Colombia’s ETS planning to take at least 3 years -official
Colombia will spend at least three years studying ways to impose an ETS in the country, a government official told Carbon Pulse on Thursday, dimming prospects of a rapid launch of emissions trading following lawmaker clearance last week.
Read MoreICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.
Read MoreJapan picks 17 JCM projects for annual funding
Japan has awarded small grants to 17 projects that aim to cut greenhouse gas emissions and generate carbon credits under its Joint Crediting Mechanism (JCM).
Read MoreGermany, World Bank gear up for €20m N2O offset auction
The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.
Read MoreFuture of global carbon markets rests on China success -survey
The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.
Read MoreBy the numbers: Kyoto offset use in the EU ETS since 2014
Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.
Read MoreMexican senate approves bill to bolster emissions trading plans
Mexico’s Senate passed a bill late Wednesday that gives a clearer mandate to the country’s planned carbon market and to align national emission reduction goals with Paris Agreement targets.
Read MoreMexican carbon tax to operate alongside market, though stakeholders say offset rules must change
Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.
Read MoreMexico might face a 3-year delay to ETS launch amid policy uncertainty, expert warns
Mexico might delay the implementation of its emission trading scheme by up to three years as a result of a short preparation period and uncertainty over the outcome of the upcoming election, an expert has warned.
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