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ICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase

Published 22:47 on June 30, 2020  /  Last updated at 00:22 on July 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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US threatens CORSIA exit if GHG baseline decision not made next week

Published 20:17 on June 26, 2020  /  Last updated at 21:51 on June 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Major Chinese oil firm buys “carbon neutral” LNG from Shell

Published 10:14 on June 22, 2020  /  Last updated at 23:57 on June 22, 2020  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

One of China’s biggest oil companies has agreed to buy carbon credits along with two shipments of LNG from Shell, seeking to offset all the lifecycle emissions associated with the shipment in the first such deal for mainland China.

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Shanghai ETS firms face marginally tighter allocation, looser offset limits

Published 09:12 on June 22, 2020  /  Last updated at 23:55 on June 22, 2020  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

The Shanghai government has released the 2019 allocation for its emissions trading scheme, keeping the number of allowances in play at the same level as before despite including more companies, while also tripling the amount of offsets emitters can use for compliance.

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Greater clarity on CORSIA offset supply, eligibility necessary for enhanced market participation -report

Published 22:52 on June 17, 2020  /  Last updated at 22:52 on June 17, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.  

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Guangdong exchange introduces price control on carbon offset trade

Published 10:57 on June 11, 2020  /  Last updated at 23:35 on June 11, 2020  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

The China Emissions Exchange in Guangzhou has introduced limits on daily price movements for Guangdong’s provincial carbon credits in a bid to ensure stability and prevent market manipulation.

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China takes coal off green bond eligibility list, adds emissions trading services

Published 09:22 on May 29, 2020  /  Last updated at 23:38 on May 29, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Chinese companies will no longer be allowed to use the green bond market to finance efficient coal power plants, according to a proposal published Friday by the country’s central bank, but the debt instruments can be used to back service providers for carbon credit and renewable energy credit trading.

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Eight offset programmes apply for CORSIA aviation mechanism during second intake

Published 22:34 on May 26, 2020  /  Last updated at 14:05 on May 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN aviation body ICAO’s expert panel will consider eight additional emissions unit programmes for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto-era crediting methodologies to jurisdictional-scale forest and land-use activities to an unauthorised application to incorporate the Northeast US RGGI carbon market.

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China coal integration plan raises questions for carbon market

Published 10:23 on May 25, 2020  /  Last updated at 00:21 on May 27, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China has announced major merger plans in the coal sector to pave the way for shutting down over-capacity, raising questions about its intensity-based approach to doling out CO2 allowances under its emissions trading scheme.

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Lawmaker and solar tycoon calls for China to ditch ETS for carbon tax

Published 13:52 on May 22, 2020  /  Last updated at 15:42 on May 22, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China should drop its emissions trading scheme and instead introduce a carbon tax to raise revenue and boost renewable energy, a deputy delegate to China’s National People’s Congress who is also the CEO of a solar power firm said on Friday.

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