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COP25: Roundup for Dec. 9

Published 13:02 on December 9, 2019  /  Last updated at 23:22 on December 9, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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COP25: Major powers show signs of compromise on Article 6 -sources

Published 18:48 on December 6, 2019  /  Last updated at 05:17 on December 7, 2019  /  Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

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.

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COP25: With the rules still in flux, governments and businesses scramble to pioneer Paris carbon markets

Published 18:47 on December 5, 2019  /  Last updated at 15:52 on December 6, 2019  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

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.

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PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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None of 14 offset standard contenders meet CORSIA aviation scheme criteria -report

Published 15:09 on November 27, 2019  /  Last updated at 23:27 on November 27, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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UK’s easyJet becomes first major airline to offset all flight emissions

Published 12:13 on November 19, 2019  /  Last updated at 23:56 on November 19, 2019  /  Aviation/CORSIA, EMEA, EU ETS, International, REDD, Switzerland, Voluntary Market  /  No Comments

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.

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Switzerland opens second call for ITMO proposals

Published 19:50 on November 18, 2019  /  Last updated at 22:43 on December 5, 2019  /  EMEA, International, New Market Mechanisms, Switzerland  /  No Comments

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.

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Swiss carbon prices soar 150% in latest auction, as EU link draws closer

Published 13:12 on November 18, 2019  /  Last updated at 23:28 on November 27, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

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.

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ANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus

Published 20:18 on November 15, 2019  /  Last updated at 20:18 on November 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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UPDATE – Swiss Federal Council brings EU 2020 carbon market link a step closer

Published 18:33 on November 13, 2019  /  Last updated at 23:28 on November 27, 2019  /  EMEA, EU ETS, Switzerland  /  No Comments

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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