Sino-German Cooperation
on Biodiversity, Climate and Environment
On behalf of International Climate Initiative (IKI)

IPCC Report highlights role of carbon pricing to achieve 1.5 degree target

October 08, 2018 – According to the new scientific report by the Intergovernmental Panel on Climate Change (IPCC) of the United Nations, limiting global warming to 1.5 degrees Celsius above pre-industrial level could stave off the most catastrophic consequences of climate change. Human activities are estimated to have caused 1 degree Celsius global warming already, and “rapid, far-reaching and unprecedented changes in all aspects of society” are required to achieve this aim. For this, the report mentions carbon pricing as one of many instruments to tackle climate change. Carbon pricing “could minimise the social costs of the low carbon transition by equating the marginal costs of abatement across all sources of emissions“. The report is the key scientific input into the COP 24 in Poland in December, when governments review the Paris Agreement.

Source:
http://ipcc.ch/report/sr15/

More project related news

MEE publishes list of firms that supported data manipulation in the Chinese national ETS during the first compliance period

After July 2021 reports had shown that the technical service company China Carbon Energy Investment and S&T (中碳能投科技有限公司) falsified emission data and supported key enterprises in their effort to manipulate their data of the first compliance cycle, the Ministry of Ecology and Environment (MEE) announced to increase its attention on the quality of emission data.

Read More »