The voluntary carbon offset market recently entered the ‘personal’ space, paving the way ahead for climate change policy innovation.
For the first time, a carbon credit was created by people – not for retiring timber concessions to stop the destruction of a rainforest or installing industrial gas capturing technology in a polluting plant, but rather, individuals making simple retrofits to their home and lifestyle to reduce their emissions.
Sick of ever-growing energy bills and keen on checking out government incentives for renewable options, Tami and Randy Wilson from Harrisburg, Pennsylvania, developed an emission curbing plan and a year later generated a $21.50 personal credit that was sold on the voluntary market.
To do it, then set up a baseline – or starting point – that they wanted to change. They installed photovoltaic panels on their roof, switched to compact fluoro and cut their energy demand.
The Wilsons accounted for their reduced carbon footprint by reviewing a year’s worth of reduced energy bills.
Tree planting and soil carbon are at the heart of the Coalition’s proposed plan for curbing Australia’s emissions by 5 percent by 2020.
Opposition Leader Tony Abbott would set up an Emissions Reduction Fund to pay farmers …
The European Union today reconfirmed its commitment to reduce overall greenhouse gas emissions by 20 percent of 1990 level, with a conditional offer to increase the cut to 30 percent if other major emitters sign up …
The Greens have called on the government to back a two-year $20 billion interim carbon tax proposal to start cutting greenhouse gas emissions before a decision on the emissions trading scheme or any global agreement …
Greenhouse gas emissions from energy production across eastern Australia fell last year, as less coal was burnt, a new report found.
New South Wales led the way in the cuts, due mainly to the commissioning of three …
The European Union (EU) on Saturday stood by its offer to move to a 30 percent cut greenhouse gas emissions by 2020 despite the failure of last month’s climate summit to secure a legally-binding deal.
The …
Forest carbon markets have managed to garner $150 million so far and 21 million tonnes in trades, growing fivehold since 2006, according to the newly issued State of the Forest Carbon Markets 2009 report.
The market …
In spite of the global economic slowdown, the market for trading carbon dioxide grew by 68 percent last year compared with the previous year.
The value of the market remained roughly unchanged after carbon prices fell …
A plan to reduce tropical deforestation by paying developing countries to protect forests was postponed Saturday after world leaders failed to produce a binding climate agreement in Copenhagen.
The proposed mechanism, REDD+, had been seen …
The Copenhagen climate talks ended in bitter disappointment for many countries. The rumblings have most focused on how unproductive and complicated the U.N. negotiating process is and on how to make it easier to navigate …
The U.N. climate conference narrowly escaped collapse by agreeing Saturday to recognize a political accord brokered by President Barack Obama with China and other emerging powers. The decision was made after an all-night plenary session, …
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