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The EU would be acting in its own economic interest if it raised its 2020 CO2 reduction target to 30%, says a European Parliament resolution approved on (last) Thursday, which also highlights forest protection and climate aid commitments to developing countries as critical areas for progress in upcoming international talks in Cancún, Mexico.

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Russia submitted for registration its first carbon emissions reduction project under a special United Nations procedure, a step that can signal “a substantial increase” of followers, the UN regulator said today.

The joint implementation project, created under a UN Kyoto Protocol mechanism, will be located at the Shaturskaya Thermal Power Plant near Moscow, the UN Framework Convention on Climate Change said in a statement from Bonn today. The so-called JI projects generate tradeable emissions-reductions units that countries can use to meet their obligations to cut greenhouse gases under the UN climate-protection treaty.

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National Grid has today become arguably the highest profile firm to date to tie environmental performance to staff remuneration packages in a move that will see executives financially rewarded based on the emission reductions their departments deliver.

The company announced today that it would implement carbon budgets across its entire operations from next month and incorporate compliance with those budgets into the performance management criteria it uses to gauge executives' salaries and bonuses.

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