sfa

What Next -- Climate Watch

The inconvenient truth of carbon offsets

by Kevin Anderson
Deputy Director
Tyndall Centre for Climate Change Research
University of Manchester, UK


Nature, vol. 484, no. 7 (link to pdf)
5 April 2012
Kevin offsets Nature_120px

Planet Under Pressure was a major conference on the environment held in London last week. As a climate-change scientist, I was invited to organize a session at it and to present my group's research. I declined the offer, and here is why.

 

Read More....
View Comments

Say no to soil carbon markets@COP 17 sign-on letter to African Ministers

There's increasing heat around the issue of soil sequestration in agriculture linked to off-set carbon trading markets (see also this post). Below a link to a sing-on letter directed to African Ministers that lays out the arguments against carbon trading in soil sequestration.

Nosoilcarbonmarkets_shadow
Read More....
View Comments

EU carbon permit prices could crash to 3 euros next year, says UBS

Swiss investment bank UBS concludes that the carbon markets are failing – both in terms of investments as well as having any meaningful contribution to climate and environment. Quotes below from report market analysts Point Carbon. “By 2025, the ETS will have cost consumers 210 billion euros. Had this amount been used in a targeted approach to replace EU’s dirtiest plants, emissions
Read More....
View Comments

The unfrackable case against carbon credits from coal fired-power plants

payal_blog_12nov_shadow
Off-set carbon credits from coal-fired power plants -- doesn't that sound like nuts to begin with? Well, obviously not to everyone, as such offset credits are currently allowed within the Clean Development Mechanism (CDM) under UNFCCC. However, recent studies have delivered some serious blows to the methodologies used. Check out this report in Payal Parekh's blog that refers to an SEI study showing inflated credits by 71%, and the CDM Methodology Panel concluding 51-62% overestimation of greenhouse gas emissions from coal plants in the CDM pipeline.
Read More....
View Comments

Soil carbon and carbon trading -- controversy heating up!

One of the major controversies in Durban will be the issue of soil sequestration in relation to carbon markets. The World Bank is heavily promoting the idea of linking agricultural soil sequestration to off-set carbon markets under the banner of 'climate smart agriculture'. It sees the Durban negotiations as an opportunity to open up for such a development by getting agriculture back in the texts.

An increasing number of organizations are however mobilizing against this, on the grounds of environmental integrity and climate justice. They argue that off-sets effectively opens up for increased emissions, as permanence (what happens with the carbon stored in the soils over time?), additionally (how can one know the carbon would't have been stored in the soils in any case due to e.g .government action or civil society and community efforts?), and inherent difficulties in measuring soil carbon makes the whole set-up extremely risky.

In addition, the economics is shaky, with farmers projected to only earn one or a few dollars a year, while private interests in the north gets cheap carbon credits to avoid and delay own actions to cut emissions.

At the spotlight is the Kenya Agricultural Carbon Project, run by the Swedish NGO Swedish Cooperative Centre (SCC)/Kooperation utan gränser.
Read More....
View Comments

Cancún outcomes

Here is a summary of the key outcomes of COP 16 in Cancún. Positive outcomes are in green, negative outcomes are in red, and neutral/ambivalent outcomes are in grey. So, according to this mind map one could summarize the Cancun meeting as around 85% bad and 15% good. However, some of the bad outcomes are very significant, particularly the move towards a paradigm shift of pledge & review rather than the clear, legally binding principles of the Kyoto Protocol.

Cancun outcomes_420pxl_shadow
Click on the map for a hi-resolution version for viewing online or printing (comes out best in A3-format).
Read More....
View Comments

World Bank: "Carbon offsets sales have not worked"

Carbon offset sales have not worked - World Bank
A new World Bank study conducted by the Independent Evaluation Group find offset sales are not working and suggests five solutions


BUSINESS DAY
Read More....
View Comments

Caught! EU business lobby funding climate legislation blockers in US Senate

Caught! EU business lobby funding climate legislation blockers in US Senate
Monday, 25 October 2010 10:12


Today CAN Europe [1] released a new report [2] based on an analysis of publicly available campaign finance records, definitively proving that polluting European companies are funding climate legislation blockers in US politics. Their overseas support is all the more galling because the same companies argue that additional emissions reductions in Europe cannot be pursued until the United States takes action.

“It’s disturbing that these European polluters fund anti-climate crusaders in the US while simultaneously fighting against strong climate legislation in Europe,” said Tomas Wyns, CAN Europe Senior Policy Officer. “This newly released data proves the anecdotal rumours about European companies that have been circulating for some time.” The report was created using information that became available throughout the month of October, based on data released by the US Federal Elections Commission and accessible via the Open Secrets database [3]. CAN Europe uncovered what appears to be a clear pattern of European polluters influencing United States climate and energy policies through targeted donations to candidates who oppose action on climate change.
Read More....
View Comments

Carbon trading business pespective on markets in Tianjn negotiations

Tianjin talks see progress on markets06 October, 2010Developing country opposition to the expansion of market mechanisms after 2012 is softening, according to delegates at the latest round of climate talks in Tianjin, China, although big-picture complexities around the negotiations could hold up progress on the issue.Meanwhile, talks on developing a market for carbon stored in forests have been going
Read More....
View Comments

Nature, Forests and Indigenous Peoples Are Not For Sale

A Statement by Evo Morales, President of the Plurinational State of Bolivia on REDD/REDD+"Nature, Forests and Indigenous Peoples Are Not For Sale"
Read More....
View Comments
See Older Posts...