International Update Volume 47, Issue 28
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<p>EU policymakers are split over carbon market reforms ahead of U.N. climate talks scheduled in November. Negotiators for EU nations and the European Parliament will meet October 12 to try to finalize reforms to the EU Emissions Trading System. The cap-and-trade system has suffered from a oversupply of permits. Negotiators are still striving to bridge divisions over how to balance environmental ambitions with protection for energy-intensive industries.

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<p>Norway will study ways to make its economy greener and reduce dependence on oil and gas. The government believes oil reserves are likely to lose value amid efforts to slow climate change. A government commission will examine ways to insulate itself from financial risks linked to climate change, and the government believes it needs to look for new businesses based on emerging technology to meet its goals.

<p>The sale and export of almost all ivory items would be banned in the UK under plans set out by the government. The government says there will be some exemptions for musical instruments and items of cultural importance. There were more than 36,000 items exported from the UK between 2010 and 2015, more than three times that of the next biggest exporter, the US. Conservationists argue that these sales stimulate the demand for ivory and are linked to increased elephant poaching across Africa.

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