UK levy on airlines, big oil could fund land-based carbon trading, say government advisors
The UK should consider imposing a levy on airlines and fossil fuel companies to help spur a woodland carbon trading scheme, the country’s official climate advisors said on Wednesday.
Read MoreWorld Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreAustralia widens scope for animal manure projects to earn offsets
Australia has implemented a new offset method that broadens the scope for pig and dairy farmers to earn carbon credits, the Clean Energy Regulator said Wednesday.
Read MoreShipping climate goal to cost 100 times more than industry proposing to raise
Global investment of $50-70 billion a year will be needed to halve emissions from shipping by 2050, a scale 100 times greater than an industry-proposed $2/t levy would raise but a level experts say has already been borne by the maritime sector within living memory.
Read MoreIreland announces domestic €26/t offset scheme for government air travel
Ireland on Sunday unveiled a new programme to offset the emissions from government air travel, with public sector departments required to pay €26 for every tonne of CO2 towards domestic mitigation efforts.
Read MoreLow-cost EU airline emissions edge up in December on holiday period travel
Two of Europe’s biggest low-cost airlines increased their emissions in December compared to the previous month, as air travel picked up during the year-end holiday period.
Read MoreUS airline JetBlue to offset all domestic flight emissions
Low-cost US airline JetBlue announced Monday that it will purchase carbon credits to offset emissions from all its domestic flights beginning in July, while also expanding its sustainable aviation fuel usage.
Read MoreCBL announces strategic moves in US offset, CORSIA aviation carbon markets
Trading platform CBL Markets has announced two major developments that it says will help it build a commanding market share while improving confidence in major burgeoning carbon markets, including US offsets and ICAO’s CORSIA scheme for international aviation.
Read MoreCOP25: Testing Article 6 talks delayed for second year after marathon UN climate summit
Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.
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