Climate 411

Momentum Builds for Agriculture at COP 24

By Breanna Lujan / Published: December 10, 2018

Plenary at COP 24 in Katowice, Poland. Flickr/ UNclimatechange

Agriculture negotiators arrived in Katowice, Poland eager to get to work on the Koronivia Joint Work on Agriculture (KJWA) during COP 24. The KJWA is a UNFCCC initiative directing the Subsidiary Body for Scientific and Technological Advice (SBSTA) and the Subsidiary Body for Implementation (SBI) to jointly consider how to tackle agriculture issues in the context of climate change.

Following the creation of the KJWA roadmap during the May 2018 intersessional in Bonn—which laid out an agenda of workshops, topic submissions, and workshop reports every six months between the 2018 intersessional and the end of 2020—negotiators agreed to continue their joint work on addressing issues related to agriculture, beginning with the first in-session workshop during COP 24 in Katowice. Over the course of the first week of the COP, it became clear that the negotiators were determined to keep the momentum going.

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Posted in Agriculture, Forest protection, Paris Agreement, United Nations / Comments are closed

COP 24: Transparency, ambition and carbon markets on the Paris rulebook agenda in Katowice

By Alex Hanafi / Published: December 3, 2018

See EDF’s COP 24 materials and meet our Katowice team at edf.org/cop24.

COP 24 Opening Plenary in Katowice, Poland. Flickr/ UNclimatechange

As the world’s leading climate scientists made clear in a recent special report, we are in the race of our lives against climate change, and we need to move faster. The Paris Agreement’s rapid entry into force in 2016 broke records, but records are also being broken outside of the UN that emphasize the urgency of action: record wildfires, record temperatures, record storms, record levels of carbon in the atmosphere.

So the stakes are high in Katowice, Poland, as countries meet to finalize the operating manual for the landmark Paris Agreement on climate change. In 2016, countries set themselves a deadline of this year to complete their task. Once agreed, the Paris “rulebook” will guide them in their efforts to implement the Agreement, including how countries will measure, report and hold each other accountable to their Paris commitments.

Two interrelated issues will be particularly important for the rulebook discussions in Katowice.

First is how to operationalize the Paris Agreement’s transparency system; transparency is vital to strengthening ambition and to the success of the agreement itself.

Second is how that transparency system should link to a new framework for international carbon market cooperation designed to spur the deeper emissions cuts that climate science demands. Read More »

Posted in Carbon Markets, Paris Agreement, United Nations / Comments are closed

Forests could be a hot topic at COP 24 despite not being on the agenda

By Chris Meyer / Published: November 29, 2018

Tanew River in Poland. Jozef Babij, Flickr.

Katowice, Poland was an odd location to pick for this year’s UNFCCC Conference of Parties (COP 24). The city is small and its ambiance may not be very conducive for climate negotiations (it is frigid, dark, and shrouded with coal smog in December). Yet this is where the important task of finalizing the rules of the Paris Agreement will take place. And while not directly on the negotiations agenda, it will be an important venue for discussion on forest policy and actions being taken in the sector.

In 2017, progress on forest protection was mixed, according to the New York Declaration on Forests’ annual assessment. For example, forest loss significantly decreased in Indonesia, but increased in Brazil. One of its more tragic findings is that more indigenous leaders and forest protectors are being murdered while trying to protect their forests and lands.

How forests are to be covered at COP 24
While forests will not directly be negotiated in Katowice, the negotiation tracks for market mechanisms, transparency, and guidance for constructing Nationally Determined Contributions (NDC) will affect forests. Conserving forests requires that we use all financial resources possible – public, market, and non-market.

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Posted in Forest protection, Paris Agreement, REDD+, United Nations / Read 1 Response

Full compliance, declining emissions, robust auction: It’s November in California’s cap-and-trade program

By Katelyn Roedner Sutter / Published: November 21, 2018

This post was co-authored by Maureen Lackner. 

Golden Gate Bridge Shutterstock

Golden Gate Bridge. © CAN BALCIOGLU / Shutterstock Images.

