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The initiatives were announced by the National Development and Reform Commission (NDRC) and detailed in the Government Work Report at the 14th National People’s Congress earlier this month. China is the world’s largest emitter of greenhouse gases. The NDRC report emphasises that the country is ...
Availability: OnlineRecord type: News
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A new report by the Centre for Policy Studies (CPS) says the UK government could level up and decarbonise the economy simultaneously by introducing a carbon border tax, alongside a selection of other policies.A carbon border tax on energy intensive imports would see importers from outside the UK put...
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During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK. However, prices worldwide are still inadequate to reduce emissions in line with the Paris Agreement, according to the latest analysis from GlobalData. The market analy...
Availability: OnlineRecord type: News Item
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The World Bank’s State and Trends of Carbon Pricing 2024 report finds that there are now 75 carbon pricing instruments in operation worldwide, up two from a year ago, covering 24% of global emissions. Over half of the collected revenue was used to fund climate and nature-related programmes. Rep...
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Calling for rigorous scientific principles and enhanced transparency to restore confidence in the VCM, the latest report from the CCAG provides seven recommendations aimed at ensuring VCMs contribute effectively to global climate efforts. The recommendations go beyond the Oxford Offsetting principle...
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Picture a giant bathtub with greenhouse gases (GHGs) pouring in from the taps and draining out at the bottom. Right now, that tub is dangerously close to overflowing and the plug is stuck. The Paris Agreement’s goal is to turn the taps down and take the plug out, keeping global warming below 2o...
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In the fight against climate change, BECCS has the potential to deliver gigatonne-scale, permanent carbon removals. Demand for carbon removals is set to increase 13 times the size of the 2021 market to 2.6 Gt by 2030, according to the World Economic Forum, as organisations across the planet search f...
Availability: OnlineRecord type: Feature
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The independent report, published by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, was commissioned by Bundesministerium der Finanzen on behalf of the German Presidency of the G7 in 2022. A communiqué published on ...
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By imposing a fee on CO2 emissions, carbon taxes create strong economic incentives for businesses to adopt low-carbon technologies, thereby reducing their emissions. This strategy not only encourages direct decarbonisation but also addresses the limitations associated with carbon credits, ensuring t...
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COP29 in Baku concluded by reaffirming the agreed call on all parties at the previous UAE COP28 to contribute, inter alia, to ‘Transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 20...
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