Carbon Market Watch Newsletter – October 2017
In less than two weeks, the climate community will gather in Bonn to discuss how to put the landmark Paris climate deal into action. When it comes to markets, rather than rushing to lock in rules that repeat past mistakes, it is important to ensure that future measures truly increase climate action and foster sustainable development.
At the same time, the UN’s aviation body (ICAO) will meet in Montreal to decide on the rules for its future offsetting scheme CORSIA. Mired in secrecy, the aviation deal risks undermining the Paris goals unless steps are taken to prevent double counting of reduction efforts towards different commitments.
While national governments seem to be dragging their feet when it comes to climate action, European cities and regions are delivering innovative solutions that contribute to Europe’s climate efforts and improve the quality of life for millions of city dwellers. As we head to Bonn for the next round of climate talks, this kind of multi-level action will need to be strengthened in the future to reach the Paris goals.
Carbon Market Watch
– Time for ICAO to open its climate change black box
– On Kyoto, Paris, and carbon markets
– Closing the loopholes in the EU’s centerpiece climate law (Op-Ed)
– EU delays climate action for international flights (press release)
– Governments miss chance to align key climate law with Paris (press release)