1.The voluntary CO2 market (VCM) plays an initial role in the storage of carbon dioxide, but the VCM will ultimately remain too small. The mandatory and regulatory CO2 market, like the EU ETS, is indispensable to deliver the amount of removals necessary. IPCC definition of Carbon Dioxide Removal (CDR): ”Anthropogenic activities removing carbon dioxide (CO2)…
Tag: Carbon Leakage
Tightening EU ETS leads to zero emissions before 2040
The tightened and expanded ETS CO2 trading system is part of the so-called ‘Fit for 55’ package and helps to achieve the total CO2 target of 55% reduction in 2030 (laid down in the European Climate Act). The new ETS is gratifying news: it leads to zero emissons already by 2039. With full implementation, the…
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,…
IPCC: “Net-Zero” approach helps meet temperature goal
Eventually all global emissions must be zero but we can win time with a “net” approach if we do a proper climate accounting. The report of Working Group III of the IPCC says “meeting the long-term temperature objective in the Paris Agreement implies a rapid turn to an accelerating decline of greenhouse gas emissions towards…
Quick Assessment EUs Fit for 55 Plan #FF55
See: EU Commission site
Impact of the Shell judgement on climate policy: more ambition and more flexibility
The Paris Agreement legally binds countries: they must therefore make plans for companies to achieve the temperature targets. For industrialized countries, that means a 50% reduction in 2030 compared to 1990 and zero emissions in 2050! Countries are not there yet with their climate plans, but a large number is working on tightening up. The…
Hét moment voor een minimum EU CO2-prijs is nu
De EU kan zich met Merkel en Macron sterk maken voor een ambitieus klimaatbeleid. Omdat onder andere Duitsland, Nederland en Zweden een hogere CO2-prijs nodig hebben om energietransitie te versnellen en kolencentrales uit te schakelen, is dit het moment om de Europese Commissie te vragen een voorstel te doen voor een minimumprijs voor de veiling…
Klimaatactie gaat door, maar Amerika verliest leiderschap
Steun voor CO2-heffing op Amerikaanse import neemt toe De aankondiging in de White House Rose Garden van Donald Trump dat hij het Parijs Akkoord verlaat en “start to renegotiate to see if there’s a better deal. If we can, great. If we can’t, that’s fine” had niets met het klimaatprobleem en het Parijs Akkoord te…