ECO is concerned to see that the L.6 adopted ADP text leaves open the option of continuing to generate and trade offset credits. To keep global average temperature increase to 1.5ºC or less—and ECO is excited to see support from new quarters on this imperative—we should phase out all fossil fuel emissions no later than 2050. Using offsets is like ‘shuffling deck chairs on the Titanic’. Delaying action might be OK for ships sailing in iceberg-free waters. But iceberg-free waters are what we’re in Paris to avoid. And offsets effectively reduce the ambition of the cap they are applied to. … Continue reading Shuffling Deck Chairs on Iceberg-free Waters