+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
The executive board for the Clean Development Mechanism (CDM) under the U.N. Framework Convention on Climate Change will meet Nov. 19-23 in preparation for two weeks of international climate negotations that begin Nov. 26 in Doha, Qatar.
CDM allows industrialized nations to receive greenhouse gas emissions reduction credits by investing in emissions-avoiding projects in developing countries.
However, as detailed in a Nov. 15 World Climate Change Reportarticle on a recent study prepared by the European Commission, CDM could eventually be succeeded by a system involving industrial sectors. Sectoral crediting would reward sectors or companies in developing countries with carbon allowances if they keep their emissions below a certain threshold. The allowances would accrue either to governments or to companies, in principle giving governments an incentive to introduce emissions reduction policies on a sector-by-sector basis, or giving companies an incentive to reduce their emissions through the adoption of new technology.
California Auction Results Expected
The results of California's first greenhouse gas emissions auction, including a list of qualified bidders, the number of allowances sold, and the settlement price, is expected to be made public Nov. 19. As covered in a Nov. 9 article, California offered more than 62 million greenhouse gas emission allowances during its Nov. 14 auction. The permits are needed by covered entities to comply with the state's cap-and-trade program. Before the auction, CARB set the floor price at $10 a ton and estimated the auction would raise about $600 million.
Summit in Bogota
Bogota, Colombia, will host a Nov. 19-21 summit on "Cities and Climate Change" to discuss actions Latin American cities can take to mitigate and adapt to climate change. The summit also is being hosted by the Latin American Development Bank and the French Embassy.
Columbia University Forum
"After Sandy: Climate and Our Coastal Future" will be the topic of a forum Nov. 19 at Coumbia University in New York. The forum is being co-sponsored by the Earth Institute and the World Leaders Forum.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).