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The report analyzes the design and operational experiences of various emissions trading systems, including the EU ETS, RGGI, WCI, NZ ETS, TMG ETS, and the Australian CPM. It highlights key design trade-offs regarding coverage, allowance distribution, and price management, while emphasizing that the EU ETS experience demonstrates that over-allocation does not necessarily preclude abatement. The document also provides a toolkit for policymakers to assess the environmental and economic effectiveness of such systems.

The COP18 summit in Doha resulted in incremental progress, primarily the agreement of a second commitment period for the Kyoto Protocol (KP2) from 2013 to 2020. While the EU and several other nations committed to an average emission reduction of 18% below 1990 levels, major emitters including the US, China, Russia, Japan, Canada, and New Zealand did not approve or opposed the commitment. The summit failed to establish a concrete roadmap for the $100 billion annual climate finance target for 2020, though it introduced a new agreement to establish an international mechanism for "loss and damage" by COP19. The document highlights ongoing tensions regarding the principle of common but differentiated responsibilities and respective capabilities (CBDR-RC) and the dispute over "hot air" carbon credits, particularly involving Poland and the EU.

The document examines how Taiwan can engage with international carbon markets despite not being a party to the UNFCCC or the Kyoto Protocol. It analyzes formal eligibility requirements and material 'market readiness' conditions across various systems, including the EU ETS, RGGI, WCI, and others. The study suggests that while formal treaty-based access is restricted, Taiwan can utilize indirect participation, bilateral cooperation, and the development of a robust domestic cap-and-trade system with absolute targets to facilitate future linkage.

The report analyzes a diverse array of cap-and-trade systems, from the established EU ETS to emerging pilots in China and South Korea. It argues that the success of these markets depends heavily on long-term political commitment, robust data collection, and centralized decision-making to avoid over-allocation. The authors highlight a shift in the center of carbon market activity toward Asia-Pacific economies, which are experimenting with novel scopes including buildings and indirect emissions.

The briefing argues that any ICAO market-based measure must rely on stringent requirements to ensure emissions reductions are real, permanent, additional, and verified. It recommends that only UNFCCC-guided offset credits be eligible, while specifically advising against the use of Joint Implementation (JI) credits, voluntary market offsets, and bilateral mechanisms due to quality and oversight concerns. Furthermore, it warns that any cap-and-trade system must avoid over-allocation and prohibits the use of surplus allowances from oversupplied schemes like the EU ETS to maintain environmental integrity.

The document provides a detailed breakdown of climate finance pledges from various developed nations and the European Union, detailing the amounts pledged, the actual allocations made, the channeling institutions used, and the countries' positions on whether the funds are 'new and additional' to existing Official Development Assistance (ODA).

The document outlines the two primary forms of carbon pricing: emissions trading schemes (ETS) and carbon taxes. It details the European Union Emissions Trading Scheme as the world's largest, alongside regional programs like the RGGI in the US and the Tokyo Cap and Trade Program. It also lists numerous national carbon taxes, noting Finland as the first to introduce one in 1990, and describes hybrid systems in Australia and New Zealand.

The report argues that the EU ETS is failing due to a massive oversupply of allowances caused by the 2008 economic recession and industrial overallocation. Sandbag identifies a total excess of 3.1 billion tonnes (Gt) of allowances, including 2.2Gt from obsolete demand forecasts and 0.9Gt from industrial overallocation. The document highlights that 78% of the net surplus is concentrated among ten steel and cement companies, which have generated significant revenues from selling surplus permits. To remedy this, the report recommends the permanent cancellation of 3.1Gt of allowances from Phase 3 auctions, the establishment of a more ambitious Phase 4 carbon budget aligned with 2050 goals, and the introduction of mechanisms like a "heat exchanger" and a strategic demand-correction reserve to protect the system from future exogenous shocks.

The document analyzes the first official recognition of agriculture by the UNFCCC at COP 17 in Durban. It reviews submissions from 21 parties to the SBSTA, highlighting a tension between developed countries' focus on scientific mitigation and developing countries' priority on adaptation and food security. The briefing argues that agriculture requires a unique approach to emission reductions—potentially based on efficiency per unit of production—due to the necessity of increasing food supplies for a growing global population. It identifies key points of divergence, including trade implications and the role of smallholder farmers, while suggesting areas of consensus such as the link between agriculture and food security.

Australia and New Zealand are increasing their diplomatic and economic engagement with the African Union and African nations. Australia is leveraging its experience in mining, agriculture, and forestry, while New Zealand focuses on agriculture and peace operations. Both nations are seeking support from African states for non-permanent seats on the UN Security Council, with Australia campaigning for the 2013-14 term and New Zealand for the 2015-16 term.

