Wednesday, April 14, 2021

Delta Is Offsetting the Carbon Emissions From 300,000 Passengers for Earth Day

In honor of Earth Day, Delta Air Lines is offsetting the carbon impact of more than 300,000 passengers’ flights. The airline announced Monday that it would offset the carbon emissions of passengers flying on domestic routes out of New York, Boston, Seattle, Los Angeles, Raleigh-Durham and Atlanta on Earth Day.... An excerpt from Travel Leisure

[New Hampshire] House votes to invest RGGI funds in energy efficiency

The House of Representatives voted 215-133 today to pass HB 582, which reallocates distribution of RGGI funds to increase investment in energy efficiency. Rep. John Mann (D-Alstead), prime sponsor of the legislation, released the following statement... For progress on the bill's status, refer to this link https://www.billtrack50.com/BillDetail/1016791 An excerpt from Eagle Times

German government examines CO₂ price – media reports

The country’s transport ministry also wants the new climate cabinet, recently set up by Chancellor Angela Merkel, to debate CO₂ pricing in multiple sectors, according to ministry documents seen by Clean Energy Wire — although a CO₂ price was not included in the ministry’s draft recommendations for reducing transport emissions. ... An excerpt from Clean Energy Wire

Fiat Chrysler to pay Tesla for CO2 emissions credits

Fiat Chrysler (FCA) confirmed Sunday (7 April) that it is to pay hundreds of millions of dollars to Tesla, the zero-emissions electric carmakers, to avoid getting hit by European Commission fines. The statement from the California-based firm confirmed a report in the Financial Times that FCA was paying Tesla, whose electric cars have no CO2 emissions. Tesla has made over $1...

Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the...

Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting. The EU has never allowed forest credits in...

[Korea] Parliament passes bill on designating fine dust as social disaster

"The National Assembly passed a bill on the designation of fine dust as a social disaster Wednesday as South Korea struggles with its worst-ever particle pollution. The proposal on fine dust as a social disaster will pave the way for the government to inject state money when an urgent need for expenditure arises." An excerpt from Yonhap News

Manufacturers Have Trouble Securing Carbon Credits Due to Sharp Decline in Trading

As no carbon emission permits have been put up for sale for a while despite high prices, there has been no emission permit transaction in the market. As a result, companies which have failed to secure carbon credits are facing a crisis. They want to buy emission permits even with high prices, but they cannot get them and are...

EEX Reconfirms Its Support For The Development Of National ETS In China

In a 3-day technical workshop, EEX has engaged with staff of Shanghai Environment and Energy Exchange (CNEEEX) and other Chinese stakeholders, sharing its experience in the operation and supervision of an emissions trading platform. The workshop was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in cooperation with CNEEEX. In addition to EEX, the German Emissions Trading Authority (DEHSt)...

20.09.21~20.09.27 Climate change: China aims for ‘carbon neutrality by 2060’ – BBC News

... China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced....China is the world's biggest source of carbon dioxide, responsible for around 28% of global emissions. ... Back in 2014 Mr Xi and then US-President Barack Obama came to a surprise agreement on climate change, which became a key building block of...

South Carolina forestland owners’ willingness to accept compensations for carbon sequestration

This study investigated South Carolina forestland owners’ willingness to generate and sell carbon credits to California’s cap-and-trade program. We used a sample of 784 private forestland owners’ responses to a contingent valuation survey in SC. As part of the main objectives of this study, our estimated average willingness to accept (WTA) in order to supply carbon credits to California’s...

‘Unrelenting and unhedgeable’: the EU’s largest emitter on Brexit’s carbon trading risks

The risks presented by Brexit to the largest emitting company in the EU ETS are unrelenting and unhedgeable, according to RWE Supply and Trading’s head of regulatory affairs....An excerpt from Carbon Pulse

MSCI to acquire Carbon Delta

Founded in 2015, Carbon Delta is a global leader for climate change scenario analysis. Together, MSCI and Carbon Delta will create an extensive climate risk assessment and reporting offering for the institutional market, providing global investors with solutions to help them better understand the impact of climate change on their investment portfolios and comply with mandatory and voluntary climate...

Quebec cap-and-trade revenues exceed $3 billion as carbon market withstands ontario withdrawal

"A new infusion of C$215 million has pushed Quebec’s cumulative carbon cap-and-trade revenues above the $3 billion mark, at just the moment when Ontario has cancelled its carbon pricing program and Alberta’s Jason Kenney is vowing to do the same if he wins the provincial election later this year. Two key decisions contributed to that stability, CBC notes: the participating...

[Australia] Labor edges away from using Kyoto credits to reach Paris target

Bill Shorten has signalled Labor is highly unlikely to use carryover credits from the Kyoto protocol as part of its climate change policy, which will be unveiled over the coming weeks. Labor has already released its policy for reducing emissions in the electricity sector. Shortly the opposition will unveil the rest of its policy measures, expected to include a trading...

NHL to purchase carbon offsets to counter playoff air travel

The National Hockey League said on Monday it would purchase carbon credits to offset airline emissions of heat-trapping greenhouse gases during the Stanley Cup playoffs. For the first round of the playoffs, which has the highest number of teams traveling and is currently underway, the NHL will offset more than 465 metric tons of carbon emissions, equivalent to taking 99...

