DeSmog
Jan 22, 2021 @ 05:41
Many of the world’s most polluting companies are being handed a “get out of jail free” card by being invited to shape a scaled-up offsetting market, campaigners claim.
The Taskforce on Scaling Voluntary Carbon Markets is due to publish its “roadmap for implementation” on Wednesday, four months after it was launched by former Bank of England Governor Mark Carney, who is now a UN Special Envoy for Climate Action and Finance.
Carney’s group wants to hugely scale up the existing market, making it “large, transparent, verifiable and robust”. This, it claims, will help private corporations meet the UK’s net zero target by 2050, in line with Paris Agreement targets to limit the worst impacts of climate change by restricting global warming to 1.5C or “well below” 2C.
Op-Ed | The price we must all pay: carbon pricing
Woods Institute for the Environment hosted a “virtual celebration” on Monday to acknowledge the progress Stanford and the world has made in the 50 years since the first Earth Day in 1970. (Photo: JAWED KARIM/Wikimedia Commons)
on April 20, 2021
“Among the most urgent issues of our time are climate change and the challenge of creating a sustainable future for people and our planet,” affirmed Stanford President Marc Tessier-Lavigne as he announced the new School of Sustainability in May 2020.
Overwhelming evidence has shown the accelerating impacts of climate change. In the past year, we have experienced more frequent and more extreme weather events than ever, such as the record-breaking 4.2 million acres burned in Californian wildfires and the devastating electricity blackouts in Texas. In response to the growing threats of climate change, Stanford students and faculty have demonstrated a willingness to take action. Vario
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Many countries have been advertising their ambitious decarbonization plans but have yet to take the aggressive action needed to put their plans in motion. However, change may be on the horizon.
A group of global leaders reaffirmed or even advanced their net zero commitments and detailed the steps they will take to achieve their long-term goals at last week’s Leaders Climate Summit. This was a framing around here is a crisis but here is a pathway to success as we deal with it, Jonathan Pershing, senior advisor to the special presidential envoy for climate at the US Department of State, said about the summit during an April 26 webinar hosted by the Society of Environmental Journalists, according to S&P Global Platts.
The latest round of increased climate commitments from key countries bodes well for demand for greenhouse gas emissions offset credits, the International Emissions Trading Association said late April
Environmentalists are debating how carbon offsets should fit into President Biden
The administration soon will offer its first clues on how it plans to achieve that goal with the release of an updated U.S. plan for meeting Paris agreement commitments. The report, known as the Nationally Determined Contribution (NDC), will spell out the country’s new interim emissions targets.
Proponents of using carbon offsets argue that they’re necessary for reaching net-zero targets and that anything that ultimately removes carbon from the air is a good thing. Opponents counter that offsets essentially punt emissions reductions down the road, and they point to evidence showing the approach is not always effective.