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December 4, 2008 11:11:11 AM CST

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5 Stories

Billions Wasted in UN Carbon Program: Study

Most funded projects 'won't reduce emissions'

Guardian (UK) Guardian (UK) May 26, 08 3:38 AM CDT
(Newser) - Billions of dollars spent to encourage developing nations to cut greenhouse gas emissions are being wasted on projects that don't qualify, according to two new studies of the UN's carbon credit program. The Kyoto agreement arranges for wealthy countries unable to meet emission reductions to instead subsidize green energy projects in developing countries. But the fund is routinely abused by energy companies in developing countries improperly claiming emission reduction credits. More »

More about:  United Nations • carbon emissions • green energy • clean energy • Kyoto Protocol • carbon trading • Kyoto treaty

Going Greener Won't Cut Much* Into Bottom Line: Study

*If governments are smart with policies

Wall Street Journal Wall Street Journal Apr 3, 08 7:54 PM CDT
(Newser) - Cutting greenhouse-gas emissions will put a dent in the world's bottom line, but the damage could be minimal with the right economic policies, the International Monetary Fund forecasts. A 60% reduction of 2002 emission levels will reduce global growth by 2.6% come 2040, but the world's economy would still double in size, the Wall Street Journal reports. More »

More about:  China • India • global warming • energy • greenhouse gases • IMF • clean energy • International Monetary Fund • cap and trade • carbon trading

Multinationals Have Suppliers Feeling Green

Firms to monitor environmental impact of distribution as well as manufacturing

Wall Street Journal Wall Street Journal Oct 9, 07 2:01 PM CDT
(Newser) - Some of the world’s largest firms are uniting to encourage their suppliers to incorporate environmental awareness into their operations. Procter & Gamble, Unilever, and other multinationals hope to shrink their carbon footprints, educate consumers—and soften the potential financial impact of climate change legislation that hasn't even been proposed but appears inevitable, the Journal reports. More »

More about:  climate change • carbon footprint • carbon trading • corporate responsibility

Big Business Fuels Green Boom

Fear of dot-com-like bust grows as money chases scarce ideas

CNN CNN Sep 1, 07 5:17 PM CDT
(Newser) - Greed and idealism are converging as big business propels today’s clean energy industry, CNN reports. Silicon Valley entrepreneurs are pulling in capital for oil and coal alternatives, while across the pond, London financiers swapped more than $30 billion last year in "pollution permits"—credits companies can sell if their factories produce less pollution than permitted. More »

More about:  business • environmentalism • carbon emissions • markets • carbon trading

Carbon Offsets Are Often Scams

Trading on eco-guilt, firms are selling worthless carbon credits

Financial Times (UK) Financial Times (UK) Apr 26, 07 7:56 PM CDT
(Newser) - Carbon offsets—the credits gas-guzzling consumers buy to cancel out their carbon production—may do little or nothing more than assuage consciences, a Financial Times investigation concludes. Some companies sell worthless credits; others use them to finance environmental projects they had planned anyway. And consumers have no means to know when they're getting scammed. More »

More about:  climate change • environment • global warming • carbon emissions • consumer • carbon footprint • carbon offsets • carbon trading

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