CDM board eyes batch of recent climate deals in hunt for new demand sources
The CDM Executive Board at its latest meeting continued to hunt for potential sources of future demand, eyeing the recent aviation, shipping and HFC deals as well as a potential increase in voluntary cancellations of CDM offsets.
Read MoreCOMMENT: Credit where credit is due – we should commend IMO efforts to address shipping’s CO2
The recent agreement by the International Maritime Organization (IMO) to a develop a comprehensive CO2 reduction road map is a significant decision giving further impetus to the substantial CO2 reductions that are already being delivered by the shipping industry, writes Simon Bennett of the International Chamber of Shipping.
Read MoreIMO set to take until 2023 to fix emission goal for shipping
The IMO has agreed to ready by 2018 an initial strategy to address greenhouse gas (GHG) emissions from international shipping, but this will not be finalised until 2023 to allow the industry time to collect fuel data.
Read MoreEmerging economies shirk carving out GHG goal for shipping
Countries at the UN’s maritime body were divided on Tuesday over how urgently to address emissions from international shipping and whether to establish a firm reduction target or even contribute towards meeting the Paris Agreement’s 2C global warming goal.
Read MoreUN shipping chief flags gap in climate measures
IMO efforts to regulate shipping’s energy efficiency do not address the sector’s projected demand growth, according to the head of the UN’s maritime agency, giving his clearest indication yet that a separate measure is needed to tackle international shipping’s rising emissions.
Read MoreBusiness, investors detached from international carbon trade as obstacles stack up
The cost-saving benefits of international carbon trade remain largely theoretical as a lack of ambition, political will and clarity over rules limit the opportunities for businesses and investors.
Read MoreCOMMENT: Bunker emissions – time is up
The time of reckoning for international aviation and shipping is with us. Yet 19 years after Kyoto, there are many worrying signs over whether their respective organisations can agree credible measures to tackle their emissions, writes Bill Hemmings, director, aviation and shipping, at campaigners T&E.
Read MoreCDM Board to pitch 7 ways to make best use of the mechanism
The CDM Executive Board has agreed a list of seven best uses of the market mechanism that it will pitch to countries at November’s UN climate talks in Marrakesh.
Read MoreEmerging nations dig in ahead of latest UN talks on shipping emissions -media
Nine emerging nations have signalled their opposition to setting greenhouse gas emissions targets for international shipping ahead of the resumption of UN talks on the issue.
Read MoreEU lawmakers launch push to get shipping in the EU ETS
Several MEPs from across the political spectrum have tabled changes to the EU ETS reform bill that would have shipping face EUA buying obligations from 2020 and receive a share of the bloc’s auctioning revenue to help fund emission cuts.
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