ICAO 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 MoreMajor Chinese oil firm buys “carbon neutral” LNG from Shell
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.
Read MoreShanghai ETS firms face marginally tighter allocation, looser offset limits
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.
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 MoreGuangdong exchange introduces price control on carbon offset trade
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.
Read MoreChina takes coal off green bond eligibility list, adds emissions trading services
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.
Read MoreEight offset programmes apply for CORSIA aviation mechanism during second intake
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.
Read MoreChina coal integration plan raises questions for carbon market
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.
Read MoreLawmaker and solar tycoon calls for China to ditch ETS for carbon tax
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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