Amazon states, global leaders in emissions reductions

Two states in the Brazilian Amazon — Mato Grosso and Pará emitted more greenhouse gases in 2004 than all but six nations in the world. More climate pollution than Japan. By 2012 they had cut emissions so dramatically, they dropped beneath 37 other countries.

This progress, achieved through reduced deforestation, is a major reason for the 80%  decline in Amazon deforestation between 2005 and 2014.

At the Paris climate conference, these two states rolled out plans for even more ambitious action.

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(source: Observatório de Clima SEEG)

Ambitious forest policy is key to climate progress

Slowing Amazon deforestation has kept over 4 billion tons of CO₂ out of the atmosphere since 2005, several times more than the EU’s emissions reductions from 2005 – 2011. Major causes of the decline include better remote sensing monitoring, ramped-up law enforcement, credit limitations, company commitments to zero-deforestation commodity supply chains, large-scale creation of protected areas and recognition of indigenous territories.

The bad news is that plans positive incentives – payments from polluters to preserve forests — have not materialized.  Consequently, while deforestation dropped to a historic low of 4,500 km² in 2012 (from a peak of 27,000 km² in 2004), it has crept back up to around 5,000 km² in recent years.

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Message from Paris: REDD+ Keeps Calm and Carries on

The REDD+ negotiators in Paris still have plenty of explicit and implicit references to REDD+ in the text that have a better-than-good chance of surviving this week.

While we would like to see an explicit reference to REDD+ in the Paris Agreement or its decisions that guide its implementation, what is most important for REDD+ is a good final Paris Agreement. That will provide the impetus for quicker implementation of REDD+ and the big, big signal some say it needs. This second week is when the ministers need to focus on delivering it.

The REDD+ negotiators have spent most of their time trying to unlock language around what some countries want to call the new “REDD+ Mechanism” (currently paragraph 3bis).

The COP21 climate negotiations on REDD+ made little progress last week – keep calm and see why here – while there was a flurry of announcements from countries regarding the implementation of REDD+.

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Posted in Deforestation, Forestry, Paris, REDD+| Leave a comment

How carbon markets are driving deeper, faster pollution cuts in Paris climate pledges

Among the 170+ countries that have submitted their carbon-cutting plans — known as Intended Nationally Determined Contributions, or “INDCs” — more than half have either stated their intention to use international carbon markets to tackle carbon pollution, or are already employing them domestically. Image source: cropped INDC map from IETA's INDC Tracker

With only a few days before nations meet in Paris to negotiate an inclusive post-2020 structure for global climate cooperation under the UN Framework Convention on Climate Change (UNFCCC), we already know that the world will be entering a new paradigm of climate action, in which all nations play a role in the collective fight against climate change.

We also know that while the emissions reductions pledged for 2025 or 2030 by over 170 countries over the course of this year are significant, aggressive additional action well beyond 2030 will be necessary to meet the internationally agreed goal of limiting global average atmospheric warming to no more than 2 degrees Celsius, or 3.6 degrees Fahrenheit. That goal is the upper limit agreed by the international community, at a level that scientists believe would likely avoid the worst impacts of climate change.

Because the Paris pledges mark only the beginning of a new era of climate cooperation, it is imperative that an effective international climate agreement promotes greater and greater ambition as it matures. A successful Paris agreement can thus set the stage for the world to turn the corner on global emissions.

Even before they arrive in Paris, countries have started identifying effective tools that can be used to accelerate ambition over time, so that the UNFCCC’s objective – to “prevent dangerous anthropogenic interference with the climate system” – can be met.

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Posted in Emissions trading & markets, Paris, UN negotiations| Leave a comment

REDD+ in Paris: Follow the money

In Paris, announcements on REDD+ finance and implementation by governments, companies and indigenous peoples will be as important as negotiations around text. Image: Flickr

In Paris, announcements on REDD+ finance and implementation by governments, companies and indigenous peoples will be as important as negotiations around text. Image: Flickr

The biggest tip-off as to how REDD+ will fare in Paris will come early on in the conference.

Heads of state and ministers are expected to announce new financial support for REDD+ countries on the Dec. 1, the second day of the climate talks, at the Lima Paris Action Agenda event on forests.

This financial support will target readiness—how prepared a country is to implement REDD+ programs—and results—the financial rewards a country will receive for verified emissions reductions.

At the same time, we expect to hear from REDD+ countries themselves about their progress in completing key milestones in the Warsaw Framework for REDD+. They’ll be addressing reference emission levels, REDD+ national strategies, and status reports on the implementation of safeguard information systems.

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California Market at Three: All Grown Up and Thriving

This post was co-authored by Jonathan Camuzeaux and Derek Walker.

2960384757_155b4e2efa_zAs we pointed out in August, no news is good news when it comes to California’s cap-and-trade quarterly allowance auctions, which have been running effectively and without hiccups since November 2012. That’s right, last Tuesday’s auction marks the three-year anniversary of the program’s first auction, and the fifth time that California and the Canadian province of Quebec have conducted a joint auction. Time flies by when you settle into a routine, and another set of consistent, stable results indicates once again that California has a strong, well-functioning cap-and-trade program.

Steady results equal a healthy carbon market

Over 75 million current vintage allowances – which covered entities can use for compliance as early as this year – were offered at last Tuesday’s auction, and 100% of these allowances were purchased at a price of $12.73. This price, known as the settlement price, is 63 cents above the floor price set by the California Air Resources Board (CARB) for this auction, and is in line with previous auctions where allowances have cleared at prices slightly above the floor. In the advanced auction for 2018 vintage allowances – which can only be used starting in 2018 – over 10 million allowances were offered and 100% of these were purchased at a price of $12.65. Read More »

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To know what the United States is really doing on climate change, look past the political theater

Photo of U.S. Capitol

The U.S. Clean Power Plan – the U.S. Environmental Protection Agency program to cut carbon pollution from the country's largest emitting sector, electric generating stations – is here to stay. Image: cropped photo from Flickr/ USCapitol.

It’s always hard to interpret political maneuvering in other countries. Governments resign, coalitions form, legislation means something other than what it seems to mean. So in the coming weeks, when newspapers around the world run headlines saying “U.S. Congress Votes to Overturn Clean Power Plan,” their readers may be forgiven for some confusion about America’s position coming into the Paris climate talks.

The first and most important thing to understand is that the Clean Power Plan – the U.S. Environmental Protection Agency program to cut carbon pollution from our largest emitting sector, electric generating stations – is here to stay. Bills to “block” the Plan may pass the U.S. Senate and House of Representatives, but they will go no further. That is because those bills cannot become law unless President Obama signs them. He has made it abundantly clear that he won’t agree to dismantle his leading climate initiative.

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Posted in News, Paris, UN negotiations, United States| Leave a comment
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