Most industries covered by the European Union's carbon market would see free credits cut by the highest possible rate over the next five years under draft plans, potentially costing some of the biggest polluters millions of euros.
Shares in Polish state-run utilities Energa and Enea gained on Friday after they froze financing of their joint project to build 1 a GW coal-fueled power unit, citing difficulties raising funds due to environmental concerns.
Island nations at risk of being erased from the map by rising seas accused rich countries of losing sight of the urgency of the climate crisis on Thursday as a marathon U.N. summit in Madrid entered its final stretch.
Carbon dioxide emissions from the world's advanced economies are set to rise slightly in 2018, breaking a five-year decline, mainly due to higher oil and natural gas use, the International Energy Agency says.
Almost 200 nations kept a 2015 global agreement to tackle climate change on track on Saturday after marathon talks overshadowed by U.S. President Donald Trump's decision to pull out.
Coal-reliant Poland aims to ratify an amendment to the Kyoto Protocol on carbon emissions this year, making it possible for the European Union to back the pact unanimously, the country's environment ministry said on Thursday.
