“Logical” for EU to extend suspension of extra-European flights from ETS -EU official
It would be “logical” for the EU to extend its suspension of extra-European aviation emissions from regulation under its carbon market for several years, at least until ICAO’s global scheme is able to be evaluated, the EU’s top climate official said on Wednesday.
Read MoreEXCLUSIVE: MEPs back raiding aviation’s free carbon allowances to help EU industry
European lawmakers across several major political groupings want to slash the number of carbon allowances airlines get for free under the EU ETS and transfer the tens of millions of units to industry, a senior MEP told Carbon Pulse.
Read MoreBRIEFING: How President Trump’s climate policy axe may fall
Now that the dust has settled following Tuesday’s US election and a climate change sceptic has been put in charge of the EPA, it’s becoming ever clearer that US climate efforts will be one of the main policy areas to be targeted by a Trump presidency and all-Republican legislature.
Read MoreCDM board eyes batch of recent climate deals in hunt for new demand sources
The CDM Executive Board at its latest meeting continued to hunt for potential sources of future demand, eyeing the recent aviation, shipping and HFC deals as well as a potential increase in voluntary cancellations of CDM offsets.
Read MoreBusiness, investors detached from international carbon trade as obstacles stack up
The cost-saving benefits of international carbon trade remain largely theoretical as a lack of ambition, political will and clarity over rules limit the opportunities for businesses and investors.
Read MoreCARBON FORWARD: ICAO offset demand seen huge, but credit quality counts
Following last week’s ICAO agreement over its new global offsetting scheme for airlines, attention by many has now shifted to the finer details such how corporate strategies will have to change and what eligibility criteria will be applied to carbon credits.
Read MoreEU lawmakers dismayed by ICAO aviation deal but wary of sector’s full return to ETS
EU Parliamentarians gave only limited praise to ICAO’s global carbon offsetting scheme for aviation on Wednesday, but stopped short of advocating for the full reinstatement of extra-European flights in the bloc’s carbon market.
Read MoreBRIEFING: CORSIA – The world’s first global sectoral carbon market mechanism
After six years of negotiations, in Oct. 2016 191 governments agreed at the UN aviation body ICAO on the design elements of a global market-based measure for international aviation.
Read MoreAirlines’ voluntary offset schemes expected to fade away in wake of CORSIA
Voluntary programmes run by airlines to encourage passengers to offset their carbon footprint are likely to dwindle as ICAO’s carbon market takes shape, according to industry officials.
Read MoreAirline focus shifts to Brussels as ICAO deal triggers scrutiny
EU lawmakers took a cautiously wary view of ICAO’s global aviation emissions deal on Thursday, while European airlines urged the bloc to take a “fresh look” at its own regulation under the EU ETS.
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