A surprisingly high number of project developers across Africa and Asia are hoping to earn ‘Corresponding Adjustments’ (CAs) for their verified carbon units (VCUs), effectively converting voluntary VCUs into higher-priced Internationally Transferred Mitigation Outcomes (ITMOs) under the Paris Agreement. It is a common expectation, but rests on two shaky premises that could lead to disappointment…
Category: column
Annual Paris Agreement Parties’ Summit more and more a political gathering; that brings extra risks
Last month’s annual climate summit in Belem, Brazil – CoP30 – is the meeting of the highest body of the Climate Convention and the Paris Agreement. On the one hand, annual operational and substantive decisions are made here, regarding reporting, the budget, progress on achieving climate goals, and guidelines for the carbon credit system. These…
The Swedish Blueprint: CO2 Deals That Deliver on Climate Goals
At the recent Climate Summit in Baku, November 2024, world leaders took a bold step toward tackling the climate crisis. The summit gave the official green light for the use of carbon markets under Article 6 of the Paris Agreement, a mechanism designed to help nations meet their climate commitments while mobilizing much-needed climate finance…
Whether ETS-2 will be effective in achieving the CO2 targets remains to be seen
To help achieve the EU’s 55% target for 2030 and 0 in 2050, the EU has determined that the EU Emissions Trading System for industry, energy, air and maritime shipping (ETS-1) will get a little brother as of 2027: ETS-2. This includes CO2 emissions from the combustion of fuels in traffic and for heating and…
Hague Court of Appeal will not establish an absolute reduction percentage for Shell
In its judgement on appeal the Court, November 12, 2024, considered the question whether Shell has the obligation under Duch Law to reduce all its global CO2 emissions by 45% by 2030 relative to 2019 levels. Milieudefensie et al. have sought a court order to this effect on the basis that Shell acts unlawfully if…
Zelf een oogje houden op hitte en fijnstof in de Utrechtse binnenstad
Een interview met Jos Cozijnsen (Milieucentrum Utrecht, 27 februari 2024) Meet je Stad Utrecht is een project van Milieucentrum Utrecht dat deelnemers zelf de temperatuur en andere factoren in hun omgeving laat meten door middel van hun eigen meetkastje. Ik ben langsgegaan bij een van deze deelnemers, Jos Cozijnsen, om te leren hoe hij het…
While EU prepares Carbon Removal Credits, Green Claim rules threat to block Companies from investing in them
EU Carbon Removal CertificationEnd of October, the EU Council and the EU Parliament adopted their positions on the European Carbon Removal Certificates Framework (CRCF). Trilogue negotiations will now begin. In my view the carbon removals should eventually be accepted under the EU Emissions Trading System and help the meet the negative emission target after 2040…
Outcome of CoP28 and difference between Art 6.2. country-to-country CO2 deals & Art 6.4. credit trade
The Global Stocktake Text gives a complete package to keep the 1,5 Degrees target within sight. It introduces a goodbye to fossil fuels use and countries promise to triple renewables power capacity, double energy efficiency, and reduce methane emissions. And it also asks to accelerate work on Article 6, including the carbon market and carbon removals….