Switzerland and Thailand in February 2023 further elaborated their initial deal and agreed that Switzerland will invest $100mln in Thailand in CO2 reduction projects. Thailand can transfer credits, such as 1,5 Mt of an E-Bus project, to Switzerland as #ITMOs if the cuts go beyond the Thai NDC target. Switzerland can then meet part of…
Tag: carboncredits
Nations develop strategies for a smart use of the global carbon market to help meet Paris goals
The Paris Agreement Parties adopted at CoP-26 in Glasgow in 2021 Art 6.2 guidelines, to make use of international carbon trading to help meet the Paris goals and a new centralized carbon credit issuing mechanism (Art 6.4). Parties are now preparing to operationalize these guidelines and to setup the Supervisory Body for Art 6.4, to…
Tropical forest protection needs positive incentives from the EU
Tropical deforestation still contributes some 17% to global greenhouse gas emissions and the problem is on the radar of the EU and against EU driven deforestation. However, the focus is limited to negative incentives: on import restrictions and penalties. But forest nations ask for support, for example for sustainable farming without clearing forests. Making use…
COVID-19 and Climate Change Each Require Targeted Treatment and Improved Behavior
We’ll meet the COVID challenge by improving our current treatments and practices, not by either jettisoning them or letting the disease run its course. Here’s how that same logic applies to climate change. “Let’s be more pragmatic: the antidote is here!” My contribution on EcosystemMarketplace
Hoge Raad laat in Arrest Klimaatzaak ruimte via carbon credits aan de vereiste reducties te voldoen
Wiebes hield optie carbon credits al op tafel in de Tweede Kamer (kamerzitting 28/11) Samenvattend: Nederland mag carbon credits van het Kyoto Protocol gebruiken en deze worden als eigen reducties gezien om de Nederlandse CO2-doelen te halen. Ook staat het toegestaan gebruik van carbon credits expliciet genoemd in de EU Effort Sharing Decision voor 2020….