ICAO panel agree recommendations for airlines’ CORSIA eligibility
A technical panel at UN aviation agency ICAO has settled on recommendations for how to calculate emission benefits from airlines’ use of cleaner fuels – rules that will help determine the sector’s carbon credit demand under the CORSIA offsetting mechanism.
Read MoreANALYSIS: Taking a risky route, UK airline Flybmi crashes into EU ETS Brexit ‘shield’
UK airline Flybmi collapsed over the weekend, blaming in part higher EU ETS costs, though it appears that the bloc’s Brexit-linked carbon market safeguards contributed to its ultimate death knell amid the carrier’s risky practices and despite a slew of warnings.
Read MoreWorld Bank carbon fund inks first REDD payment deals
Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.
Read MoreLacking UN guidance, Swiss to take ‘safe’ approach to sourcing credits
Switzerland will take a conservative approach to procuring international credits that is unlikely to run afoul of international guidance in the future, an official said Wednesday.
Read MoreCOP24: Failed Article 6 text offers glimpse of Paris-era emission trade
Governments will in early 2020 revisit negotiations for rules covering international emissions trade, recycling much of last week’s failed Paris Agreement Article 6 text that gave wide scope for cross-border dealing.
Read MoreEU, New Zealand agree to increase cooperation on emissions trading
The EU and New Zealand have agreed to strengthen their bilateral cooperation on emissions trading, their respective climate bosses announced on Monday.
Read MoreBRIEFING – COP24: International emissions trading pilots for the Paris era
A handful of governments and institutions are working to advance international emissions trading activities even as the rules remain unclear as to how those initiatives can be used to help meet the Paris Agreement.
Read MoreCOP24: Article 6 talks face postponement to avoid collapse of Paris rulebook -sources
Governments look set to resume talks next year on a framework for international emissions trade under the Paris Agreement’s Article 6, as negotiators seek to postpone the issue rather than risk collapsing the entire Paris rulebook, numerous sources close to the process told Carbon Pulse on Saturday.
Read MoreCOP24: Draft Article 6 text offers “bedrock” for international GHG trade, but investors uneasy
The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.
Read MoreCOP24: Companies, business groups band together to avoid double counting in carbon markets
Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.
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