Every major climate agreement, from the 1997 Kyoto Protocol to the 2015 Paris Agreement, relies on disparate states voluntarily taking action to reduce their emissions to collectively help tackle climate change. Although a significant improvement on the mechanisms setup under Kyoto, the Paris climate accord does not confer any costs
The European Parliament has voted in favour of cutting net emissions by 90% compared to 1990 levels by 2050, backing an earlier agreement reached by the European Council. The plan also means that starting in 2036, up to 5% of the emission reduction can be achieved through the purchase of
Revised SBTi standard amplifies role of internal carbon prices, carbon credits, and Environmental Attribute Certificates (EACs)
A 'Blue Wave' may need a greyer shade of green in the Golden State
Government announces it will break link with net zero target
In today's article I discuss the decision by the German government to subsidise the industrial electricity price from early 2026. Whether it leads to a rejuvenation in the country's battered industrial heartland and increases demand for EUAs is another matter. I fear that something more fundamental
Bill Gates' latest article argues that there are three tough truths about climate that everyone at COP30 needs to know: 1) climate change is a serious problem, but it will not be the end of civilisation, 2) temperature is not the best way to measure our progress on climate,
Electrification of oil and gas production is controversial, but necessary
Advanced cookstove methodologies offer a promising recipe to slash emissions and cut air pollution
Biodiversity credits and offsets are a distraction from the real problem
Climate policy trade-offs complicate the outlook for eurozone monetary policy
“Adaptation, by building resilience to climate impacts, avoids damaging decreases in income." - Nicholas Stern The Earth has reached its first catastrophic tipping point linked to rising GHG emissions. The Global Tipping Points report, led by the University of Exeter warns that warm water coral reefs now face long-term