Al Gore seeks earlier start to Kyoto successor
Former United State Vice-President Al Gore has urged that a new climate change treaty be brought forward to commence in 2010, saying the next US President, to be installed in 2009, could push for the US inclusion in a new treaty. Meanwhile, George Bush agreed with fellow leaders at the G8 meeting in June 2006 to cut emissions by 2050.

AP-6 'not the answer'
The Asia-Pacific Partnership for Clean Development and Climate, the six-nation alliance of big polluters drawing in China, Japan, the United States, India, Australia and South Korea, was not the answer to the search for a wider post-Kyoto pact to combat global warming, John Ashton, Britain's Special Representative on Climate Change, said.

Danes hope for agreement at 2009 summit
Denmark will host a United Nations environmental summit in 2009 at which the Scandinavian country hopes nations will agree on a new climate change treaty to replace the Kyoto Protocol. The new agreement should include the United States, which rejected Kyoto, and other major polluters like India and China, Danish Prime Minister Anders Fogh Rasmussen said.
Initial talks for a succor of the Kyoto Protocol are now scheduled for the Bali summit in late 2007.

Britain proposes legislated targets
Britain has became the first country to propose legislation setting binding limits on greenhouse gases, as it steps up its campaign for a new global warming pact to succeed the Kyoto Protocol. In its draft Climate Change Bill, the Government said carbon dioxide emissions had to be cut by 60 per cent by 2050. It also set out five-year carbon cutting budgets to reach the target and created an independent monitoring committee to check progress annually.

Emissions cuts commitment of EU strengthen markets
The decision by European Union leaders to cut greenhouse gas emissions by a fifth by 2020 strengthens the future of carbon markets both in Europe and under the Kyoto

Market 'doubled' in 2006
The size of the global market for greenhouse-gas emission permits more than doubled to 22.5 billion euros ($30 billion) last year, according to Point Carbon, an Oslo-based research and publishing company.

First post-2012 trade
Morgan Stanley and RNK Capital have completed the first deal to trade European Union carbon emissions permits for delivery after 2012, hinting at growing confidence that carbon markets are here to stay. Several institutions have also announced to buy post-2012 credits, while the World Bank will set up a multi-billion Post-2012 Carbon Fund.

US investors eye market
United States investors are already tapping the global carbon emissions trading market, and gearing up for what they hope will be a huge market once the United States establishes its own national scheme to reduce greenhouse gases, said speakers at a carbon-emissions trading conference in San Francisco. Depending on the proposal, a federal scheme in the United States could see demand for carbon credits between 300 million metric tons a year and 1.3 billion tons by 2015.