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 …
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 …
Carbon offsets can be used to meet Paris Agreement goals or voluntary targets. However, it depends on host country policies. Bearing in mind that the work of elaborating the Paris Agreement is already completed, after nations signed off on the high-level rules regarding carbon markets at the COP26 meeting in Glasgow, we can now look …
The European Commission pledged to reduce the European Union (EU) greenhouse gas (GHG) emission by at least 55% by 2030 under the Paris Agreement. This ambition puts the EU on a pathway to achieving climate neutrality by 2050. The energy sector is responsible for more than 75% of the EU greenhouse gas (GHG) emissions and …
Guarantees of Origin (GoOs): what are they and how do they work? Read More »
The price set on Greenhouse Gas (GHG) emissions is known as a carbon tax. It plays a central role in reducing GHG emissions and combating climate change. It is a financially flexible tool that automatically encourages consumers and producers to shift towards energy options that emit less carbon, whatever those options may be. Economists call …
