Tax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
Read MoreGerman cabinet approves tweaked climate package, sending it to parliament
Germany’s ministerial cabinet on Wednesday approved the government’s new €54 billion climate plan after making a few tweaks, sending the proposals to tackle non-EU ETS emissions for passage by parliament and state lawmakers.
Read MoreLow-cost EU airline emissions dive in September
Two of Europe’s biggest low-cost airlines posted a month-on-month decline in their carbon emissions in September.
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreCARBON FORWARD 2019 – UK climate minister Duncan to deliver keynote speech
**THIS IS A FREE ARTICLE** – Survive and thrive in carbon markets by joining us at the 4th annual CARBON FORWARD conference & training day where we will be joined by the pre-eminent experts to discuss a programme developed by environmental market experts and based on feedback from companies like yours.
Read MoreEZ does it: Declining CO2 price trajectory necessary to counter climate uncertainty -study
Carbon prices should start high and decline over time to combat the environmental and economic cost of long-term inaction, according to research published Tuesday, advocating turning the conventional approach on its head.
Read MoreAir France to offset all domestic flight emissions from 2020
Air France will from next year offset the emissions from all of its nearly 500 daily domestic flights, the airline’s CEO announced late Monday.
Read MoreEmissions trade could save $250 bln/yr for climate action by 2030, study finds
International emissions trade under a well-functioning Article 6 of the Paris Agreement could save as much as $250 billion per year by 2030 and improve the chances of meeting the pact’s climate goals, according to a study published Tuesday.
Read MoreCARBON FORWARD 2019: Navigating opportunities in global carbon markets
**THIS IS A FREE ARTICLE** – Learn how companies and governments are aligning with the Paris Agreement and finding opportunities in carbon markets worldwide.
Read MoreClimate Action Summit: Small nations’ ambition can’t outweigh major emitter inaction
Nearly 60 countries at the Climate Action Summit in New York on Monday committed to increase their GHG reduction targets ahead of next year’s Paris Agreement deadline, yet their efforts were overshadowed by larger emitters refuting the UN chief’s calls for higher ambition.
Read More