Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*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.
Read MoreICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision
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.
Read MoreCORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show
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.
Read MoreVerra seeks clarifications, changes on aviation offset restrictions under CORSIA
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.
Read MoreChina could supply 40 mln early offsets to CORSIA -report
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.
Read MoreAirlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis
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.
Read MoreUN approves six offset programmes, vintage restrictions for CORSIA aviation scheme
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.
Read MoreConsortium launches new voluntary carbon credit in China’s Guangdong
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.
Read MoreUN panel backs offset vintage restrictions for CORSIA global aviation scheme -sources
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.
Read MoreSouth Korea approves first batch of overseas CDM projects
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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