As CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines
Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.
Read MoreCarbon veteran leaves Sindicatum following offset portfolio sales
A veteran carbon expert has left project developer Sindicatum to pursue other opportunities, Carbon Pulse has learned, several months after the Singapore-based firm sold its US and Asian offset portfolios.
Read MoreCARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?
The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.
Read MoreFour British carbon investment fraudsters sentenced to 32 years in prison
Four British men have been jailed for a combined 32.5 years after being found to have operated a £2.4 million fraud that involved mis-selling carbon credits to 130 victims.
Read MoreSouth Korea orders Samsung to pull failed CDM project
The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.
Read MoreFOREST TRENDS: Illegal mining forces suspension of ground-breaking voluntary forest carbon project in Brazil
As the first indigenous-led conservation effort to be financed through the sale of carbon offsets, the Suruí Forest Carbon Project (PCFS in Portuguese) dramatically slowed deforestation and incubated sustainable livelihood programs in Brazil’s Sete de Setembro Indigenous Territory (TISS), but a dramatic surge in illegal mining activities throughout the region in which TISS is located has forced the Paiter-Suruí indigenous people and their partners to suspend the program indefinitely.
Read MoreNations seek stripped-down Paris rulebook as work piles up
Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.
Read MoreCDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit
The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.
Read MoreEU carbon price hike boosts hope for Paris rulebook deal, though markets may be sacrificed
A rapidly-rising EU carbon price is helping to boost confidence that the Paris Agreement rulebook will be finalised this year, though this could mean leaving out guidance on how carbon markets will operate under the UN pact.
Read MoreNegotiators, observers upbeat on Article 6 talks ahead of Bangkok
Negotiations on the future carbon market mechanisms under Article 6 of the Paris Agreement are making good progress, with expectations that next week’s climate conference in Bangkok will see final text start to take shape, according to stakeholders.
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