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CORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show

Published 22:07 on March 24, 2020  /  Last updated at 11:08 on March 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.

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Verra seeks clarifications, changes on aviation offset restrictions under CORSIA

Published 21:32 on March 19, 2020  /  Last updated at 22:36 on March 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is planning a series of alterations to its Verified Carbon Standard (VCS) project types that the ICAO Council declined to approve for use under the international aviation offset system CORSIA.

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Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

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Good UN emission trade rules can smooth path to net zero, says UN climate envoy Carney

Published 22:06 on March 18, 2020  /  Last updated at 22:15 on March 18, 2020  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Robust international emissions trading rules under the Paris Agreement’s Article 6 can smooth the path to net zero emissions and boost the credibility of offsetting and CCS, UN envoy Mark Carney said on Wednesday.

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Airlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis

Published 21:17 on March 16, 2020  /  Last updated at 22:07 on March 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

A flexibility mechanism built into the global aviation offset programme CORSIA could dampen carbon credit obligations during the scheme’s pilot phase to address coronavirus-related impacts on the emission baseline, eliminating the need for any changes to the underlying ICAO resolution, according to a green group’s analysis.

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FEATURE: Net zero-driven carbon credit demand set to reshape offset market

Published 02:46 on March 16, 2020  /  Last updated at 21:06 on March 16, 2020  /  Climate Talks, International, REDD, Voluntary Market  /  No Comments

Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.

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UN approves six offset programmes, vintage restrictions for CORSIA aviation scheme

Published 19:03 on March 13, 2020  /  Last updated at 00:17 on March 14, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The ICAO Council on Friday endorsed six programmes in full and two others on a conditional basis to supply the UN body’s CORSIA international aviation offset mechanism, with eligible carbon credits initially restricted to a five-year window.

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Emissions trade not biggest issue for UN climate summit hosts, says former lead UK official

Published 21:16 on March 11, 2020  /  Last updated at 00:06 on March 12, 2020  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Clinching an international carbon trading deal on the Paris Agreement’s Article 6 will not be among the major issues for the British hosts of November’s UN climate talks in Glasgow, an ex-lead UK climate negotiator said on Wednesday.

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North American Carbon World conference cancelled on coronavirus caution

Published 20:14 on March 9, 2020  /  Last updated at 21:15 on March 9, 2020  /  Americas, Aviation/CORSIA, Canada, Climate Talks, International, Mexico, REDD, RINs & LCFS, South & Central, US, Voluntary Market  /  No Comments

This year’s North American Carbon World (NACW) conference in San Francisco has been cancelled due to mounting concerns over the COVID-19 coronavirus, California-based offset registry Climate Action Reserve (CAR) announced Monday.

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UN panel backs offset vintage restrictions for CORSIA global aviation scheme -sources

Published 18:48 on March 3, 2020  /  Last updated at 14:32 on March 4, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

UN aviation body ICAO should initially restrict carbon credits eligible for its CORSIA international offset mechanism to those generated during a five-year window, an expert panel has recommended, according to two sources close to the process.

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