Switzerland and Peru agreed in October to work together on CO2 reductions; in November Switzerland signed an agreement with Ghana. And the oil company Total supplied climate neutral LNG to China. compensated with projects in China and Zimbabwe. The first is an example of the “mandatory CO2 market”: the country buys carbon credits to helps…
Tag: ITMO
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…