Annual emissions have to reduce by 29-32 gigatonnes of equivalent carbon dioxide (CO2e) by 2030 to maintain a fighting chance to stay below 1.5 degree C -- a five-fold increase on current ambitions, the report notes.
According to the report, carbon offset schemes were set up to allow the largest polluters who exceed permitted emissions’ levels to fund projects, such as reforestation, that reduce CO2 in the air, essentially balancing out their emissions equation. The types of carbon offset projects that are implemented range from forestry sequestration projects to energy efficiency and renewable energy projects (which reduce future CO2 emissions in the atmosphere).
Carbon offsets are useful while infrastructure and industry make the transition to electric mobility, alternative energy and the new technology necessary for low- and zero-carbon lifestyles. Where there are no viable alternatives in the short term, an offset scheme promises to cancel out the emissions in one place with emission-reducing actions in another.
Clean Development Mechanism (CDM) credits have also come under fire with a 2016 study found 85 pct of the offsets had a "low likelihood" of creating real reductions, and the UN has struggled to reconcile its support for offsets with evidence that they are problematic.
Download the UN Carbon Offsets are Not Our Get-Out-of-Jail Free Card
report HERE; (Source: UN Environment, Pro Publica, 10 June, 2019) Contact: UN Environment, Niklas.Hagelberg, Niklas.Hagelberg@un.org
More Low-Carbon Energy News CDM, Carbon Emissions, Carbon Offsets,
Through a variety of strategic initiatives, the company will cut carbon emissions across its global production sites from nearly 2 million tons recorded in 2017 to 960,000 tons by the end of 2030. To that end, the company is looking to expand its high-efficiency facilities and technologies targeting greenhouse gas reduction and alleviating the creation of carbon emissions during the production process.
Additionally, through the expansion of its Clean Development Mechanism (CDM) projects, LG plans to secure UNFCCC Certified Emission Reduction (CER) credits. (Source: LG, PR, May, 2019)
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Minister also noted the IESO "will be expected to present an nergy)Conservation and Demand Management (CDM) Plan to the government within one month of receiving the Directive. The IESO plan would provide details on the programs, budgets and expected electricity and demand savings for the balance of 2019 and 2020. The IESO's CDM Plan is expected to include the following CDM programs, or equivalent programs, centrally delivered by the IESO:
In addition to the Heating-Cooling Incentive Program, the following programs will be discontinued:
"As this report shows, the CDM is harnessing the entrepreneurial power of markets and the private sector to meet goals on sustainable development and climate change – something that remains a priority today, not only for climate action but for financing in support of the 2030 Agenda for Sustainable Development and the Paris Agreement.
"It is helping bring climate action and sustainable development to the forefront of the global agenda -- through the thousands of projects in developing countries and by making international organizations, businesses and ordinary citizens aware of their own carbon footprints and what they can do to reduce and offset them. Perhaps most importantly, the CDM has established robust standards and methodologies to quantify and monitor emission reduction projects."
Download the report HERE.
(Source: UNFCCC, Oct., 2018) Contact: UNFCCC, UN Climate Change, +49 228 815 1000, firstname.lastname@example.org, https://unfccc.int
More Low-Carbon Energy News Clean Development Mechanism, CDM, UNFCCC, Paris Climate Agreement, Climate Change,
The agreement will enhance the implementation of Rwanda's Green Growth and Climate Resilience Strategy and enable the country to participate in international emissions reduction mechanisms including the Clean Development Mechanism (CDM), Nationally Appropriate Mitigation Actions (NAMAs), and the mechanism for Reducing Emissions from Deforestation and Forest Degradation (REDD+). It will also allow Rwanda to become a regional training center for carbon accounting in the Central African Forest Commission (COMIFAC) and Common Market for Eastern and Southern Africa (COMESA) regions.
The signatories will also collaborate to develop an Advanced Terrestrial Carbon Accounting Certificate programme at the University of Rwanda.
(Source: Rwanda Ministry of Environment, Rwanda New Times, 13 Oct., 2018) Contact: Greenhouse Gas Management Institute, (202)350-9047, email@example.com, https://ghginstitute.org;
Rwanda Ministry of Environment, www.minirena.gov.rw
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Fiji, which is the presiding President of the COP23 conference now underway in Bonn to 17 Nov., says COP 23 brings a sense of urgency as several Pacific islands are threatened by rising sea level and could soon disappear underwater. (Source: Fiji Times, 6 Nov., 2017) Contact: COP23 President Fifi, www.cop23.com.fj
More Low-Carbon Energy News CDM, Carbon Emissions, Carbon Offsets, Carbon Footprint,