California offset registries hanging in amid COVID-19 challenges
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.
Read MoreICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision
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.
Read MoreCalifornia issues 535k offsets as G-CCO discount tightens on allowance crash
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.
Read MoreMexico targets Q4 for publishing compliance offset protocols
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.
Read MoreCORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show
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.
Read MoreVerra seeks clarifications, changes on aviation offset restrictions under CORSIA
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.
Read MoreAirline Lufthansa cuts flights 95% amid virus crisis, reversing EUA cost impact
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.
Read MoreMajor climate conference nixed over coronavirus
A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.
Read MoreAirlines’ CORSIA offset requirements could skew lower with flexibility provision -analysis
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.
Read MoreFEATURE: Net zero-driven carbon credit demand set to reshape offset market
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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