Carbon emissions trading is poised to go global, and billions of dollars — maybe even trillions — could be at stake. That's thanks to last month's U.N. climate summit in Glasgow, Scotland, which approved a new international trading system where companies pay for cuts in greenhouse gas emissions somewhere else, rather than doing it themselves. In theory, it's a more efficient way to fight climate change, paying for clean energy or forest preservation in countries that lack the resources to do it on their own. "Those financial flows are so crucial to climate action," says Kelley Kizzier, vice president for global climate at the Environmental Defense [...]

Draft law is intended to prosecute offences against the environment As per a recent article in the Gaurdian, Legal experts from across the globe have drawn up a “historic” definition of ecocide, intended to be adopted by the international criminal court to prosecute the most egregious offences against the environment. The draft law, unveiled on Tuesday, defines ecocide as “unlawful or wanton acts committed with knowledge that there is a substantial likelihood of severe and widespread or long-term damage to the environment being caused by those acts”. The Stop Ecocide Foundation initiative comes amid concerns that not enough is being done to tackle [...]