The science of climate change
To understand the framework in which carbon markets operate, it is important to first have some understanding of the science of climate change.
A natural phenomenon
The greenhouse effect is a natural phenomenon that maintains an average temperature of 15°C allowing for the existence of life on Earth. It is the result of the natural presence of Greenhouse Gases (GHG’s), which trap part of the sun’s heat in our atmosphere.
Human activity and climate change
Human activity has significantly altered the concentration of GHG’S.
Most scientific research shows that we are fast approaching the critical threshold where average temperatures are likely to rise by 2°C or more
Without immediate and significant action we stand on the precipice.
We are hovering at the edge of dangerous climate change tipping points. Despite the UN framework convention on climate change (unfccc) global emissions have continued to increase and have even accelerated
Anderson K. & A. Bows