COP25: Roundup for 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: Major powers show signs of compromise on Article 6 -sources
Major powers were showing signs of compromise on negotiating the international emissions trade rulebook under the Paris Agreement’s Article 6 on Friday, boosting prospects that a deal can be reached by the end of next week as UN talks near their halfway point.
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 MorePREVIEW COP25: UN carbon market talks to take centre stage in Madrid
Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.
Read MoreNone of 14 offset standard contenders meet CORSIA aviation scheme criteria -report
None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.
Read MoreUK’s easyJet becomes first major airline to offset all flight emissions
Low-cost carrier easyJet will become the first airline to offset the fuel emissions from all of its flights, it announced Tuesday as part of its annual results.
Read MoreSwitzerland opens second call for ITMO proposals
Switzerland’s carbon credit procurement agency Klik has launched a second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.
Read MoreSwiss carbon prices soar 150% in latest auction, as EU link draws closer
Swiss carbon prices have soared by 150% in the country’s latest allowance auction, with values finally starting to converge with EU prices as the two markets near linkage.
Read MoreANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus
Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.
Read MoreUPDATE – Swiss Federal Council brings EU 2020 carbon market link a step closer
Switzerland’s Federal Council on Wednesday approved measures paving the way for the linking agreement between the country’s carbon market and the EU ETS to enter into force on Jan. 1, 2020, but the physical connection between the two schemes appears delayed until next spring.
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