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European parliament approves reform of carbon market
08 July 2015The European parliament has voted decisively to approve a reform of the EU's pioneering emissions trading system (ETS) that is designed to make the market more resilient to external shocks.
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ETS reform could see carbon price treble by 2020, say analysts
06 May 2015The price of EU emission allowances (EUAs) could rise to more than €20 ($22.5) by 2020 from their current level of about €7.5, as a result of an agreement to curb the excess supply of allowances, analysts said.
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EU energy, climate change plans get mixed reception
26 February 2015Industry and NGOs have given a mixed reception to the European Commission's new proposals to improve energy security and reduce carbon emissions within the EU.
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Business welcomes EU Parliament vote on carbon market reform
25 February 2015Industry and investor groups have welcomed yesterday's vote by the EU Parliament's environment committee to introduce a 'Market Stability Reserve' (MSR) into the EU Emissions Trading System (ETS) in 2018.
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Green Climate Fund's firepower hits $9.3bn
20 November 2014The Green Climate Fund (GCF) has seen its firepower boosted to $9.3 billion after eight more countries pledged funding.
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Business welcomes EU 2030 emissions goal, but not renewables target
28 October 2014Industry and investors have broadly welcomed the EU's new climate and energy policy framework for 2030.
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Risk-sharing instruments get approval from Green Climate Fund
21 October 2014The UN's Green Climate Fund has approved the use of financial guarantees and other risk-sharing instruments that it believes will help leverage private capital in support of the fund.
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Green Climate Fund reaches $2.3bn
24 September 2014The Green Climate Fund (GCF) has now received $2.3 billion of funding from countries across the world, following yesterday's Climate Summit in New York.
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Undersupply warnings for South Africa's nascent carbon market
31 July 2014South Africa's plans for a domestic carbon offsetting scheme risk being hamstrung by a lack of supply, market observers have warned.
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Senate rejects attempt to repeal Australia's carbon tax
10 July 2014Australia's senate has voted down the government's attempt to repeal the controversial Carbon Pricing Mechanism or 'carbon tax'.