COP25: With the rules still in flux, governments and businesses scramble to pioneer Paris carbon markets
Businesses and governments on the sidelines of the Madrid climate talks are busy building the foundations for a Paris era international carbon market and carving out a role for themselves, even as delegates remain gridlocked in negotiations over the rules.
Read MorePREVIEW COP25: UN carbon market talks to take centre stage in Madrid
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.
Read MoreNZ Market: NZUs slide to 3-mth low amid lukewarm demand
New Zealand carbon allowances on Thursday fell to their lowest levels since late August as many buyers scale down activity due to the NZ$25 fixed price option remaining in place for 2019 compliance.
Read MoreNone of 14 offset standard contenders meet CORSIA aviation scheme criteria -report
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.
Read MoreNew Zealand begins consulting on ETS electricity allocation factor
New Zealand on Thursday began consulting on modelling the electricity allocation factor (EAF) for its emissions trading scheme, a process that could lead to industrial emitters receiving fewer free NZUs from 2021.
Read MoreANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus
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.
Read MoreNew Zealand launches consultation on CO2 auctioning, cost containment reserve
New Zealand has launched a public consultation round on the rules for auctioning NZUs and how its cost containment reserve (CCR) will work when it replaces the NZ$25 fixed price option next year.
Read MoreNZ Market: Stationary NZUs unable to lose FPO shackles
NZUs remain rangebound near the NZ$25 fixed price option (FPO) level where prices have been stuck for over two months, as many buyers are reluctant to pay a premium for compliance.
Read MoreEXCLUSIVE – Developers Assemble: EcoSecurities alumni regroup to relaunch iconic offset firm for new era of carbon markets
EcoSecurities, one of the most iconic developers of the offset project boom of the 2000s, is being relaunched by a team of its alumni and co-founders, Carbon Pulse has learned, gearing up to trailblaze once again in a new era of international carbon markets.
Read MoreNew Zealand adopts zero carbon legislation
New Zealand on Thursday adopted legislation that obligates it to cut biological methane emissions 24-47% below 2017 levels by mid-century and to slash all other greenhouse gases to zero by 2050.
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