IATA launches aviation carbon credit exchange, announces first trade
Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.
Read MoreAverna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder
The recent acquisition by private equity firm Averna Capital of a majority stake in ClimateCare will help prepare the low-carbon project developer for massive growth in the global offset market, the company’s founder told Carbon Pulse.
Read MoreUtility Enel to cut CO2 by nearly a third over next 3 years, plans earlier coal phaseout
Italy-headquartered utility Enel unveiled plans on Tuesday to cut its emissions by 30% over the next three years and to bring forward its coal phaseout date by three years to 2027.
Read MoreTwo CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
Read MoreSwitzerland signs second carbon offset deal with Ghana
Switzerland has agreed a bilateral deal with Ghana to purchase carbon offsets under the Paris Agreement’s Article 6, in the second such agreement announced by the European nation in as many months.
Read MoreGCF waves through REDD projects as portfolio grows
The Green Climate Fund this week approved a $136 million payment to Argentina and Costa Rica for emissions reductions achieved over the last decade, growing its portfolio of forestry-based carbon projects.
Read MoreColombian ETS may not begin pilot phase until 2024 -govt official
Colombia may not launch the pilot phase of its cap-and-trade programme under development until 2024, while the country seeks to finish the design of the ETS by year-end, a government official said Wednesday.
Read MoreUN could start issuing Article 6 carbon credits from 2023 -researcher
The UN could begin issuing carbon credits from former CDM projects under the Paris Agreement’s Article 6.4 mechanism as early as 2023, an event heard Wednesday.
Read MoreANALYSIS: Biden election win presents numerous climate policy opportunities, though challenges loom
The projected presidential victory of Democratic nominee Joe Biden this weekend opens the door for the US government to take swift action on domestic and global climate policy during the first days of his administration, although a potentially divided Congress could stifle some of the progress necessary to achieve rapid and deep decarbonisation.
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