Greenhouse gases from the European Union rose more than 2 percent in 2010 when a cold winter and a rebound in many economies drove up energy use, breaking a multi-year pattern of emissions declines

Europe warned at climate talks in Bonn on Wednesday that efforts to forge a new global pact to avert environmental disaster were in danger of floundering, and some pointed fingers at China.

Greenhouse gas emissions for the European Union increased in 2010, despite the economic recession and policies intended to tackle climate change.

China's central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statem

Hopes are fading that climate talks in Qatar late this year will make even modest progress towards getting a new globally binding climate deal signed by 2015, as preliminary negotiations in Germany

China spurred a jump in global carbon dioxide (CO2) emissions to their highest ever recorded level in 2011, offsetting falls in the United States and Europe, the International Energy Agency (IEA) s

Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said.

The price of carbon credits is likely to double this year, due to a recovery in demand from the European Union.

A recent report by Barclays Capital, the global consultancy firm, forecast the Certified Emission Reduction (CER) price to surge 92 per cent in the first half of this year. Indian analysts estimate it would almost double before the end of 2012. Currently, a CER unit for near-month delivery on the European Energy Exchange is quoted at 3.55 euros.

Germany has asked for discussion on deeper EU carbon emissions cuts to be put on the agenda at a meeting of environment ministers in June, EU sources said.