We are currently being under served by the voluntary carbon markets. Despite their intent, they present many issues, including high intermediation, complex verification mechanisms, and confusing quality signals. But most importantly, these markets are failing due to severe inaccessibility and low innovation, which for the future, among other things, brings risks of demand overwhelming an undeveloped system. However, even with these failings, the carbon markets are still one of the most promising mechanisms to address…
First impressions There is no question that ouryouthful notion of climate stability is changing. Newspaper headlines from Australia, Canada, the United States, Russia, and worldwide show an increase intemperatures, often spiking to new highs, enormous forest fires, persistentdroughts, and record floods. All these events attest to the accuracy ofscientific forecasts that temperatures will rise and the variance intemperatures and rainfall will increase. So what is to be done? It is well known that greenhousegas…
Rates of basal melt of Antarctic ice shelves (melting of the shelves from underneath) overlaid on a 2009 mosaic of Antarctica created from data from NASA’s Moderate Resolution Imaging Spectroradiometer (MODIS) instrument aboard NASA’s Terra and Aqua spacecraft. Red shades denote melt rates of less than 5 meters (16.4 feet) per year (freezing conditions), while blue shades represent melt rates of greater than 5 meters (16.4 feet) per year (melting conditions). The perimeters of…
The carbon markets are being highly criticised for their inability to deliver on their founding principle — to reduce global greenhouse gas emissions. There are a number of reasons they’re not reaching this goal, namely because of their highly intermediated and fragmented nature.
The Contentious Issue of Article 6 Article 6 is the key to opening up the greenhouse gas compliance credit market, but many provisions have not been agreed upon. Outstanding issues include Article 6.2, 6.4, and 6.8 of the Paris Agreement: – Article 6.2 provides an accounting framework for international cooperation, such as linking the emissions-trading schemes of two or more countries (for example, linking the European Union cap-and-trade program with emissions-reduction transfers from Switzerland). It…
The climate markets as we know them have not met the standards necessary to reach are desired climate targets and here are the reasons why.
Solving the Net-Zero Problem with DeFi & Data A global effort. Considering any emissions trading activity as a subset of the global effort to grow the climate markets and in doing so mitigate global warming, this global effort is represented in two international institutions: · The Kyoto Protocol (top-down) · The Paris Agreement (bottom-up) These are two international, cooperative, and where appropriate legally binding agreements that together seek to reduce emissions. The Kyoto protocol splits the world into…