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 MoreIndia outlines options for small-scale industry carbon market
India has decided to proceed with a voluntary carbon market for its small-scale industrial sector and has outlined options for what the programme might look like, while pausing plans to include the waste sector.
Read MoreKorean firms eye Myanmar mangrove CDM project
South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.
Read MoreCarbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report
The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.
Read MoreIndia launches first emissions trading experiment
India on Wednesday launched a regional air pollution emissions trading market, marking a shift to a more market-based approach to dealing with environmental issues as a voluntary carbon trading programme is also on the steps.
Read MoreASEAN would benefit from closer ties on MRV, carbon trading, study finds
There is scope for ASEAN nations to cooperate closer on MRV and carbon pricing instruments, paving the way for what could eventually evolve into a region-wide emissions trading market, a study has found.
Read MoreAustralia’s Labor party eyes bilateral deals for international carbon credits
Australia’s opposition Labor party would likely pursue bilateral agreements for carbon trading as part of a beefed-up Safeguard Mechanism if elected, as an international market under the Paris Agreement will take time to develop.
Read MoreRelease of draft rules brings India’s voluntary carbon market a step closer
Non-profit group Network for Certification and Conservation of Forests (NCCF) has circulated draft rules for an Indian carbon standard and credit registry that will form the foundation of the country’s voluntary carbon offset market.
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.
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