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California offset registries hanging in amid COVID-19 challenges

Published 16:24 on March 30, 2020  /  Last updated at 01:20 on March 31, 2020  /  Americas, Canada, US, Voluntary Market  /  No Comments

California offset registries are not experiencing any operational delays since the outbreak of the coronavirus pandemic, though discussions are continuing on providing additional flexibility for developers of WCI-eligible credits.

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ICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision

Published 21:31 on March 26, 2020  /  Last updated at 21:31 on March 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.

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California issues 535k offsets as G-CCO discount tightens on allowance crash

Published 21:58 on March 25, 2020  /  Last updated at 22:43 on March 25, 2020  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB minted more than 535,000 new offsets this week, with another half million credits seeing their invalidation period cut to three years, according to data published Wednesday.

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Mexico targets Q4 for publishing compliance offset protocols

Published 20:48 on March 25, 2020  /  Last updated at 23:00 on March 25, 2020  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

Mexico will aim to release offset protocols for use under its ETS in the final quarter of 2020, with several methodologies under consideration, a government official said Wednesday.

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CORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show

Published 22:07 on March 24, 2020  /  Last updated at 11:08 on March 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.

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Verra seeks clarifications, changes on aviation offset restrictions under CORSIA

Published 21:32 on March 19, 2020  /  Last updated at 22:36 on March 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is planning a series of alterations to its Verified Carbon Standard (VCS) project types that the ICAO Council declined to approve for use under the international aviation offset system CORSIA.

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Airline Lufthansa cuts flights 95% amid virus crisis, reversing EUA cost impact

Published 15:34 on March 19, 2020  /  Last updated at 22:26 on March 19, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International, Voluntary Market  /  No Comments

Airline Lufthansa Group faces a drastic cut in its emissions this year as coronavirus measures have seen its passenger flights cut 95%, reversing an upward trend that caused its EU ETS costs soar in 2019, the company’s results on Thursday showed.

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Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

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Airlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis

Published 21:17 on March 16, 2020  /  Last updated at 22:07 on March 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

A flexibility mechanism built into the global aviation offset programme CORSIA could dampen carbon credit obligations during the scheme’s pilot phase to address coronavirus-related impacts on the emission baseline, eliminating the need for any changes to the underlying ICAO resolution, according to a green group’s analysis.

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FEATURE: Net zero-driven carbon credit demand set to reshape offset market

Published 02:46 on March 16, 2020  /  Last updated at 21:06 on March 16, 2020  /  Climate Talks, International, REDD, Voluntary Market  /  No Comments

Demand for carbon offset credits is set to rise as governments and businesses seek to make good on pledges to achieve net zero emissions in the future, but the market itself will also change dramatically, according to experts.

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