ICAO decision on aviation carbon market rules a step in the right direction but fails to exclude all junk credits
MONTREAL/BRUSSELS, 14 March 2020. The UN aviation body ICAO’s Council has agreed to recognise carbon offsets from six existing offset programmes for use by airlines under CORSIA, the UN’s new carbon market for aviation. The Council’s 36 member countries also decided to limit the age of credits used as well as the type of projects eligible. However, the total supply of…
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Watch This! NGO Voices on Carbon Markets #5
Despite severely over-supplied carbon markets and lacking mitigation commitments, countries are currently developing additional carbon market schemes. At the same time, countries are contemplating what changes are needed to the underlying rules of the CDM. They are also negotiating REDD and other approaches to reduce emissions from international aviation. Throughout all these developments it is of utmost importance to take into account the lessons from the past. In order to achieve real benefits for climate and people, your voice on carbon markets will be important!
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