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 MoreEU ETS prices to average €36 next decade as many expect further market tightening -survey
EU carbon prices will average €36.05 over 2021-2030, according to an annual survey of market observers and participants, marking a massive 63% year-on-year gain in expectations.
Read MoreREDD criticism should not affect California’s Tropical Forest Standard, advocates say
California’s Tropical Forest Standard (TFS) is unlikely to see an erosion in support due to a recent media report’s critique of REDD-eligible credits, because the proposal would mitigate most of the flaws that could occur with individual offset projects, two environmental advocates said.
Read MoreCOMMENT: ProPublica’s Inexcusable REDD+ Belly Flop
Mainstream media outlets have been congratulating themselves of late for becoming just 20 years too late on climate change, and now the same institutions that have consistently failed to cover the enormity of the challenge are failing to cover the myriad interlocking solutions. This week, ProPublica became the latest outlet to blow it
Read MoreECOSYSTEM MARKETPLACE: Brazil slashed GHG emissions 70% before Bolsonaro, and nobody noticed
Last week, Brazil’s top security adviser said that the Amazon forest was his country’s to exploit, regardless of the impact on greenhouse gas emissions. “I don’t accept this idea that the Amazon is world heritage, this is nonsense,” General Augusto Heleno Pereira said. “The Amazon is Brazilian, the heritage of Brazil and should be dealt with by Brazil for the benefit of Brazil.”
Read MoreANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity
A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.
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.
Read MoreChile moves UN COP25 climate summit to Easter Island over logistical, environmental fears
Amid a raft of concerns about overcrowding and a lack of conference venue options in Santiago, the Chilean government has announced its remote Easter Island as the surprise site for this year’s UN COP25 climate summit, highlighting the island’s ecological-driven collapse as a point of urgency for global efforts to reduce emissions.
Read MoreANALYSIS: Long-delayed REDD deals seen as base for international emissions trade
Forest protection deals inked between African nations and a World Bank fund could spur international emissions trade under the Paris Agreement and ICAO’s CORSIA offsetting scheme for aviation, according to experts.
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