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Harnessing voluntary carbon markets for climate ambition
Available online: https://pub.norden.org/temanord2022-563/ An increasing number of non-state actors are taking steps towards and beyond carbon neutrality and making claims about their contribution to global climate action. The voluntary use of carbon credits is one way to support more, earlier and faster climate action than what would be possible with own emission reductions alone, if high environmental and social integrity is ensured. The Nordic Dialogue on Voluntary Compensation brought together Nordic stakeholders to co-create guidance for the robust voluntary use of carbon credits in line with the long-term goals of the Paris Agreement and the UN Sustainable Development Agenda. This report summarises Nordic perspectives on best practice for the voluntary use of carbon credits and related claims, and recommendations for further Nordic cooperation in this field.
Regulatory framework for CCS in the Nordic countries
Available online: https://pub.norden.org/temanord2023-521/ All Nordic countries have set ambitious targets to achieve net-zero greenhouse gas emissions through various national goals and legislation. Carbon Capture and Storage (CCS) has a key role in strategies to achieve net-zero emissions through mitigating emissions from fossil fuels and removing CO2 permanently from the atmosphere. This project aimed to analyse regulatory aspects that are relevant for deployment of CCS-based mitigation options in a Nordic context. The report identifies similarities and differences between the Nordic countries concerning CCS regulation, barriers to CCS deployment due to regulatory frameworks, and currently ongoing regulatory development aimed at promoting responsible CCS deployment. Recommendations are provided concerning areas where further development, coordination, and capacity building might be prioritised by the Nordic countries.
Voluntary compensation of greenhouse gas emissions: International guidance and initiatives
Available online: https://pub.norden.org/temanord2021-541/ An increasing number of non-state actors are taking steps towards and beyond carbon neutrality and making claims about their climate impact and contribution to mitigation, so as to contribute to the Paris Agreement’s long-term goal to limit global warming to 1.5 degrees Celsius. Voluntary compensation of greenhouse gas emissions enables actors to take responsibility for their remaining emissions by supporting additional mitigation outcomes that occur outside the actors’ boundaries. This report maps key international guidance and initiatives relevant to voluntary compensation. It aims to foster a common knowledge base on high-integrity use of voluntary compensation as part of actors’ broader mitigation efforts towards and beyond carbon neutrality. It was prepared under the Nordic Dialogue on Voluntary Compensation.
Handbook of International Climate Finance
The concept of international climate finance channelled from developed to developing countries through public interventions for mitigation and adaptation has been developed over the last decade, but its roots date back to the early 1990s. Despite the high relevance of the topic in the international climate negotiations, illustrated by the (missed) target to mobilise USD 100 billion by 2020, there is no book that provides an overview accessible to academics and practitioners alike.
Mobilizing climate finance flows
If the Agreement’s goal - limit the global temperature increase below 2°C - is to be met, all financial flows need to shift dramatically and rapidly from current investment patterns to 2°C compatible pathways. This study analyses the roles Nordic actors might play in mobilizing finance flows internationally and outlines a roadmap that can guide joint Nordic action during the next five to ten years. While the roadmap covers components of “climate related ODA” and climate compatible contributions from the private sector, the focus of the roadmap lies on the crucial bridging and dialogue that is required between key actors. Building on identified Nordic strengths and areas needing accelerated international support, the report concludes with a set of immediate next steps to operationalize the roadmap in 2017-2018.
Re-thinking Politics
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