Tropical deforestation still contributes some 17% to global greenhouse gas emissions and the problem is on the radar of the EU and against EU driven deforestation. However, the focus is limited to negative incentives: on import restrictions and penalties. But forest nations ask for support, for example for sustainable farming without clearing forests. Making use…
Tag: carbontrading
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…
Madrid: Rather no deal on carbon trading than a bad deal for the climate: what’s next?
It is now up to the British.Halfway through the climate summit it looked as the Final Declaration of the Climate Summit in Madrid would become very weak. That would make the postponement of the market rules even worse. The statement “Chile Madrid Time for Action“ now indicates that countries together do not do enough and…