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White House meeting aims to kick start US climate bill
President Obama this week rolled up his sleeves and waded into the increasingly fractious debate surrounding plans for a US climate bill, gathering key Democrat and Republican Senators in a meeting at the White House to discuss how to move the stalled legislation forward.
The meeting, which also included members of Obama`s cabinet, reportedly failed to deliver concrete breakthroughs but was still seen as a boost to the chances of passing flagship legislation that many observers believe has been neglected as a result of the White House`s focus on passing healthcare reform.
The meeting ... |
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Concerns mount over vague Japanese climate bill
Carbon traders and green businesses are increasingly concerned that Japan`s planned emissions trading scheme could be watered down after the government released a draft climate bill that provided few details of how the proposed initiative would work.
The bill, which was released last week, would enshrine the Japanese government`s high-profile commitment to cut emissions 25 per cent on 1990 levels by 2020 in the event of an international climate change deal being reached.
It would also provide the legal framework for a possible carbon tax to be introduced from next year, allow for the ... |
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