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Combating climate change via carbon credits | Autocar Professional

Baua Electric

In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.

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New study confirms extensive gas leaks in the North Sea; recommends stricter guidelines for handling of abandoned wells

Green Car Congress

Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas wells in the North Sea. On the basis of investigations directly on the seafloor it was possible to determine the amount of escaping gas.

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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

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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.

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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. CREDIBILITY OF OFFSETS. 3) Measurement.

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CCEMC launches $35M international challenge to find useful applications for carbon

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Alberta-based Climate Change and Emissions Management Corporation (CCEMC) ( earlier post ) has issued a $35-million open innovation international challenge to create new, carbon-based products and markets. —CCEMC Chair Eric Newell. million cars off the road.

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Smith School report recommends individual governments take more national and bi-lateral actions to curb greenhouse gas emissions

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The Smith School of Enterprise and the Environment at the University of Oxford recently published a report recommending that individual governments take more action to curb their own greenhouse gas emissions and put pressure on other governments to do the same. International climate negotiations can only go so far.

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IMO agrees mandatory system for collecting ships’ fuel consumption data

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The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption. IMO said that the move sends a clear signal about its commitment to climate change mitigation. —IMO Secretary-General Kitack Lim.

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