CN Markets: Pilot market data for week ending Jan. 24, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreWorld Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreKorean developers lukewarm about China CDM opportunities
Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.
Read MoreWorld Bank loan to bolster China’s fledgling forest carbon market
The World Bank has agreed to fund almost a quarter of a Chinese government forest ecosystem programme in the upper Yangtze region set to store some 23.5 million tonnes of CO2 over the next three decades and supply carbon credits to the national emissions trading scheme.
Read MoreCOP25: UN’s CORSIA advisory panel to make aviation offset recommendations in January
An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut.
Read MoreCOP25: Pakistan takes step towards domestic carbon market, offset link with China
Pakistan has set up a national committee to assess the role and scope of a potential domestic carbon market as well as entering into a bilateral deal that could see the nation supply offsets to China’s national emissions trading scheme.
Read MoreCOP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants
A recent study challenging the carbon credit standards that have applied for the global CORSIA aviation offsetting scheme made questionable interpretations of the programme’s environmental criteria, and also ran counter to UN body ICAO’s own guidance in the process, developers and brokers said Friday.
Read MoreChina’s Shanxi launches forest carbon pilot programme
Shanxi has become the latest Chinese province to launch a programme for generating forest carbon credits, local media reported, a move that could see its offsets gain eligibility in the nation’s ETS and even eventually in ICAO’s CORSIA aviation scheme as part of China’s new voluntary programme.
Read MoreNone of 14 offset standard contenders meet CORSIA aviation scheme criteria -report
None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.
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