A new climate strategy is gaining ground among companies to achieve their climate goals: insetting. This means offsetting or reducing CO₂ emissions within a company’s own value chain. This can replace investing in external reduction projects, offsetting: that compensating or reducing place outside company’s own supply chain. For example through tree planting or mangrove restoration…
Author: jc
consutting attorney emissions trading
Linking Carbon Removals to the EU ETS – with a net negative emissions target after 2040
IPCC sees a need for CDR – nature-based AND direct air carbon capture and storage – of 7-9 Gt for the 1,5 Degrees target in 2050. The 2024 Emissions Gap Report writes that next NDCs “require a much faster progression through its formative phase to reach gigaton scale by mid-century“, mentioning 30-800 Mt of novel…
The Swedish Blueprint: CO2 Deals That Deliver on Climate Goals
At the recent Climate Summit in Baku, November 2024, world leaders took a bold step toward tackling the climate crisis. The summit gave the official green light for the use of carbon markets under Article 6 of the Paris Agreement, a mechanism designed to help nations meet their climate commitments while mobilizing much-needed climate finance…
Countries should take cooling targets
While we passed the 1,5° Degrees, as the IPCC predicted an overshoot, and reductions will bring temperatures down later, I believe that in addition to emission reduction targets, which only take effect after years, countries should additionally make temperature reduction commitments and start cooling their countries and cities. For example greening of about 1/3 of…
Whether ETS-2 will be effective in achieving the CO2 targets remains to be seen
To help achieve the EU’s 55% target for 2030 and 0 in 2050, the EU has determined that the EU Emissions Trading System for industry, energy, air and maritime shipping (ETS-1) will get a little brother as of 2027: ETS-2. This includes CO2 emissions from the combustion of fuels in traffic and for heating and…
Hague Court of Appeal will not establish an absolute reduction percentage for Shell
In its judgement on appeal the Court, November 12, 2024, considered the question whether Shell has the obligation under Duch Law to reduce all its global CO2 emissions by 45% by 2030 relative to 2019 levels. Milieudefensie et al. have sought a court order to this effect on the basis that Shell acts unlawfully if…
Updates and the future of carbon trading
Last week I joined for Anthesis the 24th annual GHG Trading Workshop by IEA-IETA-EPRI. I gave a presentation on the future of the carbon market, particularly EU #ETS after 2040. I highlighted how the EU ETS can get a #negative emissions target, gradually introducing carbon #removals from EU and global projects. Stephanie La Hoz Theuer of ICAP…
Zelf een oogje houden op hitte en fijnstof in de Utrechtse binnenstad
Een interview met Jos Cozijnsen (Milieucentrum Utrecht, 27 februari 2024) Meet je Stad Utrecht is een project van Milieucentrum Utrecht dat deelnemers zelf de temperatuur en andere factoren in hun omgeving laat meten door middel van hun eigen meetkastje. Ik ben langsgegaan bij een van deze deelnemers, Jos Cozijnsen, om te leren hoe hij het…