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Is the ‘Legacy’ Carbon Credit Market a Climate Plus or Just Hype? As major corporations look to buy carbon credits to offset emissions, critics are questioning the value of “legacy” credits from green projects that are a decade or more old. What’s needed, experts say, is to reform the credit system so it delivers actual carbon reductions. On October 20 last year, French oil giant Total docked a tanker loaded with Australian liquefied natural gas at the port of Dapeng in southern China. The company boasted that the LNG was “carbon neutral” because the emissions from burning it ha...

By Maureen Sieh In its 40-year history, the Daily Observer has weathered many storms including five closures, imprisonment, and threats to its journalists and three fires for fulfilling its watchdog role of exposing corruption, widespread human rights abuses meted against the Liberian people by their government. One of the fires was in response to a story I wrote about the mysterious arrest and disappearance of Major General Kemeh, a son of Nimba County and former secretary general of the defunct People’s Redemption Council (PRC). Kemeh and his wife were spending the Christmas holiday in Ni...

EU heads of states have agreed on a 55% reduction target for greenhouse gas emissions by 2030, but the inclusion of carbon sinks and the choice of 1990 as the baseline year have led environmentalists to criticise the deal for lacking ambition. When EU leaders agreed a new climate goal for 2030 on Friday morning after a night of marathon talks, there was a smell of victory in the air. “Kudos to the EU for pulling the future into the present, with huge benefits for people, planet and profit,” said Christiana Figueres, former executive secretary of the UN Framework Convention on Climate Chan...

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Saturday, 12 December 2020, 6:24 am EU leaders have agreed a net 55% emissions reduction goal for 2030. While this replaces the outdated 40% goal, the target is not in line with the Paris Agreement[1] and Europe’s historic responsibility to cut emissions. Relying on forests and land to reach the target also means that in reality, EU countries will reduce their CO2 pollution only around 51-53%[2]. Today, the EU heads of state or government agreed a ”at least 55%” net climate target for 2030. The new target is an improvement but falls short of a 65% goal which would correspond to Europe�...