Indonesia to weigh carbon market options for power, industry
Indonesia will next month weigh four carbon pricing options to help meet its Paris obligations, including a full-fledged emissions trading scheme for its power and industry sectors.
Read MoreVietnam signals revision to Paris pledge to pave way for huge emissions growth
Vietnam has become among the first countries to signal it will adjust its Paris pledge at December’s climate talks, a change that would enable the rapidly-developing country to emit tens of millions of tonnes in additional GHGs by 2030 compared to its previously commitment.
Read MoreAs CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines
Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.
Read MoreCarbon veteran leaves Sindicatum following offset portfolio sales
A veteran carbon expert has left project developer Sindicatum to pursue other opportunities, Carbon Pulse has learned, several months after the Singapore-based firm sold its US and Asian offset portfolios.
Read MoreCDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit
The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.
Read MoreCOMMENT – Wanted: Team coach for the Green Climate Fund
Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.
Read MorePhilippines government looking into introducing a carbon tax
The Philippines government is looking at whether to introduce a carbon tax in the country, holding an “exploratory” workshop on the subject this week.
Read MoreHong Kong to launch carbon crediting scheme for building sector
Hong Kong is planning to launch a carbon crediting scheme for its building sector that could generate 2.5 million allowances a year, and it is developing a blockchain-based trading platform to create a domestic market for the units, according to government officials.
Read MoreMayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme
Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.
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.
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