Sophie Robinson-Tillett’s Post

This recent paper suggests that reducing GHG emissions, combined with corporate technological innovations, can be more effective measures for mitigating climate change, based on data from 178 S&P 500 companies between 2016 and 2021. #CarbonStrategies

Australia’s climate policy landscape is about to change gears.   By February, Australia will have an updated Nationally Determined Contribution under the Paris Agreement, including a 2035 emissions target.   This will re-set Safeguard Mechanism baseline decline rates – and ACCU prices – immediately re-shaping the local carbon market.   Read our free article below --> #ACCUs #CarbonMarket #CarbonCredits #CarbonTrading

An Interesting Friday Read for Environmental Market Stakeholders As Australia continues its industrial decarbonization efforts, the Australian Carbon Credit Unit (ACCU) market is entering a period of uncertainty. In the lead-up to the new Nationally Determined Contribution (NDC) announcement, expected by the end of February 2025, the forthcoming 2035 emissions target will likely have significant implications for baseline decline rates under the reformed Safeguard Mechanism - key factors in shaping ACCU market dynamics. Drawing parallels with recent developments in other compliance markets, such as the recent surge in NZUs following government auction volume revisions, it’s clear that policy shifts are a significant risk to the ACCU market and other environmental compliance markets alike. Moreover, with the ASX200 skewed towards entities under the Safeguard Mechanism, coupled with greater transparency for climate risk and emissions reporting with the introduction of mandatory climate disclosure regulations in Australia, the ripple effects of these policy changes could extend beyond the ACCU market itself. For more, read the full article released yesterday.

With the increased scrutiny on transition planning, it is important to consider what a credible Climate Transition Plan entails and how the term and expectations are evolving. Read this article by KERAMIDA's Vice President, ESG Strategy, Planning and Reporting, Becky Twohey to learn about the gold standard framework by the Transition Plan Taskforce and the first steps you should take to develop a credible Climate Transition Plan. https://lnkd.in/gU5nMbMX #ClimateTransitionPlan #ESG #TransitionPlanTaskforce #Climate #ClimateChange #GHG #Emissions

The elephant in the room: the “what”, “if”, and “how” of the role that the private sector can play in delivering just transition strategies. With Jodi-Ann Jue Xuan Wang Inés Holanda Jiménez Rodríguez World Benchmarking Alliance Grantham Research Institute on Climate Change & the Environment Climate Strategies we unpack this issue and what it means for current discussions as part of the Just Transition Work Programme (#JTWP) in a recent article in Eco-Business

Comment: By refusing to move fast, net zero standard setter #SBTi is stifling corporate climate action. Brennan Spellacy, Co-founder and CEO of Patch, warns against letting the perfect get in the way of the good as the climate challenge becomes increasingly urgent. #carboncredits #carboncapture #parisagreement #climateaction #ghgemissions The Integrity Council for the Voluntary Carbon Market (ICVCM) #IRA Terry Slavin, Liam Dowd, Ed Long https://lnkd.in/dkbt8dXU

The next Carbonwise article has just dropped and features focus on the United Nations Framework Convention on Climate Change via https://lnkd.in/eJa-MSGq #education #carbonmarkets #emissions #UN #unitednations #climatechange

Great article in TIME: 2024 Must be the Year for Exponential Climate Action "In 2024, we need to stitch together and level up the climate ambition of the range of subnational actors that are critical to delivering on country-based climate commitments," write Lawrence Tubiana, CEO of the European Climate Foundation, and Catherine McKenna, Canada's former Minister of Environment in TIME magazine. They highlight 5 key action areas that must be taken, including aligning national and subnational net zero action. “Businesses, financial institutions, cities and regions each play a critical role. The UN’s “Integrity Matters” report, released in 2022, defined what it takes to make credible net zero commitments, including verifiable transition plans that reduce emissions and move money to clean energy. “Thanks to work by civil society and initiatives like the Bloomberg-Macron Net Zero Data Public Utility, large companies and financial institutions can be held accountable for their net zero pledges. “The UN’s new TaskForce on Net Zero policy, announced at COP 28 will help accelerate the shift that is already underway to move from voluntary net zero initiatives to regulated requirements,” they write in this #mustread in TIME. See more in today's edition of my Daily Read newsletter (like below). And click below to sign up to get the Daily Read delivered directly to your inbox: sheekeydaily.com

Great summary from Marc Daalder about the new Climate Change Commission recommendations out for consultation tonight. Three major reports were published by the commission as part of regular reviews it undertakes of the country’s climate targets.  Marc summarises five key points three of which are below 1. Climate change is getting worse faster than expected and we should consider strengthening our 2050 targets 2. We are making more progress in reaching our climate goals than expected 3. Acting ambitiously on climate change will offer net social and economic benefits as compared to business-as-usual - "For example decarbonising road transport, aviation, residential and commercial buildings and industrial process heat will offer billions of dollars of savings in the decades to 2050, the Climate Change Commission’s analysis shows Marc's article is here https://lnkd.in/guzrwG2p Consultation closes 31st May You can read the documents and have your say here https://lnkd.in/gEJ6QB4F

Setting ambitious emissions reduction targets in line with a science-based approach to achieving net-zero emissions is a critical step all businesses should take or work towards. But, setting a target without a plan to achieve it undermines the credibility of these climate goals. This is why over 25% of disclosing businesses to CDP have a 1.5°C-aligned climate transition plan in place – an increase of 44% since last year. To provide additional insights on climate transition plans CDP released our third annual State of Play: 2023 Climate Transition Plan disclosure report. Check it out: https://lnkd.in/egY_p73W