EFFORTS to reform Europe’s Emissions Trading Scheme (ETS) by restricting the use of phoney carbon credits from HFC-23 destruction and other industrial gas offsets are being opposed by Italy. Huge investments by the Italian Ministry of Economy and Finance and Italian companies have prompted Italy to defend the projects and its financial stake in an [...]
A report examine three options to be considered by a Montreal Protocol meeting, each of which would produce greater emission reductions than those resulting from the first commitment period of the Kyoto Protocol or any near-term options being considered in the climate talks.
Montreal Protocol actions would exceed UNFCCC/Kyoto reductions While most of the world is focused on the UNFCCC climate negotiations leading up to the December meeting in Cancun, next week’s Montreal Protocol meeting will consider three distinct decisions, each of which would produce greater emission reductions than those resulting from the first commitment period of the [...]
Budget deficits jeopardize phase-out of harmful refrigerant gases A SMALL group of policy-makers meeting in Montreal this week will decide if up to nine billion tonnes of carbon dioxide-equivalent emissions (Gt CO2e) could be prevented by accelerating the phase-out of refrigerant gases called HCFCs as agreed in 2007. To put this in context, approximately [...]