OPEC oil output has risen in May as the group agreed to ease supply curbs under a pact with allies, a Reuters survey showed, although a drop in Iranian exports and involuntary reductions in African members limited the increase.
President Joe Biden's pick to head the Bureau of Alcohol, Tobacco, Firearms and Explosives on Wednesday confronted head-on a social media disinformation campaign waged against him, telling a U.S. Senate committee he played no part in a deadly 1993 encounter between agents and cult members in Waco, Texas.
World number two Daniil Medvedev has never won a match at the French Open, yet the Russian is feeling confident ahead of the claycourt Grand Slam, which starts on Sunday.
Belarusian Prime Minister Roman Golovchenko said on Thursday his government is proposing that Kazakhstan resume talks on supplying oil to Belarus, RIA news agency reported, following cuts in exports from Russia.
EnergyFactbox: Global climate schemes putting a price on carbon emissions
Susanna Twidale
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Water vapour billows from smokestacks at the incineration plant of Ivry-sur-Seine, near Paris, France, December 18, 2019. REUTERS/Charles Platiau/File Photo
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A World Bank report on Tuesday showed more than a fifth of the world s greenhouse gas emissions are now covered by a price on carbon dioxide (CO2) emissions to help meet climate goals. read more
A carbon cost can come in the form of a tax or via an emissions trading (ETS), or cap-and-trade, scheme.
An ETS sets a gradually decreasing cap on the emissions a sector, or group of sectors, can produce. It creates carbon permits for those emissions, which companies must buy for each tonne of CO2 they emit. Some sectors are given free permits to help maintain international competitiveness.