My Tiny Feed

theguardian.com

Carbon Markets: Challenges and Opportunities

Analysis of carbon markets, their role in climate finance, and the challenges and opportunities surrounding their implementation.

Read original article in English

English

United Kingdom

Climate ChangeEnergy SecurityFinanceEnvironmentPolicyClimateMarkets

FbiUnited Nations

Donald TrumpJoe Biden

What are carbon markets and their different types?: Carbon markets are systems for trading carbon credits, each representing one tonne of CO2 reduced or removed from the atmosphere. They exist in regulated compliance markets and unregulated voluntary markets, with the former being significantly larger.
What is the main goal of the upcoming meeting in Baku?: The upcoming meeting in Baku aims to address the need for increased climate finance through carbon markets, hoping to leverage these markets for achieving global decarbonization goals.
Why have carbon markets been controversial in the past?: Carbon markets have faced controversy due to past fraud, ineffective schemes, and low prices. Recent exposés of worthless credits and human rights concerns have further eroded trust, although technological advancements offer potential improvements.
What is the role of carbon markets in the Paris Agreement?: Article 6 of the Paris Agreement allows for international carbon trading to help countries meet their emission reduction targets. It envisions a global carbon market, but its rules remain unfinalized, creating complexities.
Why might the current approach to carbon markets be different?: This time, political necessity and technological advancements might make carbon markets more effective. The US now supports them, and new monitoring technologies help prevent fraud, unlike past efforts.

Jan 23, 04:13

EU Electricity Generation: 75% Greenhouse Gas-Free in 2024

In 2024, the European Union generated nearly 75% of its electricity from sources without greenhouse gas emissions, with renewable sources like solar (up 22% from 2023) and wind providing over 47%, while nuclear energy contributed nearly 24%, and coal use dropped to under 10%, its lowest level in 40 years.

Jan 23, 04:12

Union of BC Indian Chiefs Reverses Stance on Northern Gateway Pipeline

Grand Chief Stewart Phillip of the Union of BC Indian Chiefs apologized for comments suggesting support for the Northern Gateway pipeline, clarifying that the Union firmly opposes its revival due to environmental concerns and despite potential US tariffs, maintaining a long-standing mandate against such projects.

Jan 23, 13:10

EU's Electricity Generation Reaches 74% Carbon-Free in 2023

In 2023, nearly 74 percent of the European Union's electricity came from sources without greenhouse gas emissions, primarily from renewable sources (47 percent) and nuclear power (24 percent). This marks a significant reduction in fossil fuel dependence, with coal and gas contributing only 29 percent, the lowest level in 40 years.

Jan 23, 04:13

EU's Renewable Energy Hits Record High, Surpassing Fossil Fuels

A new report reveals that 47% of the European Union's electricity now comes from renewable sources like solar and wind, exceeding coal and gas combined, driven by the European Green Deal and the war in Ukraine, contrasting sharply with the U.S.'s fossil fuel focus.