Airlines 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 MoreCOP26 climate summit postponed to 2021 over coronavirus fears
Governments have agreed to delay the COP26 summit in Glasgow until 2021 due to the COVID-19 pandemic, meaning the nearly 200 parties to the Paris Agreement will probably have to wait at least another six months to agree the rulebook for international emissions trading under the 2015 climate pact.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreCOMMENT: ICAO’s carbon market report offers valuable lessons for Article 6 talks
A report by experts recommending carbon credits for the ICAO’s CORSIA international aviation mechanism provides valuable lessons for the Article 6 negotiations. Even in the absence of an Article 6 agreement at COP26, countries which want to use global carbon markets should heed these lessons.
Read MoreCORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show
ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
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