Sentences with phrase «remains on carbon markets»

A clear focus remains on carbon markets, carbon pricing, climate finance and market - based mechanisms like the CDM, which has incentivized the registration of more than 8,000 projects in 111 countries.

Not exact matches

While both governments remain committed to finding new markets for Canada's oil and gas, they have voiced strong support for increasing clean energy production and exports in order to reduce carbon emissions and the impact of fluctuating oil prices on Canada's economy.

To make up for the missed revenue from the taxes and fire prevention fees, as well as to pay for offsets to counteract additional allowances put on the market if the carbon price hits its upper bound, money will be taken from the cap - and - trade program's revenue, effectively decreasing the amount of discretionary funds remaining for local environmental investments and other greenhouse gas reduction projects.

New Zealand carbon allowances fell 0.3 % on Tuesday but still ended just 30 cents below the all - time highs hit in February, as overall market sentiment remains bullish.

However, critical questions on the functioning of future carbon markets remain wide open, making it impossible to assess if they will contribute to the fight against climate change.

They hope to continue gaming the system by selling carbon credits of doubtful authenticity on an already corrupt market, and demanding climate reparations and technology transfers from the West, while remaining free to build their own clean modern and efficient coal / gas / nuclear / hydro energy grid.

But as long as the rich nations — and their big polluters — dictate the terms of the Paris accord, maintain unhealthy fossil fuel subsidies and refuse to establish a long - term market for renewable energy that includes putting a price on carbon emissions, a world that protects more vulnerable nations, humans, animals and plants from the impacts of climate change will remain a dream.

Japan is the only major carbon market to remain silent on the use of HFC - 23 offset credits and the only place that has the potential to recapitalize these «toxic» credits, this discredited industry and this failed mechanism for climate mitigation.

The worth of the global market remains far below its high water mark of $ 98 million in 2011, according to BNEF figures, which was based on volume of 8.7 billion carbon permits traded.

While it may remain profitable to build renewable energy installations, incentives against cutting carbon emissions were not strong enough: Prices for allowances to emit carbon dioxide have dropped and cheap gas in the United States is pushing an additional supply of hard coal on the market, reducing coal prices to their lowest in four years and incentivising utilities to sell more power from brown - and hard coal - fired power stations.