Two CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
Read MoreSingapore firm hopes new LNG contract can drive carbon offset demand
Singapore-based Pavilion Energy this week signed a first LNG contract with Qatar Petroleum that quantifies the fuel’s GHG emissions from well to discharge port, which the company hopes can become a new industry standard and drive demand for carbon offsets.
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 MoreClimate finance for developing countries rose 11% in 2018 but risks missing 2020 target
OECD nations mobilised in 2018 11% more on climate finance for developing countries, compared with the previous year, although reaching the $100 million objective set by 2020 is still uncertain.
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 MoreEU’s Timmermans promises ‘best efforts’ to study national impacts of higher 2030 GHG target
The European Commission will try to accommodate demands from some EU nations reluctant to endorse a higher 2030 emissions reduction target by assessing the impact on individual member states and sectors, the Commission’s climate chief Frans Timmermans said Friday.
Read MoreMiddle East’s Global Carbon Council resubmits CORSIA application for full eligibility
The Qatar-based Global Carbon Council (GCC) has made several revisions to its voluntary offset programme as it seeks full eligibility under the UN body ICAO’s CORSIA international aviation offset system, according to a document posted Friday.
Read MoreINTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards
Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.
Read MoreCalifornia divvies out 1 mln compliance offsets as the largest project earns new credits
California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted more than 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.
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