While we passed the 1,5° Degrees, as the IPCC predicted an overshoot, and reductions will bring temperatures down later, I believe that in addition to emission reduction targets, which only take effect after years, countries should additionally make temperature reduction commitments and start cooling their countries and cities. For example greening of about 1/3 of…
Tag: ParisAgreement
CO2 deals important for Paris Accord
Switzerland and Thailand in February 2023 further elaborated their initial deal and agreed that Switzerland will invest $100mln in Thailand in CO2 reduction projects. Thailand can transfer credits, such as 1,5 Mt of an E-Bus project, to Switzerland as #ITMOs if the cuts go beyond the Thai NDC target. Switzerland can then meet part of…
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…
UN won’t make carbon markets ambitious & voluntary carbon markets spur ambition and transparency
During the on-line climate meeting the previous 2,5 weeks there was progress, the UNFCCC Executive Secretary said during the press briefing. However, that does not seem the case on the issue of guidance on the use of carbon markets to help increase ambition in the implementation of the Paris Agreement. “Talks on carbon markets and…
Climate policy under Biden: homework & international rallying
With Biden, the United States can give global climate policy the necessary stimulus, and fill in the political vacuum if it gets its own house back in order. New US President Joe Biden cited climate as one of his priorities. Now that he can have a majority in the Senate with 50 Democratic senators and…
Tropical forest protection needs positive incentives from the EU
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…
COVID-19 and Climate Change Each Require Targeted Treatment and Improved Behavior
We’ll meet the COVID challenge by improving our current treatments and practices, not by either jettisoning them or letting the disease run its course. Here’s how that same logic applies to climate change. “Let’s be more pragmatic: the antidote is here!” My contribution on EcosystemMarketplace
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…