Greens warn against voluntary offset transition without corresponding adjustments
The absence of corresponding adjustments on voluntary carbon credit transfers over the next decade risks double counting emission reductions and obscuring climate mitigation progress, environmental organisations argued Thursday.
Read MoreIMO policy should establish higher GHG reduction threshold for biofuels than CORSIA -report
The International Maritime Organization (IMO) should model its plan to decarbonise the global shipping sector on the CORSIA programme for aviation, but it should go further than its fellow UN body ICAO in setting a more ambitious carbon reduction target for sustainable fuels, according to a report published this week.
Read MoreWith international aviation climate efforts diluted, EU considers beefing up its own laws
The EU is re-examining its climate policy for airlines, including a potential return to covering foreign flights in its carbon market, after the UN’s CORSIA international aviation offsetting scheme was effectively put on ice last week.
Read MoreICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.
Read MoreUS threatens CORSIA exit if GHG baseline decision not made next week
The US will opt out of the first three years of the CORSIA offset mechanism for global air travel if other countries do not agree to alter the programme’s emissions baseline next week, with other nations potentially following suit, a Dutch minister said Friday.
Read MorePandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey
The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.
Read MoreEyeing voluntary market split, Gold Standard seeks firm line on Paris-era offsetting
Offset certifier Gold Standard plans to differentiate post-2020 vintage carbon credits depending on whether host nations make corresponding adjustments to their emissions inventories, a firm line that may force offset buyers to drastically rethink their voluntary climate strategies.
Read MoreGreater clarity on CORSIA offset supply, eligibility necessary for enhanced market participation -report
A lack of standardisation and transparency across eligible offset programmes under the international aviation offset market CORSIA is presenting a barrier to entry for participants and making it difficult to estimate credit supply, according to a new report.
Read MoreGlobal energy emissions growth sees dip in 2019 as coal’s role fades -BP
Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.
Read MoreANALYSIS: From black sheep to blue chip, offsetting wages battle for acceptance
Long seen as a shortcut for corporate climate action, offsetting is aiming for a major credibility boost this year, in a process that could transform the voluntary and compliance carbon markets.
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