Local Govt Forum

Joydeep Gupta Charlotte Middlehurst Yao Zhe Wang Yamin 21.11.2016 中文版本     0 comments Despite progress on several fronts at COP22 there was a deadlock over finances for developing countries, writes  chinadialogue  (Image by  UN  Photo ) The November 7-18 UN climate summit concluded in the early hours of November 19 with a tight timetable on how to implement the  Paris Climate Change Agreement  but without a deal on how much money rich nations will pay for the purpose and by when. Governments set a deadline of 2018 to complete the rule book to operationalize the Paris Agreement. The Marrakech summit of the UN Framework Convention on Climate Change (UNFCCC) saw a slew of initiatives to move towards a greener economy and to boost water and food security in a world made more vulnerable to droughts, floods, storms, sea level rise and other impacts of climate change. Most of the initiatives were through bilateral or...

Zhang Chun 18.11.2016 No immediate emissions reduction is expected when it opens next year, but its huge scale provides hope for reductions from 2020 onwards China's nationwide carbon market will be the largest in the world when it begins trading next year  (Image by  SD-Pictures ) In the wake of Donald Trump’s surprise victory in the US presidential election, and his refusal to recognise climate change, China’s new carbon market is attracting particular attention. China’s move is not just one of the most important outcomes of the  US-China bilateral climate talks  – it may be the most watched national climate change move since the Paris Agreement came into force. In the short-term, experts are not expecting China’s national carbon market to be perfect. They say it will take several years of growth before it delivers emissions reductions, and that the most urgent task is to put the market mechanism in place quickly so that its operation can be studi...