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EU carbon market's free handouts are impeding climate action, auditors say

The European Union should change the way it hands out free pollution permits in the bloc's carbon market, which is failing to bring about deep cuts in emissions.

Climate change to be key element in next Canadian budget: finance minister
www.reuters.com

Climate change to be key element in next Canadian budget: finance minister

Climate change will be a key element in Canada's next federal budget, Canadian Finance Minister Bill Morneau said on Monday, as he kicked off public consultations on the spending bill.

Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan
www.reuters.com

Exclusive: Germany eyes fiscal U-turn with new debt to finance climate plan

Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection program with new debt, a senior government official said.

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