COP25: Roundup for Wednesday, Dec. 11
The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.
Read MoreCOP25: UN’s CORSIA advisory panel to make aviation offset recommendations in January
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.
Read MoreWorld Bank-led PAF to hold fourth carbon offset auction on Mar. 3, 2020
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.
Read MoreCOP25: Roundup for Tuesday, Dec. 10
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.
Read MoreCOP25: Roundup for Monday, Dec. 9
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.
Read MoreCOP25: Chile ETS study, CO2 tax changes may stall as beleaguered gov’t changes tack on climate action
Plans for a Chilean cap-and-trade programme and the passage of carbon tax reforms may stall as the country’s beleaguered government rolls out a sweeping economic recovery plan and backtracks on other its other climate action efforts in response to mass protests over living costs.
Read MoreCOP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants
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.
Read MoreCOP25: With the rules still in flux, governments and businesses scramble to pioneer Paris carbon markets
Businesses and governments on the sidelines of the Madrid climate talks are busy building the foundations for a Paris era international carbon market and carving out a role for themselves, even as delegates remain gridlocked in negotiations over the rules.
Read MoreCOP25: Voluntary carbon market doubles to near-record volume in 2018, though prices flat -report
Voluntary carbon trade worldwide doubled in 2018 to approach record levels at near 100 MtCO2e, as forest projects took a lead amid heightened demand but offset prices remained flat, researchers found in a report published on Thursday.
Read MoreCOP25: Lower coal use can’t stop global GHGs from rising in 2019 -study
Rising CO2 emissions from natural gas and oil in 2019 will more than offset abatement progress from lower coal usage in major economies, according to research published Wednesday.
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