Eyeing voluntary market split, Gold Standard seeks firm line on Paris-era offsetting
Offset certifier Gold Standard plans to differentiate post-2020 vintage carbon credits depending on whether host nations make corresponding adjustments to their emissions inventories, a firm line that may force offset buyers to drastically rethink their voluntary climate strategies.
Read MoreGreater clarity on CORSIA offset supply, eligibility necessary for enhanced market participation -report
A lack of standardisation and transparency across eligible offset programmes under the international aviation offset market CORSIA is presenting a barrier to entry for participants and making it difficult to estimate credit supply, according to a new report.
Read MoreGlobal energy emissions growth sees dip in 2019 as coal’s role fades -BP
Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.
Read MoreUnilever sets 2039 full-scope net zero emissions target, launches €1 bln fund
Consumer goods firm Unilever has bolstered its voluntary climate goal, pledging on Monday to reach net zero emissions from its operations and products by 2039 while launching a €1 billion climate and nature fund to be spent over the next decade.
Read MoreCalifornia court upholds ban on San Diego County voluntary offset programme
A San Diego County provision for rural housing developments to utilise out-of-jurisdiction carbon credits violates the California Environmental Quality Act (CEAQ) because it lacks stringent language on additionality and environmental integrity, California judges ruled Friday in support of a lower court ruling.
Read MoreANALYSIS: From black sheep to blue chip, offsetting wages battle for acceptance
Long seen as a shortcut for corporate climate action, offsetting is aiming for a major credibility boost this year, in a process that could transform the voluntary and compliance carbon markets.
Read MoreFirst deal in new Brazilian biofuel carbon credits inked
The first ever transaction in a new type of Brazilian carbon credit has been completed, with a conference company buying 100 units from a biofuel producer under the country’s renewable fuels market.
Read MoreANALYSIS: Regulatory delays amid COVID-19 creating headwinds for Canadian offset industry
The onset of the coronavirus pandemic is presenting several challenges for developing offset projects under the Canadian government’s planned system, with stakeholders enduring more delays in receiving regulatory guidance on eligible protocols and travel restrictions that are complicating site visits.
Read MoreCalifornia offset issuances slide as Quebec doles out 63k credits
California regulator ARB minted over 115,000 new offsets this week across two protocols, while Quebec’s environmental ministry granted nearly 63,000 credits to seven different projects, according to data released Wednesday.
Read MoreCBL says CORSIA offset demand can bounce back by 2023 even with baseline change
Offset demand under the international aviation sector’s CORSIA scheme can climb back to near levels expected pre-COVID by as early as 2023, exchange operator CBL Markets said Wednesday, supporting a push to adjust the UN programme’s baseline to cover only 2019 emissions.
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