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. …

Poland's anti-climate rhetoric seen as more hot air than reality

Poland's bid to block global efforts to slow climate change is likely to struggle to gain traction as it risks alienating European partners and as top emitters China and the United States dominate the international debate. Ahead of U.N. talks in Paris on a new climate pact, Poland's president vetoed …

Managing the transition to a low-carbon economy: perspectives, policies, and practices from Asia

Asia must be at the center of the global fight against climate change. It is the world’s most populous region, with high economic growth, a rising share of global greenhouse gas emissions, and the most vulnerability to climate risks. Its current resource- and emission-intensive growth pattern is not sustainable. This …

State of Forest Carbon Finance 2015: Converging at the Crossroads

Companies and governments around the world committed US$705 million in new finance in 2014 to enhance the role of forests in combating climate change, according to a report released by Forest Trends’ Ecosystem Marketplace, Converging at the Crossroads: State of Forest Carbon Finance in 2015. Over the last decade, private …

China to raise penalties in new carbon market rules

China, the world's biggest source of heat-trapping greenhouse gases, will impose tougher penalties on firms that fail to comply with emission targets, according to draft market regulations seen by Reuters on Thursday. The draft rules, which have been circulated among market players, will be submitted to lawmakers next year for …

PM approves plan for $3.6m carbon market

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has approved a project worth US$3.6 million to help Viet Nam to build its own carbon market following an application from the Ministry of Planning and Investment. Created under the Kyoto Protocol, the carbon market enables the trading of carbon emission …

Implementing effective carbon pricing

Support for carbon pricing is growing around the world. Governments, businesses and investors are recognising that nationally-appropriate taxes and trading schemes, as part of a well-aligned package of policies for low-carbon change, can reduce greenhouse gas (GHG) emissions without harming the economy. Strong, predictable and rising carbon prices send an …

State and Trends of Carbon Pricing 2015

Number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion says this new World Bank report. The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. …

Carbon pricing expected to affect firms' investment

The large majority of over 300 experts and industry representatives in China who were surveyed believe that carbon pricing will affect the investment of companies with large carbon emissions, pushing them toward green technologies by 2020. [Photo/IC] The large majority of over 300 experts and industry representatives in China who …

Analysis of the role carbon markets can play for global climate finance from today to 2020 and beyond

Financial support for developing countries is a core issue under the United Nations Framework Convention on Climate Change (UNFCCC). Industrialised countries strongly emphasise the potential role of carbon markets in mobilising the required finance. In the research project “Analysis of the Role Carbon Markets Can Play for Global Climate Finance …

Connecting the dots: results-based financing in climate policy

This study clarifies the definition of results-based financing (RBF) and in particular its role in the context of climate policy. The publication is aimed at readers from the carbon markets and climate finance communities alike. It facilitates a common understanding of what RBF as a financing modality involves and is …

Cookstoves illustrate the need for a comprehensive carbon market

Existing carbon offset protocols for improved cookstoves do not require emissions testing. They are based only on estimated reductions in the use of non-renewable biomass generated by a given stove, and use simplistic calculations to convert those fuel savings to imputed emissions of carbon dioxide (CO2). Yet recent research has …

Kyoto protocol's carbon credit scheme ‘increased emissions by 600m tonnes’

Major UNFCCC carbon trading scheme hit by serious corruption allegations involving organised crime in Russia and Ukraine A key carbon offsetting scheme was so open to abuse that three quarters of its allowances lacked environmental integrity, a new report says. UN officials confirm the findings by the Stockholm Environment Institute …

Perverse effects of carbon markets on HFC-23 and SF6 abatement projects in Russia

Carbon markets are considered a key policy tool to achieve cost-effective climate mitigation1, 2. Project-based carbon market mechanisms allow private sector entities to earn tradable emissions reduction credits from mitigation projects. The environmental integrity of project-based mechanisms has been subject to controversial debate and extensive research1, 3, 4, 5, 6, …

Public accepts climate change science – will the government follow?

Australia's carcass-strewn climate policy landscape has given rise to many grisly myths and tales. Amid the carnage, politicians across the spectrum have both misjudged and exploited community concerns about climate science and policy. Yet, community attitudes are not static and the latest research concludes it would be wrong to interpret …

Has Joint Implementation reduced GHG emissions?: lessons learned for the design of carbon market mechanisms

This study systematically evaluates the environmental integrity of Joint Implementation (JI) in the first commitment period of the Kyoto Protocol. Analysis indicates that about three-quarters of JI offsets are unlikely to represent additional emissions reductions. This suggests that the use of JI offsets may have enabled global GHG emissions to …

The role of forests in a green economy transformation in Africa

This report explores the role of forests in a green economy transformation in Africa. Its aim is to present policymakers with a strong rationale for linking forests and REDD+ planning with green economy planning and investments. According to UNEP (2012), a green economy ‘results in improved human well-being and social …

The cost of inaction: recognising the value at risk from climate change

The asset management industry—and thus the wider community of investors of all sizes— is facing the prospect of significant losses from the effects of climate change. Assets can be directly damaged by floods, droughts and severe storms, but portfolios can also be harmed indirectly, through weaker growth and lower asset …

EU politicians set to back carbon market 2019 reform start

The European Parliament on Wednesday is expected to back a 2019 start to reform of the world's largest emissions market in a step towards deeper change and higher carbon prices. The aim is make the EU Emissions Trading System strong enough to spur investment in lower-carbon energy and comes ahead …

EU Eyes Setting Aside Carbon Permits for Production Increases

The European Commission plans to propose earmarking a quota of permits in its carbon market after 2020 for companies entering the system and for potential production increases, according to a draft law. The commission will also design rules to start two new funds to encourage a shift to a low-emission …

South Korea to cut 2030 greenhouse gas emissions by 37 percent from BAU levels

South Korea has finalised its 2030 target of reducing greenhouse gas emissions by 37 percent from business-as-usual (BAU) levels, higher than its earlier plan for a 15-30 percent cut. The country is among the world's top 10 carbon emitters, so any steps it takes to curb emissions are key to …

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