Emissions trading expands globally on more climate ambition -report
Emissions trading systems covered just under 9% of the world’s total GHG emissions in 2020, increasing their global coverage as climate ambition grows and governments consider net zero emission targets, a report published on Tuesday found.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
Read MoreCalifornia offset issuance hits 2020 high on forestry project strength
California Carbon Offset (CCO) issuance attained the highest level so far this year as four existing forestry projects helped boost supply this week under the state’s WCI-linked ETS, according to data published Wednesday.
Read MoreNorth American Carbon World conference cancelled on coronavirus caution
This year’s North American Carbon World (NACW) conference in San Francisco has been cancelled due to mounting concerns over the COVID-19 coronavirus, California-based offset registry Climate Action Reserve (CAR) announced Monday.
Read MoreCalifornia divvies out 277k offsets, reduces invalidation on 1 mln
California regulator ARB granted 276,600 new offsets this week in the lowest issuance so far this year, while it cut the invalidation period on more than a million additional credits, according to data published Wednesday.
Read MoreNearly half of global GDP could soon be subject to net zero emission targets -report
Governments representing 49% of the global economy have or are in the process of putting in place targets to reach net zero greenhouse gas emissions, a report showed.
Read MoreCalifornia mints 589k offsets in second issuance of 2020
California regulator ARB issued nearly 589,000 new California Carbon Offsets (CCOs) over the past two weeks across three WCI protocols, according to data published Wednesday.
Read MoreCOP26 seen as “last chance” to forge Paris carbon trading rulebook
The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreCalifornia hands out 1.3 mln offsets to start 2020
California regulator ARB divvied out nearly 1.3 million new California Carbon Offsets (CCOs) in its first issuance of 2020 as the all-time supply rose to nearly 170 mln, according to data published Wednesday.
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