The European Union is considering 12 more years of state aid for coal, a draft European Commission document showed, even as the Group of 20 prepared to discuss phasing out fossil fuel subsidies this weekend.   Source: Reuters

Cutting the number of cattle in the country in a bid to meet greenhouse gas targets would cost the beef industry EUR 600m, a Teagasc conference on climate change heard yesterday.   Source: Independent

Enel SpA, the biggest investor in UN-backed carbon emissions projects, is lobbying the European Union to recognize reductions in greenhouse-gas emissions it financed in China and India as officials look to curb profits that power companies reap from climate policy.   Source: Business Week

The U.K. needs a “meaningful carbon price” to underpin investment in cleaner energy, the Cabinet minister in charge of energy said.   Source: Business Week

Agriculture is unlikely to be included in the emissions trading scheme in the next five years, Prime Minister John key told a farmers group on Friday.   Source: Radio New Zealand News

Renewed negotiations between a New Zealand-registered organisation and the Ukraine government over the purchase of 50 million carbon credits rest the government coming to the party.   Source: The National Business Review

Corporate earnings from trading in certified emission reduction or carbon credits has caught the eyes of income-tax department. Tax authorities plan to closely look at companies found active in carbon trading after finding non-payment of taxes on such earnings.   Source: Economic Times

The Central Valley, the Los Angeles/Inland Empire, the Bay Area and the San Diego/Border regions are the targets of a new USD 200m program from the California Air Resources Board to reduce diesel emissions from heavy-duty trucks and other sources.   Source: Central Valley Business Times

Environment groups are angry at a deal by a coal company to export up to 20 million tonnes of brown coal a year from Victoria and say it's not a good look for new prime minister Julia Gillard.   Source: The Sydney Morning Herald

JPMorgan Chase & Co. is reorganizing EcoSecurities, the carbon-emissions company it bought for USD 206m, to pursue further takeovers even as the market for greenhouse gases shrinks.   Source: Business Week

In a significant step signalling India’s efforts to reduce emission of greenhouse gases, the Cabinet on Thursday approved the implementation framework of the National Mission for Enhanced Energy Efficiency, which is one of the eight missions under the National Action Plan on Climate Change.   Source: Economic Times

The Japanese government has launched a campaign encouraging people to go to bed and get up extra early in order to reduce household carbon dioxide emissions.   Source: Telegraph