EBRD proposes to extend shadow carbon price beyond coal
European development bank EBRD is proposing to extend its shadow price of carbon beyond coal to all its energy investments over the next five years, which are mainly in eastern Europe and north Africa, it said Wednesday.
Read MoreICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.
Read MoreGermany, World Bank gear up for €20m N2O offset auction
The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.
Read MoreFuture of global carbon markets rests on China success -survey
The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.
Read MoreBy the numbers: Kyoto offset use in the EU ETS since 2014
Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.
Read MorePedal power: UN approves plans to allow bike lanes, sharing schemes to earn carbon credits
Projects that facilitate the use of bicycles in developing nations, including installing bike lanes and parking lots and implementing bike-sharing programmes, now qualify for carbon credits, a UN panel has decided.
Read MoreTurkey’s coal-stacked bank Garanti plans to raise its shadow carbon price
Turkish bank Garanti outlined its shadow carbon pricing strategy on Wednesday, though the partial approach may fall short of addressing the company’s ongoing investments in coal plants.
Read MoreUK slaps £800k in EU ETS non-compliance penalties on 30 companies
Thirty-five UK-based big-emitting facilities and airlines, operated by 30 firms including energy company ConocoPhillips and investment bank Morgan Stanley, have been hit with more than £800,000 ($1.05 mln) in non-compliance fines related to the EU ETS.
Read MoreCOP23: German government launches tender to buy 82k CERs to offset summit
The German government has launched a tender to buy 82,000 “high-quality” CERs, preferably from projects in small island developing states (SIDS), to offset emissions stemming from the UN climate summit it is co-hosting in Bonn.
Read More