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

Airlines Fleece Passengers for Non-Existent Carbon Payments Last year the EU Commission headed off a major trade dispute by delaying the inclusion of some flights in the European Emissions Trading Scheme (ETS). The aviation sector celebrated, as did many consumers and business travellers as the inclusion of aviation in the ETS was credited with increasing airline ticket prices.  Some predictions suggested ETS compliance would add £80 to a family holiday to the US…. 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