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Swiss eye reverse VAT charges on more types of CO2 credits to prevent tax fraud

Published 16:54 on July 3, 2020  /  Last updated at 20:40 on July 3, 2020  /  EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland, Voluntary Market  /  No Comments

Switzerland has proposed introducing a reverse charge mechanism for VAT on more types of emissions trading in an effort to prevent tax fraud.

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ICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase

Published 22:47 on June 30, 2020  /  Last updated at 00:22 on July 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.

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GHG removal platform Puro.earth focuses on web sales in search for scale

Published 07:00 on June 30, 2020  /  Last updated at 20:47 on June 30, 2020  /  EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

Greenhouse gas removal platform Puro.earth has paused its bi-monthly auctions, favouring web sales to bolster trade in its premium-priced credits for the voluntary carbon market.

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Australia’s biggest emitter launches carbon neutral product

Published 03:29 on June 30, 2020  /  Last updated at 12:30 on June 30, 2020  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Australia’s biggest emitter on Tuesday announced the launch of a carbon neutral electricity product that will offer offset-backed power to customers, and it plans to roll out similar options across its entire product portfolio.

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US threatens CORSIA exit if GHG baseline decision not made next week

Published 20:17 on June 26, 2020  /  Last updated at 21:51 on June 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The US will opt out of the first three years of the CORSIA offset mechanism for global air travel if other countries do not agree to alter the programme’s emissions baseline next week, with other nations potentially following suit, a Dutch minister said Friday.

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US voluntary offset bill could throw lifeline to rural sector -stakeholders

Published 22:27 on June 24, 2020  /  Last updated at 00:51 on June 25, 2020  /  Americas, US, Voluntary Market  /  No Comments

Bipartisan US Congressional legislation to help farmers and landowners participate in voluntary carbon markets could aid a sector that has recently experienced economic turmoil through trade wars and declining margins, agriculture groups and other stakeholders said Wednesday.

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California offset issuances rise to 1.9 mln on new forestry project

Published 22:15 on June 24, 2020  /  Last updated at 22:15 on June 24, 2020  /  Americas, Canada, US, Voluntary Market  /  No Comments

California granted more than 1.9 million new compliance offsets this week as the bulk of the credits went to a Washington-based forestry project on tribal lands, according to data published by regulator ARB on Wednesday.

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US, Singapore carbon firms partner to develop cookstove projects

Published 12:58 on June 23, 2020  /  Last updated at 15:02 on June 23, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, South Korea, US, Voluntary Market  /  No Comments

Two carbon specialist firms have partnered to develop cookstove carbon offset projects with co-benefits in Africa and Asia – investments for which they are still pursuing funding.

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Pandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey

Published 08:00 on June 23, 2020  /  Last updated at 17:16 on June 24, 2020  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.

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Major Chinese oil firm buys “carbon neutral” LNG from Shell

Published 10:14 on June 22, 2020  /  Last updated at 23:57 on June 22, 2020  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

One of China’s biggest oil companies has agreed to buy carbon credits along with two shipments of LNG from Shell, seeking to offset all the lifecycle emissions associated with the shipment in the first such deal for mainland China.

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