Tighter ETS settings could make huge difference for China's power emissions -IEA

Published 09:37 on April 13, 2021  /  Last updated at 13:18 on April 13, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

An emissions trading scheme with steadily tightening benchmarks and increased use of auctioning could cut CO2 emissions from China’s power sector by over 1 billion tonnes by 2035, according to the International Energy Agency (IEA). Read More

Australia Market Roundup: Regulator issues 230k ACCUs as biodiversity pilot kicks off

Published 11:39 on April 13, 2021  /  Last updated at 11:46 on April 13, 2021  /  Asia Pacific, Australia  /  No Comments

Australia's Clean Energy Regulator has issued just over 230,000 carbon credits in a little less than a week, while the government has opened funding applications for its new biodiversity pilot scheme. Read More

Carbon tax can put dent in Asia-Pacific emissions, IMF says

Published 10:51 on April 13, 2021  /  Last updated at 10:51 on April 13, 2021  /  Asia Pacific, Australia, Carbon Taxes, China, International, Japan, New Zealand, Other APAC, South Korea  /  No Comments

A carbon tax of $25/tonne could put a significant dent in Asia-Pacific greenhouse gas emissions, but would have to be raised to three times that level to be in line with a 2C or lower global warming target, according to the International Monetary Fund (IMF). Read More

Major investors BlackRock, Temasek join forces to combat climate change

Published 00:39 on April 13, 2021  /  Last updated at 12:44 on April 13, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Other APAC, US, Voluntary Market  /  No Comments

Two of the world’s largest investment firms have teamed up to fund next-generation solutions to cut greenhouse gas emissions. Read More

INTERVIEW - Making the grade: London-based startup launches carbon offset ratings service

Published 11:51 on April 12, 2021  /  Last updated at 11:53 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system. Read More

Canadian GHGs tick up in 2019 during first year of carbon pricing plan

Published 22:49 on April 12, 2021  /  Last updated at 23:35 on April 12, 2021  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canadian emissions inched higher in 2019 on the back of rising Alberta GHGs and steady output from the transportation and oil and gas sectors, coinciding with the start of Ottawa’s federal ‘backstop’ CO2 levy and output-based pricing system, government data published on Monday showed. Read More

Virginia industry groups argue numerous deficiencies should invalidate RGGI regulation

Published 23:02 on April 12, 2021  /  Last updated at 23:02 on April 12, 2021  /  Americas, US  /  No Comments

Virginia’s revised RGGI-modelled cap-and-trade rule should be invalidated because the programme represents an illegal tax, while tweaks to the regulation finalised last year failed to adhere to administrative requirements and went beyond legislative intent, according to a brief filed by an industry group last week. Read More

NY State Pension Fund will dump seven companies over oil sands exposure

Published 22:40 on April 12, 2021  /  Last updated at 22:40 on April 12, 2021  /  Americas, Asia Pacific, Canada, EMEA, International, US  /  No Comments

The New York State Pension Fund will immediately divest of equity and debt associated with seven companies in its portfolio and cease new investments in companies with oil sands exposure after announcing a net zero target last year, the fund said Monday. Read More

VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review

Published 19:40 on April 12, 2021  /  Last updated at 19:40 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns. Read More

EU plans to bring shipping into carbon market must not grant free allowances -shipowners

Published 17:01 on April 12, 2021  /  Last updated at 17:01 on April 12, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

Plans to bring shipping emissions into the EU ETS must ensure that no free emissions allowances are allocated, two national shipowner associations said in a letter on Monday. Read More