Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 15/12/2019 09:03 
02.12.2019 05:27 News >> Carbon Markets Threaten People, Planet: NGO

Carbon Markets Threaten People, Planet: NGO

Tackling climate crisis requires total, radical, immediate shift away from fossil fuels, says environmental organization.

Carbon markets are the reemergence of a threat to the world that could obstruct action on climate change, according to a non-governmental organization.
"The world faces the reemergence of a threat that could derail urgent action on the climate crisis: Carbon markets are back on the table as a proposed 'solution' to reduce emissions," Friends of the Earth International (FoEI) said in a statement Sunday.
Ahead of the 2019 UN Climate Change Conference, known as COP25, to be held in the Spanish capital, Madrid, from Dec. 2-13, FoEI said we need an economic and political system that will serve the needs of people rather than profit.
"Tackling the climate crisis requires a total, radical and immediate shift away from fossil fuels and a huge flow of finance from the global North to the global South," it added.
Stating that although the world's attention will likely focus on the concerns of European countries instead of Latin America -- especially Chile, which is facing repression as well as climate-related problems -- FoEI stressed that the world should not forget their problems.
"Carbon market" refers to a market in which companies trade carbon emission allowances which aims to encourage them to limit their CO2 emissions.
Due to the "cap" and "offsetting" policies, the carbon market is highly criticized by environmental and climate activists as this technically offers continuance of carbon emitting which also makes it difficult to achieve the carbon emission targets that countries have committed to under the Paris Agreement. -



        Latest News
Malaysia: Nearly 4,000 Residents Evacuated After Floods -51 minutes ago...
Residents in Johor state placed in safe areas.
Tension Escalates Among Protesters, Police In Lebanon -51 minutes ago...
Protesters, police injured amid protests in capital.
9 Houthis Killed In Attack Against Yemeni Govt Forces -51 minutes ago...
17 rebels injured in attack on Ad Durayhimi district south of Al Hudayda.
Climate Protesters Occupy Airport In Netherlands -36 minutes ago...
26 Greenpeace, Extinction Rebellion groups arrested.
Bayern Munich Gets Back In Win Column In Bundesliga -6 minutes ago...
Bavarians hammers Bremen 6 1 at home after two consecutive defeats; Borussia Dortmund beat Mainz 4 0 away.

 
      Top News
Tension Escalates Among Protesters, Police In Lebanon Tension Escalates Among Protesters, Police In Lebanon
Syria: YPG/PKK Manipulates Locals Against Turkey Syria: YPG/PKK Manipulates Locals Against Turkey
Dahlia: UAE Agent, Plotter Against Peoples' Will Dahlia: UAE Agent, Plotter Against Peoples' Will
Algeria's New President: Longtime Official Who Praised Protests Algeria's New President: Longtime Official Who Praised Protests
Turkey: Parliament Condemns US Motion On 1915 Events Turkey: Parliament Condemns US Motion On 1915 Events
Azerbaijan Slams US Resolution On Armenian Claims Azerbaijan Slams US Resolution On Armenian Claims
Trumps Says US, China Reach 'Phase One' Trade Deal Text Trumps Says US, China Reach 'Phase One' Trade Deal Text
Turkish Aid Body Promotes Sport Among Girls In Pakistan Turkish Aid Body Promotes Sport Among Girls In Pakistan
Turkey's Ruling Party Slams US Move On Armenian Events Turkey's Ruling Party Slams US Move On Armenian Events
Turkey Remains World's Largest Flour Exporter Turkey Remains World's Largest Flour Exporter