News & Press

Opinion
By Kaisa Amaral on 28 Nov 2019

What does flight shame have to do with global carbon markets?

In two parallel global climate processes governments need to finalise details for both international carbon markets under the Paris Agreement and the future aviation offsetting scheme CORSIA. Meanwhile, citizens are losing patience with their leaders that move too slowly in the face of a climate breakdown. Strong action is therefore expected from decision-makers if they…

Read more →

Opinion
By Gilles Dufrasne on 9 Oct 2019

Global carbon market negotiations are running out of (over)time

The talks on future global carbon markets are already in overtime after countries failed to agree on a global deal last December in Poland. Now even this extra time is quickly running out. Less than two months before the crunch time talks at the next UN climate summit, the number of unresolved issues appears to…

Read more →

Opinion
By Gilles Dufrasne on 28 May 2019

It’s time governments moved together towards strong global pollution pricing

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 →

Opinion
By Gilles Dufrasne on 25 Apr 2019

Shell’s salad years are over

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…

Read more →

Opinion
By Gilles Dufrasne on 25 Apr 2019

Canada’s industry should support carbon pricing, not fight it

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 →

Opinion
By Gilles Dufrasne on 25 Jan 2019

What does the current standstill in carbon market talks mean for the future?

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 →

Opinion
By ECO - COP24 on 12 Dec 2018

OMG(E)! Article 6 is Going Above and Beyond Offsetting! – ECO

Acronym’s abound in the UNFCCC process, and here’s another one…O-M-G-E stands for “overall mitigation in global emissions.” Say what?! The mechanism referred to in Article 6.4(d) of the Paris Agreement: “shall aim to deliver an overall mitigation in global emissions.” Yes, it’s wonky. So, let us tryagain: This is a mandate to reflect on the hard lessons learned from the…

Read more →

Opinion
By Gilles Dufrasne on 31 Aug 2018

Withdrawn UN advert shows why carbon offset scheme should be scrapped

The United Nations (UN) climate agency released a video this week mocking lifestyle changes, such as reducing meat consumption and flying, to promote the use of highly controversial credits to offset emissions. The video “Keep calm and offset” has since been removed, but inadvertently points to the main problems with offsetting, a concept that creates the illusion…

Read more →

Opinion
By Gilles Dufrasne on 24 Jul 2018

Green finance must be people-friendly

Today, civil society organisations have sent out a letter to leaders of the European Commission to call on them to adopt financial investment rules which will benefit both the people and the environment. The letter is part of a wider effort from civil society to make sure that “sustainable” finance does not end up harming people…

Read more →

Opinion
By Gilles Dufrasne on 19 Jun 2018

An elephant in the room

How offsetting threatens even the most ambitious carbon pricing initiatives As leaders from three major carbon pricing jurisdictions meet in Brussels this week, it is important to take stock of how effectively pollution is priced in China, Canada, and the EU, and how it can help deliver on Paris climate goals.   The 24th UN…

Read more →