CDM hits dual milestones ahead of UN carbon offset scheme’s potential conclusion
The UN’s Clean Development Mechanism (CDM) passed two noteworthy milestones this month, as countries prepare to determine whether to wind up the project-based carbon finance programme.
Read MoreShell expands carbon neutral driving offer to UK with land offsets
Oil major Shell will offer British drivers the chance to offset their carbon footprint, it said on Thursday, expanding from its Dutch initiative as part of a global commitment to invest $300 million in land-based emissions-curbing initiatives.
Read MoreCalifornia offset issuances hit 3-month low as CCO-3 supply balloons
California regulator ARB granted more than 349,000 new offsets (CCOs) across two protocols this week, while it reduced the invalidation period on 3.3 mln existing credits, according to data released Wednesday.
Read MoreLondon-based carbon investment firm assembles expert team ahead of fund launch
A London-based investment management firm has appointed a cast of carbon trading industry veterans as staff and advisors as it prepares to launch a global environmental markets fund.
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreFurther clarity on Canadian grassland offset projects to come in 2020 -stakeholders
The prospects for grassland-based offset projects throughout Canada could receive further clarity next year after this month’s pivotal federal election and several provincial developments, stakeholders said Wednesday.
Read MoreMexico publishes final regulation for pilot carbon market
The Mexican environment ministry (SEMARNAT) published a final regulation for its pilot cap-and-trade programme on Tuesday, with the agency yet to determine the market’s annual CO2 caps and free allowance totals for the Jan. 2020 start date.
Read MoreAir France to offset all domestic flight emissions from 2020
Air France will from next year offset the emissions from all of its nearly 500 daily domestic flights, the airline’s CEO announced late Monday.
Read MoreSan Diego County, environmental organisations gearing up for California offset ruling appeal
San Diego County is appealing last year’s California court decision that threw out its climate plan allowing for out-of-jurisdiction voluntary offsets, while green groups reiterate their steadfast opposition to the strategy.
Read MoreCalifornia mints 1.3 mln offsets as CCO-3 supply rises
California regulator ARB issued nearly 1.3 million compliance offsets (CCOs) across seven projects this week and reduced the invalidation period on another 1.1 mln existing credits, according to data released Wednesday.
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