CDM under “back door” threat as Paris era looms
The CDM risks being killed “through the back door” as officials consider blocking post-2020 carbon offset activity rather than waiting for countries to agree on the UN mechanism’s future under the Paris Agreement.
Read MoreUK-based service offers to convert carbon offsets into EU Allowances (spoiler: it’s not possible)
A new service is offering to “reformat” carbon offsets into more valuable EU Allowances – a conversion that isn’t actually possible based on the European carbon market’s existing rules.
Read MoreUK academics favour scaling up removal purchases in offsetting guidelines
Emitters should gradually scale up their buying of carbon removals as part of a credible voluntary climate strategy, UK academics said in a report on offsetting launched Tuesday that takes a cautious line on land-based initiatives.
Read MoreSouth Korean firm strikes rare China CDM deal
A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.
Read MoreChina’s State Council backs voluntary offset exchange
China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.
Read MoreEU Parliament study assesses the assembly’s own GHG reduction pathways
The European Parliament should put in place measures to cut emissions from MEP travel and energy use as part of an institution-wide 2030 carbon footprint reduction target, according to a study published by the assembly’s secretariat on Tuesday.
Read MoreIntermediaries get busy in Australia’s carbon offset market
Intermediaries have gone from playing practically no part in Australia’s carbon offset market to holding some 13% of domestic credits currently sitting in the national registry, according to data released by the Clean Energy Regulator, a trend that coincides with a boom in voluntary market demand.
Read MoreBritish carbon fraudster finally behind bars after 3.5 years on the lam
A carbon trading fraudster is finally behind bars in the UK after he fled an eight-year prison sentence for a £2.4 million scam that saw him and his accomplices sell illiquid and overpriced offsets to over 100 vulnerable investors.
Read MoreCBL Markets introduces CORSIA-aligned global offset product
Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.
Read MoreCalifornia divvies out 1 mln compliance offsets as the largest project earns new credits
California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted more than 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.
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