climate conference

The UN Carbon Market

January 13, 2025 By EarthWise Leave a Comment

The UN climate conference in November approved an official market for large-scale trading of carbon credits. This will allow industrial countries to help meet their emission reduction targets set by the Paris Climate Agreement by paying other nations to protect and restore forests and carbon-rich peatlands.

The first major participant in this multi-billion-dollar enterprise is Indonesia. That country is home to the world’s third largest expanse of tropical rainforests and more than a third of the world’s carbon-storing peatlands. Indonesia’s government plans to raise up to $65 billion by 2028 by selling carbon credits accrued by restoring and protecting its forests and peatlands.

The problem with carbon trading is that it can be filled with loopholes ranging from inaccurate carbon accounting to outright fraud. Carbon trading with both individual companies and other countries can result in double- and even triple-counting of the same carbon.

For example, carbon credits are assigned when forests earmarked for agricultural or other development are preserved instead of being felled. But what if that forest destruction wasn’t going to happen even without selling carbon credits?

There are organizations in the business of verifying carbon accounting, but independent analysis of their methodologies has revealed serious shortcomings, and in many cases, the verifications have been deemed to be worthless.

There are real problems with carbon accounting and setting correct baselines for the carbon emission reductions associated with carbon credits. Nevertheless, the existence of a global carbon market can be an important tool in the world’s efforts to mitigate the effects of climate change.

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Will UN Carbon Market Work? Indonesia Will Provide First Test

Photo, posted June 12, 2017, courtesy of Runa S. Lindebjerg via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Politics and plastic

December 19, 2024 By EarthWise Leave a Comment

The world currently produces nearly half a billion tons of plastic each year. This is more than twice the amount it produced 20 years ago. Half of all plastics ever manufactured have been made in the past 20 years. Plastic waste is everywhere. About eight million tons of plastic waste escapes into the ocean each year.

Environmental groups have urged nations to adopt a legally binding treaty to address the ever-growing problem of plastic pollution. The United Nations climate conference in South Korea last month took up the issue of reaching agreement on such a treaty. At what was supposed to be the final round of talks on the topic, delegates could not bridge wide differences on what such a treaty should contain.

The main bone of contention was whether the treaty should include limits on plastic production itself. Saudi Arabia, Russia, Kuwait, and other oil-producing countries opposed any curbs on plastic production. They also opposed the phase-out of harmful chemicals used in the production of plastic.

The Saudi delegation claimed that if the issue of plastic pollution is addressed, there should be no problem with producing plastics. They said the problem is pollution itself, not plastics. They proposed a focus on improving recycling and waste management.

Of course, preventing plastic pollution from occurring is an extremely challenging thing to do. Delegates from countries pushing for a wide-ranging treaty – led by Rwanda – were unwilling to accept a toothless theory lacking real constraints on the plastics industry.

As the conference ended, delegates said that they would reconvene in future months to try again to produce a treaty. No date or place has been announced.

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Nations Fail to Reach an Agreement on Plastic Pollution

Photo, posted February 4, 2023, courtesy of Ingrid Taylar via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Climate Promises | Earth Wise

November 23, 2022 By EarthWise Leave a Comment

The United Nations climate change conference that recently took place in Egypt is an annual event. Last year, the conference was in Glasgow, Scotland, and the participants – heads of state and business leaders – produced a long list of promises aimed at fighting global warming. How have the countries and companies making those promises done so far? Unfortunately, not very well.

Participants made pledges for progress in several major areas.

Countries promised to cut greenhouse gas emissions faster, but only 24 countries out of the 140 participants have actually done so.

Countries agreed to expedite the deployment of clean energy and the phasing out of government subsidies for fossil fuels. There has been considerable progress on green power, but coal use actually reached record highs this year primarily because of Russia’s invasion of Ukraine, which caused natural gas prices to spike.

Countries pledged $100 billion a year to help poorer countries shift to cleaner energy sources. There has been lots of effort in this area, but the target has not been met and it isn’t clear that all the money is going where it is supposed to.

More than 100 countries pledged to slash methane emissions, but most nations are only getting started.

More than 130 countries pledged to halt and reverse deforestation by 2030. Deforestation is slowly declining, but not fast enough to meet the goals of the pledge.

An important goal for this year’s climate conference was to try to find a way to not just set admirable and valuable climate goals, but to actually accomplish them. It isn’t easy, but it is essential.

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Countries Made Bold Climate Promises Last Year. How Are They Doing?

Photo, posted July 25, 2009, courtesy of Wagner T. Cassimiro via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio