Reluctance to raise ambitions to cut greenhouse gas emissions due to economic constraints is threatening progress towards limiting global warming, delegates at United Nations' climate talks in Germ

Old divisions between developed and developing countries in who should lead the fight against climate change should be laid aside, according to ministers from some of the world's poorest countries and European representatives meeting on May 8.

The vexed issue of which countries should bear the greatest responsibility for cutting greenhouse gas emissions has been a sticking point in international negotiations for two decades. Under the original settlement reached in 1992 at the Rio Earth summit, and formalised in the 1997 Kyoto protocol, some rapidly emerging economies such as China were left out of the roster of obligations to curb emissions.

EU nations have yet to come up with a plan on how to fill a multi-billion euro fund to help tackle climate change, even as the region's executive body hosts talks with countries likely to bear the

Australia and New Zealand have missed a deadline to set post-2012 emission reduction targets under the Kyoto Protocol, with both governments saying they will decide whether to continue to be legall

Global demand for carbon credits, especially in Europe for economic reasons, has been declining since 2010

With the prices sliding of Certified Emission Reduction (CER) certificates traded on the international exchange, Indian companies holding the credits are bracing for tough times. Brokers trading in CERs have started to downsize their carbon desk and the ones holding these are looking for buyers. “The demand for CERs is low, which saw the prices slide. Aggregators of credits and the intermediaries, have started feeling the heat.

Peru became the latest developing country to enact a domestic climate change initiative in the absence of a binding global pact, adopting a resolution on Thursday to lower carbon emissions in its f