Chile to implement CO2 budget, consider markets in updated NDC
Chile will aim to peak its GHG emissions in 2025 and set a carbon budget for the coming decade as part of its new Paris Agreement contribution submitted Thursday, and will also start a public-private dialogue on how international emissions trading may help meet those targets.
Read MoreSeveral states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes
At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.
Read MoreFEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreGlobal coal power keeps coming even if almost half is unprofitable -report
Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.
Read MoreAirlines seek CORSIA changes in light of virus impact
Airlines are urging governments to alter the UN’s international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.
Read MoreCoronavirus plagues South Africa carbon tax collections
The coronavirus crisis is introducing a number of problems for South Africa and its new carbon tax, including preventing emitters from registering to pay it, experts say.
Read MoreCOMMENT: Five massive drivers of future demand for offsets
Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide. Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore. And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.
Read MoreCOMMENT: Doubling down on climate action in the time of corona
Let this economic crisis not be a brake on the low-carbon transition, but an accelerator. With the Green Deal as a compass, we can marry our emergency spending with structural changes that will prepare us for a greener tomorrow. Because we cannot backtrack on our climate commitments, neither governments nor companies. That is more than crisis management, that is responsible policy, writes Renat Heuberger, CEO, South Pole.
Read MoreUPDATE – Colombia extends verification arrangements for carbon tax offset projects
Colombia has prolonged temporary verification requirements for domestic offsets eligible for use against the South American nation’s carbon levy as the federal government continues work on its accreditation programme for in-country projects.
Read MoreUK should form national offset watchdog, think-tank says
The UK should set up a national body to guarantee the credibility of domestic carbon offsetting and spur land restoration, according to a report published by a think-tank on Thursday.
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