The report evaluates the first two phases of the EU ETS, finding that while it successfully capped emissions, its actual abatement impact was modest (40–80 MtCO2/yr) and heavily influenced by the 2008-2009 financial crisis. It notes that the system failed to drive large-scale long-term low-carbon investment due to price volatility and over-allocation. The analysis also highlights significant 'windfall profits' in the power and industrial sectors resulting from free allowance allocations and the pass-through of carbon costs to consumers. The document concludes by suggesting strengthening measures such as price floors and set-asides, and reviews similar emerging schemes in jurisdictions like Australia, China, and the USA.

The document reports on a side event at the 17th Conference of the Parties to the UNFCCC in Durban, where delegates and experts discussed the economic and environmental benefits of phasing out fossil fuel subsidies. It highlights the disparity between the US$100 billion Green Climate Fund and the US$400–600 billion in annual global fossil fuel subsidies. The report details the activities of the 'Friends of Fossil Fuel Subsidy Reform' group, the challenges of political economy in implementing reforms, and proposals to integrate subsidy reform into Nationally Appropriate Mitigation Actions (NAMAs) and the Rio+20 conference.

The document highlights that the agriculture sector is exceptionally vulnerable to climate extremes due to its dependence on natural resources. It argues that disaster risk is increasing not only due to climate change but also because more vulnerable people and assets are exposed to these events. The brief advocates for a shift from short-term coping mechanisms to long-term transformational approaches, such as 'climate-smart agriculture', and emphasizes the need for integrated national disaster risk management systems that combine local knowledge with scientific data.

The document addresses the historical lack of transparency in investor-state arbitrations, noting that this opacity often results from treaties being silent on confidentiality. It highlights a growing trend where states are inserting specific transparency provisions into their treaties to increase public access to information. The text focuses on the approaches of specific nations including Canada, the United States, Chile, Singapore, Australia, and New Zealand, as well as regional agreements like NAFTA and COMESA.

The document examines the conflict between developed and developing nations regarding the integration of agriculture into climate agreements. It highlights fears from G-77 countries that internationally agreed 'good practice' standards for agricultural emissions could be used as unilateral trade barriers or non-tariff restrictions. The report also addresses concerns over food security, price increases, and opposition to market-based mitigation mechanisms, suggesting that referencing Article 3.5 of the Convention may provide a viable legal compromise to build trust and advance negotiations.

The document examines how unilateral carbon pricing creates production cost variations that may lead to 'carbon leakage'—the relocation of production to regions with less stringent environmental standards. It analyzes policy mechanisms to mitigate these risks, such as free allowances and Border Carbon Adjustments (BCAs), while highlighting the industry's strategic role in providing essential materials for low-carbon infrastructure. The brief argues that because the mining and metals sector is emissions-intensive and trade-exposed, policy design must account for specific commodity characteristics and long investment cycles to avoid jeopardizing economic viability and environmental integrity.

The report examines the role of US forests and forest products in mitigating climate change, emphasizing that a rational policy must look beyond simple sequestration to include the carbon storage and substitution benefits of harvested wood. It analyzes forest carbon stocks and flows, the impact of climate-driven disturbances like wildfire and pests, and the life-cycle carbon benefits of using wood instead of steel or concrete. The authors critique the high transaction costs and measurement uncertainties of project-based carbon offsets, suggesting alternative policies such as information disclosure and updated building codes to promote the use of sustainable forest products.

The paper examines the instrumental link between income inequality and social trust, which is considered essential for the collective action required for sustainability. Using a generalized linear mixed model (GLMM) on World Values Survey data from 20 country-year combinations, the author finds that both absolute income and income inequality significantly influence social trust. Specifically, trust rises with income but falls as income inequality (measured by the Gini coefficient) increases. The analysis suggests that neither economic growth nor redistribution alone is sufficient to significantly raise trust levels in low-trust societies; instead, a combination of stable growth and narrowing income distributions over approximately two decades is required to produce meaningful changes in social cohesion.

The report denounces the Principles for Responsible Agricultural Investment (RAI) as a mechanism to legitimise 'land grabbing' by corporations and governments. It argues that voluntary guidelines cannot remedy the systemic human rights violations, environmental destruction, and food insecurity caused by large-scale land acquisitions, which it claims are driven by financial speculation rather than food security. The authors call for an immediate ban on large-scale land transactions, the return of misappropriated lands to communities, and a transition toward food sovereignty based on peasant agriculture and agroecology.

Friends of the Earth International and a coalition of social movements denounce the 'Responsible Agricultural Investment' (RAI) principles promoted by the World Bank and other international agencies. The document asserts that these voluntary guidelines serve as a 'moral facade' for financial speculation and corporate land grabbing, which lead to forced evictions, water privatization, and the destruction of small-scale farming. It calls for the immediate suspension of land grabs, the return of stolen lands, and a transition toward food sovereignty based on agroecological methods and genuine land reform.