While the European Commission’s proposal for a revised EU Emissions Trading System (ETS) directive includes positive measures, such as an increase in the Linear Reduction Factor and the inclusion of the maritime sector, it fails to address in a timely fashion the enormous surplus of allowances in the system. This means that the cap will …
A COP for the climate or the finance sector?
The impressive alphabet soup of private-sector initiatives tells a story of commendable commitment from our leading financial institutions to accelerate the transition to a net zero economy, or a story of equally remarkable corporate lobbying coordination in order to influence the outcome of the COP26 towards business-friendly market rules, depending on how you look at …
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Three Decades of Climate Mitigation: Why Haven’t We Bent the Global Emissions Curve?
Frederic Hache was kindly and generously invited to contribute to this important interdisciplinary peer reviewed article about the "why" of 3 decades of climate failure. The common thread and conclusion that emerges from all disciplines is about the central role of power and vested interests, not any lack of awareness or solutions. Link to the …