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 …
In this paper, the authors develop a model to assess the market stability reserve, a key feature of reforming the European Union’s emissions trading system (EU ETS). Reforms to the EU ETS have been made in the face of a significant, prolonged downturn in the allowance price. The downturn occurred …
This publication presents a factual overview of the design and implementation of the Korean Emissions Trading Scheme, focusing on lessons from its implementation and opportunities under the Paris Agreement. It provides information to assist other countries that are designing or considering an emissions trading system. The contents are relevant as …
Hungary is eyeing an end to coal-fired power generation by 2030, in a move that could shake the EU region most staunchly opposed to tougher climate change measures. Fast rising prices in the EU’s emissions trading system (ETS) have pushed the government into talks with the owners of Hungary’s last …
Voluntary carbon markets are heating up as companies and consumers are taking action on climate change, according to Voluntary Carbon Market Insights: 2018 Outlook and First-Quarter Trends, published yesterday by Forest Trends’ Ecosystem Marketplace. The report finds that both supply and demand for voluntary carbon markets hit record-highs in 2017, …
A Republican lawmaker in the U.S. House of Representatives introduced a bill on Monday calling for a carbon tax, saying he hoped the legislation would at the very least renew a U.S. debate on climate change that has languished for a decade. Representative Carlos Curbelo, a member of the House …
Niti Aayog has proposed 15-point action plan for combating air pollution in ten most polluted cities in the country, including Delhi, Kanpur and Varanasi. The draft action plan titled 'Breathe India' includes encouraging electric vehicles, phasing out private diesel vehicle and development of crop residue utilisation policy. According to a …
Most national policies to reduce greenhouse gas emissions in Europe target energy consumption and energy supply, while economic and regulatory instruments are the most common means of cutting emissions, according to a European Environment Agency (EEA) report. The report also reveals that EU Member States report the actual effects and …
The Asia Society Policy Institute (ASPI) and the International Centre for Trade and Sustainable Development’s (ICTSD) report, Northeast Asia Carbon Markets and Trade Connections, focuses on carbon pricing and the linking of carbon pricing systems as a potential catalyst for increased trade relationships, and explores how the benefits from linking …
The Briefing 'Trends and drivers in greenhouse gas emissions in the EU in 2016', shows that the emission decrease in 2016 was mainly due to using less coal to produce heat and electricity. Greenhouse gas emissions from road transport increased for the third year in a row. Emissions in the …
The State and Trends of Carbon Pricing series reflects on the growing momentum for carbon pricing worldwide. It targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, …
In this paper, discuss the ambition raising implications to engage in voluntary cooperation under Article 6 for the originating Parties. The paper shows why Article 6 should focus on driving mitigation in otherwise inaccessible abatement options and why it is critical that support should only last for a limited time …
The EU Emissions Trading System (EU ETS) is important through its role as the “cornerstone” of EU climate change policy as well as a “role model” and “pioneer” for carbon markets. It is important that, in addition to the regulatory requirements, it be subjected to a thorough and independent review, …
The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading. The adoption of ETSs in emerging economies, structural reforms and new cooperation initiatives have boosted confidence in carbon markets and help establish emissions trading as an important tool in reaching the goals of …
The U.S. state of California and two Canadian provinces kicked off a cross-border auction of greenhouse gas emission credits on Wednesday, their first joint effort to buy and sell in the "cap and trade" market to fight global warming, experts said. The auction comes less than two months after the …
A growing body of evidence suggests that approaches to address the risk of leakage have not performed as intended, however, causing regulatory capture, perverse incentives, and windfall profits. Although often designed to be temporary, these measures have also proven resilient to change, and will likely remain in place given the …
Greenhouse gas emission benchmarks are widely implemented as a policy tool, as more countries move to implement carbon pricing mechanisms for industrial emissions. In particular, benchmarks are used to determine the level of free allowance allocation in emission trading schemes, which are distributed as a measure to prevent carbon leakage. …
This 2017 report of the European Environment Agency (EEA) provides an analysis of past, present and future emissions trends under the European Union (EU) Emissions Trading System (ETS), based on the latest data and information available from the European Commission (July 2017 data on verified emissions and compliance by operators …
Reflecting the growing momentum for carbon pricing worldwide, the 2017 edition of the State and Trends of Carbon Pricing targets the wide audience of public and private stakeholders engaged in carbon pricing design and implementation. This report also provides critical input for negotiators involved in the implementation of the Paris …
Microsoft , Walt Disney Co. and General Motors are among hundreds of companies calculating how much they spend on carbon emissions to show investors they are concerned about global warming, a study said on Tuesday. More than 700 other businesses around the world plan by 2018 to introduce so-called carbon …
BRUSSELS (Reuters) - European lawmakers will vote this week on a plan to protect the carbon market against a collapse of Brexit talks, which they fear would crash the price of tradable emissions permits. The bill was prompted by mounting concern that Britain could fail to reach at least a …
