COP25: Australian businesses want CO2 market access, fear carbon tariffs
The vast majority of Australian businesses polled in a survey want access to international emissions markets, but worry about the risk of other nations slapping border carbon adjustments on Australian goods over the government’s lack of climate action.
Read MoreCOP25: 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 MoreCOP25: Governments put up $100 mln for next phase of carbon pricing tech support
Several rich-nation governments have pledged a total of $100 million to extend through 2030 and revamp the World Bank-led PMR carbon pricing technical support facility for emerging economies.
Read MoreCOP25: Washington governor targets renewed LCFS push in 2020, neutral on ETS
Washington Governor Jay Inslee (D) intends to once again back a low-carbon fuel standard (LCFS) during the 2020 legislative session, but his administration will not endorse a state senator’s WCI-modelled cap-and-trade bill, an advisor told Carbon Pulse on the sidelines of the UN climate summit Tuesday.
Read MoreCOP25: Pakistan takes step towards domestic carbon market, offset link with China
Pakistan has set up a national committee to assess the role and scope of a potential domestic carbon market as well as entering into a bilateral deal that could see the nation supply offsets to China’s national emissions trading scheme.
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: Growing voluntary carbon market seeks stay from Paris-era rules
The voluntary carbon market is seeking a 5-10 year stay from emissions auditing rules to prevent a collapse in clean investment, a risk some governments say is unfounded and could even slow national climate action.
Read MoreCOP25: Quebec aiming to finish forestry protocol, post-2023 allocation methodology next year
Quebec intends to finalise its forestry offset protocol and post-2023 allowance allocation levels for its WCI-linked cap-and-trade programme next year after completing consultations on both topics, the Canadian province’s environmental minister said at a UN climate conference side event on Monday.
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