Media Advisory: Announcement of EU climate pledge for UN climate deal may undermine 40% domestic climate target by 5%

by Eva FilzmoserLand use and forestryPosted on Comments are Disabled

The EU is expected to sign-off on its official international climate pledge – the so called Intended Nationally Determined Contribution (INDC), with an announcement on 6 March at the next meeting of the EU’s Environment Ministers. This announcement will make the EU the first region to flesh out its pledge following the Lima UNFCCC meeting. …

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Reap what you sow: participation in a global carbon market should be limited to countries with ambitious climate targets

by CMW2050 climate strategies, Global marketsPosted on Comments are Disabled

The role of future carbon markets will rank high on the agenda in Lima. Against the insufficient climate action pledges that have been made so far, a key issue in Lima will be to establish participation criteria that will only allow those countries with a mitigation target in line with the 2°C target to participate in international carbon markets.