Posts Tagged ‘Clean Development Mechanism’

The U.S is Driving Other National Positions Leading into Copenhagen

The U.S position on Climate Change is overshadowing all other discussions in the lead up to Copenhagen, even at a conference I recently attended in Melbourne Australia - the 5th Australia-New Zealand Climate Change & Business Conference, August 24-26th. The Australian position requires global consensus for a greenhouse gas emissions target by 25% with a successful Post 2012 Agreement in place, but only 5% if that is not concluded. It all depends on what the U.S does in Copenhagen according to their minister Penny Wong.

The European Union is the only group that will continue with strong commitments independent of the U.S position with a 20% reduction of greenhouse gases on 1990 levels by 2020 and 30% if a global agreement is concluded.

India Looking to Counter Emission Reduction Demands With Forest Conservation Plans?

India is possibly looking to dodge the issue of mandatory emission reductions by announcing a variety of green schemes.

Funding, Real Emission Reductions Key to Climate Treaty As Rich Nations Promise $100 Billion/Year Aid to Poor Nations

Apart of a steady flow of aid money to poor nations, the UN must ensure that the quality of the emission reductions improves under the next climate treaty by including new evaluation and reporting methods.

China Building Coal Stockpiles of 100 Million Tonnes, Calls For Greater Emission Cuts From Developed Nations

China, while indicating that it is ready to accept sectoral carbon emission cuts, has unveiled plans to build massive coal reserves in order to avoid counter any shortages in the near future.

China Ready To Limit Carbon Emissions Following US Pressure, EU Help

With mounting pressure from US and promise of assistance by EU, China has indicated that it is ready to cooperate on an international deal to reduce carbon emissions.

How About a Global Carbon Labelling Law?

With no consensus on a global carbon tax, the world leaders must try to negotiate a global carbon labelling law as it would make countries around the world responsible for their share of emissions, hopefully making them take bold measures to control them.

Carbon Tax Bill Introduced in US Congress

Amid increasing calls for a global carbon tax to check carbon emissions, a new bill proposing a nation-wide carbon tax has been introduced in the US Congress.

Europe Calls For $200 Billion Climate Tax on Developed Nations

EU wants to include a $200 billion climate tax on developed nations in the next climate treaty but is it the right step forward given the global economic conditions. It’s time to include countries like India and China in a long-term climate solution and ask them to shoulder greater responsibilities in the fight against Climate Change.

UN Admits Carbon Emissions Trading Mechanism Needs Overhaul

The UNFCCC wants to make the next climate treaty a success but in order to do that it must bring transparency and accountability into the carbon credits trading mechanism.

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