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Emissions trade could save $250 bln/yr for climate action by 2030, study finds

Published 21:20 on September 24, 2019  /  Last updated at 23:13 on September 24, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

International emissions trade under a well-functioning Article 6 of the Paris Agreement could save as much as $250 billion per year by 2030 and improve the chances of meeting the pact’s climate goals, according to a study published Tuesday.

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CARBON FORWARD 2019: Navigating opportunities in global carbon markets

Published 14:50 on September 24, 2019  /  Last updated at 10:16 on September 25, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

**THIS IS A FREE ARTICLE** – Learn how companies and governments are aligning with the Paris Agreement and finding opportunities in carbon markets worldwide.

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California endorses contentious Tropical Forest Standard for sector-based deforestation reduction

Published 03:16 on September 20, 2019  /  Last updated at 02:03 on September 21, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Mexico, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB endorsed the controversial Tropical Forest Standard (TFS) on Thursday, coming roughly 10 months after the agency first attempted to greenlight the framework that could serve as a model for jurisdictional REDD programmes in compliance-based and voluntary carbon markets.

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EU falters on whether to resist UN moves to exclude flights from ETS

Published 18:37 on September 19, 2019  /  Last updated at 23:12 on September 19, 2019  /  Americas, Asia Pacific, Aviation, Canada, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

The EU is poised to leave open whether to defend its right to include flights in its ETS, despite expectations that the UN’s ICAO will seek to shut down what many see as the world’s most ambitious aviation climate policy.

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France’s first GO auction sells out

Published 11:43 on September 19, 2019  /  Last updated at 02:06 on September 21, 2019  /  EMEA, Voluntary Market  /  No Comments

France sold all 4,448 GWh of GO certificates at its first monthly auction, host platform Powernext said on Thursday of the closely-watched process that market watchers say is key for price direction.

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Italy’s Enel extends voluntary GHG goal for global operations

Published 17:52 on September 18, 2019  /  Last updated at 21:51 on September 18, 2019  /  EMEA, EU ETS, Voluntary Market  /  No Comments

Italy-based utility Enel aims to cut its emissions intensity by 70% under 2017 levels by 2030, it said on Wednesday, extending a company-wide target as one of a handful of firms to set an independently verified goal aligned with the 1.5C Paris Agreement global warming limit.

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New Zealand issues voluntary offset guidelines

Published 10:26 on September 18, 2019  /  Last updated at 22:33 on September 19, 2019  /  Asia Pacific, International, New Zealand, Voluntary Market  /  No Comments

New Zealand has issued guidelines for companies wanting to use carbon credits to voluntarily offset their GHG emissions, flagging the potential use of international units as well as some permits also eligible in the domestic emissions trading scheme.

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Colombia’s Boyaca region to launch Latin America’s first emissions trading scheme

Published 14:32 on September 17, 2019  /  Last updated at 14:32 on September 17, 2019  /  Americas, Carbon Taxes, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The Colombian region of Boyaca will launch Latin America’s first emissions trading scheme next month.

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Stakeholders brace for fierce debate on California’s Tropical Forest Standard

Published 21:47 on September 16, 2019  /  Last updated at 22:11 on September 16, 2019  /  Americas, Aviation, Canada, Mexico, REDD, South & Central, US, Voluntary Market  /  No Comments

Critics and supporters of California’s Tropical Forest Standard (TFS) are anticipating a contentious meeting on Thursday to decide the fate of the possible precursor to jurisdictional REDD offsetting, with some believing state regulator ARB will approve the proposal after its year-long review.

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California’s ARB still seeking EJ, labour representatives for offset task force

Published 18:03 on September 16, 2019  /  Last updated at 22:18 on September 16, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB opened a second solicitation for its Compliance Offsets Protocol Task Force (OPTF) on Friday, as the agency is seeking additional applicants from the environmental justice and labour communities.

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