California senator urges ARB to oppose Tropical Forest Standard
California regulator ARB should not endorse its Tropical Forest Standard (TFS) next month because sector-based REDD offsets lack environmental and social integrity and fail to address the root causes of deforestation, a state senator said, potentially opening a bicameral rift over the already divisive issue.
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Read MoreCalifornia’s ARB to consider updated Tropical Forest Standard at September meeting
California regulator ARB will consider endorsing an updated version of its Tropical Forest Standard (TFS) at the board’s Sep. 19 meeting, nearly a year after the agency delayed its original approval of the possible precursor to jurisdictional REDD offsetting following a flurry of backlash.
Read MoreCalifornia mints 900k WCI offsets as Quebec grants over 50k
California regulator ARB issued over 900,000 new offsets (CCOs) this week, while Quebec resumed its issuances with more than 50,000 of its own compliance-grade credits, according to jurisdictional data.
Read MoreJapan to co-fund seven new JCM projects for 3.8 mln carbon credits
Japan’s environment ministry on Thursday announced it would co-fund seven projects that it expects could generate almost 4 million carbon credits under the Joint Crediting Mechanism (JCM) by 2030.
Read MoreCalifornia lawmakers urge adoption of Tropical Forest Standard
Four California assemblymembers asked state regulator ARB this week to adopt the Tropical Forest Standard (TFS) for international sector-based offset programmes despite ongoing disagreement and environmental justice opposition to the proposal.
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 MoreREDD criticism should not affect California’s Tropical Forest Standard, advocates say
California’s Tropical Forest Standard (TFS) is unlikely to see an erosion in support due to a recent media report’s critique of REDD-eligible credits, because the proposal would mitigate most of the flaws that could occur with individual offset projects, two environmental advocates said.
Read MoreMexico outlines pilot ETS without setting annual emission caps
Mexico plans to implement a three-year cap-and-trade pilot programme beginning in 2020 that would utilise direct allocation and auctions to distribute allowances to end users, but it has not yet determined the appropriate caps, according to a public consultation released on Monday.
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