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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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COP23: UN negotiators get ahead of themselves in Bonn CO2 trade talks

Published 18:00 on November 17, 2017  /  Last updated at 18:26 on November 17, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Negotiations on global carbon trade under the Paris Agreement edged ahead of other strands of the UN climate talks over two weeks in Bonn, boosting confidence that countries and companies seeking to use international CO2 deals will have rules in place well ahead of the pact’s 2020 start.

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UK slaps £800k in EU ETS non-compliance penalties on 30 companies

Published 17:52 on November 13, 2017  /  Last updated at 17:52 on November 13, 2017  /  Americas, Aviation, Bavardage, EMEA, EU ETS, International, Middle East, US  /  No Comments

Thirty-five UK-based big-emitting facilities and airlines, operated by 30 firms including energy company ConocoPhillips and investment bank Morgan Stanley, have been hit with more than £800,000 ($1.05 mln) in non-compliance fines related to the EU ETS.

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COP23: Kyoto rule could complicate CORSIA’s CDM sourcing -expert

Published 17:02 on November 13, 2017  /  Last updated at 21:13 on November 13, 2017  /  Aviation, Climate Talks, International, Kyoto Mechanisms  /  No Comments

UN aviation body ICAO is expected to allow the use of UN-issued CDM carbon credits under its CORSIA offset scheme, but those plans might face complications as approval under the UNFCCC or an amendment to the Kyoto Protocol might be necessary, an expert said Monday.

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IETA urges ICAO Council to approve offset certification programmes for CORSIA

Published 21:49 on October 31, 2017  /  Last updated at 11:40 on November 2, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

Emissions trading lobby IETA is urging ICAO’s Council to provide clarity for airlines and investors by adopting proposed eligibility criteria for its CORSIA offset programme, which is understood to include at least four established certification programmes.

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Airport GHG initiative to review offsetting guidance ahead of CORSIA rule-setting

Published 17:47 on October 27, 2017  /  Last updated at 17:47 on October 27, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, REDD, US, Voluntary Market  /  No Comments

An airport association is reviewing its guidance on its voluntary offsetting standards in what may prove to be a key forerunner of rules to be decided under the far bigger CORSIA airline carbon market.

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New London airport runway could see UK aviation emissions rise 26%

Published 18:55 on October 24, 2017  /  Last updated at 18:55 on October 24, 2017  /  Aviation, EMEA, EU ETS  /  No Comments

Adding a new airport runway at one of London’s airports could increase the UK’s aviation emissions by up to 26% above 2015 levels by 2030, according to a new government report.

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Russian firm issues carbon credits via blockchain platform

Published 19:16 on October 23, 2017  /  Last updated at 19:16 on October 23, 2017  /  Africa, Aviation, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Russian chemical company Khimprom has become the first domestic firm to get emission reductions certified, registered and issued on blockchain as part of a private sector-led effort to build a carbon trading hub in the country.

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EU lawmakers strike deal to keep alive prospect of regulating international flight emissions

Published 23:16 on October 18, 2017  /  Last updated at 23:18 on October 18, 2017  /  Aviation, EMEA, EU ETS, International  /  No Comments

EU lawmakers agreed a deal late Wednesday to extend the suspension of extra-European flights from the EU ETS but will hold a review of the UN’s CORSIA scheme at the end of 2023, which could see those routes become regulated once again under the bloc’s carbon market.

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Nations rebuff ICAO plan to set aviation biofuel goals on sustainability concerns

Published 21:04 on October 17, 2017  /  Last updated at 21:21 on October 17, 2017  /  Aviation, Climate Talks, International  /  No Comments

Governments have rejected a move by UN aviation agency ICAO to set non-binding goals for biofuel use by planes starting in 2025, with some arguing that there must first be agreement on what fuels are sustainable.

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