Weak consumption in the People’s Republic of China will partly offset robust domestic demand in South Asia. Disinflation is expected to continue, driven by lower food and energy prices, along with the lagged effects of previous monetary policy tightening. The region’s high-income technology exporters remain a bright spot, benefiting from …
A small fishing village in Kenya’s coastal region has earned international recognition as a hub for green economy thanks to a community-owned carbon offset project that has enhanced the conservation of mangrove forests. The Gazi village, located about 40 kilometers south of the port city of Mombasa, is the site …
Question raised in Lok Sabha on Carbon emission from aviation sector, 16/03/2017. United Nation's Aviation body International Civil Aviation Organization (ICAO), in its 39th Assembly meeting held in 2016, decided to implement a Global Market Based Measure (GMBM) scheme in the form of Carbon Offsetting and Reduction Scheme for International …
Question raised in Lok Sabha on Carbon Footprint of Airlines, 14/03/2017. Emissions from international civil aviation are addressed under the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol. Under the Paris Agreement for post-2020 period, countries are obliged to submit Nationally Determined Contributions (NDCs) which are …
Following the 2016 entry into force of the Paris Agreement, governments are now expected to turn their greenhouse gas emissions pledges into concrete climate policies. Given the global public good nature of climate change mitigation and the important differences in cross-country marginal abatement costs, distributing abatement efforts across countries could …
About two-thirds of the national pledges made under the Paris Agreement refer to carbon pricing as one of the measures to reduce greenhouse gas (GHG) emissions. Carbon pricing internalises the costs of climate change, making it part of the economic decision-making process. Carbon pricing thus has the potential to facilitate …
The United Nations emitted 2 million tonnes of carbon dioxide (CO2) equivalent in 2015, according to the organization's annual report of its greenhouse gas emissions. The latest edition of the Greening the Blue report, details the emissions from 66 United Nations entities, covering over 284,482 personnel around the world. This …
Governments and companies around the world committed a record US$888 million (M) in new funding last year to bolster the planet’s first line of defense against climate change – forests and other carbon-absorbing landscapes – according to a new report from Forest Trends’ Ecosystem Marketplace, View from the Understory: State …
New analysis from the Institute for Global Environmental Strategies finds that current plans to build new, and retrofit old, fossil fuel power plants in Japan would exceed CO2 emission estimates, derailing efforts to meet the country’s climate targets unless they operate at a lower capacity. According to a new issue …
Storing carbon in land is no substitute for reducing fossil fuel emissions. The report finds that while increasing carbon in land systems is important, Australia is muddying the waters by combining land carbon and fossil fuel reduction policies – which is giving an inaccurate picture of Australia’s progress in tackling …
Monsanto Co. said Friday it will invest $1.6 million to help farmers quantify greenhouse gas reductions from farming practices intended to cut or offset carbon emissions. The funding is on top of a $1 million Conservation Innovation Grant(CIG) the U.S. Department of Agriculture recently awarded to the National Corn Growers …
According to a new report by the NGO Forest Trends, 314 companies — nearly 20 percent of the 1,896 companies that publicly disclosed their 2014 emissions data to CDP (formerly known as the Carbon Disclosure Project) last year — were engaged in the purchase or sale of carbon credits to …
Among a group of nearly 2,000 companies that publicly disclosed data in 2015, 18% use offsetting as part of a carbon reduction strategy – including familiar household names such as L’Oréal, General Motors, and Delta Air Lines – according to a new report by Forest Trends’ Ecosystem Marketplace, “Buying in: …
In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic computable general equilibrium model of China, this study analyzes …
International aviation produced an estimated 490.4 million tonnes (Mt) of carbon dioxide emissions in 2013, about 1.5% of global CO2 emissions from fossil fuel combustion that year, and as the role of aviation in the global economy expands, those emissions are expected to rise, to 682–755 Mt by 2020 and …
Voluntary buyers around the world paid to offset the equivalent of 84.1 million (M) tonnes of carbon dioxide in 2015, a 10% increase from 2014, led by private-sector companies taking proactive steps to reduce emissions ahead of regulation, according to a new report from Forest Trends’ Ecosystem Marketplace (EM). The …
Voluntary buyers around the world paid to offset the equivalent of 84.1 million (M) tonnes of carbon dioxide in 2015, a 10% increase from 2014, led by private-sector companies taking proactive steps to reduce emissions ahead of regulation, according to a new report from Forest Trends’ Ecosystem Marketplace (EM). The …
International carbon offsetting can help reduce compliance costs in emissions trading schemes and at the same time support carbon mitigation projects in developing countries. A surprising observation from the European Union Emissions Trading System’s experience with offsetting is that companies do not fully utilise offsetting for compliance despite the cost …
China’s introduction of a national ETS, scheduled for 2017, is an important development in the expanding carbon market landscape. As countries move towards implementation of the recently-adopted Paris Agreement, this sends a powerful signal about China’s mitigation commitment and support for carbon markets. As the largest emitter of greenhouse gases …
Carbon offsets are increasingly seen as a tool to support Sustainable Development Goals (SDGs), as well as mitigate climate change, according to a new report from Forest Trends’ Ecosystem Marketplace (EM), Not So Niche: Co-benefits at the Intersection of Forest Carbon and Sustainable Development. The report was based on responses …
Trading volumes on China’s seven emissions exchanges increased by 86.5% last year, but the financial value of the transactions rose by just 50% due to falling prices, an annual report on China’s carbon markets said. A total 24.5 million allowances worth 656 million yuan ($100 million) changed hands via exchanges …
