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Fossil Fuels

The Environemental Integrity Group 

The Environmental Integrity Group (EIG) is a coalition of countries that was founded by Liechtenstein, Mexico, the Republic of Korea, and Switzerland and was established in September 2000. Monaco joined in 2001 and Georgia in 2017.

Stance on Fossil Fuels

The Environmental Integrity Group (EIG) advocates for a significant reduction by citizens and economies in the use of fossil-based materials and products, and practices that generate large greenhouse gas (GHG) emissions. Furthermore, the EIG supports decarbonization as some members have moved towards low-carbon development. The EIG believes that countries should strive to reduce the usage of raw materials and the exploitation of resources to achieve sustainable economic growth. Instead, the deployment of clean energy technologies should be incentivized and countries should move towards the use of renewable energy.

Market based solutions, such as carbon pricing and emissions trading, can be useful tools to reduce emission and have been implemented by multiple EIG countries. Still, the EIG believes that these markets based solutions must be balanced with regulatory measures to fully meet Nationally Determined Contributions (NDCs) under the Paris Agreement. The EIG furthermore emphasizes the importance of investment in technology and believes cooperation between the private and public sector, through public-private partnerships in climate finance flows is crucial. This entails the gradual elimination of incentives for fossil fuels, enhancements to grid infrastructure, and the provision of sufficient financial resources to developing countries.
 

The EIG is unique in its membership, and therefore has traditional carbon credit buyers (like Switzerland and Liechtenstein) and sellers (like Mexico and South Korea). This results in a very interesting and diverse perspective to international carbon market negotiations.

Further Reading

Authors

Maya Tomasovic, Paulien Koolhaas

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