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COP25: UN thins Article 6 text as markets talks get underway

Published 11:27 on December 4, 2019  /  Last updated at 23:37 on December 4, 2019  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

UN officials produced a slightly thinner new version of text for an international emissions trade rulebook under the Paris Agreement’s Article 6 on Wednesday, though negotiators showed few signs of compromise in initial exchanges.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Should forest offsets be eligible for CORSIA?

Published 18:20 on December 3, 2019  /  Last updated at 22:39 on December 9, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.

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Spain’s Repsol to consider forestry offsets for net zero emissions pledge

Published 13:03 on December 3, 2019  /  Last updated at 23:58 on December 3, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Fossil fuel company Repsol may purchase nature-based credits in pursuit of its 2050 net zero goal announced Monday, coming as part of a broader suite of interim CO2 intensity targets, internal carbon pricing updates, and renewable energy commitments.

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COP25: UN climate conference hosts snub Article 6 in push for ambition

Published 23:01 on December 2, 2019  /  Last updated at 23:02 on December 2, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

This year’s UN climate summit hosts declined to reference Article 6 as COP25 got under way on Monday, instead launching a push on governmental ambition that observers say could give them cover should carbon trade talks flounder.

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PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

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None of 14 offset standard contenders meet CORSIA aviation scheme criteria -report

Published 15:09 on November 27, 2019  /  Last updated at 23:27 on November 27, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.

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ECOSYSTEM MARKETPLACE: Shades of REDD+ Nesting – A good or bad piece of Swiss cheese?

Published 23:27 on November 25, 2019  /  Last updated at 22:40 on December 9, 2019  /  Africa, Americas, Asia Pacific, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

There was a time when people thought that forests were the low-hanging fruit of the climate challenge, and that reducing emissions from deforestation was fast, easy, and cheap. No one thinks that anymore.

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Switzerland opens second call for ITMO proposals

Published 19:50 on November 18, 2019  /  Last updated at 22:43 on December 5, 2019  /  EMEA, International, New Market Mechanisms, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency Klik has launched a second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.

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ANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus

Published 20:18 on November 15, 2019  /  Last updated at 20:18 on November 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.

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Cruise line MSC seeks CO2 neutrality through blue carbon offsets

Published 18:34 on November 8, 2019  /  Last updated at 22:34 on November 8, 2019  /  Americas, Asia Pacific, Australia, Climate Talks, EMEA, International, New Market Mechanisms, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Swiss-based MSC Cruises aims to achieve carbon neutrality in its marine fleet operations by Jan. 2020 through offsetting, and plans to increasingly rely on blue carbon projects to maintain the goal, it announced Friday.

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