China announces it would launch a national carbon market in 2018 based on the 6 regional pilot programs launched in past year.
Tag: "carbon budget"
The CCA’s budget approach to emissions reduction makes it crystal clear that whatever we do now cannot be divorced from what must be done later.
A new study by an interdisciplinary group of scientists and economists has led to calls for more severe emissions cuts, and a tighter carbon budget.
IPCC report suggests we may have used two thirds of our carbon budget already. That would mean less than 10 per cent of world’s fossil fuel reserves could be exploited if the world is to have a better than even chance of avoiding runaway global warming.
Climate Commission adds voice for tight carbon budget, calls for major changes to energy production, says most fossil fuel reserves must stay in the ground.
When it comes to the shift to a low-carbon economy, many are so busy looking at politics for signs of change, they’re missing the signs in the market. Policy might be essential, but markets deliver solutions – and the signs are that this process is now well underway. Meanwhile, that carbon bubble just keeps getting bigger.
The IEA last year said if the world wanted to meet climate targets, it would have to leave two thirds of its fossil fuels in the ground. So what does unburnable carbon mean for oil and gas giants? HSBC crunches the numbers and says up to 60 per cent of the value of fossil fuel companies could be at risk.