Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG
  • Home
  • News
    • Sustainability
    • Featured
    • Carbon Offset
    • Net zero
    • Knowledge
    • Climate Change
    • Off Grid Solar
    • RoofTop & Distributed Solar
    • Technical
    • Manufacturing
    • Utility Scale RE
  • World
    • USA
    • UK
    • India
    • Europe
      • France
      • Germany
      • Austria
      • Denmark
      • Finland
      • Italy
      • Netherlands
      • Spain
      • Switzerland
    • Middle East
      • Saudi Arabia
      • UAE
      • Qatar
      • Bahrain
      • Oman
    • Asia Pacific
      • China
      • Hong Kong
      • Australia
      • Indonesia
      • Japan
      • Malaysia
      • New Zealand
      • Singapore
      • South Korea
    • North America
      • Canada
      • Mexico
    • South America
      • Brazil
      • Chile
    • Africa
      • South Africa
      • Egypt
      • Kenya
      • Mali
      • Morocco
      • Nigeria
      • Uganda
  • Industries
    • Air Travel
    • Automobile
    • Banking
    • Cement
    • Energy
    • FMCG
    • Healthcare
    • Hospitality
    • IT & Computers
    • Shipping
    • Pharmaceuticals
    • Real Estate
    • Steel
  • More
    • Carbon Capture & Storage
    • Carbon Footprint
    • Carbon Tax
    • New Launches
    • Interviews
    • Job Opportunities
    • Policy & Regulations
    • Quarter Results
    • Research Reports
    • Tender
    • Web Stories
  • Climate Change
    Climate ChangeShow More
    Why Oil Stocks Aren’t That Hot
    Anand Gupta By Anand Gupta
    Countries draw battle lines for talks on new climate finance goal
    Anand Gupta By Anand Gupta
    Achieving MENA Climate Change Goals While Navigating Cashflow Challenges
    Anand Gupta By Anand Gupta
    TIME TO NAME THE SILENT KILLER: HEATWAVES
    Anand Gupta By Anand Gupta
    UNEA-6: multilateral actions to tackle climate change, biodiversity loss and pollution
    Anand Gupta By Anand Gupta
  • Sustainability
    SustainabilityShow More
    The Importance Of Sustainability In Manufacturing
    Anand Gupta By Anand Gupta
    Sustainability Partnerships: What They Are, Why They Matter And How They Work
    Anand Gupta By Anand Gupta
    The Best And The Rest: The Sorry State Of Sustainability Today
    Anand Gupta By Anand Gupta
    It’s Time for Sustainability to Become a Core Part of MBA Programs
    Anand Gupta By Anand Gupta
    Eight ways the sustainable economy is (still) taking over
    Anand Gupta By Anand Gupta
  • Business & Finance
    Business & FinanceShow More
    Himachal CM seeks collaboration with UK on green hydrogen, e-vehicles
    Anand Gupta By Anand Gupta
    IndiGrid’s portfolio grows to 1.1 GWp with new 300 MW solar acquisition
    Anand Gupta By Anand Gupta
    EverEnviro, Thermax Bioenergy sign MoU with Danish firm to boost India’s CBG production
    Anand Gupta By Anand Gupta
    Sajjan Jindal’s JSW Steel sounds out banks for $750 million loan
    Anand Gupta By Anand Gupta
    President accords sanction to Rs 20,773 cr RE Transmission System Project in Ladakh
    Anand Gupta By Anand Gupta
  • Carbon Offset
    Carbon OffsetShow More
    Revealed: How Industry Lobbying is Reducing Nature to a Monopoly Board
    Anand Gupta By Anand Gupta
    OFFSETS PROMISE TO CUT CARBON FOOTPRINTS BUT CRITICS RAISE QUESTIONS
    Anand Gupta By Anand Gupta
    Carbon offsets bring new investment to Appalachia’s coal fields, but most Appalachians aren’t benefiting
    Anand Gupta By Anand Gupta
    Can clean cookstoves ride out the carbon markets storm
    Anand Gupta By Anand Gupta
    Carbon removal sector buoyed by strong growth in corporate demand
    Anand Gupta By Anand Gupta
  • Featured
    FeaturedShow More
    India will take up carbon tax issue ‘very strongly’ with the EU, says Piyush Goyal
    Anand Gupta By Anand Gupta
    Unpacking The Truth Behind Climate Change Predictions And Carbon Taxes
    Anand Gupta By Anand Gupta
    Ways for India to deal with EU carbon tax
    Anand Gupta By Anand Gupta
    Taking Carbon Tax Off Home Heating Drops Saskatchewan Inflation to Under Two Per Cent
    Anand Gupta By Anand Gupta
    Warming up to climate change: How does climate change impact extreme weather events?
    Anand Gupta By Anand Gupta
  • Net zero
    Net zeroShow More
    India’s net-zero target: Here’s what the govt needs to prioritise
    Anand Gupta By Anand Gupta
    Do Record Temperatures Mean Our Climate Goals And Net Zero Are Dead?
    Anand Gupta By Anand Gupta
    The dark cloud over Indonesia’s pledge to achieve net-zero emissions by 2060
    Anand Gupta By Anand Gupta
    Net-Zero Is Pulling the Plug on America’s Electrical ‘Life Support System,’ New Documentary Says
    Anand Gupta By Anand Gupta
    SAP’s Journey to Net Zero 2030
    Anand Gupta By Anand Gupta
  • Renewable Energy
    Renewable EnergyShow More
    Is Renewable Energy Actually Making Us Rely More on Fossil Fuels?
    Anand Gupta By Anand Gupta
    Countries to promise clean energy boost at COP28 to push out fossil fuels
    Anand Gupta By Anand Gupta
    The UAE has committed to assisting Malaysia in establishing a 10 GW renewable energy capacity, valued at $8 billion, by 2025
    Anand Gupta By Anand Gupta
    Renewable energy sources and energy waste reduction accounted for 25% of the state’s electricity needs last year, showcasing a substantial shift towards sustainable energy practices and environmental responsibility
    Anand Gupta By Anand Gupta
    The Ascendance of Renewable Energy: Exploring the Role of Electrification in Driving Sustainable Solutions
    Anand Gupta By Anand Gupta
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESGDaily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG
Aa
  • Climate Change
  • Sustainability
  • Business & Finance
  • Carbon Offset
  • Featured
  • Net zero
  • Renewable Energy
Search
  • Home
  • News
    • Sustainability
    • Featured
    • Carbon Offset
    • Net zero
    • Knowledge
    • Climate Change
    • Off Grid Solar
    • RoofTop & Distributed Solar
    • Technical
    • Manufacturing
    • Utility Scale RE
  • World
    • USA
    • UK
    • India
    • Europe
    • Middle East
    • Asia Pacific
    • North America
    • South America
    • Africa
  • Industries
    • Air Travel
    • Automobile
    • Banking
    • Cement
    • Energy
    • FMCG
    • Healthcare
    • Hospitality
    • IT & Computers
    • Shipping
    • Pharmaceuticals
    • Real Estate
    • Steel
  • More
    • Carbon Capture & Storage
    • Carbon Footprint
    • Carbon Tax
    • New Launches
    • Interviews
    • Job Opportunities
    • Policy & Regulations
    • Quarter Results
    • Research Reports
    • Tender
    • Web Stories

