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World Bank REDD programme adopts changes to align with CORSIA

Published 18:39 on January 23, 2020  /  Last updated at 00:21 on January 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Shipping climate goal to cost 100 times more than industry proposing to raise

Published 18:32 on January 20, 2020  /  Last updated at 19:04 on January 21, 2020  /  Aviation/CORSIA, Climate Talks, International, Shipping  /  No Comments

Global investment of $50-70 billion a year will be needed to halve emissions from shipping by 2050, a scale 100 times greater than an industry-proposed $2/t levy would raise but a level experts say has already been borne by the maritime sector within living memory.

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CORRECTION: As Trump blocks UN efforts to curb HFCs, US lawmakers try another way

Published 23:03 on January 14, 2020  /  Last updated at 13:59 on January 15, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, US  /  No Comments

US Congressional lawmakers have introduced a bipartisan act for a phase-down of highly potent HFC refrigerant gases, aiming to sidestep President Donald Trump’s refusal to ratify a UN pact amendment that would accomplish those goals.

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Chile introduces offset provision in updated draft climate change law

Published 22:45 on January 13, 2020  /  Last updated at 23:27 on January 13, 2020  /  Americas, Carbon Taxes, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

Chilean emitters may use offset credits to comply with potential GHG limits under part of the country’s updated draft climate change law, as the beleaguered national government resumes work to hit more ambitious emission reduction targets.

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Countries should consider pausing global carbon market talks -NZ minister

Published 02:36 on December 18, 2019  /  Last updated at 23:12 on December 18, 2019  /  Asia Pacific, Climate Talks, International, New Market Mechanisms, New Zealand  /  No Comments

Disputes over the rules for the markets chapter of the Paris Agreement may not be reconcilable and countries should consider pressing pause on these talks for a few years, New Zealand’s climate minister James Shaw said Wednesday.

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CP Daily: COP25 SPECIAL

Published 22:26 on December 15, 2019  /  Last updated at 22:35 on December 15, 2019  /  Climate Talks, International, Newsletter  /  No Comments

A summary of Carbon Pulse’s reporting from the COP25 climate talks in Madrid, which set a length record as negotiations finally wrapped up on Sunday afternoon (it was meant to end Friday evening!).

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COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit

Published 13:19 on December 15, 2019  /  Last updated at 23:31 on January 5, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.

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COP25: Roundup for Saturday and Sunday, Dec. 14-15

Published 09:47 on December 14, 2019  /  Last updated at 08:51 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued. 

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COP25: Amid record high carbon prices, South Korea pins hopes on UN solution

Published 15:09 on December 13, 2019  /  Last updated at 15:09 on December 13, 2019  /  Asia Pacific, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.

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COP25: Roundup for Friday, Dec. 13

Published 14:18 on December 13, 2019  /  Last updated at 18:35 on December 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.

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