Harnessing voluntary carbon markets for climate ambition

Harnessing voluntary carbon markets for climate ambition PDF Author: Ahonen, Hanna-Mari
Publisher: Nordic Council of Ministers
ISBN: 9289374594
Category : Social Science
Languages : en
Pages : 72

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Book Description
Available online: https://pub.norden.org/temanord2022-563/ An increasing number of non-state actors are taking steps towards and beyond carbon neutrality and making claims about their contribution to global climate action. The voluntary use of carbon credits is one way to support more, earlier and faster climate action than what would be possible with own emission reductions alone, if high environmental and social integrity is ensured. The Nordic Dialogue on Voluntary Compensation brought together Nordic stakeholders to co-create guidance for the robust voluntary use of carbon credits in line with the long-term goals of the Paris Agreement and the UN Sustainable Development Agenda. This report summarises Nordic perspectives on best practice for the voluntary use of carbon credits and related claims, and recommendations for further Nordic cooperation in this field.

Harnessing voluntary carbon markets for climate ambition

Harnessing voluntary carbon markets for climate ambition PDF Author: Ahonen, Hanna-Mari
Publisher: Nordic Council of Ministers
ISBN: 9289374594
Category : Social Science
Languages : en
Pages : 72

Get Book Here

Book Description
Available online: https://pub.norden.org/temanord2022-563/ An increasing number of non-state actors are taking steps towards and beyond carbon neutrality and making claims about their contribution to global climate action. The voluntary use of carbon credits is one way to support more, earlier and faster climate action than what would be possible with own emission reductions alone, if high environmental and social integrity is ensured. The Nordic Dialogue on Voluntary Compensation brought together Nordic stakeholders to co-create guidance for the robust voluntary use of carbon credits in line with the long-term goals of the Paris Agreement and the UN Sustainable Development Agenda. This report summarises Nordic perspectives on best practice for the voluntary use of carbon credits and related claims, and recommendations for further Nordic cooperation in this field.

Harnessing Voluntary Carbon Markets for Climate Ambition

Harnessing Voluntary Carbon Markets for Climate Ambition PDF Author: Hanna-Mari Ahonen
Publisher:
ISBN: 9789289374606
Category :
Languages : en
Pages : 0

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Book Description


Voluntary Carbon Markets

Voluntary Carbon Markets PDF Author: Ricardo Bayon
Publisher: Earthscan
ISBN: 1849773726
Category : Business & Economics
Languages : en
Pages : 185

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Book Description
The world carbon market is growing at a staggering rate with trading volumes into the tens of billions of dollars and approaching a billion tonnes of carbon dioxide. The growth prospects for business are enormous and the potential positive impacts for greenhouse gas emission reductions, climate policy options, renewable energy investment, development projects and efficiency gains are increasingly apparent.A key part of the market in greenhouse gas emissions is the rapidly growing voluntary carbon market driven by companies, organizations and individuals committed to efficiency, profitability and rapid action on climate change. HSBC, Volvo, Avis, Ricoh and American Express are but a few of the many companies now offsetting their greenhouse gas emissions and becoming 'carbon neutral', fuelling an international voluntary carbon market that is growing exponentially. This groundbreaking business book, written in a fast-paced journalistic style, draws together all the key information on international voluntary carbon markets with commentary from leading practitioners and business people. The voluntary market is complex, fragmented and multi-layered, but it is beginning to consolidate around a few guiding practices and business models from which conclusions can be drawn about market direction and opportunities.The book covers all aspects of voluntary carbon markets around the world: what they are, how they work and, most critically, their business potential to help slow climate change. It is the indispensable guide for anyone seeking to understand voluntary carbon markets and capitalize on the opportunities they present for economic and environmental benefit. If you want to be ahead of the curve for the next big thing, you need this book.

Exploring the Market for Voluntary Carbon Offsets

Exploring the Market for Voluntary Carbon Offsets PDF Author: Nadaa Taiyab
Publisher: IIED
ISBN: 1843695820
Category : Emissions trading
Languages : en
Pages : 42

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Book Description
Explores the potential for financing small-scale high-benefit sustainable development projects through the voluntary and retail sector of the carbon market.

Defining Results-Based Climate Finance, Voluntary Carbon Markets and Compliance Carbon Markets

Defining Results-Based Climate Finance, Voluntary Carbon Markets and Compliance Carbon Markets PDF Author: World Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Under the Kyoto Protocol, compliance carbon markets (CCM) were primarily in the form of the Clean Development Mechanism (CDM) and Joint Implementation (JI). In 2015, the Paris Agreement introduced a new bottom-up approach to address climate change. Under the Paris Agreement, Parties set non-binding climate targets through their nationally determined contributions (NDCs). Article 6 of the Paris Agreement recognizes cooperation among countries for achieving their NDCs and raising climate ambition. This provides the basis for international CCM, where countries can trade emission reduction ("carbon”) credits with each other. Article 9 of the Paris Agreement stipulates that developed countries shall provide resources to developing countries for climate mitigation and adaptation. Developed countries would also take the lead in mobilizing climate finance from a variety of sources that represents a progression beyond previous efforts. The objective of this information paper is to outline three avenues for monetizing climate results - results-based climate finance (RBCF), voluntary carbon markets (VCM), and CCM. The paper is intended to describe activities by non-state or private sector actors in these mechanisms, and how their participation can facilitate the achievement of climate benefits in a cost-effective manner.

