EU has agreed on its carbon market rules for the 2021-2030 period, but carbon prices will remain below levels required to achieve the Paris climate goals. Meaningful and rising carbon floor prices either at the national or regional level would speed up pollution cuts
Editorial Happy 2018, a pivotal year for stepping up climate action The World Economic Forum’s latest Global Risk Report places climate change as the number one threat facing the world in 2018 – a hot topic at this year’s meeting of world leaders in
Canada’s new nation-wide carbon pricing strategy is a promising step towards putting a robust price on pollution, but some of the scheme’s technical details such as intensity-based targets cast doubt on its environmental effectiveness. The start of a new year marks the launch of
This week, leaders from around the world are gathering in Davos to discuss the most pressing global issues of our time under the theme “Creating a Shared Future in a Fractured World”, with climate change likely to feature high on the agenda. For the
Scroll down for French and Spanish The International Civil Aviation Organization (ICAO) is currently finalising the rules for its carbon offsetting scheme that will enter into force come January 1 of next year. Lack of transparency and possibly non-binding offset credit criteria risk undermining
BRUSSELS 19 December 2017. The launch of the world’s largest carbon market sends an important political signal of China’s commitment to address climate change. Putting a price on pollution can incentivise the phase-out of fossil fuels, but the existing carbon markets have so far
Editorial The UN’s annual climate talks this year held in Bonn Germany saw moderate progress on implementing the Paris Agreement. However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against
In October, the private sector lending arm of the World Bank Group (International Finance Corporation, IFC) confirmed the cancellation of a controversial Santa Rita hydroelectric project in Guatemala, approved under the UN’s carbon offsetting scheme Clean Development Mechanism (CDM). The announcement follows a report
After six years of negotiations, the European Union and Switzerland have signed an agreement to link their carbon markets. This means that Swiss industries will be able to use European emission allowances and vice versa. The deal is significant in its symbolic nature as
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