15:23 18.12.2019

COP25: a new carbon market offers hope for Asia’s forests

All across south-east Asia, the Nikkei Asian Review spoke to conservation organisations that have been offered funding from companies ranging from oil majors to automakers, tech companies to theme park operators. All are looking to gain access to carbon credits, whether to meet their own climate change pledges, to absolve themselves in the eyes of their customers, or to get ahead of the emissions regulations that many believe are inevitable.
Source: FT
16:50 16.12.2019

The energy surprises of 2019

Much of what has happened over the past 12 months in the energy market was well predicted. Yet there were surprises that underline the mood of uncertainty that pervades the sector. Oil prices, gas supply and coal demand all followed expected paths. Supplies are plentiful and prices remained low. Emissions continue to increase gradually because of the growth in energy use, especially in economies such as China and India that remain reliant China on coal. But the drama of the Extinction Rebellion protests in the spring, the charismatic role of the teenager Greta Thunberg and the incremental evidence of the reality of the shifts going on in the earth’s climate have given climate change a visibility it did not have a year ago.
Source: FT
15:33 16.12.2019

China probing Tahiti plastic pollution

The Chinese consulate in French Polynesia has asked for an explanation from various Chinese fishing companies as to why large plastic bags have been found washed up on a beach in the east of Tahiti. Allegedly, the bags were used to pack seafood on a Chinese fishing vessel which journeys near Peru and Chile.
Source: RNZ
15:30 16.12.2019

China Goes All-In On Coal While Telling The Rest Of The World To Reduce Emissions

The article highlights how greenhouse gas negotiations adjourned following two weeks without an agreement in Madrid. Greenhouse emissions have hit the highest level in 2019, due to China, India and the continent of Africa continuing to develop. In China, coal production increased by 2.6% in the first half of the year, which is equivalent to five times the coal mined in the US. In addition, China is planning on adding more coal power and has continuously been the world’s biggest greenhouse gas emitter since 2005.
Source: Forbes
16:46 15.12.2019

UN climate talks undone by ‘ghost from the past’

The UN climate talks that stuttered to a belated and inconclusive close on Sunday in Madrid were undone by a technical issue that turned into a fatal obstacle. The central task of this year’s talks, known as COP25, was to iron out rules for a new global carbon market — referred to as “Article Six” because it is the sixth article of the Paris climate accord — and create a system that would allow countries to pay each other for projects that reduce emissions. But the talks — impeded even before they started by the impending withdrawal of the US from the Paris accord — were haunted by the legacy of old carbon credits created under the 1997 Kyoto protocol.
Source: FT
16:38 15.12.2019

Climate talks break up with no agreement on carbon trading

The UN climate talks in Madrid ended in stalemate on Sunday, with the negotiations running two days over time as countries squabbled over rules for a new global carbon trading market. The talks, known as COP25, ran for 14 days and set a record for the longest-ever climate negotiations, but failed to produce any agreement on trading in carbon credits. This year global carbon dioxide emissions rose to record levels, millions of students marched in climate protests and leading economies adopted new net zero emissions targets. But none of that translated into measurable results at the negotiations.
Source: FT
16:26 13.12.2019

Climate change raises the geopolitical temperature

From the Arctic to sub-Saharan Africa, and from the Middle East to Central Asia, climate change is turning cross-border competition for natural resources into a defining feature of international relations. Population growth and rising consumption of food and raw materials are exacerbating the impact of environmental degradation in less developed areas of the planet. For the future, the question is whether governments and international institutions will reduce the risk of conflicts over natural resources in a world characterised increasingly by Great Power rivalry and the erosion of the post-1945 order.
Source: FT