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Record batch of Colombian CERs cancelled by emitters against country’s carbon tax

Published 23:06 on July 20, 2018  /  Last updated at 23:06 on July 20, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

A record batch of Colombian CERs were voluntarily cancelled this week for use by local emitters against the country’s carbon tax.

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Colombia’s ETS planning to take at least 3 years -official

Published 17:46 on July 5, 2018  /  Last updated at 18:44 on July 5, 2018  /  Americas, Mexico, South & Central  /  No Comments

Colombia will spend at least three years studying ways to impose an ETS in the country, a government official told Carbon Pulse on Thursday, dimming prospects of a rapid launch of emissions trading following lawmaker clearance last week.

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Colombian Senate passes climate law to deploy ETS, but rollout uncertain

Published 22:44 on June 29, 2018  /  Last updated at 23:40 on July 2, 2018  /  Americas, Carbon Taxes, South & Central  /  No Comments

The Colombian Senate approved a climate bill this week that provides for the creation of an emissions trading scheme, but the country’s recent presidential election has cast uncertainty on when such a market would launch.

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Mayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme

Published 20:22 on June 29, 2018  /  Last updated at 20:59 on June 29, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

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.

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ICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out

Published 00:37 on June 28, 2018  /  Last updated at 19:51 on June 29, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

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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Brazil government urged to start an ETS, slowly

Published 21:51 on June 21, 2018  /  Last updated at 21:51 on June 21, 2018  /  Americas, REDD, South & Central  /  No Comments

Brazil’s government should introduce an emissions trading system starting with extensive free allocation and a $10/tonne price ceiling, according to an academic study commissioned by business groups.

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Number of deregistered CDM projects doubles

Published 16:35 on June 8, 2018  /  Last updated at 16:35 on June 8, 2018  /  Africa, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.

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Germany, World Bank gear up for €20m N2O offset auction

Published 17:49 on June 5, 2018  /  Last updated at 10:46 on June 6, 2018  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.

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Number of CERs used against Colombian carbon tax nears 1.5 million

Published 15:13 on May 31, 2018  /  Last updated at 22:46 on July 20, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, South & Central, Voluntary Market  /  No Comments

The number of Colombian CERs being cancelled against the country’s carbon tax by big emitters is approaching 1.5 million after another batch was annulled last week.

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Ben & Jerry’s customers scoop up REDD credits in retail offsetting initiative

Published 15:41 on May 24, 2018  /  Last updated at 15:41 on May 24, 2018  /  Americas, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Ice cream maker Ben & Jerry’s is piloting an initiative where customers automatically offset the footprint of their retail purchases through buying Peruvian forestry offsets via blockchain technology.

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