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Russian firm issues carbon credits via blockchain platform

Published 19:16 on October 23, 2017  /  Last updated at 19:16 on October 23, 2017  /  Africa, Aviation, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Russian chemical company Khimprom has become the first domestic firm to get emission reductions certified, registered and issued on blockchain as part of a private sector-led effort to build a carbon trading hub in the country.

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EU lawmakers strike deal to keep alive prospect of regulating international flight emissions

Published 23:16 on October 18, 2017  /  Last updated at 23:18 on October 18, 2017  /  Aviation, EMEA, EU ETS, International  /  No Comments

EU lawmakers agreed a deal late Wednesday to extend the suspension of extra-European flights from the EU ETS but will hold a review of the UN’s CORSIA scheme at the end of 2023, which could see those routes become regulated once again under the bloc’s carbon market.

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Nations rebuff ICAO plan to set aviation biofuel goals on sustainability concerns

Published 21:04 on October 17, 2017  /  Last updated at 21:21 on October 17, 2017  /  Aviation, Climate Talks, International  /  No Comments

Governments have rejected a move by UN aviation agency ICAO to set non-binding goals for biofuel use by planes starting in 2025, with some arguing that there must first be agreement on what fuels are sustainable.

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Airlines, developers split on fate of passenger offset schemes in wake of CORSIA

Published 22:25 on October 4, 2017  /  Last updated at 22:25 on October 4, 2017  /  Aviation, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Airlines are divided as to whether the voluntary programmes they run to encourage passengers to offset their carbon footprint will dwindle or flourish as the international CORSIA compliance market takes shape.

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CARBON FORWARD: EU pushing for 2016 offset vintage limit as CORSIA rules start to take shape

Published 12:54 on October 2, 2017  /  Last updated at 12:59 on October 2, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Shipping, US, Voluntary Market  /  No Comments

The EU is pushing for the UN’s aviation offsetting scheme to accept only carbon credits generated from emissions reductions achieved after 2016, according to a senior European Commission official involved in the negotiations.

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CARBON FORWARD: Nations face GHG trade headaches as pledges, views differ

Published 18:24 on September 29, 2017  /  Last updated at 23:42 on September 29, 2017  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Negotiators face huge challenges to track emission cuts under the Paris Agreement because national pledges are so different and views vary over how to treat pre-2020 carbon credits.

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CARBON FORWARD: Voluntary demand steady but prices fall as market confronts Paris-era doubts

Published 00:06 on September 29, 2017  /  Last updated at 10:42 on September 29, 2017  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The voluntary carbon market is maintaining demand from corporate buyers but average prices are falling as developers work out the best way to secure their future under a global climate regime that may otherwise squeeze them out.

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EU auctions first batch of aviation allowances after 10-month hiatus

Published 08:04 on September 28, 2017  /  Last updated at 11:18 on September 28, 2017  /  Aviation, EMEA, EU ETS  /  No Comments

The EU’s aviation allowance sales resumed on Wednesday after a 10-month hiatus, with a group of 25 member states selling 1.08 million spot permits.

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EU Parliament votes to put CORSIA aviation offset scheme under closer watch

Published 12:04 on September 13, 2017  /  Last updated at 12:04 on September 13, 2017  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Switzerland, US  /  No Comments

The European Parliament on Wednesday voted to extend the suspension of extra-European flights from the EU ETS, but called for a review of the UN’s CORSIA scheme that could see those routes become regulated under the bloc’s carbon market again in the future.

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Investors, climate need tight post-2020 CER restrictions -report

Published 10:45 on September 12, 2017  /  Last updated at 12:58 on September 12, 2017  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

The types of CERs eligible for use under the Paris Agreement or other emerging programmes such as CORSIA must be restricted to ensure the integrity of new markets and the confidence of investors, researchers have warned.

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