ECOSYSTEM MARKETPLACE: Hundreds of US companies urge climate action as John Kerry, others calls for more “business diplomacy”
Hours after world leaders recommitted themselves to the Paris Climate Agreement at the opening of the high-level segment of the United Nations Climate Conference here, Jonathan Pershing emerged from his temporary office at the US pavilion to a gaggle of businessmen and NGO representatives.
Read MoreECOSYSTEM MARKETPLACE: Investors see rockier road to low-carbon economy under Trump, but no dead end
Nearly one week after the election of Donald Trump as President of the United States, pension fund managers like Pete Grannis of New York state and Gerald Cartigny of Dutch fund manager MN said they have no plans to re-load their portfolios with high-carbon fossil fuels – because the numbers still don’t make sense. “We […]
Read MoreCOMMENT – President Trump: Setback or turning point for climate change?
The election of Trump is bad news for anyone who cares about climate change. How bad it really is will depend on whether this is a hiccup or more permanent change in US policy.
Read MoreReactions to Trump’s US election victory
Donald Trump’s US presidential election victory will likely mean major setbacks in the effort to combat climate change, with the billionaire businessman calling the science a “hoax” and vowing to pull the US out of the Paris Agreement and to repeal many of Obama’s environmental measures including the Clean Power Plan. Herein is collection of reactions from individuals, companies and organisations involved in the climate movement.
Read MoreECOSYSTEM MARKETPLACE: The Paris Agreement takes flight; what’s next in Marrakesh?
Last Friday, the Paris Agreement entered into force way ahead of schedule – less than a year after the gavel came down to adopt the climate agreement last December. This week, as nations’ representatives meet in Marrakesh, Morocco for the next annual UN climate conference (COP22), they’ll look to take an important step toward putting the landmark agreement to work.
Read MoreECOSYSTEM MARKETPLACE: The ripple effect of California cap-and-trade
The Climate Trust is one of the oldest carbon market actors in the country, and has been working in this space for almost two decades. The land-based project types that we finance today can take several years to establish and begin delivering credits. Because of this lengthy commitment for project partners, one of the most frequently asked questions by our counterparties is, what will the carbon market look like in ten years? Of course, the honest answer is that we don’t know. We do however have a very bullish outlook on carbon.
Read MoreCOMMENT: Credit where credit is due – we should commend IMO efforts to address shipping’s CO2
The recent agreement by the International Maritime Organization (IMO) to a develop a comprehensive CO2 reduction road map is a significant decision giving further impetus to the substantial CO2 reductions that are already being delivered by the shipping industry, writes Simon Bennett of the International Chamber of Shipping.
Read MoreCARBON FORWARD: China’s massive carbon market to weed out industrial overcapacity
China is due to launch next year the world’s biggest emissions trading scheme that is being crafted to have a profound impact on key sectors of the country’s economy, such as cement, steel and petrochemicals.
Read MoreCOMMENT: Bunker emissions – time is up
The time of reckoning for international aviation and shipping is with us. Yet 19 years after Kyoto, there are many worrying signs over whether their respective organisations can agree credible measures to tackle their emissions, writes Bill Hemmings, director, aviation and shipping, at campaigners T&E.
Read MoreCOMMENT: California’s history-making new laws and what they mean for climate policy
California has fortified its role as a global leader in climate policy with passage of Senate Bill (SB) 32 and Assembly Bill (AB) 197. On Sept. 8, Governor Jerry Brown signed these bills into law, establishing a new ceiling on emissions in 2030 under SB 32-40% below 1990 levels – and new rules guiding regulators on how to accomplish emission reductions.
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