ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later
President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.
Read MoreVoluntary offset prices flat in 2019 amid scramble for cheap renewable units -report
Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects.
Read MoreUN’s CORSIA to add €0.17 to ticket prices for flights leaving EU -study
The UN’s CORSIA international aviation offsetting mechanism will add just 17 euro cents to ticket prices for long-haul flights from the EU, according to an NGO-commissioned study published Wednesday.
Read MoreANALYSIS: Can Australia make its massive soil carbon plan work?
Australia has announced plans to use its offset market to cut a staggering 35-90 MtCO2e worth of emissions every year through soil carbon projects, but even if the technological challenges are overcome, who will buy all those credits?
Read MoreChina commits to peaking GHG emissions before 2030, carbon neutrality before 2060
China will strengthen its climate policies, strive to peak its emissions before 2030, and become carbon neutral before 2060, President Xi Jinping told the UN General Assembly Tuesday in a surprise move that signals a significant step-up in climate ambition for the world’s biggest emitter.
Read MoreBrussels plans emissions-cutting revamp of EU air traffic rules
The European Commission proposed an upgrade to its air traffic management framework on Tuesday, aiming to overcome many failed attempts and to cut the sector’s emissions by 10%.
Read MoreSouth Korean firm strikes rare China CDM deal
A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.
Read MoreCO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report
Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday.
Read MoreFrench plans for aviation tax hike to face parliament after ministerial split
France’s parliament will have the last word over a citizen-led climate proposal to increase an aviation levy, following an inter-ministerial dispute and warnings that the hike may hit the country’s economy, the head of a French consultative assembly said on Monday.
Read MoreChina’s State Council backs voluntary offset exchange
China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.
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