"Economists say that carbon markets ... can become a powerful tool in the fight against climate change, by giving emitters a financial incentive to reduce greenhouse gases. But despite making progress in other areas, governments have for years been unable to agree on the rules that would allow truly global trade in carbon permits to flourish."
Economy & Business
"OPEC and its allies led by Russia on Thursday were moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent a glut, sources from OPEC and its allied producers said."
"Tariffs on solar panels implemented under President Trump have significantly harmed the U.S. solar industry, according to a new analysis released Tuesday."
"Taxpayers could be forced to spend billions of dollars to bail out the federal government's flood program as private-sector insurers begin covering homes with little risk of flooding while clustering peril-prone properties in the indebted public program."
"The number of insurers withdrawing cover for coal projects more than doubled this year and for the first time US companies have taken action, leaving Lloyd’s of London and Asian insurers as the “last resort” for fossil fuels, according to a new report."
"American Electric Power Co. and Southern Co. will not renew their membership in the American Coalition for Clean Coal Electricity next year, leaving the prominent trade association without any utility members."
"Ethical investors, including the Church of England, plan to extend their campaign for miners and other big businesses to stop funding industry associations that block progress on U.N. goals to curb climate change, they said on Tuesday."
"At least 11 department officials have cashed out for jobs with fossil fuel interests, lobbying firms or other private companies."
"The Great Recession put millions of homeowners underwater on their mortgages. Since then, the Congress has required periodic “stress tests” on large financial institutions to see whether they could withstand another economic blow."
"The National Park Service has disbanded an industry-dominated outdoor recreation advisory panel that wanted to expand private services at campgrounds across the country."