Mumbai: The turmoil in the financial world notwithstanding, 2008 saw a doubling of the global carbon market to an estimated over $126 billion, according to the latest World Bank report

The UN climate change negotiating text leaves no one fully satisfied, especially given the yawning gap between positions of rich and poor countries

Temperatures are set to rise as negotiators gather to prepare for the crucial December Copenhagen climate agreement that will replace the Kyoto Protocol.

Carbon market professionals hope speedy U.S. Congressional approval of a federal cap and trade scheme will boost emissions trading, which is threatened by recession and slow U.N. climate talks.

The world's biggest greenhouse gas producers have edged closer to agreement on a deal to fight global warming at crucial climate change talks in December, Canada's Environment Minister Jim Prentice said on Thursday.

Canada's rules for cutting greenhouse gas emissions may not come into effect by 2010 as had been planned, Environment Minister Jim Prentice said on Thursday.

The rules may be ready by next year but the implementation timing will depend on discussions with other countries -- including the United States, Canada's largest trading partner-- for economic competitiveness reasons, Prentice said.

Nancy Pelosi, the House speaker, met China

The impact of climate change is accelerating at an "alarming" pace and urgent action must be taken, U.N. Secretary-General Ban Ki-moon said on Wednesday.

Global emissions of the main greenhouse gas carbon dioxide will jump more than 39 percent by 2030 without new policies and binding pacts to cut global warming pollution, the top U.S. energy forecast agency said on Wednesday.

Nearly 200 nations are set to meet late this year in Copenhagen to hash out a new agreement to control greenhouse gases as the Kyoto Protocol expires in 2012.

Uncertainty that a global climate change deal can be reached at Copenhagen in December has dented confidence in the global greenhouse gas emissions market, a survey released on Wednesday showed.