follows the Energy Policy Act of 2005 which confirmed energy-from-waste is renewable, and the Philippine Renewable Energy Law (RA 9513) of the Philippines.
Spectrum is a domestic corporation duly registered under the laws of the Philippines and holds a license to the Biosphere Technology from Global Environmental energy corporation GEECF.OB. Global is a fully integrated energy company whose interests include electrical power generation, oil and gas exploration and production, clean coal and waste management technologies.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.
Contact: Ronald Flynn, +6391-8888-0017
SOURCE Spectrum Blue Steel
http://www.spectrumbluesteel.com
Tags: argentina brazil coal community electrical electricity energy energy efficiency exploration fossil fuel gasoline government hydroelectric industrial law local media oil and gas otc paraguay policy power plant promoters renewable energy south america technology traffic waste management water weather
Companies: Global Environmental Energy Corp (GEECF)
IEA urges more actions to tackle climate change - Zibb.com
PARIS, Nov 11, 2009 (Xinhua via COMTEX) --
The Paris-based International Energy Agency Energy (IEA) urged worldwide energy revolution and called for more funds to tackle the crisis of climate change in a report published on Tuesday.
According to the IEA's World Energy Outlook 2009 report, due to the violent contraction of the global economy following the financial crisis, industrial production is estimated to consume less energy worldwide this year, which will be the first fall since 1981.
However, big demand for energy will come back as soon as the economy rebounds, the IEA said, forecasting a 40 percent increase in energy demand in 2030.
The future energy demand will still focus on oil, gas and coal, which are major producers of carbon dioxide, the key element that raises the temperature, according to the IEA.
The agency also expects an annual increase of one percent for global oil demand in the coming years, from 85 million barrels per day in 2008 to 105 million barrels per day in 2030.
Prior to the Copenhagen Climate Summit in December, the IEA called on all countries to exert efforts to curb climate deterioration by taking financial actions, such as developing environment-friendly transportation, housing and power plants and renovating biofuels.
Weeks before the global climate negotiation in Copenhagen, there are great differences between developed and developing countries on carbon emission goals and distribution of financial and technological responsibilities.
It is "time to act," the IEA underlined, saying that world leaders should not miss the opportunity to seal a post-Kyoto agreement.
The Kyoto Protocol, a worldwide agreement on climate issue, will expire in 2012.
Tags: coal economy energy environment gasoline housing industrial oil power plant transportation
Companies: International Energy Ltd (ILGL)
Agreement on financing actions to curb climate change - Zibb.com
H S Rao London, Oct 20, 2009 (Asia Pulse Data Source via COMTEX) --
India and 16 other major economies of the world have reached a "substantial agreement" on the issue of financing actions to curb climate change.
"There is significantly further to go, this is absolutely not a done deal, but I feel that today this feels a more doable proposition than it was yesterday," British Energy and Climate Change Minister Ed Miliband said Tuesday.
After a two-day deliberation, rich nations agreed to take on internationally-binding commitments while developing countries agreed to take domestic actions to cut the emission of harmful greenhouse gases that cause climate change.
In the run up to the climate change talks in Copenhagen in December, developed nations want emerging economies like India, China and Brazil to take up legally binding greenhouse gas emission cuts, a move stoutly opposed by them.
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News from Zibb.com
- CLIMATE CHANGE-URUGUAY: ADAPTATION IS THE NAME OF THE GAME - Zibb.com
- Official outlines challenges for innovative climate change adaptation financing - Zibb.com
- Climate Exchange announces Monthly trading update - Zibb.com
- True Green Energy Group and NT Energy Set to Meet the Government of Argentina With C.E.O of GEECF -
- IEA urges more actions to tackle climate change - Zibb.com
- Agreement on financing actions to curb climate change - Zibb.com
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