US EPA aiming for early 2019 in finalising major environmental rollbacks as aviation and biomass on hold
The US EPA signalled Wednesday it is aiming to finalise rulemaking on regulations for the power and transportation sector early next year, while deferring further decisions on how to set GHG standards in aircraft and treat biogenic CO2 emissions.
Read MoreAs CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines
Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.
Read MoreUS retains support for CORSIA, says China participation “essential”
The US still supports the CORSIA international flight offsetting mechanism but sees China’s early participation as essential to the scheme’s launch, an industry event heard on Wednesday.
Read MoreAviation may need CO2 price of $200/t to drive switch to cleaner fuels -experts
Aviation needs to impose a carbon price as high as $200/tonne to incentivise a switch to cleaner fuels and reach zero emissions without offsetting by 2060 in order to align with the Paris Agreement, an expert group told industry leaders on Tuesday.
Read MoreCARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?
The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.
Read MoreNations seek stripped-down Paris rulebook as work piles up
Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.
Read MoreCarbon Pulse hires top carbon expert to lead Americas coverage
**FREE READ** – Carbon Pulse has hired one of North America’s top carbon market experts to lead its news coverage and expand its offerings on the continent.
Read MoreUNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes
The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.
Read MoreVoluntary carbon market activity poised to hit record levels -report
Activity in the voluntary carbon market in the first quarter put 2018 on pace to meet or exceed last year’s record, as business commitments to reduce carbon emissions kept increasing, according to a report published Wednesday.
Read MoreRise of international compliance markets will still accommodate voluntary carbon offsets -experts
Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.
Read More