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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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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

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.

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EU chief warns on CO2 border measures, praises California, China

Published 18:53 on January 22, 2020  /  Last updated at 21:16 on January 22, 2020  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, US  /  No Comments

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.

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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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Korean developers lukewarm about China CDM opportunities

Published 10:28 on January 16, 2020  /  Last updated at 02:10 on January 17, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

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.

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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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EU’s Energy Community neighbours progress carbon pricing plans

Published 19:15 on January 14, 2020  /  Last updated at 23:41 on January 14, 2020  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

The EU’s southeastern neighbours have appointed a Greek consultancy to help them design a carbon pricing mechanism to help decarbonise their power sectors.

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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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Ireland announces domestic €26/t offset scheme for government air travel

Published 15:01 on January 12, 2020  /  Last updated at 15:04 on January 12, 2020  /  Aviation/CORSIA, Carbon Taxes, EMEA, EU ETS, International, Voluntary Market  /  No Comments

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.

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Low-cost EU airline emissions edge up in December on holiday period travel

Published 12:51 on January 8, 2020  /  Last updated at 12:51 on January 8, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

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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