{"id":1804,"date":"2012-11-19T16:26:04","date_gmt":"2012-11-20T00:26:04","guid":{"rendered":"https:\/\/climatepolicyinitiative.org\/?p=1804"},"modified":"2026-05-22T23:41:06","modified_gmt":"2026-05-22T23:41:06","slug":"policy-watch-companies-ask-for-a-clear-carbon-price-us-on-track-to-become-worlds-largest-oil-producer-and-australia-ready-to-back-kyoto-protocol","status":"publish","type":"post","link":"https:\/\/www.climatepolicyinitiative.org\/id\/policy-watch-companies-ask-for-a-clear-carbon-price-us-on-track-to-become-worlds-largest-oil-producer-and-australia-ready-to-back-kyoto-protocol\/","title":{"rendered":"Policy Watch: Companies ask for a clear carbon price, US on track to become world\u2019s largest oil producer, and Australia ready to back Kyoto Protocol"},"content":{"rendered":"

This week, climate policy headlines from around the world include Australia\u2019s decision to back<\/a> the Kyoto Protocol\u2019s second phase, companies like Shell and Unilever calling for<\/a> a carbon price, and a report that puts<\/a> a $527 billion price tag on the U.K.\u2019s low-carbon energy sector needs.<\/em><\/p>\n

Uday Varadarajan<\/a> and Chiara Trabacchi<\/a> contributed headlines to this edition of Policy Watch.<\/em><\/p>\n

Shell, Unilever Lead 100 Companies Calling for CO2 Price<\/strong>
\nRoyal Dutch Shell Plc (RDSA) joined Unilever NV (UNA) and more than 100 companies calling for lawmakers worldwide to put a \u201cclear\u201d price on carbon emissions in order to contain global warming.<\/p>\n

Companies invest trillions of dollars in energy and infrastructure projects, and, in most cases, don\u2019t consider goals to cut greenhouse gases, the companies said today in a statement that\u2019s due to be presented to European Commissioner for Climate Action Connie Hedegaard in Brussels.<\/p>\n

\u201cA clear, stable, ambitious and cost-effective policy framework is essential to underpin the investment needed to deliver substantial greenhouse gas emissions reductions by mid- century,\u201d the companies said in the e-mailed statement. \u201cPutting a clear, transparent and unambiguous price on carbon emissions must be a core policy objective.\u201d Full article<\/a>.<\/p>\n

US can become world’s biggest oil producer in a decade, says IEA<\/strong>
\nThe US will shed its long-standing dependence on Saudi Arabian oil within the next decade, redrawing the world’s political systems, heralding a new era of geopolitics \u2013 and potentially leading to runaway global warming.<\/p>\n

In a report released last week, the world’s foremost energy watchdog, the International Energy Agency (IEA), said the US will benefit from so-called unconventional sources of oil and gas, including shale gas and shale oil, derived from blasting dense rocks apart to release the fossil fuels trapped within.<\/p>\n

These sources could fuel the US’s energy independence, and make the country the world’s biggest oil producer by 2017. But if pursued with vigour, they would also lead to huge increases in greenhouse gas emissions that would put hopes of curbing dangerous climate change beyond reach. Full article<\/a>.<\/p>\n

Australia ready to back Kyoto 2, NZ drops out<\/strong>
\nAustralia last Friday said it is ready to take on fresh greenhouse gas emission targets under the Kyoto Protocol if a number of conditions are met, while New Zealand confirmed it will not sign up to a new period of the U.N. treaty.<\/p>\n

The first commitment period of Kyoto, the world\u2019s only international legally binding treaty to cut greenhouse gas emissions, ends next month.\u00a0So far, only European nations have agreed to take on targets for a new period, while Canada and Japan have refused to sign up unless big emitters such as the U.S. and China also agree on emission limits.\u00a0Full article<\/a>.<\/p>\n

UK needs 330 billion pounds energy investments by 2030<\/strong>
\nBritain will need to invest 330 billion pounds ($527 billion) in its energy sector, excluding networks, by 2030 and return its economy to growth to meet carbon emissions reduction targets, the London School of Economics said in a report last week.<\/p>\n

Britain aims to cut carbon emissions by 34 percent below 1990 levels by 2020 and by 80 percent by 2050, but does not have a binding target for 2030. The investments are needed to build new power plants, retrofit existing ones with carbon-reduction technology and to limit energy demand. Full article<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, climate policy headlines from around the world include Australia\u2019s decision to back the Kyoto Protocol\u2019s second phase, companies like Shell and Unilever calling for a carbon price, and a report that puts a $527 billion price tag on the U.K.\u2019s low-carbon energy sector needs. Uday Varadarajan and Chiara Trabacchi contributed headlines to this […]<\/p>\n","protected":false},"author":206,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"programs":[480],"regions":[118,1189,334],"topics":[690,264],"collaborations":[],"class_list":["post-1804","post","type-post","status-publish","format-standard","hentry","programs-energy-finance","regions-europe","regions-united-kingdom","regions-united-states","topics-carbon-markets","topics-renewable-energy"],"acf":[],"yoast_head":"\nPolicy Watch: Companies ask for a clear carbon price, US on track to become world\u2019s largest oil producer, and Australia ready to back Kyoto Protocol - CPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/policy-watch-companies-ask-for-a-clear-carbon-price-us-on-track-to-become-worlds-largest-oil-producer-and-australia-ready-to-back-kyoto-protocol\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Policy Watch: Companies ask for a clear carbon price, US on track to become world\u2019s largest oil producer, and Australia ready to back Kyoto Protocol - CPI\" \/>\n<meta property=\"og:description\" content=\"This week, climate policy headlines from around the world include Australia\u2019s decision to back the Kyoto Protocol\u2019s second phase, companies like Shell and Unilever calling for a carbon price, and a report that puts a $527 billion price tag on the U.K.\u2019s low-carbon energy sector needs. 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