Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision
UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.
Read MoreCORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show
ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.
Read MoreVerra seeks clarifications, changes on aviation offset restrictions under CORSIA
Offset standard developer and manager Verra is planning a series of alterations to its Verified Carbon Standard (VCS) project types that the ICAO Council declined to approve for use under the international aviation offset system CORSIA.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
Read MoreSwitzerland picks five more ITMO activities for potential emission trade deals
Switzerland’s carbon credit procurement agency this week selected five GHG-reducing activities for its second call for proposals, adding to three picked earlier in its efforts to tie up its first emission trade deals under the Paris Agreement’s market-based Article 6.
Read MoreAirlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis
A flexibility mechanism built into the global aviation offset programme CORSIA could dampen carbon credit obligations during the scheme’s pilot phase to address coronavirus-related impacts on the emission baseline, eliminating the need for any changes to the underlying ICAO resolution, according to a green group’s analysis.
Read MoreSwitzerland shuts emissions trading registry, extends compliance deadline over virus crisis
Switzerland has closed its emissions trading registry and extended the ETS compliance deadline for emitters due to the COVID-19 coronavirus outbreak, the government announced Monday, adding that it had also cancelled this month’s allowance auction.
Read MoreUN approves six offset programmes, vintage restrictions for CORSIA aviation scheme
The ICAO Council on Friday endorsed six programmes in full and two others on a conditional basis to supply the UN body’s CORSIA international aviation offset mechanism, with eligible carbon credits initially restricted to a five-year window.
Read MoreGhana inks agreement with Switzerland on ITMO activities
The Ghanaian and Swiss governments have signed a memorandum of understanding to further cooperation under the Paris Agreement’s market-based Article 6, building off a project the European nation’s carbon credit procurement agency selected last year.
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