The European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) poses a significant threat to South Africa’s economy. If other nations follow suit, the country could lose 350,000 jobs and 10% of its GDP.
Month: September 2024
Featured Video: Exploring the Evolution of Climate Adaptation Strategies by ACMI
We’re excited to share a new video produced by ACMI (African Climate Markets Initiative), titled “The Evolution of Climate Adaptation Strategies”, which is now available on their YouTube channel. This episode provides insightful coverage of the most pressing climate challenges and highlights innovative solutions that organisations and communities across Africa are adopting to adapt to the rapidly changing environment.
In this video, you’ll learn about:
- The key drivers of climate adaptation and why it’s critical for sustainable development.
- Real-world examples of adaptation in action, showcasing how both rural and urban areas are transforming.
- The role of policy frameworks and how local initiatives can scale up to national and global levels.
- A special feature on Credible Carbon at 10:15, highlighting their impactful work in supporting carbon projects across Africa.
Watch the video here and stay tuned for more updates on how organizations like ACMI are contributing to a more resilient and sustainable future.
Rising seas, sinking shores — How the V&A Waterfront is bracing for impact
Rising sea levels and increased storm events are increasingly threatening coastlines worldwide, and Cape Town, with its extensive coastline, may be particularly vulnerable. Coastal tourism, a vital part of the city’s economy, is expected to be significantly affected in the years leading up to 2050 and beyond.
Changes to carbon offset regulations ‘a welcome development’
The renewable energy industry has welcomed a move by the National Treasury to increase the threshold for renewable energy projects that are eligible for the carbon offset allowance.
The amendments would see the qualifying threshold for eligible renewable energy projects increased from 15MW to 30MW installed capacity for purposes of the carbon offset allowance that allows companies to offset a portion of their carbon tax liability through the purchase of carbon credits.
AI analysed 1,500 policies to cut emissions. These ones worked
Researchers used machine learning to analyse roughly 1,500 climate policies and identify those that have drastically reduced carbon emissions. Their study, published in Science today, found that policies that combine several tools are more effective in slashing emissions than are stand-alone measures
Canada wildfires last year released more carbon than several countries
Wildfires that swept Canada’s woodlands last year released more greenhouse gases than some of the largest emitting countries, a study found on Wednesday, calling into question national emissions budgets that rely on forests to be carbon stores.
BRICS Move Forward With Common Carbon Markets Plans
The five BRICS nations have signed an MOU that sets up conditions for a partnership between the members of the block to establish joint carbon markets projects and targets.
Russian Economic Development Minister Maxim Reshetnikov underscored the unified position of the BRICS nations against unilateral green protectionist measures. “All BRICS countries oppose unilateral green protectionist measures by developed nations, as these harm the economies and supply chains of developing countries,” Reshetnikov stated.