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NZ Market: NZUs jump to record highs ahead of govt ETS announcement

Published 07:04 on December 11, 2018  /  Last updated at 01:55 on December 12, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Tuesday jumped to an all-time high as traders went into bullish mode on news that the government will announce the first trance of its ETS reforms on Wednesday.

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COP24: Roundup for Monday, Dec. 10

Published 16:08 on December 10, 2018  /  Last updated at 23:35 on December 10, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

The COP24 climate summit in Katowice, Poland has shifted into high gear this week with the arrival of ministers, taking over from government officials who last week made limited progress on the Paris Agreement rulebook.

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New Zealand to announce first tranche of ETS reforms on Dec. 12

Published 06:23 on December 10, 2018  /  Last updated at 23:40 on December 10, 2018  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government will announce a first set of decisions on reforming its emissions trading scheme on Dec. 12, it said Monday.

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Australia sees minor burst of offset project registrations ahead of ERF auction

Published 12:07 on December 9, 2018  /  Last updated at 01:06 on December 11, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator approved 18 new offset projects over the past week amid a minor rush by developers to qualify in time for the coming week’s Emissions Reduction Fund (ERF) auction.

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UPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA

Published 19:50 on December 7, 2018  /  Last updated at 13:29 on December 9, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central, Voluntary Market  /  No Comments

Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.

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COP24: Asian Development Bank launches ITMO pilot support for SE Asia

Published 19:35 on December 7, 2018  /  Last updated at 00:27 on December 8, 2018  /  Asia Pacific, Climate Talks, International, New Market Mechanisms  /  No Comments

The Asian Development Bank (ADB) has teamed up with Germany and Sweden to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.

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ECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+

Published 18:22 on December 6, 2018  /  Last updated at 18:22 on December 6, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).

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Australian carbon market for industry likely to be short from day one, analysts find

Published 08:06 on December 6, 2018  /  Last updated at 08:06 on December 6, 2018  /  Asia Pacific, Australia  /  No Comments

A baseline-and-crediting scheme for industrial emitters under a ramped-up Safeguard Mechanism featuring targets in line with the Labor party’s climate target would be short from the outset, with demand rapidly increasing over the next decade, a report found Thursday.

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COP24: Article 6 text slashed in half as UN talks begin in earnest

Published 19:07 on December 5, 2018  /  Last updated at 21:53 on December 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central  /  No Comments

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.

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COP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open

Published 21:38 on December 4, 2018  /  Last updated at 02:07 on December 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US  /  No Comments

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

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