Karizki Hadyanafi, National Development Planning Agency (BAPPENAS); Bimo Dwisatrio, Centre for International Forestry Research, and Sandy Nofyanza, Centre for International Forestry Research
As the world’s largest archipelagic state, Indonesia has great potential to earn carbon credits to protect its endangered mangroves and seagrass – which now store around 17% of global “blue carbon”.
The safeguard mechanism is supposed to stop Australia’s largest polluters from emitting over a certain threshold. It’s been widely criticised for lacking teeth, and is finally under review.
Right now, the safeguard mechanism meant to reduce emissions is not fit for purpose. Labor is exploring ways to fix it - and create a proper pollution market.
A stray polar bear is seen outside Oktyabrsky mine on the outskirts of the Russian industrial city of Norilsk in 2019.
Irina Yarinskaya/AFP
The war in Ukraine threatens to turn back the clock on Russia’s climate progress, with some calling on the country to leave the Paris Agreement and roll back environmental regulations.
What should be done to enhance Indonesia’s emission trading scheme’s accountability? We list three points to consider to further enhance the scheme’s transparency.
Indonesia has embarked on its carbon-pricing journey. However, many elements regarding the scheme remain unknown. Here’s what we need to know before the pilot project commenced.
Too many industries have been exempted from carbon rules.
Coatesy
Stabilising Earth’s climate depends on a lot more than deals struck at conferences like Glasgow. But those agreements set a frame for real-world decisions.
Uncertainty about carbon market rules will be problematic for New Zealand, given its reliance on overseas carbon trading to meet its new climate pledge.
The prime minister road-tested an avalanche of slogans on Wednesday, some of them clearly false.
Coal accounted for 10 billion tonnes of carbon dioxide emissions globally in 2018. Germany plans to close its coal-fired power stations, like this one in Luetzerath, by 2038.
(AP Photo/Michael Probst)
A global emissions-credit trading system could bring an end to the production of coal-fired electricity, spur innovation and help countries meet their greenhouse gas emissions goals.
If problems in such schemes are not addressed, the credibility of soil carbon trading will be undermined. Ultimately the climate - and the planet - will be the loser.
Factories like this one in Serbia will have to pay carbon duties to export to EU in future.
Árpád Kiss
CEOs, including at oil companies and airlines, are relying on trees and oceans to capture and store carbon for them, but the numbers don’t add up.
This week’s climate conference in Madrid is key to getting global cooperation on climate change, the impacts of which are already being felt.
Dean Lewins/AAP
Recent bushfires and extreme weather are just a small taste of what is to come if this week’s climate negotiations in Madrid fail to deliver.
Ice floe adrift in Vincennes Bay in the Australian Antarctic Territory. There are fears efforts to combat global warming will be undermined by double counting of carbon credits.
AAP/Torsten Blackwood
Nations are struggling to agree on how international carbon trading should work under the Paris accord. A weak result would undermine global efforts to fight climate change.