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Business, investors detached from international carbon trade as obstacles stack up

Published 14:18 on October 19, 2016  /  Last updated at 10:10 on October 31, 2016  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Shipping  /  No Comments

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.

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CARBON FORWARD: ICAO offset demand seen huge, but credit quality counts

Published 19:40 on October 14, 2016  /  Last updated at 19:48 on October 14, 2016  /  Americas, Asia Pacific, Aviation, China, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, US, Voluntary Market  /  No Comments

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.

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EU lawmakers dismayed by ICAO aviation deal but wary of sector’s full return to ETS

Published 22:44 on October 12, 2016  /  Last updated at 22:44 on October 12, 2016  /  Americas, Aviation, China, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, US  /  No Comments

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.

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BRIEFING: CORSIA – The world’s first global sectoral carbon market mechanism

Published 20:41 on October 10, 2016  /  Last updated at 09:17 on October 11, 2016  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

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.

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Airlines’ voluntary offset schemes expected to fade away in wake of CORSIA

Published 10:02 on October 7, 2016  /  Last updated at 13:32 on October 7, 2016  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

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.

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Airline focus shifts to Brussels as ICAO deal triggers scrutiny

Published 09:17 on October 7, 2016  /  Last updated at 13:56 on October 7, 2016  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US  /  No Comments

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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Hungary’s Vertis makes senior trading, aviation hires

Published 19:27 on October 6, 2016  /  Last updated at 19:27 on October 6, 2016  /  Aviation, Bavardage, EMEA, EU ETS  /  No Comments

Budapest-headquartered brokers Vertis has made two senior appointments to help enhance its services for large emitters and aviation clients.

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Reactions to CORSIA, ICAO’s global market-based measure

Published 18:59 on October 6, 2016  /  Last updated at 21:56 on October 6, 2016  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Views  /  No Comments

Governments, business and environmental groups on Thursday welcomed ICAO’s agreement on a global market-based measure to offset international aviation emissions, dubbed CORSIA, but some also said the deal did not go far enough in forcing the sector to contribute its fair share in tackling climate change. Carbon Pulse has gathered a selection of reactions to the deal from a variety of observers and participants to the talks.

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CORSIA set for take-off: ICAO agrees aviation CO2 offsetting scheme, backs UN credit use

Published 17:30 on October 6, 2016  /  Last updated at 01:12 on October 7, 2016  /  Americas, Asia Pacific, Aviation, Canada, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

Governments clinched a deal on ICAO’s global market-based measure to offset international aviation emissions from 2020 on Thursday, with last-minute changes providing support for the use of UN-backed credits while weakening a link to the Paris Agreement’s temperature goals.

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ICAO nears deal on aviation carbon market as more countries vow early start

Published 18:11 on October 5, 2016  /  Last updated at 18:11 on October 5, 2016  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Governments are nearing consensus on ICAO’s global market-based measure to offset international aviation emissions from 2020, though details on what type of carbon-cutting projects will be eligible are due to be ironed out next year.

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