At the same time there is a determination Denmark Email List never seen before and Xiomara (Castro) has been able to rescue and bring together a consensus of wide and diverse sectors of Honduran society”, he concluded. Carbon offset markets allow the rich to emit as financial intermediaries Denmark Email List profit. By fostering the fiction that others can be paid to cut greenhouse gases (GHGs) instead, it undermines efforts to do so. Committing to achieve ‘net-zero’ carbon emissions has become a major climate change policy goal. But most climate scientists agree the target is Denmark Email List dangerously misleading. Ostensibly promoting decarbonization, it actually allows carbon emissions to continue rising. Breakthrough?
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On 28 January 2021, two High-Level Denmark Email List Climate Action Champions, the COP25 and COP26 Presidents, and the United Nations Framework Convention on Climate Change (UNFCCC) Executive Secretary launched the Davos’ World Economic Forum’s ‘Race to Zero Breakthroughs’ initiative. More than 130 countries pledged in Glasgow to reach net-zero carbon emissions by 2050. Despite well-known Denmark Email List setbacks, the COP26 Glasgow Climate Pact has been hailed as a breakthrough on the “path to a safer future”. Before COP26, many cities, regions, businesses, investors and higher education institutions joined the 120 countries already committed then. Achieving net-zero via offset trading has thus become Denmark Email List the main climate action distraction.
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Following difficult, protracted Denmark Email List negotiations after the 2015 Paris Agreement (PA), Article 6 was the last of its 29 Articles agreed to. Article 6 unifies carbon offset trading standards in order to minimize ‘double counting’. Offsetting allows countries and companies to continue emitting GHGs instead of cutting them. Buying offsets lets them claim their emissions have been ‘cancelled’. Thus, offset markets have slowed climate action in the rich Denmark Email List North, responsible for two-thirds of cumulative emissions. Cheap cheats Clearly, Article 6 does not stop emissions of carbon dioxide (CO2) and other GHGs. The Kyoto Protocol’s Clean Development Mechanism (CDM) also Denmark Email List enables not cutting GHG production by paying others to do so.