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Will COP26 set right the booming Carbon Offset Market

November 3, 2021 by Kerstine Appunn

Carbon offsetting is when a company, rather than cut its own emissions, pays someone else somewhere else to cut their emissions. It has always been controversial because it has two main problems. Buying carbon credits means you aren’t putting the effort in to cut emissions yourself. And the risk of double-counting: when the company reports it has cut emissions, and so does the “someone else”. A third problem exists too: measuring whether the … [Read more...]

Filed Under: Energy, Markets Tagged With: additionality, Article6, carbon, COP26, doublecounting, emissions, monitoring, NDCs, offsetting, Paris2050

UNEP 2021 Emissions Gap report: only 11 countries have net-zero targets enshrined in law

November 1, 2021 by Zeke Hausfather

Zeke Hausfather at Carbon Brief summarises the UNEP 2021 Emissions Gap report, released last week. It explores the impact of the net-zero emissions pledges of nations, and the “gap” between them and the Paris targets. As COP26 gets started, 136 countries either have some form of commitment to a net-zero target or are considering it. Of those, 49 plus the EU have a firm net-zero commitment. But only 11 countries have targets enshrined in law. … [Read more...]

Filed Under: Energy, Policies Tagged With: COP26, emissions, fossilfuels, GreenDeal, Paris2050, policies, UNEP

Germany’s highest court rules climate laws are insufficient, violate rights, unfairly burden future generations

May 7, 2021 by Sören Amelang, Kerstine Appunn, Charlotte Nijhuis and Julian Wettengel

In an unexpected decision widely hailed as historic, Germany's highest court has ruled that the government's climate legislation is insufficient, and lacks detail on emission reduction targets beyond 2030. Sören Amelang, Kerstine Appunn, Charlotte Nijhuis and Julian Wettengel at Clean Energy Wire run through the background and the consequences of the case brought by youth activists and NGOs. Legal experts say the decision “significantly … [Read more...]

Filed Under: Energy, Policies Tagged With: Belgium, courts, elections, emissions, France, Germany, Ireland, legislation, Netherlands, New Zealand, Norway, Paris2050, Switzerland, UK

Updated NDCs: World committing to 0.5% emissions cuts by 2030. It should be 45%

March 2, 2021 by Josh Gabbatiss

The latest national climate pledges, submitted over the new year, show that the world is nowhere near meeting our emissions reductions goals. Analysis of the 48 updated “nationally determined contributions” (NDCs) submitted so far (everyone must submit by the end of this year), covering nations responsible for 29% of global emissions, shows we will have 0.5% lower emissions in 2030 compared to 2010. That’s way off the target 45% reduction needed. … [Read more...]

Filed Under: Energy, Policies Tagged With: Brazil, Canada, China, CO2, COP26, emissions, EU, India, Indonesia, Japan, Mexico, Paris2050, Russia, SKorea, UK, UNFCCC, US

New net-zero pledges from China, US, EU and others can meet our climate goals, says UNEP. But


January 8, 2021 by Zeke Hausfather

Existing national commitments imply that today’s emissions will simply plateau, remaining only slightly below 2019 levels by 2030. However, according to the latest UN Environment Programme (UNEP) emissions gap report, the new commitments from China, the EU, Japan, South Korea, the UK, Joe Biden’s US and others are “broadly consistent” with the Paris Agreement’s 1.5C goal for 2050. But commitments aren’t policy, warns UNEP, and only real change … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: CCS, China, emissions, EU, G20, Japan, NDC, Paris2050, SKorea, transport, UK, UNEP, US

Coastal town Grande-Synthe took France to court over missed climate targets. How, why and what happens next

January 7, 2021 by Lucien Chabason

Taking your own government to court is an indispensable tool for sticking to our climate goals, says Lucien Chabason at the IDDRI. In November, the French State Council (Conseil d'État) gave an interim judgment largely favourable to the municipality/commune of Grande-Synthe following the government's implicit refusal to take additional measures to comply with the Paris Climate Agreement. Grande-Synthe sits on the coast by Dunkirk and is at … [Read more...]

Filed Under: Energy, Policies Tagged With: courts, EU, France, GrandeSynthe, law, Paris2050, SNBC, UNFCCC

The energy transition needs some of the $12tn global Covid stimulus. But much less than you think

October 22, 2020 by Marina Andrijevic and Joeri Rogelj

Governments worldwide have committed over $12tn to recover from the Covid-19 pandemic, spent over the next 5 years. Current estimates say the energy transition needs $1.4tn/year globally between 2020 and 2024 to get us on the path to meet the 1.5oC Paris goal. Clearly, there is an opportunity here. Although support for healthcare systems and the overall economy are the stated priority of governments, much of that $12tn is still not committed. … [Read more...]

Filed Under: Energy, Investment Tagged With: China, Covid, divestment, EU, fossilfuels, GreenDeal, India, Paris2050, stimulus, subsidies, US

The Energy Charter Treaty needs updating, but remains a valuable tool for the transition

September 24, 2020 by Andrei Belyi

Last Thursday we published this critique of the Energy Charter Treaty (ECT). Created in the 1990s, the ECT was designed to protect cross-border energy investments from political risk. Critics now say it is being used to protect fossil fuel investments in a world committed to phasing them out. Today, Andrei Belyi of energy consulting firm Balesene OU and Adjunct Professor in Energy Law and Policy at the University of Eastern Finland, who was named … [Read more...]

