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Global CO2 trading volume up 5% in 2017, value up 22% as major markets extend rules -analysts

Published 15:03 on January 18, 2018  /  Last updated at 08:26 on January 19, 2018  /  Americas, Asia Pacific, Aviation, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 5% in 2017 to 6.3 billion tonnes of CO2e while the overall value of the markets climbed 22% to €41 billion ($33.5 billion), the Point Carbon analysts at Thomson Reuters said in a market review published Thursday.

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Natural Capital Partners, VCS hit back at claims of dodgy Cambodian REDD offsets

Published 11:08 on January 12, 2018  /  Last updated at 11:19 on January 12, 2018  /  Asia Pacific, Aviation, International, Other APAC, REDD, Voluntary Market  /  No Comments

Carbon brokers Natural Capital Partners and the Voluntary Carbon Standard (VCS) have hit back against claims that offsets from the Oddar Meanchey REDD project in Cambodia lack environmental integrity.

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Virgin Atlantic becomes latest firm to shun credits from controversial Cambodian REDD project

Published 18:59 on January 10, 2018  /  Last updated at 18:59 on January 10, 2018  /  Africa, Asia Pacific, Aviation, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

Airline Virgin Atlantic has become the latest firm to remove a Cambodian REDD+ project from its portfolio of offset sources, according to media reports, amid ongoing claims that large areas covered by the initiative were subject to rampant deforestation.

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ICAO draft sets out basis for eligible CORSIA credits, defers to programmes 

Published 18:24 on January 9, 2018  /  Last updated at 09:27 on January 10, 2018  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN agency ICAO has proposed to defer much of the responsibility for ensuring the environmental integrity of carbon credits eligible for its CORSIA aviation offsetting scheme to the credit standards themselves, according to a preliminary draft of the rules seen by Carbon Pulse.

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UK seeks views on aviation EU ETS changes that could carry net cost of up to £945 mln

Published 12:40 on December 8, 2017  /  Last updated at 12:40 on December 8, 2017  /  Aviation, EMEA, EU ETS, International  /  No Comments

The UK government has opened a consultation on the agreed amendments to the aviation EU ETS, measures it forecasts could carry a net cost of as much as £945 million to carriers, government, and society.

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ANALYSIS: Airlines face CORSIA cost hike as hunt for cheap CO2 cuts gathers pace 

Published 19:37 on December 5, 2017  /  Last updated at 04:20 on December 6, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Airlines face the prospect of rapidly rising prices for carbon offsets to meet their CORSIA goals as regulators dither on agreeing rules and countries forge their own climate policies.

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Australian airline launches first carbon neutral destination

Published 10:39 on December 5, 2017  /  Last updated at 14:34 on December 5, 2017  /  Asia Pacific, Australia, Aviation, Voluntary Market  /  No Comments

Australian airline QantasLink this week opened two new domestic routes for which it will offset all associated emissions through buying carbon credits generated from tree planting.

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IAG chief says airline climate goals insufficient as airlines seek EU ETS exit 

Published 19:42 on December 4, 2017  /  Last updated at 19:42 on December 4, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Aviation’s global climate goals are not enough in the long term, according to IAG boss Willie Walsh, who said the sector eventually faces being suppressed by governments if it cannot achieve environmental sustainability.

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Air New Zealand works with NZ government on new forest carbon fund

Published 10:16 on November 27, 2017  /  Last updated at 12:43 on November 27, 2017  /  Asia Pacific, Aviation, International, New Zealand  /  No Comments

Air New Zealand is working with the NZ government to assess setting up a new fund to drive investment in forest planting that would cut greenhouse gas emissions and generate carbon units.

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Chinese firm makes overseas acquisition to trade carbon in EU ETS, CORSIA

Published 09:52 on November 27, 2017  /  Last updated at 12:54 on November 27, 2017  /  Aviation, China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Voluntary Market  /  No Comments

Chinese trading firm Sovran has reached a deal to buy a NYSE-Euronext listed telecoms company, which it intends to use as a platform to trade carbon in the EU ETS and CORSIA aviation offset market.

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