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World Bank REDD programme adopts changes to align with CORSIA

Published 18:39 on January 23, 2020  /  Last updated at 00:21 on January 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

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.

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Australia widens scope for animal manure projects to earn offsets

Published 09:44 on January 22, 2020  /  Last updated at 09:45 on January 22, 2020  /  Asia Pacific, Australia, Aviation/CORSIA  /  No Comments

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.

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Shipping climate goal to cost 100 times more than industry proposing to raise

Published 18:32 on January 20, 2020  /  Last updated at 19:04 on January 21, 2020  /  Aviation/CORSIA, Climate Talks, International, Shipping  /  No Comments

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.

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Ireland announces domestic €26/t offset scheme for government air travel

Published 15:01 on January 12, 2020  /  Last updated at 15:04 on January 12, 2020  /  Aviation/CORSIA, Carbon Taxes, EMEA, EU ETS, International, Voluntary Market  /  No Comments

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.

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Low-cost EU airline emissions edge up in December on holiday period travel

Published 12:51 on January 8, 2020  /  Last updated at 17:33 on February 10, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

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.

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US airline JetBlue to offset all domestic flight emissions

Published 17:59 on January 6, 2020  /  Last updated at 17:59 on January 6, 2020  /  Aviation/CORSIA, International, REDD, RINs & LCFS, US, Voluntary Market  /  No Comments

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.

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CBL announces strategic moves in US offset, CORSIA aviation carbon markets

Published 14:41 on December 18, 2019  /  Last updated at 17:28 on December 18, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

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.

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COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit

Published 13:19 on December 15, 2019  /  Last updated at 23:31 on January 5, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 18:35 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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