Has 73% Market Share Against India's 6%: Report India might have gained a headstart in the carbon market but it has been left behind by the China juggernaut. The latter has become the world leader in the carbon credit business with a market share of 73% in the volume of credits traded in 2007 as compared to India's 6%, a recently released World Bank report has said. But the entire carbon market could be in for a major shake-up depending on how the negotiations on the future of the Kyoto Protocol, which are to be concluded by 2009, shape up.

Group of Eight environment ministers urged their leaders Monday to agree at the July summit on a target of halving global greenhouse gas emissions by 2050, while prodding developed countries to

Experts gathering for the Group of Eight environment ministers meeting in the city known for its high-quality beef have a suggestion on how to reduce greenhouse gas emissions: Eat less beef. "One way to combat climate change is reducing meat consumption," said Ragendra Pachauri of the International Panel on Climate Change at a symposium Saturday, the opening day of the three-day climate meeting in Kobe.

US environmental advocates are nervous that record crude oil prices will lead to a boom in production of fossil fuels like motor fuel from coal, Canada's tar sands, or shale in Colorado that would emit more planet-warming gases than conventional oil. "High oil prices are a double-edged sword," said Deron Lovaas, an automobile expert at green group the Natural Resources Defence Council.

Millions Of Tonnes Buried By Norwegian Platform Sleipner Platform: With planet Earth engaged in a heated race against global warming, "carbon capture and storage' (CCS) has brought a ray of hope, and a Norwegian gas platform is leading the way. The Sleipner platform in the North Sea, a mammoth steel and cement structure, has successfully buried millions of tonnes of CO2 under the seabed for the past 12 years in a pioneering project.

All Nippon Airways Co said Thursday it will aim to slash annual carbon dioxide emissions stemming from its domestic flight operations by 200,000 tons as part of efforts to become a leading eco-friendly airline. ANA said it is the first time that an air carrier has set a numerical target for reduced CO2 emissions. The airline plans to curb average annual CO2 emissions from domestic flight operations to about 4.7 million tons from fiscal 2008 to fiscal 2011, compared with about 4.9 million tons in fiscal 2006 through March 2007.