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: Klimaatakkoord
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…
Countries should take cooling targets
Posted on May 18, 2022 I argue that in addition to emission reduction targets, which only take effect after years, countries should also make temperature reduction commitments and start cooling their countries and cities. For example greening of about 1/3 of the EU’s urban areas would reduce urban summer temperatures by 2.5–6°C! In its latest…
Glasgow Outcome: Ambitious Carbon Market Rules
Glasgow Outcome in bullets …. accelerating efforts towards the phase-down of unabated coal power and inefficient fossil fuel subsidies, recognizing the need for support towards a just transition; On general ambition: See cover Decision 1/CMA.3 ‘Glasgow Climate Pact’, New country and group pledges on targets for 2030 and net zero in 2050 and on forest…
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…
Hoge Raad laat in Arrest Klimaatzaak ruimte via carbon credits aan de vereiste reducties te voldoen
Wiebes hield optie carbon credits al op tafel in de Tweede Kamer (kamerzitting 28/11) Samenvattend: Nederland mag carbon credits van het Kyoto Protocol gebruiken en deze worden als eigen reducties gezien om de Nederlandse CO2-doelen te halen. Ook staat het toegestaan gebruik van carbon credits expliciet genoemd in de EU Effort Sharing Decision voor 2020….