COP25: Roundup for Wednesday, Dec. 11
The nearly 200 parties to the Paris Agreement on Wednesday dove headfirst into forging an agreement on the market-based Article 6 of the Paris Agreement, while dozens of attendees from environmental and indigenous groups were kicked out by UN security for protesting the slow pace of the talks.
Read MoreCOP25: UN’s CORSIA advisory panel to make aviation offset recommendations in January
An ICAO technical advisory panel is slated to make recommendations in January over which of the initial 14 global offset programme applications should be eligible to supply the UN aviation body’s CORSIA market starting in 2021, with sources suggesting that any ultimate decisions by member states may not be clear cut.
Read MoreANALYSIS: California-owned carbon auction volume to dip in 2020, as Quebec allocation edges up
WCI carbon auction volume owned by California will dip nearly a quarter next year, while Quebec’s free permit allocation to industrial entities will increase compared to 2019, according to Carbon Pulse analysis.
Read MoreWorld Bank-led PAF to hold fourth carbon offset auction on Mar. 3, 2020
The World Bank’s Pilot Auction Facility (PAF) will hold its fourth auction on Mar. 3, 2020 to buy methane emission reduction credits from projects in the developing world, the bank announced Tuesday.
Read MoreCOP25: Washington governor targets renewed LCFS push in 2020, neutral on ETS
Washington Governor Jay Inslee (D) intends to once again back a low-carbon fuel standard (LCFS) during the 2020 legislative session, but his administration will not endorse a state senator’s WCI-modelled cap-and-trade bill, an advisor told Carbon Pulse on the sidelines of the UN climate summit Tuesday.
Read MoreCOP25: Roundup for Tuesday, Dec. 10
The high-level segment of the UN climate summit kicked off Tuesday as national ministers descended on the Spanish capital, with the Paris Agreement’s market-based Article 6 text still requiring a substantial amount of work. Below is a running summary of those efforts, as well as other happenings at the summit.
Read MoreCOP25: Quebec aiming to finish forestry protocol, post-2023 allocation methodology next year
Quebec intends to finalise its forestry offset protocol and post-2023 allowance allocation levels for its WCI-linked cap-and-trade programme next year after completing consultations on both topics, the Canadian province’s environmental minister said at a UN climate conference side event on Monday.
Read MoreCOP25: Roundup for Monday, Dec. 9
UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.
Read MoreNortheast US transport carbon market jurisdictions eye draft MOU release this week –sources
The Transportation and Climate Initiative (TCI) collaboration is expected to release its draft memorandum of understanding (MOU) for the proposed fuel sector ETS in the US Northeast and Mid-Atlantic regions this week, two regulatory sources said.
Read MoreCOP25: Chile ETS study, CO2 tax changes may stall as beleaguered gov’t changes tack on climate action
Plans for a Chilean cap-and-trade programme and the passage of carbon tax reforms may stall as the country’s beleaguered government rolls out a sweeping economic recovery plan and backtracks on other its other climate action efforts in response to mass protests over living costs.
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