UPDATE – Lack of technical infrastructure hindering Ontario offset market investment, development
A lack of technical infrastructure and guidance from the Ontario government regarding its compliance offset programme is holding up the first investment and project submissions, according to stakeholders.
Read MoreANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist
Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take.
Read MoreOntario unveils ‘open architecture’ framework for voluntary offset scheme
The Ontario government has released a framework for its voluntary offset programme, approving three quantification methodologies under an ‘open architecture’ approach that doesn’t limit project types.
Read MoreBlockchain-based venture commits first funds to Ecosphere REDD credits
Blockchain-based carbon credit platform Poseidon has committed to spend its first tranche of cash buying Peruvian REDD credits from UK-based Ecosphere+, as part of an initiative offering a voluntary carbon credit platform for retailers.
Read MoreNo California offsets issued for first time in over two years
California regulator ARB did not hand out any California Carbon Offsets (CCOs) on Wednesday, the first issuance round since June 2015 where no new offsets were distributed.
Read MoreMexican carbon tax to operate alongside market, though stakeholders say offset rules must change
Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.
Read MoreAlberta finalises plan to withdraw six offset protocols
The Alberta Climate Change Office (CCO) has confirmed that it will scrap six offset protocols, while also flagging another for withdrawal, according to a memo released on Friday.
Read MoreExxonMobil voids another big batch of Colombian CERs against country’s carbon tax, almost doubling total
US oil major ExxonMobil continued its brisk pace of Colombian CER cancellations this week, annulling another huge batch against the country’s carbon tax.
Read MoreColombian CER cancellations surge after new offset restrictions imposed
The number of Colombian CERs voluntarily cancelled by emitters against the country’s carbon tax has surged over the past three months, following the introduction of new offset usage restrictions in January.
Read MoreClimate Trust delays launch of US offset guarantee facility
US non-profit The Climate Trust has delayed the launch of its facility to offer guarantees to US offset project developers while it searches for someone to lead the initiative.
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