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Nations meet on climate cash, U.N. sees long haul, Reuters reports
Reuters reports that about 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming.
Read moreEU’s post-2012 CER plans likely this autumn — Deutsche, Argus reports
Argus reports that Germany's Deutsche Bank expects the European Commission to produce “concrete proposals” regarding the planned quality restrictions of post-2012 use of certified emission reduction (CER) credits from industrial gas projects this autumn.
Read moreEuropean Court of First Instance to hear Latvia's NAP appeal
On September 21, the European Court of First Instance will hear the Latvia's appeal against the European Commission's decison on its National Allocation Plan (NAP) for 2008-2012.
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EU sees limit on industrial projects in CO2 scheme, Reuters reports
Reuters reports that the European Union's top climate official proposed on Wednesday new limits on the use of carbon offsets from industrial gas projects, under fire by green groups, in the EU's emissions trading scheme after 2012.
Carbon trade lobby calls for rule clarity from EU, Reuters reports
Reuters reports that an emissions trading lobby group has called for the European Commission to clarify rules on UN-backed carbon offset use in the third phase of its emissions trading scheme in order to boost ebbing market confidence.
Read moreUK to launch reverse VAT charges for CO2 trading, Reuters reports
Reuters reports that Britain's tax authority will introduce reverse value-added tax (VAT) charges relating to carbon emissions trading from November 1, replacing a zero tax rate implemented last year to prevent fraud.
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