California offset issuances continue to languish, as Quebec credits top 1 mln
California compliance offset generation maintained a recent sluggish trend this week, while Quebec saw its credit issuances surpass the 1-million mark for the first time, according to government data released Wednesday.
Read MoreCalifornia offset issuances continue to slide as 378k new credits minted
California regulator ARB’s compliance offset issuance sunk to more than 378,000 new credits this week, continuing a trend of sluggish approvals by the state agency.
Read MoreEU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends
Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.
Read MoreWorld sees 18% increase in global carbon pricing revenue in 2020 -World Bank
Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Tuesday by the World Bank.
Read MoreUK plans for in-person COP26 climate summit, explores COVID safeguards
The UK is planning on host the COP26 UN climate negotiations as an in-person summit in Glasgow in November and is considering various ways of ensuring protection against the coronavirus pandemic, the meeting’s president Alok Sharma said on Friday.
Read MoreCalifornia offset issuances reach 2-month high, but fall beneath 2020 levels
California regulator ARB’s offset issuances hit a two-month high this week as it minted nearly 500,000 new credits, but the year-to-date volume slipped beneath last year’s level, according to data published Wednesday.
Read MoreNew Paris climate pledges to help cut projected warming to 2.4C -scientists
The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.
Read MoreIncreased financial sector participation to dramatically change voluntary carbon market -panel
The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.
Read MoreLEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel
The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.
Read MoreUS likely needs new legislation to hit its revised Paris climate goal -panel
The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.
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