Doha Bank to Start Gulf’s First Carbon-Credits Exchange
Doha Bank plans to start the Arabian Gulf’s first carbon-credits exchange in 2009 to tap an emerging market for emissions trading.
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Climate Talks Start on Widening Kyoto to Outsiders…
Climate negotiators from more than 150 nations sought a global deal beyond 2012 this week to widen the UN's Kyoto Protocol to include outsiders such as the United States and China.
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…While the Outsiders Prepare For Their Own Meeting
Meanwhile, Asia-Pacific leaders will be asked to back practical ways for their nations to save energy when they meet at a regional summit in Sydney next month, Australian Prime Minister John Howard said this week.
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Climate Fight Brings Mega Profits to EU Power Firms
European power companies are making billions of euros in excess profits in the European Union's battle to beat global warming by cutting emissions of carbon gases, and consumers are paying for it, economists say.
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The High Environmental Costs of Bottled Water
Bottled water, the world's fastest growing beverage, carries a heavy environmental cost, adding plastic to landfills and putting pressure on natural springs, a recent report has concluded.
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Vestas Rides Favourable Wind to €1 Billion Sales
Danish wind turbine giant Vestas Wind Systems has reported a 19% surge in revenues in the second quarter, to just over €1 billion (US$1.4 billion), as demand for renewable energy continues to hot up.
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Builders Overestimate Cost Of Going Green, Says WBCSD
Builders, architects and estate agents massively overestimate the cost of 'green' buildings and underestimate their impact on climate change, according to a global survey by the World Business Council for Sustainable Development (WBCSD).
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Statoil Taps Gas from Arctic Field, LNG to Come in September
Norwegian oil and gas producer Statoil received the first gas from its Snoehvit field in the Arctic on Tuesday and said it would open Europe's first liquefied natural gas (LNG) export facility next month.
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Indonesia's Medco to Invest in Ethanol
Indonesia's largest-listed energy firm, PT Medco Energi Internasional, plans to spend US$135 to US$144 million on three ethanol plants, a newspaper reported last week.
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Biodiesel Surges in USA
Imperium Renewables has opened the US's largest biodiesel production plant near Aberdeen, Washington, southwest of Seattle. The new facility in Grays Harbor has the capacity to produce 378.5 million litres of biodiesel per year, which is greater than the entire US production of biodiesel in 2005.
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