Norwegian oil firm Equinor broadens climate goal to include its products
Norway’s Equinor is joining other major European oil and gas companies in setting a target to rein in emissions including those from the fuel it sells, leaving the door open for using offsets to help meet the goal.
Read MoreClimeCo VP departs for Canadian environmental firm
A vice president for offset developer and advisory firm ClimeCo has taken a senior position with a Canadian competitor, Carbon Pulse has learned.
Read MoreChilean senate passes carbon tax reform with offset provision
The Chilean senate approved changes to the Latin American nation’s $5/tonne CO2 levy on Wednesday, altering the methodology for applying the tax and setting out the use of offsets as a compliance option.
Read MoreCalifornia mints 589k offsets in second issuance of 2020
California regulator ARB issued nearly 589,000 new California Carbon Offsets (CCOs) over the past two weeks across three WCI protocols, according to data published Wednesday.
Read MoreCOP26 seen as “last chance” to forge Paris carbon trading rulebook
The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.
Read MoreWorld Bank sets November deadline for remaining REDD deals
The World Bank Forest Carbon Partnership Facility (FCPF) will sign deforestation reduction agreements with its remaining 14 countries by the end of November, as the deals viewed as a possible base for international emissions trade begin to stack up.
Read MoreUK levy on airlines, big oil could fund land-based carbon trading, say government advisors
The UK should consider imposing a levy on airlines and fossil fuel companies to help spur a woodland carbon trading scheme, the country’s official climate advisors said on Wednesday.
Read MoreWorld Bank REDD programme adopts changes to align with CORSIA
The World Bank’s Forest Carbon Partnership Facility (FCPF) has made revisions to its deforestation reduction programme methodology in response to comments from an UN aviation expert panel, with an aim of becoming eligible for the international flight offset programme CORSIA.
Read MoreWashington state can implement Clean Air Rule on stationary sources, court rules
The Washington Department of Ecology (ECY) can enforce its market-based carbon rule on stationary emitters after the state Supreme Court partially overturned a lower court’s decision on Thursday, but the ruling still bars the agency from implementing GHG limits on fuel suppliers and natural gas distributors.
Read MoreNew US soil offset protocol seeks simplified approach to additionality
A US offset registry and agricultural technology company began the process of developing a soil carbon methodology for the voluntary offset market on Wednesday, with a focus on streamlining the process of proving additionality.
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