World Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) made revisions to its deforestation reduction programme methodology on Wednesday in response to comments from an UN aviation expert panel with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreEU chief warns on CO2 border measures, praises California, China
European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.
Read MoreShipping climate goal to cost 100 times more than industry proposing to raise
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.
Read MoreKorean developers lukewarm about China CDM opportunities
Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.
Read MoreCORRECTION: As Trump blocks UN efforts to curb HFCs, US lawmakers try another way
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.
Read MoreEU’s Energy Community neighbours progress carbon pricing plans
The EU’s southeastern neighbours have appointed a Greek consultancy to help them design a carbon pricing mechanism to help decarbonise their power sectors.
Read MoreChile introduces offset provision in updated draft climate change law
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.
Read MoreIreland announces domestic €26/t offset scheme for government air travel
Ireland on Sunday unveiled a new programme to offset the emissions from government air travel, with public sector departments required to pay €26 for every tonne of CO2 towards domestic mitigation efforts.
Read MoreLow-cost EU airline emissions edge up in December on holiday period travel
Two of Europe’s biggest low-cost airlines increased their emissions in December compared to the previous month, as air travel picked up during the year-end holiday period.
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