Japan 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.
Read MoreMexico to re-release pilot ETS rules next month as it prepares for 2020 market launch
Mexico will re-release draft rules for its pilot carbon market in mid-May, a government official said Thursday, which will kick off a consultation process that will help the government finalise them ahead of the scheduled Jan. 2020 launch of the scheme.
Read MoreCalifornia mints 126k offsets in smallest issuance of 2019
California regulator ARB distributed 125,900 California Carbon Offsets (CCOs) this week, in the lightest issuance of the year to date.
Read MoreCDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors
The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.
Read MoreICAP Status Report 2019: Emissions Trading Worldwide
Carbon Pulse partner ICAP has published its annual Status Report “Emissions Trading Worldwide”. The 2019 edition provides a comprehensive overview of the latest developments and design elements of all ETS in operation, scheduled and under consideration around the world.
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