Australia Market Roundup: Issuance slows, CDM deadlock could shift voluntary dynamics
Australian carbon credit issuances slowed to just over 250,000 units this week, while a UN impasse over the future of the CDM could have major impacts on Australia’s voluntary emissions market.
Read MoreCalifornia offset task force recommends shorter invalidation timelines, compliance limit transfers
California regulator ARB should reduce the invalidation period for offsets, allow regulated entities to trade compliance limits, and implement four new or revised protocols to incentivise additional credit usage in the state’s WCI-linked carbon market, according to a committee report published Wednesday.
Read MoreANALYSIS: With millions at stake, Korean offset investors sweat over CDM impasse
South Korean investors in projects expected to import tens of millions of carbon credits are tying their fortunes to a UN body that has so far dodged a decision on keeping Clean Development Mechanism (CDM) units flowing beyond this year.
Read MoreChile targets 2023 for CO2 levy threshold changes and offset provision
Chile is aiming to implement an overhaul to its flat $5/tonne carbon tax in 2023 that will alter the coverage threshold for emitters and allow companies to utilise offsets against an undetermined portion of their GHG output, a government official said Wednesday.
Read MoreAustralia’s support for Pacific carbon markets falls short, group says
Australia’s 2020-21 budget includes a modest amount for supporting ocean and forest-based carbon activities in the Pacific region, but the government should do more, an industry group said Wednesday.
Read MoreHudson Technologies and Bluesource team up to develop voluntary HFC offset projects
US refrigerant services provider Hudson Technologies and offset developer Bluesource announced a partnership on Tuesday to spur the creation of voluntary market carbon credit projects that reclaim high-global warming potential gases around the country.
Read MoreUN board dodges decision on ‘back door’ CDM extension into Paris era
A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.
Read MoreBrazil voluntary carbon programme may ease Paris double counting fears
The Brazilian environment ministry (MMA) has launched a carbon-focused element of its voluntary ecosystem services market for forests that some stakeholders view as a positive sign for the country to avoid double counting emissions reductions under the Paris Agreement.
Read MoreMiddle East’s Global Carbon Council resubmits CORSIA application for full eligibility
The Qatar-based Global Carbon Council (GCC) has made several revisions to its voluntary offset programme as it seeks full eligibility under the UN body ICAO’s CORSIA international aviation offset system, according to a document posted Friday.
Read MoreSan Diego County scraps climate plan after court rules against voluntary offset programme
San Diego County will begin crafting a new climate plan after a court this summer banned its voluntary offset programme for rural housing developments from the jurisdiction’s existing strategy, officials announced this week.
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