Not exact matches
Worldwide, carbon storage has the capability to provide more than 15 percent of the
emissions reductions needed to limit the rise in atmospheric CO2 to 450 parts per million by 2050, an oft - cited target associated with a roughly 50 - percent chance of keeping global warming below 2 degrees, but that would involve 3,200 projects sequestering some 150 gigatons of CO2, says Juho Lipponen, who heads the CCS
unit of the
International Energy Agency in Paris.
And even with strong
international climate policies, more rapid decarbonization (the rate of decrease in
emissions per
unit of GDP) will require higher costs and major policy change.
It sees
international trading in
emissions units as a legitimate and possibly large part of the overall contribution.
Require parties relying on
international transfers of
emissions units to meet their NDCs to ensure no double counting (see Articles 4.13 and 6.2).
«Climate change should to be tackled by reducing
emissions, not by altering ocean ecosystems,» said Dr Paul Johnston, Head of Greenpeace
International's Science
Unit, «Planktos is intending to conduct this reckless experiment in waters around the Galapagos Islands which are globally significant in biological terms and should be designated as fully protected marine reserves.»
The result is the world's lowest
emissions per
unit of power, according to the
International Energy Agency's Clean Coal Center in Paris.
According to the
International Panel on Climate Change, electricity from nuclear produces one - fourth as many carbon
emissions per
unit of energy as solar panels.
Wording in the document leaves room for
international emission - reduction «
units», but it explicitly prevents other countries from using those
units to offset their own
emissions.
Ambitious economy - wide mitigation targets are central to ensuring that
international emissions trading supports the goals of the Agreement, as they provide strong incentives for countries to ensure the environmental integrity of
units they transfer to others.
Robust accounting for
international unit transfers is crucial and will require not only avoiding double counting, but also appropriately accounting for the vintage of
emission reductions, oversight on market mechanisms, and transparent tracking of the issuance, transfer and use of
units.
While Abbott used to characterise the trade of
international credits as «money that shouldn't be going offshore into dodgy carbon farms in Equatorial Guinea and Kazakhstan», the climate review says «access to high - quality
international units will provide greater flexibility to business and government in meeting
emissions reduction targets».