Last week, Senator Bob Wieckowski (D-Fremont) and Senate President pro Tempore Kevin de León (D-Los Angeles) gave a press conference about a new bill, SB 775, aimed at changing California’s cap-and-trade scheme. The proposed bill would start a new cap-and-trade scheme in 2021 that would include no offsets, no free pollution allowances, and a per-capita dividend.
The Juma Sustainable Development Reserve covers an area of 589,612 hectares in the municipality of Novo Aripuanã, in the state of Amazonas, Brazil. On its website, the project developer Fundação Amazonas Sustentável states that, “FAS is committed to protect forests and improving the life quality of people that live there”.
In 1987, Sheryl Sturges was Director of Strategic Planning at AES Corporation, the US-based energy company. AES was planning to build a new 181 MW coal-fired power plant in Connecticut. But the company’s CEO, Roger W. Sant, was worried about climate change.
A recent article by Kate Wheeling in Pacific Standard magazine highlights four ways that the aviation sector’s carbon market proposals could undermine the Paris Agreement. The article points out that, “as the rest of the world is cutting back, aviation’s climate plan includes increasing emissions.”
In 1996, Uganda’s National Forest Authority awarded a 50 year licence covering an area of land just over 9,000 hectares to a Norwegian company called Green Resources. Twenty years later, local communities are still feeling the impacts of the company’s industrial tree plantations.
On 7 October 2016, the General Assembly of the International Civil Aviation Organisation (ICAO) announced its plans to set up a mechanism to offset its ever increasing greenhouse gas emissions. The Global Market-Based Measure is planned to start in 2021, but all the details (such as which carbon credits might be elligible) are still to be agreed.
“The aim of reducing the emissions from forest destruction and degradation caused by industrial agriculture, logging, mining for fossil resources, etc. is today decisive to the survival of humankind and our planet. However, when the tool to achieve this aim is the trading of emission credits (offsets), we arrive at the wrong solutions.”
In September 2015, a meeting took place in New York between Per Pharo and Marte Sendstad of Norway’s International Climate and Forest Initiative, and Nigel Purvis from the Washington DC-based consulting firm, Climate Advisers.
The International Civil Aviation Authority is currently considering how it can continue to expand while appearing to address greenhouse gas emissions from flying. Predictably, for a massively polluting industry with huge plans to expand, buying cheap offsets looks very attractive.