UK set to host 2020 UN climate talks after Italy backs bid
The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.
Read MoreVoluntary carbon market stakes claim to thrive in Paris era
Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreGlobal energy emissions up 2% in 2018 in “vicious cycle” of erratic weather patterns -report
Energy-related CO2 output rose 2% worldwide last year, the fastest rate since 2011, as extreme weather stoked demand for heating and cooling, according to a report published Wednesday.
Read MoreUK to set legal course for net zero 2050 emissions
The UK will on Wednesday propose to enshrine in law a 2050 net zero greenhouse gas emissions target, Prime Minister Theresa May said in a statement late Tuesday in a bill set to go against the government’s in-house experts by leaving open the door to using international credits.
Read MoreUPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach
Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.
Read MoreICAO targets Feb. 2020 for first CORSIA offset unit recommendations
The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.
Read MoreEU ETS prices to average €36 next decade as many expect further market tightening -survey
EU carbon prices will average €36.05 over 2021-2030, according to an annual survey of market observers and participants, marking a massive 63% year-on-year gain in expectations.
Read MoreEU spurns calls to use foreign carbon credits in its ETS, for now
The EU won’t use more foreign carbon credits in its carbon market, at least for the time being, Brussels officials said on Monday in response to calls for the bloc to reignite international emissions trade.
Read MoreICAO to limit CORSIA meeting attendance to aviation programme’s technical body
UN aviation body ICAO will restrict attendance at technical meetings for the CORSIA offsetting programme to members of the scheme’s 19-person advisory board, snubbing a central demand of environmental groups that have called for greater outside participation and transparency in developing the international carbon market.
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