The Paris Agreement’s Debut: Priorities at CMA1

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On October 5, 2016, the Paris Agreement passed the threshold required to go into force on November 4, 2016. Over 55 Parties to the Convention have submitted their instruments of ratification, accounting for over 55% of global greenhouse gas emissions. Therefore, the first session of the Conference of the Parties serving as the Meeting of the…
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Pricing carbon: Is this the year?

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At the close of COP21, French President Francois Hollande promised to build on the Paris Agreement by advocating for a global carbon tax. Putting a price on carbon has been done at regional, national, and subnational levels thus far. Some jurisdictions have used the cap and trade approach while others have levied a carbon tax. Today the…
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The Sustainable Development Mechanism AKA The New Carbon Market Mechanism

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  The Sustainable Development Mechanism is a new mitigation mechanism established in Art. 3 ter of the draft Paris Agreement. The purpose of this mechanism is to “promote the mitigation of greenhouse gas emissions [in developing country Parties] while fostering sustainable development….” In order to achieve its goals, the mechanism provides incentives for successfully mitigating…
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Financial services promote a greener world

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According to Michel Sapin, the French Minster of Finance, the financial sector is in the midst of a transition. Investors, insurers, and banks are at the center of the climate change activity. In a recent presentation at COP21 Sapin noted, “Climate change has immense opportunities. The future is low emissions.” Principles for Responsible Investment, an…
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Decarbonization or Climate Neutrality? Which is the Better Path to 2°C? Is There Even a Difference?

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In order to keep global temperatures under 2°C, the threshold generally accepted as the best way to avoid the most catastrophic impacts of climate change, there must be a limit on cumulative CO2 emissions. For those of you not tracking mitigation negotiations closely at COP21, there is some hot debating surrounding long-term signals maintaining this threshold….
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The Inevitable Linkage Discussion

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Let’s face: it is almost the end of 2014 and we are still negotiating an international agreement to mitigate climate change for after 2020. The good news is that several countries have taken the initiative, and adopted climate change policies. These policies vary from emissions trading, carbon taxes, performance standards, among others. But what role…
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Chile: 100% Attitude

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Chile has taken the lead in the fight against climate change, uniting its intentions and actions. The Chilean Congress has recently approved a carbon tax program to help reduce the country’s greenhouse gas emissions and meet its voluntary target offered at COP16 of cutting these gases 20 percent from 2007 levels by 2020. Michelle Bachelet, President…
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EU Debating Internally Its Carbon Emission Pledges

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This article in Bloomberg News explores the divide among EU member countries when setting the bloc’s overall commitments under the second commitment period of the Kyoto Protocol, as well as those it will agree to in the KP’s successor agreement due to be signed in Paris in 2015.  A draft plan due to be released tomorrow by the…
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More on the High Level Panel Event on the Land Use Sector and Forests

This post adds a bit more detail to Chris Knowles’ earlier post. The President of the Conference of Parties convened a “High-level panel event on the land use sector and forests” on Monday 18 November at COP19 . The President himself was in attendance, but his representative opened the meeting emphasizing the importance of the…
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Countdown to COP19/CMP9

Ambition.  Annex B targets.  Second commitment period.  Flexible mechanisms.  State parties.  Green Climate Fund.  Loss and damage.  Reforestation, deforestation, and afforestation.  Joint implementation.  Annex I.  Annex II.  Monitoring, review, and verification.  Adaptation funding.  Common but differentiated responsibilities.  Clean development mechanism.  Carbon emissions trading.  IPCC.  SBI.  SBSTA.  ADP.  AAU.  CER.  ERU. These are some of the concepts…
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