BY 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 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 MoreBritish Airways, Saudi billionaire hit as UK govt levies £900k in EU ETS non-compliance fines
The UK government has imposed fines totalling nearly £900,000 on more than 40 entities for EU ETS non-compliance in the latest round of climate-related penalties.
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.
Read MoreWorld Bank cuts carbon credit eligibility ahead of N2O auction
The World Bank’s Nitric Acid Climate Auction Program (NACAP) has shifted forward the eligibility cut-off date for carbon credits that can be sold in its inaugural auction, effectively reducing the pool of potentially available units.
Read MoreCOMMENT: Paris goals can only be achieved in time with robust bottom-up action
Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.
Read MoreUN opens tender to buy 141k Gold Standard CERs
The UN has launched a tender to buy some 140,800 Gold Standard CERs, including a batch from projects with co-benefits for women.
Read MoreTense GCF board approves over $1 billion in new climate funding
The Green Climate Fund (GCF) board has approved more than $1 billion in new project funding, including funds for a trimmed down version of a controversial Bahraini project, at an often combative four-day meeting that highlighted the ongoing deep divide between developed and developing countries.
Read MoreEBRD 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.
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