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UK seeks views on aviation EU ETS changes that could carry net cost of up to £945 mln

Published 12:40 on December 8, 2017  /  Last updated at 12:40 on December 8, 2017  /  Aviation, EMEA, EU ETS, International  /  No Comments

The UK government has opened a consultation on the agreed amendments to the aviation EU ETS, measures it forecasts could carry a net cost of as much as £945 million to carriers, government, and society.

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ANALYSIS: Airlines face CORSIA cost hike as hunt for cheap CO2 cuts gathers pace 

Published 19:37 on December 5, 2017  /  Last updated at 04:20 on December 6, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Airlines face the prospect of rapidly rising prices for carbon offsets to meet their CORSIA goals as regulators dither on agreeing rules and countries forge their own climate policies.

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Australian airline launches first carbon neutral destination

Published 10:39 on December 5, 2017  /  Last updated at 14:34 on December 5, 2017  /  Asia Pacific, Australia, Aviation, Voluntary Market  /  No Comments

Australian airline QantasLink this week opened two new domestic routes for which it will offset all associated emissions through buying carbon credits generated from tree planting.

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IAG chief says airline climate goals insufficient as airlines seek EU ETS exit 

Published 19:42 on December 4, 2017  /  Last updated at 19:42 on December 4, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Aviation’s global climate goals are not enough in the long term, according to IAG boss Willie Walsh, who said the sector eventually faces being suppressed by governments if it cannot achieve environmental sustainability.

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Air New Zealand works with NZ government on new forest carbon fund

Published 10:16 on November 27, 2017  /  Last updated at 12:43 on November 27, 2017  /  Asia Pacific, Aviation, International, New Zealand  /  No Comments

Air New Zealand is working with the NZ government to assess setting up a new fund to drive investment in forest planting that would cut greenhouse gas emissions and generate carbon units.

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Chinese firm makes overseas acquisition to trade carbon in EU ETS, CORSIA

Published 09:52 on November 27, 2017  /  Last updated at 12:54 on November 27, 2017  /  Aviation, China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Voluntary Market  /  No Comments

Chinese trading firm Sovran has reached a deal to buy a NYSE-Euronext listed telecoms company, which it intends to use as a platform to trade carbon in the EU ETS and CORSIA aviation offset market.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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COP23: UN negotiators get ahead of themselves in Bonn CO2 trade talks

Published 18:00 on November 17, 2017  /  Last updated at 18:26 on November 17, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Negotiations on global carbon trade under the Paris Agreement edged ahead of other strands of the UN climate talks over two weeks in Bonn, boosting confidence that countries and companies seeking to use international CO2 deals will have rules in place well ahead of the pact’s 2020 start.

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UK slaps £800k in EU ETS non-compliance penalties on 30 companies

Published 17:52 on November 13, 2017  /  Last updated at 17:52 on November 13, 2017  /  Americas, Aviation, Bavardage, EMEA, EU ETS, International, Middle East, US  /  No Comments

Thirty-five UK-based big-emitting facilities and airlines, operated by 30 firms including energy company ConocoPhillips and investment bank Morgan Stanley, have been hit with more than £800,000 ($1.05 mln) in non-compliance fines related to the EU ETS.

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COP23: Kyoto rule could complicate CORSIA’s CDM sourcing -expert

Published 17:02 on November 13, 2017  /  Last updated at 21:13 on November 13, 2017  /  Aviation, Climate Talks, International, Kyoto Mechanisms  /  No Comments

UN aviation body ICAO is expected to allow the use of UN-issued CDM carbon credits under its CORSIA offset scheme, but those plans might face complications as approval under the UNFCCC or an amendment to the Kyoto Protocol might be necessary, an expert said Monday.

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