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COP25: UN’s CORSIA advisory panel to make aviation offset recommendations in January

Published 13:03 on December 11, 2019  /  Last updated at 13:06 on December 11, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut.

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EU Market: EUAs slip as market prepares for volatile days ahead

Published 19:02 on December 10, 2019  /  Last updated at 15:41 on December 12, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices dipped back below €25, giving back all of yesterday’s gains in an otherwise uneventful day.

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World Bank-led PAF to hold fourth carbon offset auction on Mar. 3, 2020

Published 17:16 on December 10, 2019  /  Last updated at 17:16 on December 10, 2019  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

The World Bank’s Pilot Auction Facility (PAF) will hold its fourth auction on Mar. 3, 2020 to buy methane emission reduction credits from projects in the developing world, the bank announced Tuesday.

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COP25: Roundup for Tuesday, Dec. 10

Published 11:07 on December 10, 2019  /  Last updated at 23:48 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.

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New Zealand, EU exchanges announce carbon market partnership

Published 10:06 on December 10, 2019  /  Last updated at 10:06 on December 10, 2019  /  Asia Pacific, Bavardage, EMEA, EU ETS, International, New Zealand  /  No Comments

New Zealand’s NZX and Germany-based EEX are joining forces in a bid to run the auction platform for New Zealand’s reformed ETS and will together explore other partnership opportunities in the country and elsewhere, the exchanges announced Tuesday.

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EU Market: EUAs swing to positive on news of German EUA cancellation plans

Published 23:01 on December 9, 2019  /  Last updated at 23:10 on December 9, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices reversed early losses on Monday on news that Germany would proceed with EUA cancellations to offset the market impact of its coal phaseout.

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COP25: Roundup for Monday, Dec. 9

Published 13:02 on December 9, 2019  /  Last updated at 09:55 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.

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UPDATE – Germany to enshrine EU carbon permit cancellations in coal phaseout law -official

Published 12:09 on December 9, 2019  /  Last updated at 08:47 on December 10, 2019  /  EMEA, EU ETS  /  No Comments

Germany will cancel a yet-to-be-determined number of EU carbon allowances to offset the impact of its coal phaseout, the government confirmed on Monday, allaying concerns that Europe’s top emitter could flood the market with unused permits.

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Luxembourg latest European nation to introduce carbon tax on fossil fuels

Published 15:25 on December 7, 2019  /  Last updated at 13:34 on December 9, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Luxembourg will introduce a domestic tax on fossil fuels to help meet its climate targets, the government announced Friday, making the landlocked microstate the latest European nation to implement carbon pricing beyond the reach of the EU ETS.

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COP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants

Published 15:18 on December 7, 2019  /  Last updated at 15:55 on December 7, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A recent study challenging the carbon credit standards that have applied for the global CORSIA aviation offsetting scheme made questionable interpretations of the programme’s environmental criteria, and also ran counter to UN body ICAO’s own guidance in the process, developers and brokers said Friday.

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