Carbon pricing, international credits can help curb methane emissions from oil and gas, IEA says
A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.
Read MoreANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters
Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.
Read MoreCalifornia awards 4 mln offsets to cap off bumper 2020
California divvied out 4 mln compliance offsets across all four active protocols this week, according to data published by state regulator ARB Wednesday, capping off a year that saw total credit issuances under the state’s WCI-linked carbon market rise 70% over 2019 levels.
Read MoreClimate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary
Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.
Read MoreCalifornia distributes 3.5 mln new offsets, as analysts predict ample DEBs credit supply
California issued more than 3.5 million new compliance offsets this week, as analysts revised their 2030 outlook for credits with direct environmental benefits to the state (DEBs) in light of greater projected supply.
Read MoreCalifornia mints more than 1 mln new offsets for fifth straight issuance
California granted nearly 1.2 million new compliance offsets this week as state regulator ARB pushed its streak of 1-mln plus issuances to five consecutive periods, according to data published Wednesday.
Read MoreINTERVIEW: Carney-led voluntary CO2 market taskforce “barking up the wrong tree”, says South Pole boss
On the eve of the release of an expert report that could help revolutionise the “murky” global voluntary carbon market, the head of South Pole – one of the world’s biggest offset developers – says the authoring taskforce led by former Bank of England head Mark Carney is “barking up the wrong tree” and should be focused more on how to significantly raise prices than on creating benchmarks or improving transparency.
Read MoreCarney-led voluntary carbon taskforce to launch new “credible” offset market by early 2021 -media
A private-sector taskforce assembled by former Bank of England boss Mark Carney that is aiming to scale up global voluntary carbon offsetting will endeavour to launch a new “credible” market by early 2021, according to reports.
Read MoreUN board dodges decision on ‘back door’ CDM extension into Paris era
A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.
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