Tuesday, November 2, 2021
The COP26 climate summit in Glasgow between 1st and 12th November will bring world leaders, businesses and civil society actors together to accelerate action towards the goals of the Paris Agreement.
Compensate’s Chief Impact Officer Niklas Kaskeala and Head of Carbon Projects Eftimiya Salo will be attending the conference. Feel free to book a time via the calendly link for discussions, interviews and other activities or networking opportunities.
What’s at stake at COP26?
COP26 is arguably the most important climate summit since COP21 in Paris in 2015, when world leaders were able to agree on the Paris Agreement and it’s goal to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.
To have any chance of reaching the 1.5 degree goal, the world needs to almost halve greenhouse gas emissions in the next 8 years and reach net-zero emissions by 2050.
The success of COP26 will come down to negotiations on five make-or-break issues. These are mitigation, climate finance, carbon market mechanisms, nature based solutions and the phasing out of fossil fuels.
COP26 crucial for the future of carbon markets
The Article 6 of the Paris Agreement defines the role of international carbon markets in achieving the Paris Agreement goals. However the exact rules of these markets have not been agreed upon despite several attempts at previous COP gatherings. The rules of Article 6 are once again a central part of the negotiations at COP26.
As we operate in the Voluntary Carbon Market, Compensate will monitor closely and contribute to the discussions around Article 6. Much of the debate will come down to the integrity of the carbon accounting, making sure that each carbon credit is rigorously validated, isn’t double counted and that its contribution to global emissions reduction can be verified.
Compensate has been active in advocating for rigorous accounting rules and solving the double counting issue. This is on the top of the agenda for Compensate’s Chief Impact Officer Niklas Kaskeala and Head of Carbon Projects Eftimiya Salo in Glasgow.
Niklas Kaskeala (in Glasgow 6-10 November)
Niklas Kaskeala is Compensate’s Chief Impact Officer. Kaskeala oversees Compensate’s sustainability approach, carbon capture portfolio and advocacy efforts to reform the Voluntary Carbon Market.
Kaskeala is also the founder of Protect Our Winters Finland, the Finnish affiliate of the international Protect Our Winters movement, and has a long background in several environmental and development NGO’s.
Kaskeala has more than 15 years of experience in development, sustainability and climate change. Before joining Compensate in the summer of 2019, Kaskeala worked with the Crisis Management Initiative (CMI), Save the Children, and the global development expert Fingo.
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Eftimiya Salo (in Glasgow 7-12 November)
Eftimiya Salo is a Head of Carbon Projects at Compensate developing Compensate's sustainability approach and leading advocacy work on the reforms of the voluntary carbon market.
Salo is evaluating and selecting nature-based carbon projects and is monitoring research and practical applications in the field of carbon sequestration. Salo has a background in sustainability, corporate environmental management and environmental policy and law (M.Sc & L.L.M).
Before joining Compensate Salo has experience from the European Chemicals Agency and the International Renewable Energy Agency. In her latest master thesis (2019) Salo explored the feasibility of a domestic offset programme for reaching and going beyond the 2030 Effort Sharing Target in Finland, focusing on double counting and additionality issues.
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P.S. You can Follow Niklas' and Eftimiya's travel diaries on
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