Filed Under: Energy, Policies Tagged With: coal, efficiency, emissions, EnergyCharterTreaty, EU, gas, jobs, Paris2050, transition

Energy Charter Treaty: reform will only happen when energy ministers get involved

September 17, 2020 by Clare Taylor

Negotiations are underway for the reform of the Energy Charter Treaty (ECT), an international trade agreement under fire from former Energy Charter executives, members of the European Parliament, and NGOs. Created at the end of the cold war, it was designed to protect cross-border energy investments – in a fossil fuel world – from political risk. Clare Taylor quotes the critics who say it no longer makes sense for the treaty to protect oil and … [Read more...]

Filed Under: Energy, Policies Tagged With: efficiency, emissions, EnergyCharterTreaty, EU, gas, Japan, oil, Paris2050

IEA: Without accelerating clean energy innovations we cannot hit net zero by 2050

July 10, 2020 by IEA

The impressive rise of renewables and energy efficiency, alone, will not be sufficient to meet the world’s 2050 emissions goal, says the IEA in its flagship Clean Energy Innovation report. New technologies, taken all the way through to widespread adoption by the market, must become an essential part of the net zero pathway. The stark warning is that existing policies to decarbonise shipping, trucks, aviation and heavy industry are not nearly … [Read more...]

Filed Under: Energy, Innovations Tagged With: aviation, biomass, cement, emissions, hydrogen, industry, innovation, Paris2050, policies, shipping, steel, trucks

The PAC Scenario: net-zero by 2040 to meet Europe’s Paris goals

June 30, 2020 by Jörg MĂŒhlenhoff and Jonathan Bonadio

The EU is not on track to meet its Paris Agreement obligations on emissions and limiting the global temperature rise to 1.5°C. CAN Europe and the European Environmental Bureau (EEB) present their Paris Agreement Compatible (PAC) scenario, designed to do just that. It’s been created through the careful analysis of contributions from more than 150 stakeholders including NGOs, scientists, industry and grid operators. Jörg MĂŒhlenhoff at CAN Europe … [Read more...]

Filed Under: Energy, Energy Outlooks, Policies Tagged With: buildings, coal, efficiency, emissions, EU, Europe, gas, oil, Paris2050, renewables, renovations, solar, transport, wind

The cost of climate inaction: putting a $ price on 4.5°C warming

February 6, 2020 by Oriana Tannenbaum and Rushad Nanavatty

Oriana Tannenbaum and Rushad Nanavatty at Rocky Mountain Institute (RMI) have gathered data that puts a price on not making the necessary investments in tackling climate change. For the U.S., a 4.5°C warming scenario (by 2050) will cost $5.2tn. At a more drastic 6°C the cost is $17tn. These projections are hard to do when treating the climate as an “infrastructure asset”, though proven methodologies do exist for tradition assets, and the authors … [Read more...]

Filed Under: Energy, Investment Tagged With: buildings, carbontax, EVs, grids, infrastructure, investment, Paris2050

Can emissions trading work without Article 6 of the Paris Agreement?

January 14, 2020 by Isabella Alloisio

Article 6 of the Paris Agreement creates the framework for mechanisms that will allow nations and sub-national actors to trade emissions. Executed correctly, it must raise ambitions and reduce total emissions. It must also ensure there is transparent and accurate accounting for emissions, with no double-counting. It made little progress at December’s COP25. This was partly due to some countries “insisting on accounting loopholes”, writes Isabella … [Read more...]

Filed Under: Energy, Policies Tagged With: COP25, COP26, emissions, EUETS, NDC, Paris2050, policies

Peak Energy by 2030: Efficiency gains will make the Transition affordable

December 19, 2019 by Sverre Alvik

We can’t afford the energy transition? Next time you hear that from someone, perhaps you can show them this. Sverre Alvik at DNV GL explains that, according to their latest Energy Transition Outlook, although annual global energy expenditure will have to increase from $4.6tn in 2017 to $5.5tn in 2050, its share of growing world GDP will almost halve from 3.6% to 1.9%. That’s because continuing energy efficiency gains are making sure that total … [Read more...]

Filed Under: Energy, Policies Tagged With: efficiency, electricity, emissions, fossilfuels, grids, Paris2050, PeakEnergy, policies, renewables, support

Most “sector leader” German DAX firms will miss the Paris target

December 18, 2019 by Nicolas Schuerhoff and Lennart Schweser

By how much would the earth warm up by 2050 if every company were to operate as emissions-intensively as yours does today? It’s a fascinating way to measure whether you are doing enough, or whether you are leaving the hard work to someone else. The fintech "right. based on science" has created a model that tries to answer these questions. They have used it on the 30 companies listed on the German DAX index by calculating the future emissions of … [Read more...]

Filed Under: Energy, Policies Tagged With: DAX, emissions, eon, Germany, Paris2050, RWE

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        Recent Posts

        Wind and Solar generated record 20% of EU electricity in 2022. More than gas, nuclear, hydro, coal

        Steel decarbonisation: Australia must stop making excuses and follow Europe’s lead

        Can new cheap, frequent “laser” monitoring of critical components extend Nuclear plant lifetimes by decades?

        Wind (and Solar) need their own Financial Transmission Rights to hedge their unique congestion risks

        The U.S. should support the EU’s Carbon Border Adjustment Mechanism (CBAM)

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