article thumbnail

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.

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

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

Green Car Congress

Current emissions of anthropogenic greenhouse gases (GHGs) have already committed the planet to an increase in average surface temperature by the end of the century that may be above the critical threshold for tipping elements of the climate system into abrupt change with potentially irreversible and unmanageable consequences, the authors write.

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

Summary of decisions from Durban climate conference

Green Car Congress

Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). Green Climate Fund.

Climate 294
article thumbnail

Paris Agreement goals will be missed without legally binding net-zero policies

Innovation News Network

A new study has revealed that without fully implementing legally binding and well-planned net-zero policies, it is likely that global climate goals set out in the Paris Agreement will be missed.

Legal 52
article thumbnail

India, China, Brazil, Japan, other non-Arctic countries want a voice on Arctic Council; interest in climate change impact and access to resources

Green Car Congress

Many non-Arctic countries are interested in the Arctic as the “canary in the coal mine” that can teach them about how climate change will impact their own states. Scandinavian countries are the strongest supporters of such changes but others, particularly the United States, do not wish to see the Council enlarge its scope.