News & Press

Opinion
By Gilles Dufrasne on 20 Jan 2020

International carbon markets at the frontier to the wild west

The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on the table would have legitimised the use of markets riddled with loopholes. Far from ideal,…

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Opinion
By Kaisa Amaral on 13 Dec 2019

Do you want to solve the climate crisis – or do you want to cheat?

The article was first published on Carbon Markets at COP25 blog on 12th December 2019 There is a lot at stake in the UN climate conference in Madrid. If countries agree on bad rules for the future global carbon markets, the world will lock in a system that does nothing to reduce emissions – in…

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Opinion
By Kaisa Amaral on 5 Dec 2019

4 reasons why only new, good (!) projects should be funded under Article 6

Originally published in Carbon Markets at COP25 blog on 2 December 2019 Starting today and continuing over the coming days, we’ll break the issue down into four key elements that could make or break the future carbon market schemes. One of the thorniest issues is the question of whether or not the old credits from…

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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…

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Opinion
25 Oct 2019

Carbon taxes globally too low to address the climate crisis – OECD

Governments do not deploy energy and carbon taxes to their full proposal, the latest “Taxing Energy Use” report by the Organization for Economic Co-operation and Development (OECD) finds, urging for higher pollution prices to effectively address the climate crisis.  Pricing high-carbon activities is an effective tool for making polluters pay while encouraging them to switch…

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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…

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Opinion
By Gilles Dufrasne on 24 Sep 2019

Aviation needs a credible long-term climate strategy 

The UN aviation body must urgently set robust, science-based long-term climate targets if the industry wants to win back the confidence of both investors and customers. Many Europeans are losing patience with airlines’ defensive attitude towards the aviation industry’s climate impact and are taking matters into their own hands – by choosing not to fly. …

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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…

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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…

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