IMO adopts deal to cut shipping emissions at least 50% by 2050
Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.
Read MoreOffset restrictions needed to ensure CORSIA integrity, spur new project investment -study
In the absence of any eligibility restrictions, ICAO’s CORSIA offset scheme may not be able to deliver sufficient emissions reductions in aviation by using CERs, according to a study released Thursday.
Read MoreUN floats draft rulebook for international emissions trade, keeps CERs on the table
UN officials on Friday released a draft paper to help guide governments working on a year-end deadline to finalise rules on international emissions trade under the Article 6 of the Paris Agreement.
Read MoreUS voices support for UN’s CORSIA aviation scheme, quelling some worries
The US has voiced its support for the UN’s international aviation offset scheme and its draft rules, diminishing fears that the Trump administration would try to water down or decline to initially partake in the mechanism to tackle the sector’s growing impact on climate change.
Read MoreNorway seeks later CORSIA offset cut-off, vows non-cooperation if deal weakened
Norway is seeking an even later CORSIA offset vintage limit than that of the EU and has suggested it won’t participate in the remaining work to design the international aviation carbon market if the proposed rules are watered down any further.
Read MoreUK airline appeals over £400k in EU ETS penalties dismissed
A UK-appointed adjudicator has rejected two more appeals from airlines over more than £400,000 in EU ETS fines, with one penalty being found to have resulted from the negligence of a London-based trading house.
Read MoreEU presses for CORSIA offset cut-off date if rulebook gets reopened
The EU has kept its pledge to accept the draft CORSIA rulebook without changes but has tabled a slew of demands, including an offset vintage limit, should UN body ICAO reopen the package.
Read MoreUN aviation body pushes back CORSIA comment deadline, say sources, as concerns mount
UN aviation body ICAO is to give countries more time to respond to its draft rulebook for the CORSIA international offset market and may even postpone key decisions over eligible units for several years, sources told Carbon Pulse on Tuesday.
Read More‘Isolated’ EU nations willing to waive through CORSIA rulebook –EC official
EU nations are prepared to waive through the draft rulebook for the CORSIA international offset market because they lack enough support to force changes, an EU official said on Tuesday.
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