Climate action

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From COP26 in Glasgow, the adoption of comprehensive accounting rules for the international transfer of carbon market units is the most important achievement however it is not in international climate negotiations. ‘Clean Development Mechanism’ or ‘CDM’ allows emission reduction projects to earn certified emission credits, but there are questions if the Article 6 rules are good enough to provide the necessary framework.

Studies indicate the actual cost of global warming will be highest for the three top emitting countries: China, India and US and with the most to lose from climate change. The cost is higher than first assumed. Many countries have not yet recognised the risk posed by climate change. This study aims at filling this gap and shows mapping of domestic impacts of climate change can help better understand the determinants of international cooperation.

Covid-19 has particularly impacted mobility due to a fall in transport activities. If this fall is to continue is uncertain and what the implications on policy are. However, post-COVID recovery offers a critical policy window for managing adverse effects on energy demand. Strengthening and countering policies for impacts from COVID-19 are discussed and what impact this has on mobility and homes.

COVID-19 economic recovery could slow down global warming by up to half if we make the right choices, and by taking action that tackles both crises, we can ensure that a more resilient world emerges on the other side. Doing so means cutting emissions hard and fast, investing in green technologies and industries, and refusing to bail out fossil fuel companies. High-level action would get us on track for net-zero CO2 emissions by mid-century and give us a good chance of keeping temperature rise below 1.5°C.