Hundreds of investors pressure G20 on climate targets, carbon pricing
Nearly 500 investors managing $34 trillion worth of capital are urging G20 nations to strengthen their Paris Agreement targets, and put in place policies to achieve those goals, including meaningful prices on carbon emissions and targets for phasing out fossil fuel subsidies.
Read MoreNew UN Article 6 text emerges to raise hopes of emission trade deal this year
The UN produced a new draft text on rules covering international emissions trade on Tuesday, after governments broke a deadlock that some observers said raises the prospects for a deal later this year on the Paris Agreement’s divisive Article 6.
Read MoreBeijing targets carbon neutral Winter Olympics with offsets, allowances
Organisers of the 2022 Winter Olympics in Beijing have released a plan to minimise the event’s greenhouse gas footprint, including a goal to buy or ensure donations of local carbon offsets and ETS allowances to make up for any emissions that can’t be avoided.
Read MoreEmissions exchange operator CBL Markets to merge with data firm Xpansiv
Spot emissions exchange operator CBL Markets will merge with commodity data firm Xpansiv, the companies announced on Monday.
Read MoreCalifornia lawmakers urge adoption of Tropical Forest Standard
Four California assemblymembers asked state regulator ARB this week to adopt the Tropical Forest Standard (TFS) for international sector-based offset programmes despite ongoing disagreement and environmental justice opposition to the proposal.
Read MoreNetherlands formally launches bid for EU-wide aviation tax
The Netherlands formally launched a bid for an EU-wide carbon tax on aviation on Thursday, stressing that it would take unilateral measures if the effort failed.
Read MoreCORRECTION – Canadian Conservative climate plan to eliminate CO2 tax, may count exports for Paris target
Poll-leading Canadian Conservative Party leader Andrew Scheer said Wednesday that he would eliminate the ruling Liberals’ ‘backstop’ carbon tax and alter its output-based pricing system (OBPS) if elected as prime minister this fall, while potentially exploring the use of low-carbon exports to claim emission reductions towards the country’s Paris Agreement GHG target.
Read MoreWizz Air accepts Ryanair’s monthly CO2 data challenge, declares itself “greenest” airline
European low-cost airline Wizz Air has taken up rival Ryanair’s challenge to publish monthly CO2 emissions statistics, declaring itself to be the continent’s “greenest” carrier.
Read MoreEU emitters up Kyoto offset usage as high EUA prices bite, deadline nears
Companies regulated by Europe’s carbon market have exchanged almost 16 million Kyoto Protocol offsets for EU Allowances in the past six months, significantly ramping up the practice as EUA prices hit an 11-year high and as the usage deadline approaches.
Read MoreUK set to host 2020 UN climate talks after Italy backs bid
The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.
Read More