Continuation of industrial gas projects could play key role in climate change activities up to 2020
The lack of ambitious emission reduction targets and the associated poor demand for international emissions certificates threaten the continuation of CDM and JI projects already in place. A new study commissioned by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) looks at the consequences for industrial gas projects (HFC23 and N2O) conducted under CDM and JI. Financing for these projects is largely reliant on the sale of emission certificates. The study shows that project continuation could result in extremely low-cost emission reductions amounting to around 7.5 Gt CO2e in developing countries, Russia and Ukraine. This could make a significant contribution towards closing the 2020 global emission reductions gap. more
CTI Workshops at Carbon Expo discuss potential for a more climate-friendly building sector
Under the heading “Call for Action on Climate Protection in the Building Sector: Opportunities Through Carbon Markets and Domestic Policies” two Climate Technology Initiative (CTI) Workshops were held in Cologne, Germany in May 2014. Both took place as side events to the Carbon Expo, the world’s largest conference and fair around carbon markets. more
Getting the carbon market in shape for global climate action
A global carbon market can play a crucial role in achieving global climate protection targets, says State Secretary at the Federal Environment Ministry Jochen Flasbarth. At the opening ceremony of the CarbonExpo international trade fair in Cologne, he made the following statement: "A functioning international carbon market can make a significant contribution to limiting global warming to two degrees in this century. We must mobilise the economic power of markets in the service of the global Energiewende." more
No Lifebelt Available – How Can the CDM Be Saved?
The international carbon markets are currently suffering from extremely low carbon prices. The reason for this is a fundamental imbalance of supply and demand for carbon credits. To adress this issue, a number of different measures have been proposed. A recent Policy Brief sketches the different options and discusses their potential impact. more
Fragmentisation or Standardisation?
How will the carbon markets develop: Will the project-related market disintegrate and lead to separate national systems? Throughout the world new emissions trading systems are being established but without consistent international structures trading certificates from project-based mechanisms such as CDM will be hampered. A new discussion paper analyses how the CDM must be developed in order to keep it fit for the future. more
German Environment Ministry Study on the Potential for Standardised Baselines for Least Developed Countries
Other than in the ‘traditional’ CDM context, standardised baselines are developed using more general, standardised assumptions on the greenhouse gas emissions that would occur if a project were not implemented. Standardised baselines (SBLs) are designed to accelerate the project approval process, make it less complex, and do away with regulatory uncertainties. They should also help to promote the CDM in formerly under-represented regions, especially the Least Developed Countries (LDCs) of the South. A new study highlights the potential for SBLs in LDCs and describes the barriers that stand in the way of their broad implementation. more