article thumbnail

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

article thumbnail

Perspective: The Role of Offsets in Climate Change Legislation

Green Car Congress

This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Assuming the offset is legitimate—i.e.,

article thumbnail

Cutting Non-CO2 Pollutants Can Delay Abrupt Climate Change; The Fast Action Climate Agenda

Green Car Congress

2009), reproduced from Ramanathan and Feng (2008) Click to enlarge. A binding legal agreement exists that can cut HFCs now—the Montreal Protocol ozone treaty—and many alternatives to HFCs have already been developed and are waiting for the right regulatory incentive from the Montreal Protocol to be deployed. Climate policy.

article thumbnail

Eliminate fuel vehicles in the UK to enlarge the move

Setec Powerr

In 2008, the United Kingdom formally promulgated the Climate Change Act, becoming the first country in the world to clarify medium- and long-term emission reduction targets in legal form. The British government and Shell did not disclose the overall cost of the entire plan. Carbon reduction acceleration.

Fuel 98
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

as compared to 1990 emissions, to be achieved between 2008 and 2012. ” —Danish Prime Minister Lars Løkke Rasmussen, introducing his proposal to forgo efforts to establish a binding climate treaty at the Copenhagen climate summit. Climate Change And The IPCC Fourth Assessment Report. by Jack Rosebro.

Climate 236
article thumbnail

Perspective: The UN Approval Process for Carbon Offsets

Green Car Congress

Verification of the emission reduction or carbon sequestration is critical in efforts to mitigate climate change. One question is who will be responsible for verifying changes in carbon, which raises questions about the role of a regulatory agency for accrediting claimed changes in carbon levels from an activity.

Carbon 255
article thumbnail

Met Office: Current Decade Already Hottest On Record

Green Car Congress

2009 has also been warmer than 2008, due in part to El Niño conditions in the eastern tropical Pacific Ocean. The Met Office also released data from more than 1,500 climate and weather station temperature records, making up about 30% of the HadCRUT record of global land surface temperature records. temperature record, ” they announced.

2009 186