In 2010, an agreement was signed between the governor of California, U.S. and the governors of the state of Chiapas, Mexico and Acre, Brazil aimed towards the collaborative reduction of greenhouse gas emissions through the reduction of deforestation and forest degradation (“REDD”). In response to this agreement, the REDD Offset Working Group (“ROW”) was established […]
Continue readingThe EU ETS has served as an essential part of the EU’s efforts to meet its emissions reduction targets under the first Kyoto commitment period. Covering over 10,000 energy intensive facilities in the twenty-seven EU member nations, including oil refineries, iron and steel plants, power plants with capacity of more than 20 megawatts, cement, glass, […]
Continue readingThe Australian Carbon Farming Initiative (“CFI”) is a voluntary domestic offset mechanism geared towards the agriculture sector, which is not covered under the Australian emissions trading system (“ETS”). The aim is to promote sustainable land use and provide funding for landscape restoration projects. Through the initiative, farmers will be able to earn carbon credits through […]
Continue reading