Switzerland’s bilateral agreements to offset their emissions set a poor precedent for ambition ahead of COP26

Switzerland has reached agreements with Georgia1, Peru2, Senegal and Ghana3 to support the implementation of low-hanging fruit climate change mitigation. In return, the countries will transfer the mitigation outcomes to Switzerland to help it meet its national target under the Paris Agreement. The agreements send no signal for decarbonisation in Switzerland, while for the countries… Read More

The financial sector has a critical role to play in enabling global deep decarbonisation

To limit global warming to well under two degrees, the global economy needs to undergo system-wide changes. Finance has a critical role to play. Current inaction continues to lead to inefficient capital allocation, undermining efforts towards decarbonisation and financial stability. Read More

Enhancing national climate ambition through city and business climate change targets: a whole-of-society approach

A new tool to evaluate integrated climate action of non-state and subnational actors The world now faces a critical juncture as countries are updating their next wave of NDC climate targets. To ensure ambitious and inclusive target setting and implementation, governments must build on existing efforts to recognize and integrate the full range of non-state… Read More

The important health benefits of preventing coal lock-in in Mongolia

Growing coal capacity in Mongolia has direct impacts on human health: Operations of coal-fired power plants could cause 1,600 premature deaths / 42,000 years of life lost between 2020 and 2050. Around 70% of these negative impacts would be caused by new power plants not yet in operation. Read More

COP 25: The lack of consensus for international carbon market rules should not distract from domestic decarbonisation

In stark contrast to the overwhelming wave of optimism for climate action from school children, students, and civil society across the world throughout 2019, the 25th Conference of the Parties (COP) in Madrid closed on Sunday 15th December 2019 with an underwhelming outcome – more damage control than progress on climate ambition. Read More

Serious issues in the negotiations on international carbon markets (Article 6) must be addressed to avoid undermining the Paris Agreement

In this blogpost, the NewClimate markets team provides recommendations for the imminent SB50 negotiations to guarantee that Article 6 ensures its mandate to promote ambition and avoid undermining global climate efforts. Read More

Ein Preis auf CO2 – essenziell, aber allein nicht ausreichend

Klimawandel ist eines der größten Probleme unserer Zeit. Ein Preis auf CO2-Emissionen ist aus ökonomischer Sicht ein adäquates Mittel, die Verursacher zur Verantwortung zu ziehen und effizient den Ausstoß von Treibhausgasen dort zu reduzieren, wo es am günstigsten ist. Aber um die Wende in eine treibhausgasfreie Zukunft zu bewältigen, sind zusätzliche politische Maßnahmen nötig. Read More

Setting a course for decarbonised shipping: An Eight Point Carbon Pricing Plan

To achieve the temperature goals of the Paris Agreement, global emissions – including shipping – must peak as soon as possible and decline rapidly, reaching net-zero by around 2050. To help bring this about, this blog presents eight steps to guide the implementation of a levy for international shipping. Read More

Robust eligibility restrictions for offset credits are needed for CORSIA to truly compensate for the growth in aviation’s carbon emissions

If airlines are allowed to use all available offset credits certified by programmes such as the UN’s Clean Development Mechanism and other voluntary standard bodies under a new global scheme to address international aviation emissions, the scheme will not truly compensate the sector’s growing CO2 emissions. To achieve the aviation scheme’s objective of carbon neutral growth, policy-makers must adopt robust criteria on the types of offset credits that are accepted. The rules should be designed to ensure that the scheme supports the development of new emission reduction projects or targets existing projects that would stop reducing emissions without further financial support. New research outlines the climate implications of various eligibility scenarios for offset credits. Read More