UN aviation body delays decision on key rules for airline offset scheme

by Kelsey PerlmanAviationPosted on Comments are Disabled

28 June 2018 – BRUSSELS. The International Civil Aviation Organisation (ICAO) Council approved part of the package of rules for its future aviation offsetting scheme (CORSIA) yesterday in Montreal. The Council postponed decisions on offset and biofuel criteria, fueling concerns that they may be weakened before the next Council meeting in September. The 36 member countries …

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An elephant in the room

by Gilles DufrasneGlobal marketsPosted on Comments are Disabled

How offsetting threatens even the most ambitious carbon pricing initiatives As leaders from three major carbon pricing jurisdictions meet in Brussels this week, it is important to take stock of how effectively pollution is priced in China, Canada, and the EU, and how it can help deliver on Paris climate goals.   The 24th UN …

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EU climate package to end access to international offsets

by Andrew CoileyEU carbon market, Global marketsPosted on Comments are Disabled

Carbon Market Watch welcomes the European Commission’s proposal to end the EU’s dependency on international offsets in its 2030 climate package but says the failure to address the current oversupply of 2 billion emission permits in the European emissions trading scheme will weaken the real-world impact of the new targets.    Eva Filzmoser, Director of Carbon …

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Offsetting nature?

by CMW2050 climate strategiesPosted on Comments are Disabled

Picture: cc @Doug88888   By Hannah Mowat, Carbon and Ecosystems Trading campaigner, FERN   As a reader of Watch This! you will be well aware of the numerous problems the European Union Emissions Trading Scheme faces in terms of windfall profits for polluting companies, increased emissions, and delaying the move towards a low-carbon infrastructure. You …

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Press release: New draft regulation on offset entitlements criticized for undermining the EU ETS

by CMWEU carbon marketPosted on Comments are Disabled

Today, the EU Climate Change Committee approved a draft regulation by the European Commission that allows operators under the EU ETS to continue the use of more than 600 million offset credits for compliance with emission limits from 2013 to 2020. Carbon Market Watch calls on the European Parliament to review the quantity entitlements and to introduce quality restrictions that ensure that credits from business as usual projects that pose an immediate threat to the EU ETS will not be allowed.