Carbon Market

First food: business of taste

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. …

Coal transitions in China’s power sector: a plant-level assessment of stranded assets and retirement pathways

This paper estimates the potential scale of stranded assets in the coal power sector in China under different policy scenarios. A number of factors are putting significant pressure on the coal-power sector: a recent investment bubble in new capacity, structural slowing in electricity demand growth, upcoming moves to liberalize electricity …

Putting a price on carbon: integrating climate risk into business planning

A new report by CDP, shows that a growing number of companies are stepping up their response to climate change by embedding low-carbon goals into their long-term business plans, with many companies intending to ramp up ambition over the next couple of years. The report puts the spotlight on the …

EU lawmakers plan to guard carbon market from hard Brexit

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 …

Cities, regions seen as ‘essential’ to growth in emissions trading

Delegates from 26 national and sub-national governments representing nearly half of the world’s economic output have pledged to strengthen cooperation in establishing “carbon markets” — while noting the special importance of such steps by cities and other local regions, particularly in the absence of national action. In the coming years, …

The business of pricing carbon: how companies are pricing carbon to mitigate risks and prepare for a low-carbon future

Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate-related business risks, and identify opportunities in the transition to a low-carbon economy. Establishing a carbon price across a company can help internalize the cost of greenhouse …

Catalyzing green finance: a concept for leveraging blended finance for green development

The Asian Development Bank (ADB), in a report launched, has proposed the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific. The report, titled Catalyzing Green Finance: A Concept for Leveraging Blended Finance for Green Development, highlights the constraints for …

The latest progress of emissions trading schemes in Japan, China and the Republic of Korea

The purpose of this issue brief is to provide an overview of the latest movement of the emissions trading scheme (ETS), with a focus on the three key Asian carbon markets in Tokyo, China (esp. the pilots) and the Republic of Korea (hereinafter abbreviated as Korea).

EU nations, Parliament still divided on carbon market reform

European Union nations and the European Parliament remain divided on how to reform the EU carbon market and whether it should mention aviation and shipping, EU sources said on Wednesday. Negotiations to finalise a legal text on reforms to the EU Emissions Trading System (ETS) post-2020, agreed in outline by …

2 degrees of separation: transition risk for oil and gas in a low carbon world

This report, produced by Carbon Tracker, Principles for Responsible Investment (UN PRI) and leading institutional investors, is the first to rank 69 of the biggest oil and gas industry companies according to the extent of their exposure to the low-carbon transition. It provides a way of understanding whether the supply …

Lead EU carbon market reform lawmaker steps down

The lead lawmaker in the European Parliament for reforms to the EU carbon market, Ian Duncan, has handed over responsibility of the process, he said on Thursday, after criticism he had delayed talks on the process. Duncan has been campaigning to become an member of parliament in the British election, …

Carbon pricing to accelerate the diffusion of low carbon technology in China

This policy brief suggests that carbon pricing can accelerate the diffusion of lowcarbon technology in China, based on the results of empirical studies conducted by Kansai Research Centre of IGES focusing on China’s most energy intensive industries. Many low-carbon technologies are profitable but require some initial investment. Chinese companies strongly …

Emissions trading and the role of a long-run carbon price signal

Emissions trading is now a well-established tool for reducing greenhouse gas (GHG) emissions in an effort to mitigate the impacts of global climate change. By the end of 2017, Emissions Trading Systems (ETSs) will regulate more than seven billion tons of CO2e, with 19 systems operating worldwide. This paper is …

Climate change and trade policy interaction: implications of regionalism

This report investigates the implications of regionalism for the interaction between trade and climate policy. It examines the implications of regional climate governance for international trade and conversely the implications of regional trade governance for climate change action. Regional approaches to climate change governance are discussed with a specific focus …

Report of the High-Level Commission on carbon prices

The purpose of this Commission is to explore explicit carbon-pricing options and levels that would induce the change in behaviors—particularly in those driving the investments in infrastructure, technology, and equipment—needed to deliver on the temperature objective of the Paris Agreement, in a way that fosters economic growth and development, as …

Unlocking potential: State of the Voluntary Carbon Markets 2017

As of 2016, offsets equivalent to 1.1 billion metric tonnes of carbon dioxide emissions (BtCO2e) have been transacted voluntarily – through sales to governments, companies, and individuals as well as intermediary brokers – according to the latest annual State of Voluntary Carbon Markets report from Forest Trends’ Ecosystem Marketplace, released …

Results-based climate finance in practice: delivering climate finance for low-carbon development

Results-based financing is a well-established financing modality in the health and education sectors but it is still in an early stage of deployment in the area of climate change. This report reviews 74 results-based climate financing (RBCF) programs implemented in developing countries with an objective to: assess the characteristics and …

Vulnerability of CDM projects for discontinuation of mitigation activities

This study forms part of a broader project, supported by the German Environment Agency (Umweltbundesamt, UBA), with the primary objective to analyse the current situation and development of the international carbon markets. This report investigates the current situation of existing project-based carbon market activities in the transitional period until a …

Germany backs plan to shore up carbon price

Germany will back a plan to strengthen carbon prices, a senior official said on Tuesday, ahead of a meeting of EU environment ministers on balancing the needs of industry with cutting emissions in reforming the carbon market. EU member states such as Germany, Italy, Austria and Greece are prioritizing measures …

Reform of EU carbon trading scheme agreed

Member states approve changes, including €12bn innovation fund, to emissions plan for cleaner technology and pollution cuts. An overhaul of the EU’s flagship trading scheme for cutting carbon emissions by European industries has been approved by the member states. The agreement to reform the emissions trading system comes after almost …

Innovative financing for the adaptation fund: pathways and potentials

This new report explores the potential of seven innovative climate finance options to meet the financing needs of the Adaptation Fund. It concludes that if implemented in a collective manner, these can provide a steady and predictable stream of finance for the Fund. However, the Adaptation Fund Board needs to …

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