Copenhagen: Not done yet!
Read our briefing on why Europe should move to 30% in January.
Cap and Trade under fire
It seems everyone at the moment, from the extreme right in Australia, to famous climate scientists and leftist eco warriors in the US, has got it in for cap and trade. The Story of Cap and Trade has succeeded in simplifying the subject but has perhaps gone too far with the result being a rather glib dismissal of the policy, mainly on the grounds that it is quite detailed and complicated. Show me a climate policy that isn't! David Roberts of Grist's very eloquent response is worth reading to get a different perspective.
At Sandbag we're not dyed in the wool supports of market based solutions - we just want whatever is being done to tackle climate change to be done efficiently and effectively. Having experienced life in the private, Government and NGO sectors when it comes to efficiency unfortunately the 'evil capitalists' have got it taped.
Since cap and trade is the main policy in play in Europe at the moment we are going to continue lobbying to improve it. To disengage now would simply mean it continued to be the plaything of industry and politicians, a great shame when it has such potential to divert funds into real solutions. We strongly believe civil society has to get increasingly involved.
Our latest briefing sets out 10 reasons why we think cap and trade can work. Whether it will or not will be down to whether the political will exists to tighten caps.
The meetings in Copenhagen starting this week will crucially decide whether the EU moves from its current weak target of a 10% reduction on current levels by 2020 to its higher conditional target. Any move to a higher target will trigger a review of the EU ETS caps which will mean increased levels of funding for emissions reductions in Europe and overseas. So this time, unlike in 1997 in Kyoto, targets signed up to will have an immediate effect on pre-existing policies, with real financial consequences. There is a lot to play for. There is a meeting European Council meeting scheduled for December 10 -11th December which could create the authority for tougher targets. We hope over the next two weeks Europe will rise to the challenge.
As for the NGO movement, we hope we can avoid splitting apart over the pros and cons of individual policy mechanisms and instead focus on collectively securing the higher levels of political will that will be needed to implement any policy effectively.
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More revenue?
Why would cap lower necessarily lead to more revenue, as stated in penultimate paragraph? Sure, unit allowance prices would rise, but if total volume falls, the net revenue effect could equally be neutral of even negative, yes? (If there's some good modelling that shows I'm wrong, I'd be pleased to read it.)
revenue
Hi Mark
Not sure I understand. I was referring to more money flowing from private sector into abatement projects. Or am I missing the point?
Bry
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Any move to a higher target
Any move to a higher target will trigger a review of the EU ETS caps which will mean increased levels of funding for emissions reductions in Europe and overseas. So this time, unlike in 1997 in Kyoto, targets signed up to will have an immediate effect on pre-existing policies, with real financial consequences.
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Shapiro, who traveled to
Shapiro, who traveled to Brazil and Europe and interviewed a legion of experts microsoft 70-640 to write this piece, argues that the system is fraught with pitfalls, from grossly inaccurate readings on the 70-642 emissions reduced by projects to conflicts of interest from the third-party firms hired to “verify” offsets. A study published in the peer-reviewed journal Climate Policy 70-680 exam reportedly found that just 60 percent of the projects it looked at actually provided evidence that they were reliable. Shapiro calls the market for exam 70-431 credits produced by offset projects “an elaborate shell game, a disappearing act that nicely serves the immediate interests of the world’s governments but fails to meet the challenges of our looming environmental crisis.”
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The Story of Cap & Trade is
The Story of Cap & Trade is a fast-paced, fact-filled look at the leading climate solution being discussed at Copenhagen and on Capitol Hill. Host Annie Leonard introduces the energy traders and Wall Street financiers at the heart of this scheme and reveals the "devils in the details" in current cap and trade proposals: free permits to big polluters, fake offsets and distraction from what’s really required to tackle the climate crisis. If you’ve heard about cap and trade, but aren’t sure how it works (or who benefits), this is the film is for you.
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Climate protection moves it continuously on the political agenda forward: bar stools Since 2000, runs the national climate protection program of the Federal Republic of Germany, which aims to ensure that Germany can meet the internationally agreed target of reducing greenhouse gas emissions. step stools Recently, the Federal Environment Minister Sigmar Gabriel has also launched a € 400 million comprehensive climate change program given
Since cap and trade is the
Since cap and trade is the main policy in play in Europe at the moment we are going to continue lobbying to improve it,this is our priority
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Interesting blog. It would
Interesting blog. It would be great if you can provide more details about it. Thanks a lot!
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