Author: Ciara Gillan

COP25: Agreement On A Carbon Market Pushed Back For Another Year

The much anticipated COP25 came to a close last Sunday with a lack of cohesive action. Despite the release of 2018 statistics revealing global warming is still on the up, the biggest polluting nations failed to present their planned increased efforts to stem climate change. While a compromise was reached on smaller elements, the anticipated updated plans of the biggest nations like China, India, and the US, was pushed back to next year’s COP26 in Glasgow, as was the decision around a global carbon market. 

More Airlines Are Offering Carbon Offsets, But Is It A Real Solution?

As pressure mounts on the aviation industry to create more sustainable ways to do business, EasyJet has become the latest airline to pledge to fly carbon neutral. As concerns rise within the industry that people will stop flying in an effort to reduce their carbon footprint, a host of airlines including British Airlines, Air Canada, and Air New Zealand, are now offering carbon offsets as a way to combat the emissions their domestic flights are creating. 

Global Carbon Taxes: Are We Paying Enough?

Last month, the IMF released its Fiscal Monitor, a biannual report on how to mitigate climate change. The report argued that it is possible to switch from a reliance on fossil fuels to cleaner energy and still sustain vigorous economic growth and generate employment. However, for this to take place, countries needed to distribute the costs and benefits in a manner that supported those that really needed it. 

One Month After Ratification Of Paris Agreement, Is Russia Making A U-Turn?

At the start of the month, we reported on the fact that after four years of deliberation, the Russian government appeared to finally give support to the Paris Agreement. Not a complete ratification but on the way to it, by all accounts from Russian sources. For many, it felt like a strange turn of events in the face of President Vladimir Putin’s strong denials of global warming, while also proving a step in the right direction toward global consensus on climate change action. 

Does Carbon Offsetting Really Work?

The practice of offsetting carbon emissions has been long utilized by large corporations, businesses, and individuals alike. From purchasing carbon credits to making personalized payments to climate change projects in developing countries, carbon offsetting has been viewed as a viable option by many in the battle against global warming. 

The Development of Global Carbon Taxes: Monthly Update

According to a yearly in-depth report from the World Bank in June 2019, 57 countries have committed to implementing or scheduling carbon pricing initiatives, including a carbon tax. So far, 46 national and 28 subnational jurisdictions have adopted carbon pricing to help reduce their greenhouse gas emissions and keep in line with their 2030 objectives and the Paris Agreement. And since last year’s report, 11 more countries have committed to scheduling carbon pricing for implementation.