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Connie Hedegaard: „The world is waiting for the US and the emerging economies to commit”
"The world is waiting for the US and the emerging economies to commit", said Connie Hedegaard, the EU Commissioneer for Climate Action after her participation in the pre-COP ministerial consultations that took place on 20-21 October in Stellenbosch, South Africa.
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EU classifies emission allowances as financial assets
The European Commission adopted on Thursday a proposal for the review of financial market rules, bringing into their scope also emission allowances which were classified as financial assets.
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Environment ministers agree on EU stance for climate talks in Durban
Environment ministers agreed on Tuesday on the EU stance for crucial international climate talks coming up in Durban, South Africa, in late November, said the European Council.
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Panama climate talks end with progress - UNFCCC
"A week of formal climate negotiations in Panama ended on Friday with progress on drafting those decision texts that will allow governments to push ahead strongly in Durban with concrete help for the developing world to deal with climate change", said the Secretariat of the UN Framework Convention on Climate Change (UNFCCC).
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EU adopts new rules on wholesale electricity and gas trading
The EU has adopted on Monday new stringent rules on wholesale energy trading. The main objective is to prevent use of insider information and other forms of market abuse which distort wholesale energy prices and normally mean that businesses and consumers pay more for their energy than they need.
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Inclusion of international aviation in EU ETS is compatible with international law - ECJ's Advocate General
The inclusion of international aviation in the European Emissions Trading Scheme (EU ETS) is compatible with international law, said the European Court of Justice's Advocate General Juliane Kokott in an opinion issued on Thursday.
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