1 -Â China can learn from the US, says chief environmental regulator
Gina McCarthy, head of the Environmental Protection Agency, said yesterday that China can learn from Americaâs own struggle to reduce pollution, Reuters reports. She was speaking ahead of a visit to Beijing, Shanghai and other Chinese cities next week, where air pollution can reach hazardous levels.
2 -Â Greg Hunt defends scrapping carbon pricing
Speaking in Melbourne, Australian environment minister Greg Hunt has said that the governmentâs decision to scrap the âbrutalâ carbon pricing system is consistent with action being taken in other countries, and that the replacement Direct Action approach will be in place for decades, the Guardian reports. He said the new scheme, which has been criticised across the globe, will pass the senate by July next year.
3 -Â Canadaâs bid to become energy âsuperpowerâ at risk
Delays to the approval of new oil pipelines is threatening Canadian Prime Minister Stephen Harperâs hopes that the country will emerge as an energy âsuperpowerâ. This means Canada canât get its surging crude supplies to markets in Asia where prices are higher than in North America. âThe reality is itâs by no means certain which of them will be approved and built,âÂ Judith Dwarkin, director of energy research at ITG Investment Research Inc. told Bloomberg.
4 – UN carbon offset market âin a comaâ
Project developers say that the UNâs carbon offset market is likely to remain in a coma for years, following the failure of countries to resolve its difficulties at UN climate talks in Warsaw this month, according to Reuters. Investments in the $315 billion Clean Development Mechanism have ground to a halt as the value of credits has dropped 95% over the past five years to around âŹ0.30.
Â 5 – Delayed car emissions targets to cost EU ÂŁ21bn
A compromise made last week over the EUâs new car emissions regulations will end up costing the EU ÂŁ21billion, warns campaign group Transport & Environment. Business Green reports that plans to bring in implementation of a new 95g CO2/km target a year later than planned could cost motorists nearly ÂŁ650 each.