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Jamaica expands, deepens Paris NDC alongside Article 6 mention

Published 16:31 on July 1, 2020  /  Last updated at 19:40 on July 1, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central  /  No Comments

Jamaica has increased the ambition of its emissions reduction commitment in a new economy-wide Paris Agreement NDC, while also signalling that it may use market mechanisms for either its own targets or to assist other countries.

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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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Market stability mechanisms both a necessity and deterrent to ETS linking -study

Published 22:15 on June 22, 2020  /  Last updated at 01:22 on June 23, 2020  /  Americas, Asia Pacific, Carbon Taxes, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Mechanisms that help manage unexpected shocks in emissions trading schemes are a necessary consideration when weighing the linking of two carbon markets, however existing ones can also act as a deterrent to connecting systems, according to a study released late Friday.

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At EU-China summit, Brussels presses Beijing to forge net zero path

Published 17:38 on June 22, 2020  /  Last updated at 00:28 on June 23, 2020  /  China, Climate Talks, EMEA, EU ETS, International  /  No Comments

EU leaders urged their Chinese counterparts at an online summit on Monday to outline a path towards net zero emissions, though the talks ended without major progress on climate diplomacy.

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Eyeing voluntary market split, Gold Standard seeks firm line on Paris-era offsetting

Published 18:07 on June 19, 2020  /  Last updated at 06:26 on June 20, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Offset certifier Gold Standard plans to differentiate post-2020 vintage carbon credits depending on whether host nations make corresponding adjustments to their emissions inventories, a firm line that may force offset buyers to drastically rethink their voluntary climate strategies.

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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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CO2 border measures can’t combine with free ETS allocation, says EU’s top trade official

Published 19:19 on June 3, 2020  /  Last updated at 22:32 on June 3, 2020  /  China, Climate Talks, EMEA, EU ETS, International  /  No Comments

Imposing a border carbon adjustment (BCA) on EU imports cannot be combined with continued free ETS allowance allocations for affected sectors, the bloc’s top trade official Sabine Weyand said on Wednesday.

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CARBON PULSE CONVERSATIONS 011: EnergyLab (Chile)

Published 02:11 on June 3, 2020  /  Last updated at 02:11 on June 3, 2020  /  Americas, Carbon Taxes, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

In the latest edition of our Carbon Pulse Conversations podcast, we chat with Cristian Mosella, co-founder and executive director of Chilean consultancy EnergyLab, about the South American country’s recent COP25 presidency, its updated Paris Agreement NDC, and developments regarding a potential emissions trading programme and the current carbon tax.

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RGGI administrator distances carbon market from unauthorised CORSIA application

Published 15:41 on May 29, 2020  /  Last updated at 23:34 on May 29, 2020  /  Americas, Aviation/CORSIA, Climate Talks, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A third-party submission to qualify RGGI allowances and offsets for eligibility in the global aviation scheme CORSIA was not sanctioned by the Northeast US cap-and-trade programme and runs counter to existing regulations, the market administrator has told Carbon Pulse.

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