Swiss-EU ETS trading link delayed further due to coronavirus
The physical link between Switzerland’s carbon market and the EU ETS has been delayed further due to the coronavirus crisis, the European Commission announced late Wednesday.
Read MoreSwitzerland announces ETS restart, new dates for compliance deadline and auction
Switzerland will reopen its emissions trading registry in mid-May following a two-month closure, and with it the country’s EU-linked carbon market, the government said Monday, also announcing an extension to this year’s compliance deadline and the dates for the next allowance auction.
Read MoreWithout Paris-era rules, voluntary carbon market steers own course
The voluntary carbon market is making plans to secure its future as the postponement of intergovernmental climate talks ensures the UN Paris Agreement era will begin without rules on global emissions trade.
Read MoreCarbon 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 reduce 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.
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