Top Stories

European Energy secures finance for wind, solar projects

Europe 23 November 2023

Microsoft inks carbon removal deal with offsets startup Chestnut

Carbon Offset 21 December 2023

Bill Gates Supports Stealth Startup with $91M Investment for Hydrogen Revolution

Carbon Offset 21 July 2023
Have an existing account? Sign In
Follow US
Copyright © Ruby Theme Ltd. All Rights Reserved.
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG > Blog > Carbon Offset > Carbon offsetting, Kyoto protocol and NDCs: a Cop28 jargonbuster

Carbon offsetting, Kyoto protocol and NDCs: a Cop28 jargonbuster

Anand Gupta
Last updated: 2023/11/30 at 7:20 AM
By Anand Gupta
Share
10 Min Read

In Short : As the international community comes together for the 28th United Nations Climate Change Conference (Cop28), understanding some key terms and concepts related to climate action is essential. In this jargonbuster, we’ll explore the meanings behind three important terms: carbon offsetting, Kyoto Protocol, and NDCs.

In Detail : As global leaders ready for the climate meeting in the UAE, here are some of the most common terms and what they mean

Cop28 will be the 28th conference of the parties to the UN framework convention on climate change (UNFCCC), the parent treaty to the 2015 Paris agreement. It takes place in the United Arab Emirates, a major oil-producing country, against a backdrop of record high temperatures, described by one scientist as “gobsmackingly bananas”; a fresh high for annual greenhouse gas emissions; and rising geopolitical tensions. More than 70,000 people are expected to attend, with the likelihood of a record number of businesses represented – including large numbers of fossil fuel executives.

