New UN Article 6 text emerges to raise hopes of emission trade deal this year
The UN produced a new draft text on rules covering international emissions trade on Tuesday, after governments broke a deadlock that some observers said raises the prospects for a deal later this year on the Paris Agreement’s divisive Article 6.
Read MoreEU emitters up Kyoto offset usage as high EUA prices bite, deadline nears
Companies regulated by Europe’s carbon market have exchanged almost 16 million Kyoto Protocol offsets for EU Allowances in the past six months, significantly ramping up the practice as EUA prices hit an 11-year high and as the usage deadline approaches.
Read MoreUK set to host 2020 UN climate talks after Italy backs bid
The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.
Read MoreChina lays foundation for voluntary carbon market
China has for the first time laid out rules for carbon neutralising major events and activities, including defining which types of carbon credits would be eligible, a first step towards creating a voluntary GHG market in the world’s biggest-emitting nation.
Read MoreVoluntary carbon market stakes claim to thrive in Paris era
Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreEU airlines face CORSIA uncertainty as states order MRV rule re-write
EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.
Read MoreUPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach
Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.
Read MoreICAO targets Feb. 2020 for first CORSIA offset unit recommendations
The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.
Read MoreKorean firms eye Myanmar mangrove CDM project
South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.
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