Skepticism over aspects of the carbon markets has the potential to infect perceptions of initiatives seeking to engage the private sector in the gargantuan task of financing the transition to a low-carbon global economy. Climate finance, working in tandem with climate markets, is at the core of the Paris Agreement and the financial flows required to give adequate effect to its implementation cannot happen without the commitment of private finance and the private sector being fully engaged. For this to occur, there must be confidence in the design, operation, and governance of markets; and in relation to mitigation, in the validity and environmental integrity of measurable outcomes. The field of climate data analysis is developing to service the demands of the financial sector, driven in part by anticipated regulatory and disclosure requirements. Yet an examination of the current analytical approaches points to an emphasis on the consequences for corporations, investments, assets, and infrastructure from climate-related risk, as opposed to the consequences for the climate of corporate activities, investments, asset or infrastructure development. While both approaches are legitimate subjects for analysis, the paper argues that this risk bifurcation can and should be addressed to ensure the raison d’être of climate finance and climate markets – transition to a low-carbon economy and the mitigation objectives of global climate policy – is given due weight, through the development of accurate, reliable, comparable metrics that provide clear yardsticks on how climate finance investments are contributing to progress towards the goals of the Paris Agreement.
{"title":"Climate Impact Measurement In Climate Finance and Carbon Markets","authors":"J. Macinante","doi":"10.21552/cclr/2020/3/8","DOIUrl":"https://doi.org/10.21552/cclr/2020/3/8","url":null,"abstract":"Skepticism over aspects of the carbon markets has the potential to infect perceptions of initiatives seeking to engage the private sector in the gargantuan task of financing the transition to a low-carbon global economy. Climate finance, working in tandem with climate markets, is at the core of the Paris Agreement and the financial flows required to give adequate effect to its implementation cannot happen without the commitment of private finance and the private sector being fully engaged. For this to occur, there must be confidence in the design, operation, and governance of markets; and in relation to mitigation, in the validity and environmental integrity of measurable outcomes. The field of climate data analysis is developing to service the demands of the financial sector, driven in part by anticipated regulatory and disclosure requirements. Yet an examination of the current analytical approaches points to an emphasis on the consequences for corporations, investments, assets, and infrastructure from climate-related risk, as opposed to the consequences for the climate of corporate activities, investments, asset or infrastructure development. While both approaches are legitimate subjects for analysis, the paper argues that this risk bifurcation can and should be addressed to ensure the raison d’être of climate finance and climate markets – transition to a low-carbon economy and the mitigation objectives of global climate policy – is given due weight, through the development of accurate, reliable, comparable metrics that provide clear yardsticks on how climate finance investments are contributing to progress towards the goals of the Paris Agreement.","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88545660","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
W. Obergassel, C. Arens, L. Hermwille, N. Kreibich, Hermann E. Ott, H. Wang-Helmreich
Last year's conference of the global climate change regime took place from 2 until 15 December 2018 in Katowice, Poland. The conference had two main objectives: operationalising the Paris Agreement by adopting detailed rules for its implementation, and starting the process of strengthening Parties' climate protection contributions. This article covers the negotiations on these two sets of issues and also includes a discussion of other recent climate activities by Parties and non-Party actors. Success of the negotiations in Katowice was far from assured, but in the end COP24 concluded with the adoption of the "Katowice Climate Package" setting out detailed guidelines on how to implement its various elements. However, the conference fell short on the first objective, none of the major emitting countries was ready to step up its climate ambition. The most important aspect of the Katowice outcome is therefore that it has brought the wrangling about implementation procedures to a close, making way for the true task at hand: the strengthening of national and international activities to protect the climate and the implementation of the existing pledges. Arguably, a key factor that has been slowing down climate policy is the power of entrenched interests. The article therefore concludes with a reflection on how such barriers to climate action may be overcome and what role future COPs may play in this regard.
{"title":"Paris Agreement: Ship Moves Out of the Drydock","authors":"W. Obergassel, C. Arens, L. Hermwille, N. Kreibich, Hermann E. Ott, H. Wang-Helmreich","doi":"10.21552/cclr/2019/1/4","DOIUrl":"https://doi.org/10.21552/cclr/2019/1/4","url":null,"abstract":"Last year's conference of the global climate change regime took place from 2 until 15 December 2018 in Katowice, Poland. The conference had two main objectives: operationalising the Paris Agreement by adopting detailed rules for its implementation, and starting the process of strengthening Parties' climate protection contributions. This article covers the negotiations on these two sets of issues and also includes a discussion of other recent climate activities by Parties and non-Party actors. Success of the negotiations in Katowice was far from assured, but in the end COP24 concluded with the adoption of the \"Katowice Climate Package\" setting out detailed guidelines on how to implement its various elements. However, the conference fell short on the first objective, none of the major emitting countries was ready to step up its climate ambition. The most important aspect of the Katowice outcome is therefore that it has brought the wrangling about implementation procedures to a close, making way for the true task at hand: the strengthening of national and international activities to protect the climate and the implementation of the existing pledges. Arguably, a key factor that has been slowing down climate policy is the power of entrenched interests. The article therefore concludes with a reflection on how such barriers to climate action may be overcome and what role future COPs may play in this regard.","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85780964","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of By-Laws in Enhancing the Integration of Indigenous Knowledge","authors":"E. Mwanga","doi":"10.21552/cclr/2019/1/5","DOIUrl":"https://doi.org/10.21552/cclr/2019/1/5","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74511946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Facilitating African Climate Change Adaptation Through Framework Laws","authors":"O. Rumble","doi":"10.21552/cclr/2019/4/4","DOIUrl":"https://doi.org/10.21552/cclr/2019/4/4","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82379325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Enhancing Climate Adaptation through the Paris Agreement Market Approaches: Opportunities for COP 25 and Beyond","authors":"Christopher Campbell-Duruflé","doi":"10.21552/cclr/2019/3/5","DOIUrl":"https://doi.org/10.21552/cclr/2019/3/5","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76328414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Negative Impact of Land Clearing and Deforestation on the Great Barrier Reef","authors":"C. Pickering, Evgeny Guglyuvatyy","doi":"10.21552/cclr/2019/3/6","DOIUrl":"https://doi.org/10.21552/cclr/2019/3/6","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84026540","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From ETS to Carbon Coalitions: Carbon Market Standards Will Improve Over Time","authors":"S. K Parker","doi":"10.21552/cclr/2019/3/4","DOIUrl":"https://doi.org/10.21552/cclr/2019/3/4","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85285599","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Personal Carbon Trading: The Holy Grail for Severe Emission Reductions?","authors":"P. Dijkshoorn","doi":"10.21552/cclr/2019/3/7","DOIUrl":"https://doi.org/10.21552/cclr/2019/3/7","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76413347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Climate Change Law in Uganda","authors":"A. Kibandama","doi":"10.21552/cclr/2019/4/5","DOIUrl":"https://doi.org/10.21552/cclr/2019/4/5","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76443820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Loss and Damage after Paris: Moving Beyond Rhetoric","authors":"V. Pekkarinen, Patrick Toussaint, H. Asselt","doi":"10.21552/CCLR/2019/1/6","DOIUrl":"https://doi.org/10.21552/CCLR/2019/1/6","url":null,"abstract":"","PeriodicalId":52307,"journal":{"name":"Carbon and Climate Law Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72509102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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