Shipping climate goal to cost 100 times more than industry proposing to raise
Global investment of $50-70 billion a year will be needed to halve emissions from shipping by 2050, a scale 100 times greater than an industry-proposed $2/t levy would raise but a level experts say has already been borne by the maritime sector within living memory.
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 MoreShipping groups suggest fuel levy idea as EU measures loom larger
Industry associations have suggested charging ships a $2/tonne fuel tax, in one of several measures discussed at the UN’s maritime body IMO this week as the sector strives to avoid regulation under the EU ETS.
Read MoreCruise line MSC seeks CO2 neutrality through blue carbon offsets
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.
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 MoreFEATURE: A year out, UN’s CORSIA aviation scheme mired in offset supply struggles
The UN’s CORSIA aviation offsetting scheme is just over a year away from entering into force, but a myriad of supply- and reputation-related concerns is clouding the horizon for airlines and investors, not least the fact that it remains unclear exactly which credits will be eligible.
Read MoreSpain approved as new host of COP25 climate talks, with dates unchanged
Spain’s offer to host this year’s UN climate talks has been approved, the international organisation said Friday, with Madrid set to be the venue after Chile pulled out due to ongoing protests in the country.
Read MoreUPDATE – Spain steps in with offer to host COP25 climate talks after Chile withdrawal
Spain has offered to host this year’s UN climate talks in Madrid, Chilean President Sebastian Pinera said Thursday, after Chile pulled out due to ongoing protests in the country.
Read MoreChile pulls out of hosting COP25 climate talks amid protests
Chile has pulled out of hosting this year’s COP25 UN climate talks, as well as next month’s APEC Summit, President Sebastian Pinera announced on Wednesday, as a wave of violent riots continues to grip the country.
Read MoreTax CO2 from largest emitters $75/t by 2030 to avoid 2C temperature rise, says IMF
A global temperature rise of 2 degrees C could be avoided if large emitting countries collectively adopt a carbon tax of $75/tonne by 2030, as well as other ambitious actions, according to a report by the International Monetary Fund.
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