WRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreMexican carbon tax to operate alongside market, though stakeholders say offset rules must change
Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.
Read MoreExxonMobil voids another big batch of Colombian CERs against country’s carbon tax, almost doubling total
US oil major ExxonMobil continued its brisk pace of Colombian CER cancellations this week, annulling another huge batch against the country’s carbon tax.
Read MoreColombian CER cancellations surge after new offset restrictions imposed
The number of Colombian CERs voluntarily cancelled by emitters against the country’s carbon tax has surged over the past three months, following the introduction of new offset usage restrictions in January.
Read MoreOffset restrictions needed to ensure CORSIA integrity, spur new project investment -study
In the absence of any eligibility restrictions, ICAO’s CORSIA offset scheme may not be able to deliver sufficient emissions reductions in aviation by using CERs, according to a study released Thursday.
Read MoreUN floats draft rulebook for international emissions trade, keeps CERs on the table
UN officials on Friday released a draft paper to help guide governments working on a year-end deadline to finalise rules on international emissions trade under the Article 6 of the Paris Agreement.
Read MoreUS voices support for UN’s CORSIA aviation scheme, quelling some worries
The US has voiced its support for the UN’s international aviation offset scheme and its draft rules, diminishing fears that the Trump administration would try to water down or decline to initially partake in the mechanism to tackle the sector’s growing impact on climate change.
Read MoreNorway seeks later CORSIA offset cut-off, vows non-cooperation if deal weakened
Norway is seeking an even later CORSIA offset vintage limit than that of the EU and has suggested it won’t participate in the remaining work to design the international aviation carbon market if the proposed rules are watered down any further.
Read MoreEU presses for CORSIA offset cut-off date if rulebook gets reopened
The EU has kept its pledge to accept the draft CORSIA rulebook without changes but has tabled a slew of demands, including an offset vintage limit, should UN body ICAO reopen the package.
Read MoreSouth Korea issues draft rules for allowing foreign offsets into ETS, auctions
The South Korean government on Wednesday released long-awaited draft regulations for the eligibility of UN-issued carbon offsets in its national emissions trading system, as well as for CO2 permit auctions that will begin next year.
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