Climate Change Committee’s Post

On March 11, 2024 the Fluorinated Gases Regulation (FGR) came into play, amending earlier EU laws on fluorinated greenhouse gases (F-gases) and is part of the EU ‘fit for 55’ package, aiming to align EU climate and energy laws with the EU Climate Law’s 2030 target.   The FGR includes clear targets to help deliver these goals:   🌿 by 2026, the production of hydrofluorocarbons (HFCs) will be phased down to a minimum of 15%; and 🌿 by 2050, the consumption of HFCs will be completely phased out.   Read our flash update to find out how this affects you and your business, and contact Martin Weitenberg or Jane Southworth to find out more. #ESG

The Canadian government’s proposed regulations aim to cut emissions in the oil and gas sector by 35% by 2030, compared to 2019 levels. Environment Minister Steven Guilbeault clarified, “This goes after pollution, not production,” emphasising that the cap supports Canada’s commitment to carbon neutrality by 2050. Continue reading at- https://buff.ly/4fD7p2q #Sustainability #ESG #SustainableBusiness #SocialImpact #CorporateGovernance #ESGinActionAfrica #ESGNews

While the EU only accounts for about 8% of global CO2 emissions, it holds a historical responsibility as one of the earliest industrialized regions. The EU is thus seeking solutions to address the urgent challenge of climate change. The European Parliament voted in a Carbon Removal Certification Framework to pave the way for the development of carbon removal solutions. But what are the opportunities and limitations? And who is concerned by this initiative? Find out more: https://lnkd.in/eJFeMVYb

🚨EU Emissions Trading System revenue must be used to support people, not polluters, NGOs demand As the new European Commission begins its mandate, we urge policymakers to use the revenue raised from the EU Emissions Trading System (ETS) wisely. The €200 billion expected to be raised by 2030 must prioritise real climate action and shield vulnerable citizens from the costs of the transition. Carbon Market Watch and 27 organisations (and counting) are calling for: ✅ Support for low-income groups through ETS2 revenues and  the Social Climate Fund ✅ Amendments to the EU ETS Directive to ensure the "Do No Significant Harm" and additionality principles guide the use of revenue ✅ Focused investments in industrial decarbonisation, phasing out free allowances, and ending indirect cost compensation ✅ Strict monitoring of spending to ensure it follows the ETS Directive The transition to a greener economy must be financed fairly — it’s time to make polluters pay for the transition, both in Europe and globally. ✍️ Let’s ensure ETS revenues truly serve the people and society → Join us in urging the European Commission to prioritise climate and social justice in the use of ETS revenues: https://lnkd.in/dJKTbjJP

Under Denmark’s world-first carbon removals fund, carbon removal credits can both be sold in the voluntary carbon market (VCM) and also count towards national climate targets. The EU has not yet clarified what the rules are here, but countries and companies want to start developing carbon removals already, therefore the EU might have to come up with some guidance and clarification soon.

In our view it’s just a matter of time before high intergrity #VCC’s are allowed to offset cement and steel production. The accounting will be figured out. #carbonsequestration through responsible agriculture - re introducing industrial hemp and linen back into the Polish economy is the route we have taken. Low Capex, returns high enough to attract qualified investors, high global demand for the crops, and the ability to execute now are key.

The EU's Emissions Trading System will be extended to cover buildings, road transport, and additional sectors under the name #ETS2: https://lnkd.in/eQM_9vmi Starting in 2027, companies within these industries will need to purchase emissions allowances, promoting a cap-and-trade approach to reduce greenhouse gas emissions. The goal is to #decarbonize sectors that have been historically challenging, aligning with the EU’s broader climate goals to become climate neutral by 2050. https://searoutes.com/

Check out this new 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗗𝗲𝗰𝗿𝗲𝗲-𝗟𝗮𝘄 𝗡𝗼. (𝟭𝟭) 𝗼𝗳 𝟮𝟬𝟮𝟰 which aims to reduce climate change impacts in the UAE by regulating greenhouse gas emissions and supporting climate adaptation. It 𝗮𝗽𝗽𝗹𝗶𝗲𝘀 𝘁𝗼 𝗮𝗹𝗹 𝗚𝗛𝗚 𝘀𝗼𝘂𝗿𝗰𝗲𝘀, 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝗳𝗿𝗲𝗲 𝘇𝗼𝗻𝗲𝘀, and requires entities to reduce emissions through clean energy, carbon capture, and offsetting, with annual targets set by the Cabinet. The law promotes innovation, international cooperation, and data sharing, while offering incentives for adopting emission-reducing technologies and carbon trading. It mandates sector-specific adaptation plans and imposes fines ranging from AED 50,000 to AED 2 million for violations. 𝗧𝗵𝗲 𝗹𝗮𝘄 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗲𝗻𝗳𝗼𝗿𝗰𝗲𝗱 𝗻𝗶𝗻𝗲 𝗺𝗼𝗻𝘁𝗵𝘀 𝗮𝗳𝘁𝗲𝗿 𝗶𝘁𝘀 𝗽𝘂𝗯𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻. #UAE #ClimateChange #Sustainability #Emission

The new UK government has an urgent task on its hands, as the CCC’s latest report on emissions reduction progress shows that the UK remains far off-track to meeting its legally binding targets.   The report, released today, found that the UK has credible plans in place for only a third of the emissions reductions required for its 2030 target and for just a quarter of the reductions required to meet its carbon budget starting in 2033. The Committee has presented the government with ten recommendations to put the country back on track, including reversing last year’s rollback on existing emissions-saving  measures. Key also is the delivery of a new climate plan by next May, which the former government was ordered to do by the High Court, following our successful legal challenge in May this year. “This report makes it unequivocally clear that despite positive early steps, an urgent task lies before this new government – fortunately the action we need to see would benefit people across the UK. “The good news is many of the solutions are already available to this government. Comprehensive action on home insulation and large-scale public transport investments would slash UK emissions and make a serious dent in addressing the cost-of-living crisis facing many households,” Sam Hunter Jones, ClientEarth lawyer 

The UK Government announced in May that the country has surpassed its carbon emissions targets by 15%. The UK is on track to meet its 2050 net zero ambitions, as a recent report shows it has again overachieved targets to cut emissions. The 15% emissions surplus from the third carbon budget will not be carried forward and the government is expected to over-deliver once again in the fourth carbon budget. Under the UK’s Climate Change Act, the government can bank surplus emissions for later carbon budgets if the country emits fewer emissions than the legal limit. However, the decision not to carry forward the surplus aligns with advice from the independent Climate Change Committee. Energy Security and Net Zero Minister Justin Tomlinson said: “By deciding not to carry forward our over-performance from the third carbon budget, we are doubling down on our commitment to reach net zero and we are already halfway there. This will keep the UK at the forefront of global efforts to cut its emissions, but we will do this while also driving down consumer bills.”