Chemical firm takes Korean CER cancellations above 14 million
South Korea’s Hu-Chems Fine Chemical Corp. this week converted 360,000 CERs into offsets eligible in the Korean ETS, taking the total number of Korean CER cancellations above 14 million.
Read MoreValue of world’s carbon pricing schemes edges up year-on-year while govt revenues drop -report
The combined value of the world’s carbon markets and CO2 tax regimes rose by 7% in 2017, with eight new pricing initiatives helping to nearly double the total number over the past five years, but government revenues have dropped by some 15%, according to a new report published Tuesday.
Read MoreCARBON FORWARD 2017: The agenda for this year’s event is taking shape…
Following the immense success of the inaugural Carbon Forward 2016 conference and training day, this year Carbon Forward 2017 will delve deeper into the issues affecting companies with exposure to the EU Emissions Trading System (ETS) and other carbon markets worldwide.
Read MoreAfter the money dries up, CDM project discontinuation risks vary drastically -study
Some CDM project types face considerably higher risks than others of being discontinued due to the disappearance of carbon offset revenues, a new study shows, threatening to raise CO2 emissions by roughly a billion tonnes in the developing world if the facilities are dismantled.
Read MoreUN climate negotiators plough on as US withdrawal prospect overshadows details
The UN’s intersessional climate talks wrapped up on Thursday after making incremental progress on a Paris Agreement rulebook, with observers drawing hope from emerging details of efforts by major economies to counter the impact of a potential US withdrawal from the process.
Read MoreALLCOT’s Voluntary Carbon Market Report – May 2017
In this month’s issue, ALLCOT looks at a reported rise in demand for CP1 CERs and what it means for VERs, plus they examine a new policy brief from The Gold Standard that suggests the development of NDCs risks marginalising carbon offsetting.
Read MoreICAO opens talks on offsets with World Bank REDD programme
UN aviation body ICAO is in talks with the World Bank-led Forest Carbon Partnership Facility (FCPF) as part of the agency’s ongoing work into whether REDD credits could be allowed into its CORSIA global offset scheme.
Read MoreCDM EB to attempt to market scheme to development banks
The CDM’s Executive Board last week named the first members of the newly-created Meth Panel, reprimanded two project auditors, and agreed to advance work to enhance collaboration between the scheme’s regional collaboration centres (RCCs) and national development banks.
Read MoreNew South Korean president seen as good news for climate, carbon market
The election of left-leaning liberal Moon Jae-in as South Korea’s new president is set to bring about a review of the nation’s coal expansion plans and could slow the process of loosening rules under its emissions trading scheme, according to experts.
Read MoreBrussels held an 8-week consultation on its controversial aviation ETS plan and only four Germans responded
Four German citizens were the only respondents to an eight-week public consultation held by the European Commission over its divisive proposal to extend the limited coverage of the EU aviation ETS, and all four opposed the idea.
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