Search

This study investigates the potential of utilizing carbon credits to finance innovative local energy communities in Europe, addressing a significant gap in academic literature. Despite the growing interest in voluntary carbon credits as a mechanism for offsetting carbon emissions, there is limited evidence connecting local energy systems to voluntary carbon markets. The study explores whether carbon credits could serve as a practical tool for funding the development of energy communities, contributing to sustainable energy transitions and climate mitigation strategies. The research employs a comprehensive methodology to assess the quality of carbon credit projects and examines ten innovative energy community projects in Europe. Key findings reveal there is potential for using carbon credits to finance energy community initiatives. However, challenges persist, particularly regarding financing barriers and the volatile nature of carbon markets. The study underscores the importance of policy support in establishing clear standards for voluntary markets and promoting the accessibility of carbon offsets. Furthermore, it suggests potential solutions such as pre-financing agreements and the utilization of carbon market derivatives to enhance project viability. Overall, the study offers insights into the intersection between voluntary carbon markets and local energy initiatives, providing a foundation for further research and policy development in the field of local sustainable development and climate change mitigation. [Display omitted] • Innovative local energy communities in Europe have significant carbon emissions reduction potential. • Carbon credit issuance could financially support the development of local energy initiatives. • Challenges persist in accessing financing and navigating volatile carbon markets. • Policy support is crucial in establishing clear standards for voluntary carbon markets. [ABSTRACT FROM AUTHOR]

Abstract This study reviews conservative political party policy positions in six European countries with high greenhouse-gas emissions (France, Germany, the Netherlands, Poland, Spain, and the U.K.). Using party platform statements from recent election campaigns, the positions of moderate conservative parties are compared with those of far-right political parties to investigate similarities and differences on energy-transition policy. Three areas of policy are considered: climate-change mitigation, fossil-fuel development or sunsetting, and renewable energy and energy efficiency development. In the countries examined, moderate conservative parties generally remain committed to climate-mitigation policy and renewable energy and energy efficiency policy, but there are some roll-backs of support, and there is variation in their support for fossil-fuel development. Far-right parties tend to show evidence of rejection of climate science, opposition to decarbonization in general, support for natural gas hydraulic fracturing technologies, support for continued use of coal, and opposition to some types of policy favorable to renewable energy and energy efficiency. However, some far-right parties, notably in France and Spain, share several important positions with the center-right parties. The study cautions against assuming an automatic linkage between far-right parties and opposition to energy-transition policies and against assuming that far-right parties will oppose all types of energy-transition policies. Highlights • Skepticism and rejection of climate science appears in some of the platforms of far-right Euroskeptic parties. • The far-right parties of Germany, the Netherlands, and the U.K. are strongly opposed to a range of energy-transition policies. • The far-right parties of France and Spain have more moderate positions that are close to center-right parties. • Far-right parties tend to be opposed to wind power but less so to energy efficiency and distributed solar. [ABSTRACT FROM AUTHOR]

The expected increased share of renewables due to the ongoing energy transition may reduce the estimated potential mitigation effect of wood. Here, we estimated the climate change mitigation effect for five scenarios of wood products use in Europe applying dynamic substitution factors embracing a future energy mix with an increasing share of renewables in accordance with the emission reductions necessary to achieve the Paris Agreement targets. Our innovative modelling approach also included the elimination of eternal recycling loops, the inclusion of more realistic wood use cascading scenarios, and adoption of a more realistic marginal (ceteris paribus) substitution approach. Results show that the mitigation effect derived from material substitution is 33% lower in 2030 than previously predicted, and even 96% lower in 2100, showing its expiry date by the end of the century. Nevertheless, the mitigation effect of wood product use, in addition to mitigation by forests, may represent 3.3% of the European emission reduction targets by 2030. [Display omitted] • A dynamic modelling approach was used to simulate carbon balance in wood products. • Policies should promote the use of long-lived wood products and cascade chains. • Mitigation effect from substitution 33% lower in 2030 than previously predicted. • Mitigation effect from substitution 96% lower in 2100 than previously predicted. • Mitigation by substitution has an expiry date by the end of the century. [ABSTRACT FROM AUTHOR]