What are science-based emission targets?
Science-based targets are a set of goals developed by a business to provide it with a clear route to reduce greenhouse gas emissions. An emissions reduction target is defined as ‘science-based’ if it is developed in line with the scale of reductions required to keep global warming below 2C from pre-industrial levels.
What makes the project eligible for CDM benefit?
Article 12 of the Kyoto Protocol stipulates three principal eligibility criteria for CDM projects: Projects must result in “real, measurable and long-term benefits related to the mitigation of climate change”.
How do CDM projects work?
The CDM allows emission-reduction projects in developing countries to earn certified emission reduction ( CER ) credits, each equivalent to one tonne of CO2 . These CER s can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.
How do you set an emissions reduction target?
Setting a science-based target is a five-step process:
- Commit: submit a letter establishing your intent to set a science-based target.
- Develop: work on an emissions reduction target in line with the SBTi’s criteria.
- Submit: present your target to the SBTi for official validation.
How do you establish a science-based target?
Take these 9 steps to demystify science-based targets
- Know the targets.
- Make the case.
- Know the methods.
- Know the data.
- Learn the methodologies.
- Set the target.
- Validate the target.
- Communicate the target.
Who can implement CDM project?
2. Who can enter CDM projects? CDM projects can involve all sectors of society – government, non-profit, business and private citizens – in cooperation between Annex I and non-Annex I countries, provided that they are legal entities in their country.
What will be discussed at COP25?
What is the EU doing to protect Oceans? Chile plans to use this year’s UN climate talks to focus attention on the world’s most important regulator of our climate – the oceans. The COP25 will specifically discuss the role of our oceans and the opportunities to find climate solutions and opportunities for action.