It’s been two years since the Paris climate deal was signed, and governments are busy working on the rules to put it into practice. Ahead of the UN Climate Change Conference in Bonn next week, we take a look at what is needed to ensure that international carbon markets increase climate ambition.
Shipping is (finally) onboard of climate action, with a plan to cut emissions from ships by 50% below 2008 levels by 2050. The solutions exist to decarbonise the sector, and an effective carbon price can help unlock the emissions reduction potential.
European Parliament has signed off on a key climate law, which covers the sectors outside the EU carbon market. Just how effective the law will be in helping Europe achieve its Paris climate goals will be determined by how it is implemented across the countries.
In other news, Carbon Market Watch will join the Carbon Pricing Leadership Coalition (CPLC) steering committee, with the goal to advance NGO engagement in carbon pricing debates. Read more about the discussions at the recent high-level annual assembly of the CPLC here.
Carbon Market Watch
– UN carbon markets – what to expect from Bonn?
– Head of IMF urges countries to adopt higher carbon prices
– Why we need a pollution price for shipping
– EU lawmakers give green light for key climate law – what’s next?
– Ticket tax: Both minimally effective AND incredibly impactful?