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FINANCE

Moody's: Rest of world may pick up U.S. slack on emissions

Nations are still on track to reduce greenhouse gas emissions worldwide, despite promises from the Trump administration to roll back American environmental policies, Moody's Investors Service said.

In a report published yesterday, analysts at the ratings agency said the United States will likely set less ambitious emissions reduction goals than the Obama administration, a change that could undermine the Paris climate agreement reached in 2015.

PARIS AGREEMENT

G-20 won't water down climate agenda for Trump team

If Secretary of State Rex Tillerson wanted a seat at the table for international climate diplomacy, he's got one.

The newly minted chief U.S. diplomat is in Bonn, Germany, where he will spend today and tomorrow hearing about the role climate change plays in everything from peace to Africa's economic future, while likely fielding foreign leaders' concerns about the Trump administration's plans for the Paris climate deal.

EUROPEAN UNION

Ships and planes might have to pay for emissions

European lawmakers want planes and ships to pay more for their carbon emissions.

Two amendments to a broad reform package to the European Union's carbon trading scheme, which passed the European Parliament with widespread support yesterday, set up a showdown between lawmakers and those who support applying smaller carbon fees to air and sea vessels. The amendments could face opposition from industry, the U.N. bodies overseeing aviation and shipping, and other E.U. bodies.

About this report

E&E tracks work on a post-Kyoto agreement for curbing emissions of heat-trapping gases.

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Negotiations

Major Economies

China, India

Developing Countries

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