Secure, reliable and affordable energy supplies are needed for sustainable economic growth, but increases in associated carbon dioxide (CO2) emissions, and the associated risk of climate change, are a cause of major concern.
Europe has started moves to help China develop technology to trap and bury carbon dioxide (CO2) underground in the fight against global warming.
Carbon Capture and Storage (CCS), a process of burying harmful gases, is seen by some as a potential silver bullet to curb coal-fired power plants' emissions, which are multiplying rapidly and threaten to heat the atmosphere to dangerous levels.
Gordon Brown, the Prime Minister of UK, delivered a speech on the Roadmap to Copenhagen manifesto on the challenge of climate change and development in London on Friday 26th June 2009.
A spokeswoman for the parliamentary group of Chancellor Angela Merkel's conservatives said the group will reconsider the carbon capture and storage (CCS) law again in two weeks.
Boosting investments in the conservation, rehabilitation and management of the earth's forests, peat lands, soils and other key ecosystems could deliver significant cuts in greenhouse gas emissions and avoid even more being released to the atmosphere, said a new report by the United Nations Environment Programme (UNEP).
It could save the rainforests of Borneo, slow climate change and the international community backs it. But a plan to pay tropical countries not to chop down trees risks being discredited by opportunists even before it starts.
The Norwegian government said on Wednesday it would assess the impact of climate change on financial markets and urged global investors to join forces.
The finance ministry will undertake the study in its role as owner of Norway's $350 billion sovereign wealth fund which invests the country's oil wealth in overseas stocks and bonds.
The United States wants to forge a partnership with China, bringing the world's two biggest emitters of greenhouse gases together to address global warming, Washington's top climate diplomat said on Wednesday.
