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FEATURE: Verra aims for more streamlined process with in-house offset registry

Published 16:13 on April 9, 2020  /  Last updated at 23:27 on April 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.

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Hawaii CO2 tax legislation faces uncertain future amid COVID-19 pandemic

Published 19:00 on April 6, 2020  /  Last updated at 23:45 on April 6, 2020  /  Americas, Aviation/CORSIA, Carbon Taxes, US, Voluntary Market  /  No Comments

Hawaii legislators’ plans to approve a carbon levy proposal this year are in doubt due to the COVID-19 pandemic, but the economic fallout from the virus outbreak could present an opportunity to raise critical revenue for the tourism-dependent US state, the bill sponsor told Carbon Pulse.

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Airlines seek CORSIA changes in light of virus impact

Published 12:10 on April 3, 2020  /  Last updated at 18:26 on April 9, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

Airlines are urging governments to alter the UN’s international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.

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COMMENT: Five massive drivers of future demand for offsets

Published 01:01 on April 3, 2020  /  Last updated at 22:36 on April 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide.  Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore.  And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.

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COMMENT: Doubling down on climate action in the time of corona

Published 20:42 on April 2, 2020  /  Last updated at 21:28 on April 2, 2020  /  Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

Let this economic crisis not be a brake on the low-carbon transition, but an accelerator. With the Green Deal as a compass, we can marry our emergency spending with structural changes that will prepare us for a greener tomorrow. Because we cannot backtrack on our climate commitments, neither governments nor companies. That is more than crisis management, that is responsible policy, writes Renat Heuberger, CEO, South Pole.

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UPDATE – Colombia extends verification arrangements for carbon tax offset projects

Published 16:29 on April 2, 2020  /  Last updated at 00:44 on April 3, 2020  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Colombia has prolonged temporary verification requirements for domestic offsets eligible for use against the South American nation’s carbon levy as the federal government continues work on its accreditation programme for in-country projects.

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UK should form national offset watchdog, think-tank says

Published 01:01 on April 2, 2020  /  Last updated at 22:50 on April 2, 2020  /  Aviation/CORSIA, EMEA, International, Voluntary Market  /  No Comments

The UK should set up a national body to guarantee the credibility of domestic carbon offsetting and spur land restoration, according to a report published by a think-tank on Thursday.

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COP26 climate summit postponed to 2021 over coronavirus fears

Published 20:47 on April 1, 2020  /  Last updated at 23:37 on April 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Governments have agreed to delay the COP26 summit in Glasgow until 2021 due to the COVID-19 pandemic, meaning the nearly 200 parties to the Paris Agreement will probably have to wait at least another six months to agree the rulebook for international emissions trading under the 2015 climate pact.

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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COMMENT: ICAO’s carbon market report offers valuable lessons for Article 6 talks

Published 19:34 on March 30, 2020  /  Last updated at 19:34 on March 30, 2020  /  Aviation/CORSIA, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

A report by experts recommending carbon credits for the ICAO’s CORSIA international aviation mechanism provides valuable lessons for the Article 6 negotiations. Even in the absence of an Article 6 agreement at COP26, countries which want to use global carbon markets should heed these lessons.

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