The Climate Convention has lost relevance and hinders local initiatives
Sergio Abranches
A balance of the decisions made at the Climate Convention (UNFCCC) since Bali, in 2007, would show that there has been little more than formal progress. The most concrete outcome so far has been the result of the frustrated COP15 held in Copenhagen, in 2009. Large emitters outside the Kyoto Protocol have pledged to reduce their carbon emissions for the first time. Among them The United States, China, India, and Brazil. More »
G20 looks at green economy and disaster risk reduction
Sergio Abranches
G20′s Finance ministers and Central Bank governors met last week, February 25-26 in Mexico City to discuss global economic troubles. In their communiqué they have conceded a few words to the green economy, and to disaster risk management. Should we see it as a sign that there is hope they’ll someday get smarter?
China braces for a carbon market
Sergio Abranches
Last week, China’s National Development and Reform Commission reportedly directed seven regions to set overall emissions control targets and submit proposals for how caps should be allocated. The directive, which encompasses the cities of Beijing, Chongqing, Shanghai, Shenzhen and Tianjin and the provinces of Guangdong and Hubei, aims to establish cap-and-trade pilot projects for the country’s carbon market, meant to be in place by 2015. More »