Billions on board - carbon trading set to dominate commodities
1 Jul 2008
The market in greenhouse gas emissions could outstrip the conventional commodities markets to become the biggest traded commodity, according to the head of the US Commodities Futures Trading Commission Bart Chilton.
“The potential size and scope of a structured carbon emissions market in the US is unequivocally vast,” Chilton said. “It is certainly possible that the emissions markets could overtake all other commodity markets.”
... login or subscribe for full story
Vanuatu criticises Australia for extending gas project while making COP31 bid
Wed 4 Jun 2025
Vanuatu’s climate minister has expressed disappointment over Australia’s decision to extend one of the world’s biggest liquefied natural gas projects and said it raises questions over its bid to co-host the COP31 summit with Pacific nations.
EU science advisers slam Brussels’ weakened 2040 climate plans
Wed 4 Jun 2025
Using international carbon credits in place of domestic action undermines climate efforts, scientific advisory board says.
US: Clean energy project cancellations top $14 Billion so far in 2025
Wed 4 Jun 2025
Businesses have pulled the plug on big projects amid Trump’s retreat on climate action. But plenty remain in the pipeline, awaiting a Congressional decision on tax credits.
India, a major user of coal power, is making large gains in clean energy adoption
Wed 4 Jun 2025
One of the most carbon-polluting countries, India is also making huge efforts to harness the power of the sun, wind and other clean energy sources.
What is China’s ‘Shenzen model’ for low-carbon transition in cities?
Wed 4 Jun 2025
Wandering the streets of Shenzhen, a city which has earned the title of China’s “first city of ‘new-energy vehicles’” (NEVs), you will not miss the scene of numerous NEVs parking under slogans promoting “green and low carbon” lifestyles.
'This is classic climate change': Canada's Saskatchewan faces worst wildfire season in decades
Wed 4 Jun 2025
There have been 207 wildfires this year as of Friday – 40 more than in the same period last year.
EU climate chief lobbied Germany to back weakened 2040 goal
Tue 3 Jun 2025
The European Commission’s climate chief successfully lobbied Germany’s coalition government to endorse a controversial measure that weakens the EU’s next climate target.
Australia: Carbon tariff on the table for overseas businesses
Tue 3 Jun 2025
Labor has left the door open to a tax on cement and steel coming in from places not taking sufficient climate action.
Climate and weather scientists are joining the anti-Trump resistance in the most ‘scientist-iest’ way
Tue 3 Jun 2025
Forget marching in the streets with creative signs. For President Donald Trump’s second term, in the face of steep funding cuts for climate and weather research and forecasting, scientists have a new way of engaging the public: livestreamed presentations.
Death toll from Nigeria flash floods rises to 151
Tue 3 Jun 2025
At least 151 people in central Nigeria are now known to have died following flash floods that destroyed homes and displaced thousands of residents earlier this week.