Future Role for Voluntary Carbon Markets in the Paris Era

Future Role for Voluntary Carbon Markets in the Paris Era PDF Author: Harry Fearnehough
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
The end of 2020 marks a fundamental change in the global governance of greenhouse gas emissions with the shift from the Kyoto Protocol era to that of the Paris Agreement. This also has implications for the future role and the feasible models of the voluntary carbon market. A critical focus is whether and how 'double counting' of emission reductions - using the same emission reduction for voluntary offsetting and to achieve a country's target under the Paris Agreement - is avoided. We show that, where there is a risk that the same emission reduction outcome could be claimed more than once, the impact of voluntary engagement in carbon markets could be negligible, or even lead to an overall negative climate impact. Within this context it is important that the future design of the voluntary carbon market ensures that the support of activities does not disincentivise governments from increasing their climate mitigation efforts. We apply a number of criteria to assess potential new models for voluntary carbon markets under the Paris Agreement as well as options to increase engagement in voluntary carbon markets and improve transparency. Three models emerge as potentially viable options in the Paris era: the “contribution claim”, “NDC crediting” and “non-NDC crediting” approaches, each with their own respective strengths and weaknesses. The relative attractiveness of the models is likely to change over time as country NDCs are scaled up. In order to maximise the climate impact of voluntary market activities and safeguard against some of the risks presented by features of the models, we recommend that the market seeks to focus on project activities representing challenging mitigation options as well as project host countries with ambitious NDC targets.

Regulatory framework for CCS in the Nordic countries

Regulatory framework for CCS in the Nordic countries PDF Author: Möllersten, Kenneth
Publisher: Nordic Council of Ministers
ISBN: 9289376236
Category : Political Science
Languages : en
Pages : 71

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Book Description
Available online: https://pub.norden.org/temanord2023-521/ All Nordic countries have set ambitious targets to achieve net-zero greenhouse gas emissions through various national goals and legislation. Carbon Capture and Storage (CCS) has a key role in strategies to achieve net-zero emissions through mitigating emissions from fossil fuels and removing CO2 permanently from the atmosphere. This project aimed to analyse regulatory aspects that are relevant for deployment of CCS-based mitigation options in a Nordic context. The report identifies similarities and differences between the Nordic countries concerning CCS regulation, barriers to CCS deployment due to regulatory frameworks, and currently ongoing regulatory development aimed at promoting responsible CCS deployment. Recommendations are provided concerning areas where further development, coordination, and capacity building might be prioritised by the Nordic countries.

THE NORDIC REGION – a sustainable and integrated region?

THE NORDIC REGION – a sustainable and integrated region? PDF Author: Nordic Council of Ministers Secretariat
Publisher: Nordic Council of Ministers
ISBN: 9289376058
Category : Political Science
Languages : en
Pages : 73

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Book Description
Available online: https://pub.norden.org/politiknord2023-728/ Our Vision 2030 describes what it will take to make the Nordic Region the most sustainable and integrated region in the world. The sheer ambition makes it important to monitor progress closely. To this end, the Nordic Council of Ministers commissioned Rambøll Management Consulting to conduct baseline measurements back in 2021. The idea was to map out the starting point for work on the vision. This status report follows up on the baseline measurements and assesses progress towards realising the vision. It is based on the 45 indicators adopted by the Nordic Council of Ministers in 2021 and the methodology used for the baseline report. Overall, the 2023 status report shows that the Nordic Region remains on track to become the most sustainable and integrated region in the world. This is particularly true for the visions of a competitive Nordic Region and a socially sustainable Nordic Region. However, there is room for improvement with regard to the visions for a green Nordic Region.

Proceedings of the International Conference on Radioscience, Equatorial Atmospheric Science and Environment and Humanosphere Science, 2021

Proceedings of the International Conference on Radioscience, Equatorial Atmospheric Science and Environment and Humanosphere Science, 2021 PDF Author: Erma Yulihastin
Publisher: Springer Nature
ISBN: 9819707404
Category :
Languages : en
Pages : 916

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Book Description


Carbon Markets in a Climate-Changing Capitalism

Carbon Markets in a Climate-Changing Capitalism PDF Author: Gareth Bryant
Publisher: Cambridge University Press
ISBN: 1108386229
Category : Political Science
Languages : en
Pages : 195

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Book Description
The promise of harnessing market forces to combat climate change has been unsettled by low carbon prices, financial losses, and ongoing controversies in global carbon markets. And yet governments around the world remain committed to market-based solutions to bring down greenhouse gas emissions. This book discusses what went wrong with the marketisation of climate change and what this means for the future of action on climate change. The book explores the co-production of capitalism and climate change by developing new understandings of relationships between the appropriation, commodification and capitalisation of nature. The book reveals contradictions in carbon markets for addressing climate change as a socio-ecological, economic and political crisis, and points towards more targeted and democratic policies to combat climate change. This book will appeal to students, researchers, policy makers and campaigners who are interested in climate change and climate policy, and the political economy of capitalism and the environment.