Giving a price to carbon means innovation, technological deployment, and profound changes in the economic system. However, the costs of a low-carbon transition will not be felt equally by all. Trading emissions in a carbon market allows us to start cutting emissions where it is cheapest whilst leaving room for the most virtuous to make gains. Origins and evolutions of a flexible and cost-effective policy with almost 20 years of history.
As countries implement measures to curb emissions they are also looking to protect local industry players from unfair competition and ensure that emissions aren’t simply shifted outside of their jurisdiction. Carbon border adjustments use levies and rebates to do just that. How do they work and why are they contentious?
Environmental, Social, and Governance, carbon markets and unfolding global crises were at the core of the agenda as leaders juggled priorities whilst looking at the role of science in future policy decisions. Foresight’s collection of key contributions, commentaries and media takeaways from Davos.
One message rings clear above all others: it’s now or never for tackling climate change. Headlines, editorials, tweets, webinars, podcasts and more reactions from around the world to the latest instalment of the Intergovernmental Panel on Climate Change (IPCC) AR6 assessment report (WGIII).
Half a century in a timeline. 50 years of events, climate policy, actions and data about CO2, temperature, and population. 50 years that have brought
The UNFCCC has confirmed the postponement of both the Bonn Conference and COP26. Although climate summits look unlikely in the near future, climate action cannot
Increasingly, large corporations (with even larger carbon footprints) are putting forward ambitious climate pledges. Yet these commitments often lack clear planning and direction, making it
The World Economic Forum’s annual Global Risks Report brings together around 800 experts in business, government and civil society to create a summary of what “the world’s most pressing challenges” for the coming year by likelihood and impact will be. Unsurprisingly, climate-related issues featured in all of the top long-term risks. However, the report also revealed how different global actors perceive these risks and, alarmingly, business leaders are lagging behind other respondents. A finding that was emphasized by the Annual CEO Survey that revealed just how far behind business leaders are in their concern for climate risks.
The COP25 came to an end on Sunday afternoon. The inadequacy of current policies in bridging the emissions gap was partially recognized, but disappointment was also widespread, as negotiations failed to deliver ambitious targets and regulate carbon markets by creating consensus around Article 6. Although many are viewing this as a missed opportunity, it isn’t all bad news…
The final five days of the Conference start after a week of negotiations. The spotlight is on Article 6 and the challenge of “establishing a solid basis for international cooperation to reduce emissions and allow for a greater role of the private sector in climate action”, as explained by Antonio Guterres. The objective is to make sure that energy, finance, and environment are aligned with policies that can accelerate and scale-up action and investments to guarantee a low-carbon and climate-resilient economy. Is it feasible in Madrid, or will it be postponed to 2020?
On the 20th October 2019, the Swiss elections came to a close with a surprising outcome: Green parties gained an unprecedented share of the vote and for the first time could get a seat in the coalition that governs Switzerland. After advances by Green parties in the European parliamentary elections, climate change continues to play a key role in politics, as public opinion is ever more influenced by the effective communication of climate science.
Extreme poverty is decreasing, but inequalities are rising; access to electricity and safe drinking water is improving, but losses in biodiversity are increasing. The Sustainable Development Goals are measuring both progress and delays. Officially launched at the SDGs Summit 2019, the new report “The Future is Now: Science for Achieving Sustainable Development” highlights six “entry points” for accelerating the progress towards the achievement of the 2030 Agenda for Sustainable Development.
