Gulf-based carbon standard targets issuance of 10 mln offsets in 2021
The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.
Read MoreFrance grounds aviation tax hike in favour of offsetting domestic flights -leaked draft
France will not advance an aviation tax increase suggested by a citizen-led panel, according to a leaked draft of its climate law that instead proposes compulsory offsetting of emissions from domestic flights.
Read MoreART programme approves five Central and South American jurisdictional REDD concepts
The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.
Read MoreCheap units from emerging nations dominate voluntary offset supply, survey shows
Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.
Read MoreNGO call to end use of international offsets meets with resistance
An NGO proposal to replace international offsetting with climate finance in order to avoid double claiming has been met with resistance from some in the voluntary carbon market, who fear a lack of corporate interest.
Read MoreS&P Global Platts to launch CORSIA offset price assessment
Commodity price reporting agency S&P Global Platts on Wednesday announced it will begin assessing prices for carbon credits approved for use in ICAO’s global aviation offset system CORSIA, as interest in the voluntary market grows.
Read MoreBP acquires majority stake in US offset developer Finite Carbon
Oil major BP has acquired a majority stake in carbon offset developer Finite Carbon, deepening its interest in the forestry-focused company and targeting a major expansion internationally.
Read MoreIndonesia, Costa Rica sign World Bank REDD deals as remaining deadlines extended
Indonesia and Costa Rica last week inked agreements with the World Bank Forest Carbon Partnership Facility (FCPF) to reduce deforestation-related emissions, while the other tropical forest nations with outstanding arrangements will receive additional time to sign the deals seen as a possible base of international carbon trading.
Read MoreUN strikes compromise CDM deal in effort to avert shutout ahead of Paris decision
UN officials agreed on Monday “temporary measures” intended to maintain the CDM into 2021 and serve as a stopgap until countries can decide whether the offset mechanism can transition into the Paris Agreement era.
Read MoreFirst Swiss aviation carbon allowance auction sells out
The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.
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