Alex Meredith

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Offsetting is not everyone’s preferred form of environmental action.   But when you run the biggest mechanism for generating offsets on the planet, you think you might have bought in. Not so. The UN operates (through the UNFCCC) the largest and most successful offsetting mechanism known as the Clean Development Mechanism (CDM).  It allows developed world emitters to invest in developing world clean technology projects. This has two positives – reducing the… Read More

We are only three weeks into 2013 and there is already a feeling of a revolution in the world of climate policy. Led by a courageous and unexpected inauguration speech by Obama, the world’s second biggest polluter is finally awakening from its long apathetic slumber over emissions reductions. Years of hard ground-work have led to the successful launch of the California Carbon Trading Scheme and moves by the Environmental Protection Agency to… Read More

Air travel makes the world smaller – connecting businesses and allowing individuals to travel the world – adding to GDP as well as bringing pleasure into people’s lives. But  jet engines don’t run on thin air. Aviation emissions currently account for approximately 2% of total CO2 emissions with significant aviation demand growth expected in the short and medium term, particularly in Middle East and Asia. The World Economic Forum calculates that CO2… Read More

Politicians and sceptics have hailed 2012 as the year the global carbon market finally croaked its last.    However the latest report from Bloomberg New Energy Finance paints a more nuanced picture and offers a more positive perspective. While BNEF’s data shows the absolute value of the global carbon market  transactions plunged 36% last year as European Union prices fell and United Nations emission credits dropped to record lows, transaction volumes across the… Read More

The annual summit of the UNFCCC (the international body charged with coming to agreements on action against climate change) has ended with some progress.  Rejoice! The commitment from developed nations to compensate the developing world for ‘loss and damage’ caused by climate change is a positive step.  It hard-wires the repayment of the ‘climate debt’ owed by the industrialised global ‘north’ to the developing global ‘south’ into the negotiating text.   What it… Read More

Trying to thrash out a climate deal in a city built on oil and gas is like debating drugs policy in Afghanistan.   That is; a good idea.   The sight of a few LNG vessels pulling away to deliver vital gas supplies around the developed world should bring a touch of realism to proceedings.  But there is unlikely to be any day-dreaming of grandstanding this year in any case.  Europe has made clear… Read More