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…
Tag: ITMO
Tackle emissions in international supply chains to meet strengthened CO2 targets
In the past year, a lot of attention has been paid to the role of international supply chains. This was because we noticed their vulnerability due to corona as important manufacturing parts could not be delivered, shareholders are forcing oil companies to reduce CO2 emissions in the upstream and downstream chain (‘scope-3’ emissions) and research…
CO2 deals important for Paris Accord
Switzerland and Peru agreed in October 2020 to work together on CO2 reductions; in November 2020 Switzerland signed an agreement with Ghana. The latest update is that Switzerland signed in June 2021 a CO2 deal with Thailand (Updated Nov 14, 2021) The CoP in Glasgow decided that:“Each participating Party shall have, or have access to,…
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…