First published on Euractiv on 2 May 2019 Latest data shows that the market-based solution alone is not enough to cut carbon pollution from heavy industry in line with the Paris Agreement goals. A new industrial policy mix is needed to ensure Europe is on a pathway to net-zero carbon emissions by 2040, writes Agnese Ruggiero….
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,…
The aviation sector must not escape an effective tax on its emissions “A great, great deal has been said about the weather, but very little has ever been done” – Marc Twain On Friday 15th of March, Carbon Market Watch took to the streets with more than 30,000 people as part of the Fridays for…
A Luxembourg court has confirmed that its government can reclaim free pollution permits that were given to steelmaker ArcelorMittal to cover emissions at a closed plant under the EU Emission Trading System. While the big polluters cling on to the very profitable free allocation under Europe’s carbon market, solutions exist that would set the industry…
During a closed door session, the Council of the International Civil Aviation Organization (ICAO) –the UN body responsible for global aviation– approved the eligibility criteria for what offsets can be used under the new aviation pollution scheme. While an important step, the decision leaves the door open to billions of older ‘junk’ emission units that…
A new paper published in Nature Climate Change confirms that relying on outdated Clean Development Mechanism (CDM) carbon credits to compensate aviation emissions will do nothing for climate action.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…
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…
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…
Kaisa Amaral, Media Manager
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