Emissions Trading

Disruption and Disarray: An analysis of pangolin scale and ivory trafficking, 2015-2024

In 2019, the illegal wildlife trade reached staggering levels. Pangolin scales and ivory were being trafficked in massive quantities from Africa to Asia, exposing a network of crime syndicates operating at an industrial scale. The sheer volume of these shipments marked a disturbing milestone, one that revealed the global reach …

Climate finance at the sub-national level: the case of Odisha

The purpose of this study is to develop financing strategies that would assist the Central and State Governments in implementing the State Action Plans on Climate Change (SAPCC) in an effective and efficient manner. There are broadly three different sources of climate finance available to States: public (domestic), private and …

Coalition of 13 EU Ministers Urges Action on Climate Policies

Environment and energy ministers from 13 European Union countries joined forces to call on the bloc to agree on ambitious emission-reduction rules for the next decade and strengthen the EU’s carbon market. The ministers, who believe tackling climate change will help foster economic growth in the 28-nation bloc, urged the …

Australia should cut carbon emissions by at least 25% by 2020, says report

Target of 5% not enough, based on warming ceiling of 2C and Australia’s ‘fair share’ of global carbon budget Australia has already eaten through at least two-thirds of its share of a “carbon budget” that would keep global warming below 2C, requiring it to drastically escalate its emissions reduction target, …

NED university to become country’s first green campus

The NED University of Engineering and Technology will shortly launch a project approved under the annual development programme to become Pakistan’s first green campus. According to university officials, the government is likely to release funds for the Rs200 million Dr Ishratul Ibad Green Campus Initiative soon. “We’ve already got solar …

India, US dig in against EU air carbon charge

European Commission last week proposed to make all airlines pay for emissions over European airspace. India voiced firm opposition on Tuesday to EU plans to impose a scaled-back carbon charge on flights over European airspace while a senior US lawmaker said the EU proposal runs afoul of a law intended …

European Commission proposes airline carbon charge for EU airspace

The European Union on Wednesday revived a proposal to charge foreign airlines for emissions over European airspace, drawing the ire of airline groups who say it goes against spirit of a recent global aviation deal and could reignite trade tensions. The proposal from the European Commission to cover the 2014-2020 …

Breaking ranks with BASIC, South Africa calls for legally binding protocol on climate change

South Africa has formally demanded that the new global agreement on climate change be in the form of a protocol with targets, commitments and actions for all parties. The move breaks the united stand the BASIC group of countries — Brazil, India, China and South Africa — had taken to …

UN Body Rejects EU Move to Levy Carbon Tax on Foreign Airlines

ICAO agrees to put in place by 2020 a market-based system to curb carbon emissions from airlines India, along with countries like China, Russia and the US, scored a diplomatic victory in the aviation sector. The UN body in charge of civil aviation, International Civil Aviation Organisation (ICAO), made it …

Aviation industry agrees global mechanism to reduce emissions

A global mechanism that could cut airlines' carbon emissions from 2020 has been supported by the International Civil Aviation Organisation's (ICAO) 191 member countries. The deal was reached at the ICAO's annual assembly in Montreal on Friday, where countries agreed on a comprehensive strategy to progress technology, operations and alternative …

Continuous emissions monitoring and pilot Emissions Trading Scheme (ETS) for particulate matter from stationary sources in India

The pilot emissions trading scheme will rely on continuous emissions monitoring systems (CEMS) for measurement. The term CEMS refers to the instrumentation and software required to measure emissions from a stationary source on a practically continuous basis. Unlike for carbon dioxide or energy consumption, input-based methods of measurement are not …

UK must approve carbon budget soon or risk investment, says Lord Deben

The Committee on Climate Change (CCC) has called for the Government to approve its fourth carbon budget in the New Year to avoid further investor uncertainty. Ahead of the CCC's final recommendations on the review of the 2023 to 2027 carbon budget, committee chairman Lord Deben announced that there is …

U.N. aviation body reaches consensus on emissions deal

The United Nations civil aviation body reached consensus on a roadmap on Thursday to create what would be a market-based scheme to help curb carbon emissions from a major industry by 2020, but rejected a European proposal that would have let it apply its own market scheme to foreign airlines …

U.N. aviation emissions deal in sight but possible hurdles loom

United Nations aviation chiefs said Tuesday that thorny issues still loom heading into two weeks of negotiations aimed at finalizing a deal to address greenhouse gas emissions from the global aviation sector. The U.N.'s International Civil Aviation Organization, which sets standards for air travel, is attempting to iron out one …

EU to Defend Limited Carbon Market for Airline Emissions

The European Union signaled it will defend its right to continue a limited carbon market for airlines until 2020 under a deal being discussed at a meeting of the International Civil Aviation Organization. Negotiators from more than 190 states are at the United Nations agency’s triennial general assembly in Montreal …

Europe weighing 40 percent 2030 carbon-cutting goal: EU sources

European Union regulators are considering doubling the bloc's target to cut greenhouse gas emissions by 2030 and setting a tougher binding goal for renewable energy use, EU sources said. The European Commission, the EU's executive, outlined new targets earlier this year but has yet to follow up with a firm …

EU ready to compromise over airline carbon tax: EU sources

The EU is ready to compromise over its tax on airline carbon emissions if opponents, led by the United States and China, apply a similar levy by 2016, a European source said Wednesday. The source said Brussels will put the plan to the International Civil Aviation Organisation (ICAO) later this …

UN Carbon Credit Program Reports $82 Million Surplus to June

The trust for the United Nations Clean Development Mechanism, the operator of the world’s biggest greenhouse gas credit program, had an operating surplus of $82 million in the 18 months through June 30, as offset supply increased. Fees and other income amounted to $141 million in the period, compared with …

U.N. struggling to avert carbon trade war with aviation deal

Talks at the U.N.'s aviation body must bridge a deep divide between developed and emerging nations over airline emissions to avert the threat of a carbon trade war with the European Union. After more than a decade of debate at the International Civil Aviation Organization (ICAO), there is little sign …

Trade-offs between mitigation costs and temperature change

This paper uses the MERGE integrated assessment model to identify the least-cost mitigation strategy for achieving a range of climate policies. Mitigation is measured in terms of GDP foregone. This is not a benefit-cost analysis. No attempt is made to calculate the reduction in damages brought about by a particular …

Compliance strategies to deliver climate benefits

Climate change increasingly threatens the health of our planet and the stability of our economies at the local, regional and global levels. Many countries are already suffering from climate impacts—severe water shortages, intense droughts and wildfires, and record-breaking floods, along with disappearances of indigenous species and outbreaks of invasive ones. …

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