Market Mechanisms are Effective for Climate Change Mitigation

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Market Mechanisms are Effective for Climate Change Mitigation
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CCC Tracker Issue 86
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Figures You Need To Know Market Update
Policy Beat
Upcoming Events
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FIGURES YOU NEED TO KNOW U.S. energy­related carbon dioxide emissions increase in past two
years (U.S. Energy Information Administration)
RS
MARKET UPDATE
Carbon Expo 2015 Highlights Market Mechanisms for Climate Change
Mitigation (IISD)
The 2015 Carbon Expo, which is a global carbon market fair and conference, brought together
stakeholders from the policy, business, non­governmental, research and financial realms to discuss
carbon pricing and finance tools for transitioning to low­carbon economies. While carbon markets have
experienced challenging times in recent years, businesses feel strongly that market­based solutions are
the most effective way to achieve emissions reductions.
Gold Standard at Carbon Expo 2015 Presents Pioneering Methodology for
Tracking Black Carbon (The Gold Standard)
At the Carbon Expo 2015, the Gold Standard team presented its latest work on Black Carbon and how
this could unlock new sources of finance for clean cookstoves. The challenge for implementing clean
cookstoves at scale lies in finance, as the technologies are often unaffordable for families in the
developing world. This first­of­its­kind methodology provides a verified outcome that can be used in a
‘results­based finance’ funding scheme to drive investment into these much needed climate and
development initiatives—delivering immediate climate change mitigation whilst improving health and
livelihoods for local communities. See the complete methodology via here.
In Stunning Reversal, ‘Big Oil’ Asks for Carbon Price (Climate Central)
CEOs from global oil and gas behemoths Shell, BP, Total, Statoil, Eni and the BG Group, with nearly
$1.4 trillion in annual revenue, sent a letter on May 29th. In the letter, these CEOs ask for national and
regional governments to set a price on carbon and for those regional carbon markets to be linked. Multi­
national companies are ready to join the carbon neutral trend. How about your business? Check out our
services and see how can we help you go green and go carbon neutral!
Companies Call for Tougher Sustainability Standards for Palm Oil (The
Guardian)
Well­known companies such as food and beverage multinational PepsiCo, retail giant Walmart, and
coffee chain Starbucks, as well as numerous investors and NGOs, signed a letter, released Monday,
urging the Roundtable on Sustainable Palm Oil (RSPO) to enforce stricter standards. Seriously, the
sooner they implement green initiatives, the better.
Best of the Sustainable Brands summit in San Diego (The Guardian)
Nearly 2,500 business leaders, experts, investors and NGO advocates are gathering this week to
discuss corporate sustainability at the Sustainable Brands San Diego conference. The summit is a hub
to exchange ideas and to share experience. Be sustainable, be innovative!
POLICY BEAT
Car Makers Gear Up for Next Round of CO2 Emission Cuts (EurActiv)
As the European Commission agrees that deeper emission cuts from road transport will require a more
“holistic” approach, car makers in Europe will call for “a comprehensive approach” that looks at other
things than mere fuel efficiency improvements to curb carbon emissions in order to meet the goal of
cutting CO2 beyond the 95 grams per kilometre currently required by 2020.
China's Hebei to Force Firms to Buy Emission Permits for 2016 (Reuters)
China's biggest steelmaking province, Hebei, will order its big industrial emitters, such as steelmakers,
power suppliers and manufacturers of cement and glass, to pay for the pollution they discharge via a
regional trading scheme beginning next year.
2015 Global Climate Legislation Study at A Glance (LSE)
This study, carried out by the Grantham Research Institute on Climate Change and the Environment at
the London School of Economics and Political Science, found that the 98 countries and the European
Union together had 804 climate laws and policies at the end of 2014, compared with 426 in 2009, and
that 47 countries have introduced carbon pricing through either a carbon tax or a cap­and­trade system.
UPCOMING EVENTS
6th North America Offshore Wind: Development & Financial Summit
Location: New York, New York
Time: June 17­18, 2015
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CCC Tracker Issue 85
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