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‘Meta-registry’, carbon clubs could help de-risk Paris emissions trading, experts say

Published 21:52 on May 11, 2021  /  Last updated at 21:52 on May 11, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Switzerland, US, Voluntary Market  /  No Comments

A meta-registry connecting different carbon standards and coalitions of nations could help stamp out risks associated with bilateral and multilateral emissions trading under the Paris Agreement, experts said Tuesday in response to a new legal analysis published on the subject.

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European Commission publishes another year’s worth of EU ETS trading records

Published 17:38 on May 7, 2021  /  Last updated at 17:46 on May 7, 2021  /  Aviation/CORSIA, Bavardage, EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland, UK ETS  /  No Comments

The European Commission this week published another year’s worth of trading records from the EU ETS emissions registry, offering a comprehensive glimpse of how carbon units equivalent to over 9.3 billion tonnes of CO2 were shifted across more than 30,000 transactions between May 2017 and Apr. 2018.

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Germany, Russia sign MoU to ship hydrogen via controversial gas pipeline

Published 18:28 on April 30, 2021  /  Last updated at 18:31 on April 30, 2021  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

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Policy and trust-building, not technological breakthroughs, viewed as key to scaling CCS

Published 22:48 on April 28, 2021  /  Last updated at 00:27 on April 29, 2021  /  Americas, Asia Pacific, Canada, Climate Talks, EMEA, International, New Market Mechanisms, RINs & LCFS, Switzerland, US, Voluntary Market  /  No Comments

Carbon capture and storage (CCS) of various types is technologically ready to be deployed at scale but needs streamlined permitting, increased tax incentives, and broad public outreach to do so, a conference heard on Wednesday.

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Offset-spurning Nestle letting some of its brands buy carbon credits to expedite neutrality

Published 23:09 on April 27, 2021  /  Last updated at 11:48 on April 28, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

The world’s largest food conglomerate Nestle has joined the growing number of companies mostly shunning offsets in their quest for net zero emissions, though the Swiss-headquartered firm said it will make exceptions for its brands that want “move faster” towards carbon neutrality.

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Increased financial sector participation to dramatically change voluntary carbon market -panel

Published 19:47 on April 27, 2021  /  Last updated at 19:50 on April 27, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.

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LEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel

Published 23:30 on April 23, 2021  /  Last updated at 23:30 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.

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US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.

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Leaders Summit on Climate: Officials highlight need for public, private action ahead of COP26

Published 17:30 on April 23, 2021  /  Last updated at 19:01 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.

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US-backed coalition aims to raise $1 bln for jurisdictional REDD payments

Published 15:59 on April 22, 2021  /  Last updated at 09:19 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US, UK, and Norway launched a coalition on Thursday to raise $1 billion in private capital for jurisdictions that reduce deforestation emissions under the Architecture for REDD+ Transactions (ART) programme.

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