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Thursday, January 9, 2014

What climate action can we expect in 2014? - First, there seems to be more effective pressure from activists and fractivists to fight fossil fuel subsidies worldwide. While 80% of humanity lives on less than $10 a day, unnecessary, wasteful fossil fuel subsidies benefiting profitable polluters such as the oil and gas or the steel industries amount to $5 billion a day (!). Second, climate action is increasingly dependent on the private sector (which already accounts for 62% of climate finance flows according to the Climate Policy Initiative) and crystallized around carbon pricing: According to the Brookings Institute, from 2013 onward, 3 billion people in 36 countries, 11 sub-national jurisdictions in the United States and Canada, and seven cities and provinces in China (and from 2016, all of China) are covered by Emissions Trading Schemes. Other countries are considering market options or have already implemented them, for example India via the introduction of traded renewable energy certificates. The private sector likely will be implementing more climate friendly projects, incentivised by renewable energy support or its mirror image, decreasing fossil fuel subsidies.. Comment - Voices - The Independent

 "China encapsulates this fundamental shift in climate policy dynamics.  Still pounding the tables at the UN Climate Talks with 20-year old policy positions which put other delegates to sleep, its climate action at home has been nothing short of majestic:  Chinese public opinion has forced multiple steps to be adopted to combat local air pollution (including potentially sentencing very bad actors to death), economic growth is increasingly becoming secondary to its people’s health and for good measure, it is unveiling the largest carbon pricing initiatives (both carbon markets and carbon taxes) in the world." CLICK LINK TO READ FULL ARTICLE What climate action can we expect in 2014? - Comment - Voices - The Independent:

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