Without Paris-era rules, voluntary carbon market steers own course
The voluntary carbon market is making plans to secure its future as the postponement of intergovernmental climate talks ensures the UN Paris Agreement era will begin without rules on global emissions trade.
Read MoreWorld Bank sticks to November REDD deal deadline amid virus concerns
The World Bank Forest Carbon Partnership Facility (FCPF) is adhering to the November deadline agreed earlier this year for tropical forest nations to sign their deforestation reduction agreements, even as several countries are running behind schedule.
Read MoreEU lawmakers concerned over CORSIA proposal that could breach ETS directive
A planned European Commission proposal that would legally bind the EU to implement the international CORSIA aviation offsetting scheme could take away the European Parliament’s oversight over the process, according to five EU lawmakers representing the four largest pro-European political groups.
Read MoreThailand, British Columbia to take extra time to re-apply for CORSIA eligibility
Thailand and British Columbia will miss UN body ICAO’s Monday deadline to resubmit their offset programme applications for eligibility under the CORSIA global aviation scheme, as they seek to make changes to their methodologies for future intakes.
Read MoreANALYSIS: Virus fallout means 2020 a write-off for airlines’ CORSIA offset purchases
The bottom fell out of the CORSIA international aviation offset market almost as soon as it began with the coronavirus fallout grounding airlines worldwide, yielding slim prospects for even limited test buying this year.
Read MoreBeijing delays ETS compliance deadline, holds off on aviation
The Beijing municipal government has pushed back the 2019 compliance deadline for its emissions trading scheme to October, while holding off introducing obligations for its aviation sector.
Read MoreSeveral states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreFEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreHawaii CO2 tax legislation faces uncertain future amid COVID-19 pandemic
Hawaii legislators’ plans to approve a carbon levy proposal this year are in doubt due to the COVID-19 pandemic, but the economic fallout from the virus outbreak could present an opportunity to raise critical revenue for the tourism-dependent US state, the bill sponsor told Carbon Pulse.
Read MoreAirlines seek CORSIA changes in light of virus impact
Airlines are urging governments to alter the UN’s international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.
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