EPP not pushing to give free EU ETS allowances to power sector, key lawmaker says
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.
Read MoreGap between Pacific finance needs and availability threatens NDC viability -analysis
Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.
Read MoreSingapore, Indonesia close to Article 6 agreement -media
Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreMost eligible CDM projects on course to miss out on Article 6 transition as deadline looms
The vast majority of carbon projects developed under the Kyoto Protocol’s Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.
Read MoreChile authorises second standalone battery storage project under Swiss Article 6 deal
Chile and Switzerland have authorised a second standalone battery energy storage system (BESS) mitigation activity under Article 6 of the Paris Agreement, expanding the use of carbon finance to support grid-scale energy storage in the South American country.
Read MoreTanzania rejects claims carbon market deals surrender natural resources
Tanzania has rejected opposition claims that international carbon trading agreements amount to the sale or transfer of control over the country’s natural resources, insisting that its carbon market framework is designed to protect national sovereignty while generating new revenue.
Read MoreUN draft sets Article 6.4 first transfer, real-time reporting rules
The UNFCCC’s latest draft procedure for the Article 6.4 mechanism registry sets out requirements for real-time public reporting of registry activity, detailed first-transfer rules, and proposed account fees for the Paris Agreement Crediting Mechanism (PACM).
Read MoreIndia carbon market coalition launches platform for Article 6 projects
India’s carbon market coalition on Friday launched the Article 6 Carbon Bazaar, a new industry platform to support participation in international carbon markets under the Paris Agreement.
Read MoreBRIEFING: Australia still wary of international units, as questions linger over what they should be used for
The Australian government remains cautious about the use of international carbon credits for domestic purposes, as some argue they could help provide high integrity flexibility for polluters, while others have urged caution about their impacts on encouraging onsite abatement.
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