Ontario emissions declined during first year of now-defunct ETS, data shows

All three of Ontario’s largest emitting sectors saw their GHG output drop during the first year of the Canadian province’s now-cancelled cap-and-trade programme, according to government data....An excerpt from Carbon Pulse

Nations seek to shift gears on UN Article 6 carbon market talks

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year....An excerpt from Carbon Pulse

New PostCO₂ price debate gathers speed within German grand coalition

More and more politicians from German Chancellor Angela Merkel’s grand coalition are showing openness to the idea of introducing a price on CO₂ and have entered a debate about its possible form and details, writes Konrad Schuller in Frankfurter Allgemeine Sonntagszeitung. While economy minister Peter Altmaier had long insisted the concept was not on the government’s agenda for this...

21.01.18~20.01.24 Biden administration to unveil more climate policies, urges China to toughen emissions target

... A memo seen by Reuters on Thursday showed Biden will unveil a second round of executive orders as soon as Jan. 27 that include an omnibus order to combat climate change domestically and elevate the issue as a national security priority. ... Biden, a Democrat who took office on Jan. 20, quickly issued executive orders canceling the Keystone XL pipeline that...

Linking of the Swiss and EU emissions trading systems: CO2 Ordinance revision enters consultation phase

On 25 March 2019, the Federal Department of the Environment, Transport, Energy and Communications (DETEC) opened the consultation on the partial revision of the current CO2 Ordinance. The amendment is needed so that the Swiss and EU emissions trading schemes (ETS) can be linked. From 2020, emissions from civil aviation and fossil power plants will be included in the...

British Steel Seeks £100 Million Government Loan After Being Left Out Of EU Scheme

British Steel is seeking a £100 million Government loan after failure to pass a Brexit deal left it out of an EU-wide carbon trading scheme, according to reports.British Steel is understood to be seeking the loan because of the EU’s decision to suspend usual permits for UK-based companies, under its carbon emissions trading system....An excerpt from Huffpost

CO2 price of €200 for EU net zero: Shell (20.05.04 ~ 20.05.17)

… "Our analysis assumes a rising carbon pricing mechanism — whether explicit or implicit — to more than €200/t CO2 equivalent (CO2e) by 2050 to deliver and sustain the emission cuts and CO2 management necessary for the EU to reach climate neutrality," Shell said today. This is well above the current price of allowances under the EU's emissions trading...

Smaller Impact From Carbon Tax In NS Due To ‘Cap And Trade’

On Monday, the federal government began levying its carbon tax on greenhouse gas-emitting fuels in four provinces that refused to take part in the national climate framework and create their own carbon pricing system.... An excerpt from CJLS

[UK] The deadline for UK operators to surrender allowances extended from 15 March 2019 to 26 March 2019.

"This legislation would extend the deadline for UK operators to surrender allowances from 15 March 2019 to 26 March 2019. The deadline for UK operators to report their 2018 emissions to their regulator remains 11 March 2019." An excerpt from Parliament UK

ETS revamp: averaging accounting for forests

Forestry Minister Shane Jones and Climate Change Minister James Shaw have today announced a second set of changes to the Emission Trading Scheme (ETS) as part of broader reforms to make the scheme fit-for-purpose. “The timing of this decision – as the 2019 planting season is about to get under way – is important for forest owners. They can now...

Guangdong carbon market closes higher

Carbon emissions allowances closed at 22.49 yuan (3.35 U.S. dollars) per tonne on Wednesday, 0.13 percent up from Tuesday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China. The allowances, officially known as Guangdong Emissions Allowances (GDEA).. Since its opening in December 2013, the market has traded 112.13 million tonnes of GDEA, with a total turnover...

Entrex launches Blockchain enabled Carbon Credit Market for private Biodiesel Producers

"The Entrex Capital Market, a Joint Venture between Long Blockchain Corporation (OTC: LBCC) and Entrex,.. launched a Blockchain enabled Carbon Credit Trading Market with approximately 2.5 million tokens; each representing one-ton Carbon Credits. “Private biodiesel producers have found that their production produces Carbon Credits in addition to the actual biodiesel and RINs or EPA Renewable Identification Numbers. “With appropriate Certification,...

21.02.15~20.02.21 World Bank, IMF to consider climate change in debt reduction talks

...WASHINGTON: The World Bank is working with the International Monetary Fund (IMF) on ways to factor climate change into the negotiations about reducing the debt burdens of some poor countries, World Bank President David Malpass told Reuters in a Friday interview.Three countries — Ethiopia, Chad and Zambia — have already initiated negotiations with creditors under a new Common Framework...

Landowners are earning millions for carbon cuts that may not occur

Under a California program aimed at curbing climate pollution, landowners across the US have received hundreds of millions of dollars for promised carbon dioxide reductions that may not occur. The state has issued carbon offset credits to projects that may overstate their emissions reductions by 80 million tons of carbon dioxide, a third of the total cuts that the state’s...

20.10.12~20.10.18 NASA Supercomputing Study Breaks Ground For Tree Mapping, Carbon Research

Scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and international collaborators demonstrated a new method for mapping the location and size of trees growing outside of forests, discovering billions of trees in arid and semi-arid regions and laying the groundwork for more accurate global measurement of carbon storage on land. Using powerful supercomputers and machine learning algorithms, the...