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CBL says CORSIA offset demand can bounce back by 2023 even with baseline change

Published 15:15 on June 10, 2020  /  Last updated at 16:55 on June 11, 2020  /  Aviation/CORSIA, International, Voluntary Market  /  No Comments

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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ANALYSIS: Virus crisis puts pause on voluntary carbon market’s rapid expansion

Published 11:50 on June 8, 2020  /  Last updated at 19:43 on June 12, 2020  /  Aviation/CORSIA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The massive economic upheaval of the coronavirus pandemic has paused the surge in voluntary carbon trade, but companies’ vastly differing fortunes and supply cut-offs are likely to prevent carbon credit prices plunging this year.

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Bipartisan US lawmakers introduce carbon offsets bill for farms and forests

Published 17:17 on June 4, 2020  /  Last updated at 22:30 on June 4, 2020  /  Americas, US, Voluntary Market  /  No Comments

Bipartisan Senate legislation unveiled on Thursday would help rural US stakeholders participate in carbon markets, building on heightened attention this year for driving climate change mitigation in the country’s agriculture and forestry sectors.

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CARBON PULSE CONVERSATIONS 011: EnergyLab (Chile)

Published 02:11 on June 3, 2020  /  Last updated at 02:11 on June 3, 2020  /  Americas, Carbon Taxes, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Views, Voluntary Market  /  No Comments

In the latest edition of our Carbon Pulse Conversations podcast, we chat with Cristian Mosella, co-founder and executive director of Chilean consultancy EnergyLab, about the South American country’s recent COP25 presidency, its updated Paris Agreement NDC, and developments regarding a potential emissions trading programme and the current carbon tax.

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Investment and advisory group snaps up EIB climate finance expert

Published 01:33 on June 2, 2020  /  Last updated at 01:33 on June 2, 2020  /  Australia, Bavardage, Conversations, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

A climate finance expert with the European Investment Bank is joining a London climate advisory and investment business, Carbon Pulse has learned.

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RGGI administrator distances carbon market from unauthorised CORSIA application

Published 15:41 on May 29, 2020  /  Last updated at 23:34 on May 29, 2020  /  Americas, Aviation/CORSIA, Climate Talks, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A third-party submission to qualify RGGI allowances and offsets for eligibility in the global aviation scheme CORSIA was not sanctioned by the Northeast US cap-and-trade programme and runs counter to existing regulations, the market administrator has told Carbon Pulse.

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UN accepts UK proposal to host COP26 in Nov. 2021

Published 20:57 on May 28, 2020  /  Last updated at 01:55 on May 29, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

*FREE READ* – Governments have agreed to move the COP26 UN climate summit to Nov. 2021 as environmental groups urged the UK hosts and other nations to use the extra time to enhance their climate action plans and to ‘green’ their post-coronavirus recovery efforts.

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Global carbon market sees modest growth in 2019, strong interest in forestry -World Bank

Published 13:00 on May 28, 2020  /  Last updated at 20:34 on May 29, 2020  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Global carbon markets expanded marginally last year and saw modest growth in government revenues, but interest in offset projects rose with forestry leading the way, according to an annual report released Thursday by the World Bank.

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California awards 402k new offsets as CCO-3 conversions slow

Published 23:10 on May 27, 2020  /  Last updated at 23:26 on May 29, 2020  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB issued nearly 402,000 new credits this week, with half going to a single forestry project, while conversions of offsets with reduced invalidation periods declined steeply, according to data released Wednesday.

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UK proposes Nov. 2021 for rescheduled COP26 climate talks

Published 23:36 on May 26, 2020  /  Last updated at 23:55 on May 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Britain has asked the UN climate agency to reschedule the delayed COP26 summit in Glasgow for November 2021 in order to further mitigate the impacts of coronavirus pandemic, with a decision slated for later this week.

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