Today’s strong California-Quebec November 2018 carbon market auction results are the continuation of a month of good news about California’s landmark climate program. Cap-and-trade compliance is at 100% and emissions are falling, demonstrating that addressing climate change is an integral part of doing business in the Golden State.

November’s auction by the numbers

  • All 78,825,717 current allowances sold, clearing at $15.31, 78 cents above the $14.53 price floor and 26 cents above the August auction. This is the final auction before the floor price has its annual increase.
  • All of the 9,401,500 future vintage allowances offered sold at $15.33, 43 cents higher than in August. The current floor price of $14.53 will also increase for future allowances in the next auction.
  • An estimated $813,013,694 was raised for California’s Greenhouse Gas Reduction Fund, which will go to support climate investments across the state and further reduce greenhouse gas and local air pollution.

California’s market is strong & confidence is high

One critical data point showing the strength of this market is that the California Air Resources Board (CARB) reported 100% compliance from all entities covered by cap and trade for the three-year compliance period from 2015 to 2017. California businesses understand the program and know how to make it part of their business plan.

At the same time, greenhouse gas (GHG) emissions are falling, which is the key metric of program success. Read More »

Posted in California, Carbon Markets / Comments are closed

Climate scare tactics won’t work in California

By Erica Morehouse / Published: November 15, 2018

Some polluters and their allies are rolling out an old and tired playbook in Sacramento. California is ahead of schedule in curbing climate pollution and the economy is booming. Yet alarmism persists. These latest scare tactics are focused on one particular provision of the state’s cap-and-trade program: the level of the “price ceiling”. The price ceiling is an emergency provision that is intended to ensure that prices polluters have to pay per ton of pollution don’t reach above unexpectedly high levels.

The California Air Resources Board (CARB) is currently working to update the cap-and-trade program based on direction the Legislature gave in 2017 to extend it out to 2030. CARB will consider proposed amendments to the program today with passage of the amendments expected after a second consideration in January.

The future of climate action in California is optimism and transformation, not fear and anger

Those who look only at doomsday scenarios are mixing farfetched fearmongering with a dose of outrage by boiling this complex policy decision down to an oversimplified estimate of how much Californians might have to pay in the worst possible scenario in 2030. But fear and anger aren’t what California is about (whatever your political leanings). California is transforming its economy to a cleaner and more prosperous version of itself. After the great recession the economy recovered and grew, but carbon pollution did not.

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Posted in California, Carbon Markets / Comments are closed

Four reasons why the California Air Resources Board should endorse the California Tropical Forest Standard

By Christina McCain / Published: November 15, 2018

Tropical forests are key to halting global climate change. Destruction of these forests releases 14 to 19 percent of global greenhouse gas emissions each year, more than the emissions from all the world’s cars, trucks, and ships combined. Tropical forests also house an astounding array of plants and animals and provide livelihoods and the backbone of culture for indigenous and forest people around the world.

That’s why California’s proposed Tropical Forest Standard (TFS) is so important. It sets up a framework for carbon markets to credit greenhouse gas emission reductions to incentivize the protection of tropical forests, and sets the highest bar for social and environmental safeguards seen to date.

California is known as a global climate leader, but the most significant step the state can take right now is to endorse the Tropical Forest Standard to help avert climate catastrophe, protect biodiversity, and support the indigenous communities who depend on tropical forests. Watch the video “California and the Amazon are more interconnected than you might think.”

We have a great opportunity to move the needle on tropical deforestation

The TFS would demonstrate what the state views as a legitimate standard by which to gauge any jurisdiction’s forest carbon program, and the emission reduction credits they could achieve for compliance carbon markets. It also lays out key elements that California would require of any program to consider in a potential future linkage.

The TFS sends the critical signal: think big, address emissions at a large scale, and develop partnerships with communities to ensure that the program provides benefits to those who are managing and protecting the forests. Now is an important time to influence other carbon markets as well as jurisdictions that are designing programs to address forest emissions.

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Posted in California, Forest protection / Comments are closed