Delegates will be expected to debate a phaseout – or perhaps only a phasedown – of fossil fuels; the future of finance for the most vulnerable countries stricken by climate damage, known as loss and damage; the global stocktake, an assessment of progress under the Paris agreement; how to reduce methane emissions; and help for poor countries to adapt to the impacts of extreme weather. There will also be special days focusing on food and health.

UNFCCC

The UN framework convention on climate change, signed in 1992 at the Rio Earth summit, binds all of the world’s countries – bar a handful of failed states – to “avoid dangerous climate change”. However, it did not set out in detail how to do so.

Kyoto protocol

The first attempt to turn the UNFCCC’s resolution into action was the 1997 Kyoto protocol, which set targets on emissions cuts for each developed country, stipulating a 5% cut in global greenhouse gases overall by 2012. Developing countries, including China, were allowed to increase their emissions. However, the protocol immediately ran into trouble when the US, which signed the treaty under Bill Clinton, could not ratify it owing to opposition in Congress.

The protocol eventually came into force without US backing in 2005,
but by then was largely irrelevant, so countries set out on the long journey to a new treaty that would fulfil the UNFCCC aims, resulting in the 2015 Paris accord.

The Paris agreement

Forged at a historic summit in December 2015, this marked the first time developed and developing countries agreed to limit greenhouse gases in order to stay within set temperature limits. The main goal of the Paris agreement is to limit global heating to “well below” 2C above pre-industrial levels, while “pursuing efforts” to stay within the lower, safer threshold of 1.5C. Countries set out targets to stay within those limits, in the form of nationally determined contributions (NDCs).

NDCs

Nationally determined contributions are national plans containing targets on emissions cuts, usually pegged to 2030, and some details on how they will be met. They form the heart of the Paris agreement. In the negotiations leading up to the Paris summit, countries were reluctant to accept “top-down” targets such as those contained in the Kyoto protocol, which set a global goal for emissions reduction then divided up the cuts needed among the developed countries. Instead, they opted for each government offering the emissions reductions it thought feasible.

However, this resulted in a set of NDCs submitted at Paris that would result in catastrophic heating of more than 3C. So the Paris agreement contains a “ratchet” mechanism by which every five years countries must return to the negotiating table with fresh commitments, to bring emissions in line with the overarching temperature targets.

At Cop26 in Glasgow, countries agreed to hasten the ratchet, asking for new pledges every year instead of just every five years.

1.5C

The Paris agreement contains two key goals, of limiting global heating to “well below” 2C, while “pursuing efforts” to limit temperature rises to 1.5C above pre-industrial levels. These temperature goals have their roots in reports by the Intergovernmental Panel on Climate Change. The 2007 IPCC fourth assessment report suggested the world was likely to warm by at least 1.8C, even if measures were taken to limit emissions, and by 4C if emissions went untrammelled. Keeping warming to about 2C was regarded as the outer limit of safety, beyond which the impacts of climate breakdown – heatwaves, droughts, floods, sea level rises, fiercer storms and other extreme weather – would become catastrophic and irreversible.

Some big emitters, including China, argued 2C was the only realistic limit and opting for a lower goal would be economically difficult. However, small island states pointed to science showing they were likely to be inundated by sea-level rises and storm surges at warming above 1.5C. The conflict was eventually resolved in the compromise of two goals at Paris. A further IPCC report in 2018 found extreme weather and severe impacts from even a 1.5C rise, so for Cop26 the UK hosts made “keeping 1.5C alive” the core aim of the conference.

Net zero

This basically means reducing greenhouse gas emissions as far as possible and then offsetting any remaining irreducible emissions – for instance, from industrial processes that emit CO2, or sectors such as aviation where alternative technologies are not available – by fostering carbon sinks, such as forests. The concept has come under attack from campaigners who argue that some companies and governments are using net zero as a fig leaf by assuming they can offset emissions rather than reducing them.

Loss and damage

One of the most contentious issues at Cop28 will be loss and damage. This refers to the most devastating ravages of extreme weather, so great that no amount of adaptation can help with them. Examples include hurricanes and typhoons, the devastating floods that hit Pakistan in summer 2022, or the droughts afflicting swathes of Africa.

Recovery from such devastation can take years, if it is ever achieved, and the infrastructure of developing countries, services such as health and education, and their chances of improving people’s circumstances can suffer permanent damage. The world’s poorest countries, which have done least to cause the climate crisis, are most at risk.

