Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …
This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. This edition also discusses …
This paper presents the potential benefits and challenges of enhanced international co-ordination on carbon pricing and outlines the different types and levels of co-ordination that are available for national and sub-national governments. These levels include, inter alia, facilitating new pricing schemes, phasing out inefficient fossil fuel subsidies, sectoral approaches, co-ordination …
The project that is summarised in this report had a twofold objective. First, it aimed to conduct a detailed analysis of the provisions related to market mechanisms of the Paris Agreement (Article 6), and to identify issues that should be taken into account when elaborating the rulebook for the Paris …
A Japanese government panel on Tuesday urged the country to aim to be carbon-neutral as soon as possible after 2050 through innovations such as the wide use of carbon dioxide (CO2) capture technology and lower cost hydrogen production. The proposal comes as Japan is mapping out a long-term low-emissions strategy …
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 …
Article 6 of the Paris Agreement establishes a framework for international cooperation that enables countries to engage in international carbon market mechanisms. Article 6.4 establishes a new crediting mechanism with international oversight. A key requirement of this new mechanism is that it “shall aim to deliver an overall mitigation in …
The EU Emissions Trading System (EU ETS) is the world’s largest carbon market and has become a model for market-based approaches to reduce greenhouse gas emissions in other world regions. Evaluating and improving its effectiveness thus have been a concern not only for European policymakers but also for the success …
This discussion paper explores environmental risks from the inclusion of forest offset credits in the Paris Agreement’s Article 6 and CORSIA, and examines approaches to address such risks. A number of challenges surrounding environmental integrity notably baseline determination, additionality, permanence, and leakage are discussed as well as environmental and social …
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, …
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 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, …
EU carbon prices are set to double by 2021 and could quadruple to €55 a tonne by 2030 if the European Commission ultimately legislates to align the bloc’s current emissions targets with the Paris climate agreement, finds a new report by Carbon Tracker. Carbon Clampdown: Closing the gap to a …
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 …
There is an inescapable nexus between trade and climate change. Trade activities affect the climate. Climate measures affect trade. Economically, environmentally, and legally under international law, the two are intertwined. Yet this essential realisation is not yet reflected in the agendas of either the World Trade Organization or the United …
Asia and the Pacific is home to more than 60% of the world’s population and 62% of the global economic output. But the region still faces enormous development challenges and with economic growth, it has become a major source of greenhouse gas (GHG) emissions. This has exposed Asia and the …
Move over, taxes on carbon and sugar: the global levy that may be next is meat. Some investors are betting governments around the world will find a way to start taxing meat production as they aim to improve public health and hit emissions targets set in the Paris Climate Agreement. …
Policymakers around the world recognize the potential for natural land area to combat climate change: a total of 97 countries mentioned specific plans to reduce emissions from deforestation or increase forest cover in their Paris Agreement commitments. As the international community and domestic lawmakers figure out how to meet their …
This study assesses the environmental integrity risks of international carbon markets under Article 6 of the Paris Agreement and discusses possible international rules to address them. A considerable risk is that several countries have mitigation targets that correspond to higher levels of emissions than business-as-usual (BAU) projections. The amount of …
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 …
