This week, UN climate negotiators are meeting in Bonn, Germany, to try and find common ground on the Paris Agreement’s market provisions. There is growing political momentum to move beyond offsetting in global climate policy, but only a handful of countries around the negotiating table are willing to walk the talk. “We can no longer …
After over a decade of testing carbon pricing schemes, countries should explore lessons learned and start working on a collective implementation of carbon pricing through the Paris agreement. A new report from the International Monetary Fund (IMF) supports price floors for carbon markets and suggests that the Paris agreement should constitute a basis for starting …
Read more “It’s time governments moved together towards strong global pollution pricing”
Recently, the oil giant Shell has made headlines following its announcement that it would invest $300 million in tree planting projects and offer its clients a chance to buy forestry offsets to achieve “carbon neutral driving”. Sounds good? In reality, this approach is problematic for various reasons. Shell declared that it would invest $300 million …
First published on Carbon Pulse on 24 April 2019 The Canadian industry associations’ claims about the negative impact of carbon pricing on jobs and competitiveness are exaggerated and lack empirical evidence. Pollution pricing incentivizes companies to innovate, which will be necessary to guarantee their competitiveness in the long-term. Six months before the Canadian federal election, …
Read more “Canada’s industry should support carbon pricing, not fight it”
A new paper published in Nature Climate Change confirms that relying on outdated Clean Development Mechanism (CDM) carbon credits to compensate aviation emissions will do nothing for climate action. You can read the full paper here (paywall): Warnecke et al. (2019): “Robust eligibility criteria essential for new global scheme to offset aviation emissions”, Nature Climate …
Aviation emissions have increased by 10% in Europe between 2014 and 2017, according to the 2019 Aviation Environmental Report, as efficiency improvements are not keeping up with growth of demand. Last week, the Dutch finance minister invited other European Member States to consider the implementation of a European carbon tax for aviation, and announced an …
Die deutsche Kohlekommission, beauftragt mit der Prüfung der Realisierbarkeit des Kohleausstiegs in Deutschland, veröffentlichte Ende Januar ihren Bericht, mit dem das Land auf Kurs gebracht wird, bis 2038 kohlefrei zu sein. Der progressiven Kohleausstieg, den der Plan vorsieht, ermöglicht Deutschland, seine Emissionsziele in der Energiebranche bis 2030 zu erfüllen, nachdem offiziell bestätigt wurde, dass das …
It’s been a month since the closing gavel fell on COP24 in Katowice, Poland. Negotiations on the rules that will govern international climate policy over the coming decades -commonly known as the “Paris rulebook” were supposed to be agreed in full during this session. However as the talks ran into overtime and countries could not …
Read more “What does the current standstill in carbon market talks mean for the future?”
World leaders are gathering once again in Davos this week for the World Economic Forum, under the theme of “Globalization 4.0”, a reference to the fourth industrial revolution brought about by digital technologies. Climate Change and environmental concerns such as water shortages and air quality are continuing to grow in importance, and dominate the ranking …
Read more “Davos: Global leaders must fight inequality through carbon pricing”
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