CDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors
The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.
Read MoreICAP Status Report 2019: Emissions Trading Worldwide
Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.
Read MoreCalifornia issues nearly 425k offsets as forestry projects net majority
California regulator ARB issued nearly 425,000 California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.
Read MoreWorld Bank cuts carbon credit eligibility ahead of N2O auction
The World Bank’s Nitric Acid Climate Auction Program (NACAP) has shifted forward the eligibility cut-off date for carbon credits that can be sold in its inaugural auction, effectively reducing the pool of potentially available units.
Read MoreMexico intends to start pilot ETS in 2020
Mexico intends to open public consultation on its pilot cap-and-trade programme in the coming months as it works towards a 2020 start date, an environment ministry official told Carbon Pulse.
Read MoreMexico’s carbon market to have little effect on GDP, say economists
The scheduled implementation of Mexico’s ETS from 2022 onward will have minimal impact on the country’s economy, but some potential burdens on heavy industry could be alleviated through certain measures in the early years of the programme, new analysis has found.
Read MoreUPDATE – COP24: Chile to host next UN climate summit in Jan. 2020 after Brazil withdrawal
Chile has been named as the location of the next UN climate summit after Brazil withdrew its offer to host.
Read MoreCOP24: Mexico ETS launch facing further delays after consultation held -sources
The launch of Mexico’s pilot carbon market will be postponed for at least a few months after a consultation on the programme was withdrawn, a move that could delay the start of the actual market by upwards of a year, sources told Carbon Pulse.
Read MoreCalifornia punts endorsement of Tropical Forest Standard to 2019
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.
Read MoreMexico sees benefits of carbon programme, though companies spot issues
Mexico has released additional analysis for its draft three-year pilot cap-and-trade programme showing the benefits far outweigh costs, though state-owned oil firm Pemex voiced opposition.
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