Albert Park’s Post

Momentum is growing for carbon pricing in Asia and the Pacific. Economies in the region are increasingly taking advantage of international carbon markets under Article 6 of the Paris Agreement on Climate Change and the voluntary carbon market. Our blog focuses on policies that can encourage and expand the effective use of this mechanism and help lower the costs of emission reduction: https://ow.ly/GlhE50UbvmU

Check out my blog post https://wix.to/negmSr2 #newblogpost United for a Greener Future: International Climate Action Climate change is a global threat, but no nation can fight it alone. International cooperation is key. Countries work together to reduce emissions (Paris Agreement) and adapt to impacts (UNFCC). Developed nations offer financial aid to developing countries for clean energy transition and resilience building. Africa steps up! The African Union's Agenda on Adaptation tackles climate vulnerabilities. Despite low historical emissions, African nations actively participate in global agreements and pursue clean energy like Ethiopia, Kenya, and Morocco's renewable energy projects. The Great Green Wall project combats desertification. Challenges remain. Funding gaps hinder action, and technology transfer is crucial for Africa to build clean energy infrastructure. The US, a major emitter, must fulfill financial pledges and collaborate on clean energy tech. Everyone can contribute! Reduce your carbon footprint, support sustainable businesses, raise awareness, and advocate for strong climate policies. Together, we can build a greener future! Learn more at UNFCCC (https://unfccc.int/).

The Millennium Institute contributed to a Nature Communications publication, "A cost-effective climate mitigation pathway for China with co-benefits for sustainability," co-authored by Matteo Pedercini. This article examines sustainable climate policies in China and their implications for advancing the Sustainable Development Goals #SDGs Key insights include: 1. Identifying a cost-effective pathway that balances CO2 emissions reduction with sustainable development benefits. 2. Highlighting the synergistic effects of integrated climate policies on various SDGs, such as clean energy and responsible consumption. 3. Emphasizing the importance of innovative modeling approaches, like iSDG-Climate-China, to simulate multi-sectoral impacts on long-term policy outcomes. Read more: https://ow.ly/zWHj50U0erL What are your thoughts on sustainable climate policies in China? #SustainableDevelopment #ClimatePolicy #Sustainability

In case you missed it, the third edition of our Singapore Business Carbon Report is here! Download now for actionable insights into sectoral benchmarks on GHG emissions, best practices in carbon management and expert views on the current and emerging trends in the climate change and decarbonisation space. Get your copy here: https://lnkd.in/gJG4CwRx #CarbonReport #CarbonManagement #ThoughtLeadership #LowCarbonSG #NetZero

China is emerging as a major player in international climate finance, directing resources towards low-income countries' efforts to mitigate climate change and adapt to its impacts. 🇨🇳 But questions remain about the scope, direction and effectiveness of this financial support. Join us for a webinar that will take a deep dive into three recently published papers by the Center for Global Development, E3G/ODI (upcoming) and World Resources Institute, to provide a comprehensive overview of China's international climate finance landscape and its implications for the New Collective Quantified Goal. Register here: https://buff.ly/40v3OiR 🔗 #ClimateFinance #NCQG #COP29

Fully agree. China and the EU are now set to dominate climate action as the US falls behind, though many of its individual states, cities and companies will continue action. The opportunities for Chinese clean tech exports in developing countries are huge, with prices potentially falling due to overcapacity, and for EU too if it can grow and scale greentech quickly enough. I see UK, trapped between US and EU tariffs, overshadowed by China, doing perhaps OK with its domestic energy transition but struggling to compete in the greentech global markets alone, unless it moves quickly to rejoin the Single Market. But opportunities, not least in consultancy, will still present themselves from time to time. The other big question is the extent to which the EU cooperates with China on climate policy within the Paris Agreement to fill the void left by the US given tensions on protective tariffs, not least on EV imports.

We recently identified key climate-related priorities that national governments in Asia must address to enable private capital to flow into climate solutions. More: https://bit.ly/48Pr2Cf Stay tuned for our upcoming 2025 State of Net Zero Investment in Asia Report! Read more in the Commercial Risk article: https://lnkd.in/g-BHC7Rj Explore previous findings in our 2024 report: bit.ly/AIGCC_5NZR

As the world grapples with the urgent need for climate action, recent developments from the G20 summit in Rio de Janeiro are signalling a pivotal shift in climate finance. The agreement emphasises the importance of mobilising substantial resources to support developing nations, mainly through voluntary contributions from wealthier countries. This collaborative approach addresses pressing climate challenges and enhances the functionality of voluntary carbon markets. The focus on innovative financing mechanisms, including nature-based solutions and low-emission technologies, aligns with a growing global commitment to sustainable development. Staying informed is essential in this rapidly evolving landscape. Engaging with advanced tools like CarbonAI can help you do just this by giving you access to market developments and carbon pricing. Find it below: https://carbonai.eco Explore answers to impactful questions related to the issues here: https://lnkd.in/eJnsUext #SCBWeNeverStop

I am optimistic that humanity will come up with consolidated solutions for decarbonization efforts. These expectations include increased climate finance commitments from developed nations to support developing countries, finalization of the Loss and Damage Fund to assist nations most affected by climate change, and the establishment of transparent standards for international carbon trading under the Paris Agreement. Additionally, countries like the UK have announced stronger national targets, such as cutting emissions by 81% by 2035, while discussions emphasize equitable resource distribution and greater support for vulnerable regions, including Small Island Developing States. These efforts aim to accelerate global climate action and enhance cooperation.

Exactly: Only China can now lead the world on climate even the Financial Times knows it #China #ClimateAction #Cleanenergy #eMobility #Solarpower no country in the world should slow down or even block the transformation to clean energy! Collaboration is key and China shows how BRICS and the Belt and initiative are both good examples