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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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ICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision

Published 21:31 on March 26, 2020  /  Last updated at 21:31 on March 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.

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CORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show

Published 22:07 on March 24, 2020  /  Last updated at 11:08 on March 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.

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Verra seeks clarifications, changes on aviation offset restrictions under CORSIA

Published 21:32 on March 19, 2020  /  Last updated at 22:36 on March 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is planning a series of alterations to its Verified Carbon Standard (VCS) project types that the ICAO Council declined to approve for use under the international aviation offset system CORSIA.

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China could supply 40 mln early offsets to CORSIA -report

Published 10:31 on March 18, 2020  /  Last updated at 10:31 on March 18, 2020  /  Aviation/CORSIA, China, China's Offset Market, International  /  No Comments

Chinese projects could generate some 40 million carbon credits eligible for the international aviation industry’s offset market, according to a report published on Wednesday, which stressed the programme would need improvements to remain competitive.

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Airlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis

Published 21:17 on March 16, 2020  /  Last updated at 22:07 on March 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

A flexibility mechanism built into the global aviation offset programme CORSIA could dampen carbon credit obligations during the scheme’s pilot phase to address coronavirus-related impacts on the emission baseline, eliminating the need for any changes to the underlying ICAO resolution, according to a green group’s analysis.

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UN approves six offset programmes, vintage restrictions for CORSIA aviation scheme

Published 19:03 on March 13, 2020  /  Last updated at 00:17 on March 14, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The ICAO Council on Friday endorsed six programmes in full and two others on a conditional basis to supply the UN body’s CORSIA international aviation offset mechanism, with eligible carbon credits initially restricted to a five-year window.

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Consortium launches new voluntary carbon credit in China’s Guangdong

Published 12:54 on March 5, 2020  /  Last updated at 14:11 on March 5, 2020  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

A group of companies and organisations in China’s Guangdong province has launched an ‘ecological compensation’ offset standard, one of the first initiatives to target Chinese voluntary buyers.

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UN panel backs offset vintage restrictions for CORSIA global aviation scheme -sources

Published 18:48 on March 3, 2020  /  Last updated at 14:32 on March 4, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

UN aviation body ICAO should initially restrict carbon credits eligible for its CORSIA international offset mechanism to those generated during a five-year window, an expert panel has recommended, according to two sources close to the process.

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South Korea approves first batch of overseas CDM projects

Published 08:11 on February 26, 2020  /  Last updated at 09:31 on February 26, 2020  /  Africa, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

South Korea has approved the first batch of Korean-owned CDM projects abroad that can generate carbon credits for the domestic emissions market.

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