ICAO 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 MoreSouth Korean firms ink PoA deal as country eyes new CDM projects following carbon market rule change
Three South Korean firms have signed a preliminary agreement to invest in a cookstove PoA, as investors and participants in the country’s emissions trading scheme dip their toes back into the CDM market after the government earlier this year made some UN-issued carbon credits eligible for compliance use.
Read MoreNumber of deregistered CDM projects doubles
The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.
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 MoreIBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD
IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.
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 MoreUN adds more Paris rulebook talks as higher CO2 prices raise demand hopes
Governments have agreed to hold an extra week of negotiations on international emissions trade and other rules under the 2015 Paris Agreement, as two weeks of UN climate talks in Bonn ended Thursday yielding little progress.
Read MoreRenewables rise helps to close Paris gap as governments lag -analysts
The faster-than-expected expansion of renewables worldwide is helping to narrow the gap to Paris Agreement goals, despite some governments making little progress on climate action and the effects of US President Trump’s policies not yet taking hold, researchers said Thursday.
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