In the past, some experts characterised loss and damage as a form of compensation or reparations for poor countries. However, this was unacceptable to developed and large developing countries, which refused to sign legal agreements potentially leaving them liable for unlimited future costs. So the discussion has moved on to loss and damage as a form of rescue and rehabilitation for the countries suffering most, differing from climate finance in that it does not apply to emissions cuts, and addresses broader social and development issues as well as the immediate impacts of extreme weather.

Global stocktake

Under the Paris agreement, nations are required to measure the progress made towards the emissions cuts needed to ensure the world stays within the temperature limits of the treaty. This five-yearly process is scheduled to begin this year, with the first ever global stocktake, a comprehensive assessment of countries’ progress – or lack of it.

The essential parts of the global stocktake have already been published, and they contain little of surprise. The world is far off track to meet the Paris goals, and drastic action is needed urgently in order to cut emissions in line with scientific advice.

However, one important element of the global stocktake is that it can be forward-looking – rather than just a look at what has happened, the process will also advise on what needs to be done now. Governments are not scheduled to make the next revisions to their NDCs until 2025, but the global stocktake should inform what those revisions must be.

Mitigation

Within the context of the UNFCCC, mitigation means the reduction of greenhouse gas emissions.

TAGGED: Carbon Offsetting, COP28

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Twitter LinkedIn Reddit Email Copy Link

Categories

  • Africa
  • Air Travel
  • Asia Pacific
  • Australia
  • Austria
  • Automobile
  • Bahrain
  • BANGLADESH
  • Banking
  • Battery
  • Brazil
  • Business & Finance
  • California
  • Canada
  • Carbon Capture & Storage
  • Carbon Footprint
  • Carbon Offset
  • Carbon Tax
  • Cement
  • Chile
  • China
  • Climate Change
  • Denmark
  • Editors Choice
  • Egypt
  • EMobility
  • Energy
  • Energy Storage
  • Europe
  • Featured
  • Finland
  • FMCG
  • France
  • Germany
  • Healthcare
  • Hospitality
  • Hydrogen
  • India
  • Interviews
  • IT & Computers
  • Italy
  • Laos
  • Malaysia
  • Manufacturing
  • Mexico
  • Middle East
  • Morocco
  • Net zero
  • New Launches
  • New Zealand
  • North America
  • Off Grid Solar
  • Oman
  • Pharmaceuticals
  • Philippines
  • Policy & Regulations
  • Quarter Results
  • RE100
  • Real Estate
  • Renewable Energy
  • Research Reports
  • RoofTop & Distributed Solar
  • Saudi Arabia
  • Shipping
  • Singapore
  • South Africa
  • South America
  • South Korea
  • Spain
  • Steel
  • Sustainability
  • Taiwan
  • Tender
  • UAE
  • UK
  • USA
  • Utility Scale RE

Related Strories

Carbon Offset

Revealed: How Industry Lobbying is Reducing Nature to a Monopoly Board

By Anand Gupta 24 February 2024
Carbon Offset

OFFSETS PROMISE TO CUT CARBON FOOTPRINTS BUT CRITICS RAISE QUESTIONS

By Anand Gupta 23 February 2024
Carbon Offset

Carbon offsets bring new investment to Appalachia’s coal fields, but most Appalachians aren’t benefiting

By Anand Gupta 21 February 2024
Carbon Offset

Can clean cookstoves ride out the carbon markets storm

By Anand Gupta 16 February 2024
Show More

Get Insider Tips and Tricks in Our Newsletter!

  • Stay up to date with the latest trends and advancements in AI chat technology with our exclusive news and insights
  • Discover and download exclusive chatbot templates, scripts, and other resources.
  • Other resources that will help you save time and boost your productivity.
Daily News on Net Zero, DeCarbonisation, Carbon Neutrality, Sustainability, Climate Change, ESG

We want to live on a healthy, peaceful planet. A planet where forests flourish, oceans are full of life and where once-threatened animals safely roam. Where our quality of life is measured in relationships, not things we have or own.

Quicklinks

  • Contact Us
  • Blog Index
  • Complaint
  • Advertise

Company

  • Privacy Policy
  • Legal Stuff
  • Manage Cookies
  • Terms and Conditions
  • Partners

Follow Socials

All copyrights reserved at CO2 to Net Zero Solutions India Pvt Ltd

Social Chat is free, download and try it now here!

Welcome Back!

Sign in to your account

Lost your password?