EU emitters ramp up Kyoto offset usage as cheap ETS compliance option enters final year
Companies regulated by the EU ETS exchanged over 27 million Kyoto Protocol offsets for EUAs in the past 12 months, ramping up the practice with just a year left for emitters to tap this cheaper compliance option.
Read MoreCARBON PULSE CONVERSATIONS 008: New Zealand Climate Change Commission/Motu Research Institute
In this latest episode of our Carbon Pulse Conversations podcast, we speak to Catherine Leining, policy fellow at the Motu Economic and Public Policy Research Institute and a member of New Zealand’s independent Climate Change Commission, about the ongoing NZ ETS reform work and the prospects of the country accessing the international carbon market.
Read MoreCARBON PULSE CONVERSATIONS 007: The Nature Conservancy
In the latest instalment of the Carbon Pulse Conversations podcast, we chat with Kelley Hamrick, policy advisor at US-based environmental organisation The Nature Conservancy (TNC), about coronavirus-related impacts on the Paris Agreement’s Article 6 negotiations and ICAO’s global aviation offset mechanism CORSIA.
Read MoreANALYSIS: COVID-19 effects bite on airlines’ Q1 results, but major losses yet to come
Major European airlines have reported shrinking revenues for Q1 2020 as coronavirus containment efforts ground flights and passengers, with results expected to worsen for the next two quarters as bosses predict the sector will take several years to recover.
Read MoreEU Aviation Allowance prices crash as COVID-19 grounds sector
Prices for EU Aviation Allowances (EUAA) have collapsed in the past few days as experts see zero demand in the coming months from the sector, which has been ravaged by the coronavirus pandemic.
Read MoreVirus impacts to suppress EU ETS prices into 2021, but lawmaker will seen strong -survey
COVID-19 impacts will weigh on EUA prices into next year but not on EU lawmakers’ resolve to reform the market or wider climate policies, according to a survey published on Wednesday.
Read MoreFrench energy major Total restricts full net zero climate ambition to Europe
French energy major Total has set new 2050 voluntary goals to reach net zero emissions from its global operations, as well as from its products sold to European customers, the company announced on Tuesday.
Read MoreLead US climate negotiator departs for sustainability consultancy
The US State Department’s chief climate negotiator has exited President Donald Trump’s administration for a role in the sustainability consulting arm of a multinational utility, Carbon Pulse has learned.
Read MoreGlobal CO2 emissions to see historic drop in 2020 amid virus crisis -IEA
Countermeasures to defeat the COVID-19 pandemic including complete lockdowns in a number of countries are causing unprecedented drops in global energy demand and will likely drive a massive fall in worldwide greenhouse gas emissions this year, the International Energy Agency said Thursday.
Read MoreGreen Deal the ‘compass’ to guide EU’s post-virus recovery, urge Merkel, von der Leyen
German Chancellor Angela Merkel on Tuesday reiterated her support for a more ambitious EU emissions reduction target for 2030, and along with European Commission President Ursula von der Leyen urged fellow lawmakers to ensure that the bloc’s Green Deal is a central and guiding component of Europe’s post-coronavirus recovery plan.
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