Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreFEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreHawaii CO2 tax legislation faces uncertain future amid COVID-19 pandemic
Hawaii legislators’ plans to approve a carbon levy proposal this year are in doubt due to the COVID-19 pandemic, but the economic fallout from the virus outbreak could present an opportunity to raise critical revenue for the tourism-dependent US state, the bill sponsor told Carbon Pulse.
Read MoreAirlines seek CORSIA changes in light of virus impact
Airlines are urging governments to alter the UN’s international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.
Read MoreCOMMENT: Five massive drivers of future demand for offsets
Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide. Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore. And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.
Read MoreUK should form national offset watchdog, think-tank says
The UK should set up a national body to guarantee the credibility of domestic carbon offsetting and spur land restoration, according to a report published by a think-tank on Thursday.
Read MoreCOP26 climate summit postponed to 2021 over coronavirus fears
Governments have agreed to delay the COP26 summit in Glasgow until 2021 due to the COVID-19 pandemic, meaning the nearly 200 parties to the Paris Agreement will probably have to wait at least another six months to agree the rulebook for international emissions trading under the 2015 climate pact.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreCOMMENT: ICAO’s carbon market report offers valuable lessons for Article 6 talks
A report by experts recommending carbon credits for the ICAO’s CORSIA international aviation mechanism provides valuable lessons for the Article 6 negotiations. Even in the absence of an Article 6 agreement at COP26, countries which want to use global carbon markets should heed these lessons.
Read MoreICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision
UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.
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