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ICAO panel agree recommendations for airlines’ CORSIA eligibility

Published 23:50 on February 19, 2019  /  Last updated at 23:50 on February 19, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

A technical panel at UN aviation agency ICAO has settled on recommendations for how to calculate emission benefits from airlines’ use of cleaner fuels – rules that will help determine the sector’s carbon credit demand under the CORSIA offsetting mechanism.

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ANALYSIS: Taking a risky route, UK airline Flybmi crashes into EU ETS Brexit ‘shield’

Published 10:27 on February 18, 2019  /  Last updated at 11:51 on February 18, 2019  /  Aviation, EMEA, EU ETS, International  /  No Comments

UK airline Flybmi collapsed over the weekend, blaming in part higher EU ETS costs, though it appears that the bloc’s Brexit-linked carbon market safeguards contributed to its ultimate death knell amid the carrier’s risky practices and despite a slew of warnings.

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World Bank carbon fund inks first REDD payment deals

Published 19:06 on February 12, 2019  /  Last updated at 20:46 on February 12, 2019  /  Africa, Americas, Australia, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.

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Lacking UN guidance, Swiss to take ‘safe’ approach to sourcing credits

Published 22:45 on January 9, 2019  /  Last updated at 22:45 on January 9, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

Switzerland will take a conservative approach to procuring international credits that is unlikely to run afoul of international guidance in the future, an official said Wednesday.

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COP24: Failed Article 6 text offers glimpse of Paris-era emission trade  

Published 23:25 on December 21, 2018  /  Last updated at 11:46 on December 31, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  2 Comments

Governments will in early 2020 revisit negotiations for rules covering international emissions trade, recycling much of last week’s failed Paris Agreement Article 6 text that gave wide scope for cross-border dealing.

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EU, New Zealand agree to increase cooperation on emissions trading

Published 21:47 on December 17, 2018  /  Last updated at 21:54 on December 17, 2018  /  Americas, Asia Pacific, Australia, Aviation, Canada, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, US  /  No Comments

The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.

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BRIEFING – COP24: International emissions trading pilots for the Paris era

Published 15:13 on December 17, 2018  /  Last updated at 19:27 on January 3, 2019  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

A handful of governments and institutions are working to advance international emissions trading activities even as the rules remain unclear as to how those initiatives can be used to help meet the Paris Agreement.

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COP24: Article 6 talks face postponement to avoid collapse of Paris rulebook -sources

Published 09:24 on December 15, 2018  /  Last updated at 00:18 on December 17, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments look set to resume talks next year on a framework for international emissions trade under the Paris Agreement’s Article 6, as negotiators seek to postpone the issue rather than risk collapsing the entire Paris rulebook, numerous sources close to the process told Carbon Pulse on Saturday.

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COP24: Draft Article 6 text offers “bedrock” for international GHG trade, but investors uneasy

Published 23:43 on December 13, 2018  /  Last updated at 00:45 on December 14, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.

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COP24: Companies, business groups band together to avoid double counting in carbon markets

Published 12:30 on December 5, 2018  /  Last updated at 07:21 on December 6, 2018  /  Aviation, Climate Talks, International, New Market Mechanisms, REDD  /  No Comments

Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.

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