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Voluntary carbon market stakes claim to thrive in Paris era

Published 21:32 on June 14, 2019  /  Last updated at 22:05 on June 14, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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EU airlines face CORSIA uncertainty as states order MRV rule re-write

Published 21:18 on June 13, 2019  /  Last updated at 21:18 on June 13, 2019  /  Aviation, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.

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ICAO targets Feb. 2020 for first CORSIA offset unit recommendations

Published 19:12 on June 10, 2019  /  Last updated at 19:12 on June 10, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.

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Top EU ETS emitter Ryanair to publish monthly CO2 data

Published 19:25 on June 5, 2019  /  Last updated at 19:25 on June 5, 2019  /  Aviation, EMEA, EU ETS, International  /  No Comments

Ryanair, the largest emitting airline in the EU ETS, will start publishing monthly CO2 emissions output data, it said on Wednesday.

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REDD criticism should not affect California’s Tropical Forest Standard, advocates say

Published 23:50 on June 3, 2019  /  Last updated at 23:50 on June 3, 2019  /  Americas, Aviation, Canada, International, Mexico, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

California’s Tropical Forest Standard (TFS) is unlikely to see an erosion in support due to a recent media report’s critique of REDD-eligible credits, because the proposal would mitigate most of the flaws that could occur with individual offset projects, two environmental advocates said.

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EU spurns calls to use foreign carbon credits in its ETS, for now

Published 21:42 on June 3, 2019  /  Last updated at 05:27 on June 4, 2019  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The EU won’t use more foreign carbon credits in its carbon market, at least for the time being, Brussels officials said on Monday in response to calls for the bloc to reignite international emissions trade.

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ICAO to limit CORSIA meeting attendance to aviation programme’s technical body

Published 16:17 on May 24, 2019  /  Last updated at 16:39 on May 24, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO will restrict attendance at technical meetings for the CORSIA offsetting programme to members of the scheme’s 19-person advisory board, snubbing a central demand of environmental groups that have called for greater outside participation and transparency in developing the international carbon market.

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Green groups hoping for more CORSIA clarity at UN aviation body ICAO’s next session

Published 23:51 on May 21, 2019  /  Last updated at 23:51 on May 21, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Environmental organisations are calling on the technical advisor for the CORSIA global aviation offsetting mechanism to disclose more details in the coming weeks about its operating procedure and announce a call for programme applications.

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EU airline emissions could fall 11% under “negligible” tax, leaked report shows

Published 00:07 on May 14, 2019  /  Last updated at 01:26 on May 14, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS  /  No Comments

Taxing aviation fuel in the EU would cut the sector’s emissions by 11% while having only a “negligible” impact on GDP and jobs, according to a European Commission report leaked on Monday.

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