The voluntary CO2 market (VCM) plays an initial role for novel CDR demands and in the finance of storage of carbon dioxide, but will ultimately remain too small. The mandatory, regulatory CO2 market, like the EU ETS, is indispensable to deliver the amount of removals necessary. By 2040 CDR should be supported by dedicated policies…
Category: Domestic Offsets
We have the Fund, 7 years rest to close the emissions gap; the CO2 market can help bridge it
The CoP27 climate talks in Sharm el Sheik ended in agreements, but the consensus rule made it extra hard this year, as many nations suffer climate disasters, war and energy crisis. I was not at the CoP this year, but was involved via the International Emissions Trading Association. Groundbreaking was, against the background described before,…
Nations develop strategies for a smart use of the global carbon market to help meet Paris goals
The Paris Agreement Parties adopted at CoP-26 in Glasgow in 2021 Art 6.2 guidelines, to make use of international carbon trading to help meet the Paris goals and a new centralized carbon credit issuing mechanism (Art 6.4). Parties are now preparing to operationalize these guidelines and to setup the Supervisory Body for Art 6.4, to…
Six tips to make the climate summit to a success
The annual climate summit, after a year of Corona postponement, is happening in Glasgow as CoP26, the first two weeks of November. I will attend the CoP for Climate Neutral Group. And I give hereby my six tips for the summit summarized in a few words: you get more ambition with more flexibility. My tips…
UN won’t make carbon markets ambitious & voluntary carbon markets spur ambition and transparency
During the on-line climate meeting the previous 2,5 weeks there was progress, the UNFCCC Executive Secretary said during the press briefing. However, that does not seem the case on the issue of guidance on the use of carbon markets to help increase ambition in the implementation of the Paris Agreement. “Talks on carbon markets and…
EU CO2 target requires flexibility. Switzerland signs a CO2 deal with Peru. Sweden prepares deals.
The European Commission’s “Impact Assessment”, presented with the climate proposals for 2030, describes various scenarios for achieving the CO2 targets. What is striking is that there is still a gap in the emissions budget. The Commission wants to promote CO2 storage in nature and soils through additional market incentives. That is indeed an important, but…
COVID-19 and Climate Change Each Require Targeted Treatment and Improved Behavior
We’ll meet the COVID challenge by improving our current treatments and practices, not by either jettisoning them or letting the disease run its course. Here’s how that same logic applies to climate change. “Let’s be more pragmatic: the antidote is here!” My contribution on EcosystemMarketplace
Duits klimaatplan introduceert nationaal ETS maar wil Europees
Na maandenlange onderhandelingen zijn CDU en SPD er uit: vrijdag introduceerden ze een klimaatpakket om in 2030 38% CO2 te reduceren in de niet emissiehandelssectoren. Dat gaat met name om de gebouwde omgeving (14% van het totaal) en verkeer (20%). Nationaal wil men 55% reduceren en klimaatneutraal zijn in 2050. Eerder had men al tot…