The global climate crisis catalyzed the spread of environmental awareness across the world. Some of the efforts made to protect our natural resources have been centered around putting a price on these limited resources. The carbon credit system was developed to reduce greenhouse gas emissions. The success of this system relies on the effectiveness of …
Commodifying natural resources: A review of water-based credits Read More »
In the last few years, environmental commodities have been an effective market solution in the fight against climate change. The most common ones are carbon credits. Every ton of CO2 is provided by projects that involve nature -based solutions, technology-based solutions, carbon removal, avoidance projects among others. The stakeholders who buy these carbon offsets are …
What is an Emission Trading System (ETS)? An Emission Trading System is an instrument based on the “cap and trade” principle, whose premise is to set a limit on GHG emissions that can be emitted by one or a group of economic sectors. Under this mechanism, each year is fixed a maximum amount of GHG …
Mexico’s Emission Trading System (ETS): how does it work? Read More »
Frequently, debates on the best approach to tackle climate change and reduce the amount of GHG emissions in the atmosphere are overwhelming. According to the Intergovernmental Panel on Climate Change (IPCC) summary for policymakers report in April 2022, carbon removal projects are essential in balancing the unavoidable emissions to achieve a net zero emission. Does …
The lovers and haters of carbon avoidance credits Read More »
Approved in 2020, The European Green Deal is the EU’s response to the Paris Agreement. It is the answer to the ongoing climate crisis. The European Commission unveiled the European Green Deal, a road to become a climate-neutral continent by 2050. European Climate Law also includes the goals of climate neutrality for 2050 and the …
In 2021, more than 40% of the energy-related CO2 emissions came from the burning of fossil fuels solely for electricity generation. This is occurring just less than a decade away from the global commitment to halve emissions in 2030 (compared to 2010 levels) in order to keep global warming below 1.5°C. Therefore, large-scale movements away …
