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Oil firm Equinor vows to buy REDD units to offset international operations

Published 20:17 on November 20, 2018  /  Last updated at 00:32 on November 21, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway’s oil firm Equinor plans to buy REDD forest protection credits to offset its emissions from operations not already covered by carbon pricing as the company is set to ramp up its foreign exploration, its CEO said Tuesday.

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Hopes fade for progress on a CDM transition this year

Published 22:54 on November 19, 2018  /  Last updated at 09:54 on November 20, 2018  /  Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, Voluntary Market  /  No Comments

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

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California punts endorsement of Tropical Forest Standard to 2019

Published 01:30 on November 17, 2018  /  Last updated at 20:05 on November 19, 2018  /  Americas, Aviation, Canada, International, Mexico, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB on Friday postponed a decision until next spring on whether to approve the Tropical Forest Standard (TFS) that could allow jurisdictions to link their sector-based offset programmes to the state’s carbon market, with stakeholders warning of the standard’s environmental and social ramifications.

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Brussels urges EU states to “file difference” to UN’s CORSIA aviation scheme

Published 18:15 on November 5, 2018  /  Last updated at 00:45 on November 6, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International  /  No Comments

The European Commission is urging EU states to “file a difference” to the rulebook on the UN’s CORSIA, a Commission official said Monday, a move that casts further doubt on the future of the aviation offsetting scheme.

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Aviation industry urges governments to wait to set a global GHG target

Published 15:18 on November 5, 2018  /  Last updated at 15:18 on November 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Shipping, US, Voluntary Market  /  No Comments

Governments should wait two or three years before setting a global aviation emission goal in case they “lose focus” on implementing the CORSIA offsetting mechanism, which is designed to limit emissions at 2020 levels, senior aviation representatives told a conference Monday.

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IMO still docked in finding ways to meet shipping’s global emission goals

Published 19:15 on October 26, 2018  /  Last updated at 19:30 on October 26, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, Shipping, Voluntary Market  /  No Comments

Governments at the International Maritime Organisation (IMO) this week got off to a slow start in agreeing measures to help meet emission reduction goals, but the group took steps to keep in play the launch of a market-based measure from 2023.

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US EPA aiming for early 2019 in finalising major environmental rollbacks as aviation and biomass on hold

Published 00:06 on October 18, 2018  /  Last updated at 00:11 on October 18, 2018  /  Americas, Aviation, International, RINs & LCFS, US  /  No Comments

The US EPA signalled Wednesday it is aiming to finalise rulemaking on regulations for the power and transportation sector early next year, while deferring further decisions on how to set GHG standards in aircraft and treat biogenic CO2 emissions.

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As CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines

Published 21:42 on October 4, 2018  /  Last updated at 21:43 on October 4, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.

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US retains support for CORSIA, says China participation “essential”

Published 19:27 on October 3, 2018  /  Last updated at 19:30 on October 3, 2018  /  Americas, Aviation, Climate Talks, International, US  /  No Comments

The US still supports the CORSIA international flight offsetting mechanism but sees China’s early participation as essential to the scheme’s launch, an industry event heard on Wednesday.

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Aviation may need CO2 price of $200/t to drive switch to cleaner fuels -experts

Published 14:57 on October 2, 2018  /  Last updated at 14:57 on October 2, 2018  /  Aviation, International, New Market Mechanisms, Voluntary Market  /  No Comments

Aviation needs to impose a carbon price as high as $200/tonne to incentivise a switch to cleaner fuels and reach zero emissions without offsetting by 2060 in order to align with the Paris Agreement, an expert group told industry leaders on Tuesday.

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