On June 29 we will be celebrating the End the Age of Coal Global Day of Action, to coincide with 350.org‘s Global Power Shift Conference in Istanbul. Greenpeace International has put together an awesome website for the day of action: check it out at www.endtheageofcoal.org (its not fully functional yet, but almost there!) The Global …
Read more “Get involved: End the Age of Coal Global Day of Action”
Yesterday the European Parliament’s Environment Committee voted in favour of a compromise deal on the European Commission proposal to temporarily curb the oversupply of emission allowances in the EU Emissions Trading Scheme (EU ETS). Carbon Market Watch criticizes the outcome as stifling and calls on the European Parliament’s plenary to reconsider the vote.
Press Release from the Center for International Environmental Law (CIEL), Environmental Advocacy Center, Panama (El Centro de Incidencia Ambiental – CIAM) and Earthjustice which highlights the work that has been done over the past weeks on the Barro Blanco CDM project.
Last week, the International Air Transport Association (IATA) called on the International Civil Aviation Organisation (ICAO) Assembly to agree on a global carbon offsetting scheme to take effect in 2020. Recent data by the European Commission reveals for the first time the choice of offsets used by airlines during the first compliance period in the European Emissions Trading Scheme (EU ETS). The data shows that in 2012 airlines favoured using offset credits from HFC-23 and N2O industrial gas destruction projects, credits meanwhile banned in the EU ETS. NGOs demand a limited access and strict quality restrictions for any future global offsetting mechanism under ICAO.
Air travel accounts for 5-14% of global climate emissions and is growing rapidly. Nevertheless, aviation emissions remain unregulated. Pressure is mounting on the International Civil Aviation Organization (ICAO) to agree to a mechanism to reduce aviation emissions during their next triennial Assembly in September 2013. The aviation sector must reduce its emissions if we are to protect ourselves from severe climate disruption.
Today, the International Air Transport Association (IATA) acknowledged the need for market-based measures to reduce the aviation sector’s contribution to climate change. This should be considered as part of a broader package of measures, including improvements in technology, operations and infrastructure. However, the airlines highlighted their preferences over a global carbon offsetting scheme compared to alternative schemes, such as cap-and-trade schemes.
Dear friends, Carbon markets are in the dumps and policy makers and market participants alike are scrambling to come to their rescue. The Carbon Expo in Barcelona just came to a close and the next intercessional UNFCCC conference of this year starts in Bonn on 3 June. This year’s Carbon Expo praised carbon markets as …
Read more “Carbon Market Watch Newsletter Issue #3, May 2013”
At the upcoming intercessional conference starting on 3 June in Germany, Parties will discuss revisions to the rules that govern the CDM. We highlight the most important issues that need to be addressed in order to strengthen the environmental and social integrity of the CDM. This year Parties will revise the rules that govern the …
Read more “Reforming the CDM: Mission Impossible? (Newsletter #3)”
In Doha Parties decided that the two JI tracks should be merged. However, all further decisions about JI were delegated to be discussed at the upcoming meeting in Bonn in June 2013. Below is a short summary of essential reform requirements needed. JI is currently divided into two “tracks”. Undder Track 2 an international board …
Read more “Joint Implementation reforms: too little too late? (Newsletter #3)”
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