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.
The U.S. presidential election pits a politician who plans to tie the country's economic recovery to tackling climate change against another determined to remove as many regulatory hurdles to oil, gas and coal production as possible.
The European Commission sought to boost the flow of private money to tackle climate change on Tuesday by publishing guidelines on what qualifies as environmentally friendly investment, in a move welcomed by the financial industry.
Norway says it will build a wind park in an area used for reindeer grazing despite U.N. calls to suspend the project to study the impact on the indigenous herders' livelihoods.
U.S. Environmental Protection Agency chief Scott Pruitt said on Wednesday that he now has a legal fund in place to help him fight off a growing list of allegations related to his spending and reported ethical missteps.
