First carbon offset futures contracts to launch within weeks Over-the-counter market is unregulated, small, opaque Critics fear race to bottom For factbox on carbon offsets, please click on
LONDON, Feb 25 (Reuters) - An expected dash by big corporations for offsets to meet their climate targets has prompted financial exchanges to launch carbon futures contracts to capitalise on what could be a multi-billion dollar market.
It’s a step change. Carbon offsets, generated by emissions reduction projects, such as tree planting or shifts to less polluting fuels, have struggled for years to gain credibility, but as climate action has become urgent, their market is expected to grow to as much as $50 billion by 2030.
MIAMI – Air Serbia (JU) has implemented a new mobile application called “SkyBreathe” to monitor and control fuel consumption. The app is intended for JU flight crews only, according to an airline press release.
The application will provide JU crews with insight into all the flights they have carried out and with the ability to analyze each stage of the flight, compare deviations between the implementation and the flight plan, and monitor the successfulness of initiatives implemented to reduce the emission of gasses.
The application also offers pilots an excess of information that can help with their activities before take-off and after the flight itself.
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âThis conference is long overdue. It was proposed before the Covid-19 outbreak and now it makes even more sense to think together how to reshape our Union to make it fit for todayâs challenges. I am glad that our proposal to have an inclusive and bottom-up approach has been taken up. Thanks to the S&Ds, the Conference will also respect gender equality and social diversity; it will ensure a geographical balance and will pay special attention to young people. For our parents and grandparents, Europe meant freedom, peace and prosperity. For our generation, and future generations, Europe must be about equality, solidarity and hope. We now have an opportunity to shape it accordingly.â
From 1 January 2021, you will need to comply with the
UK ETS as soon as you become an aircraft operator.
This guidance will help aircraft operators understand and comply with their obligations under the
The
UK ETS applies to aircraft operators that were regulated by the UK under the European Union Emissions Trading System (
EU ETS). It also applies to those that will be new to regulation in the UK.
If you need to comply with the
UK ETS, you must monitor your aviation emissions for each scheme year and report your verified aviation emissions by 31 March in the following scheme year. Aviation emissions are emissions of carbon dioxide (CO
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Afme report reveals 58% increase of the European ESG market in 2020 04 March 2021
Source: Afme AFME is launching today its first European ESG Finance quarterly data report, with figures revealing the scale of growth of the rapidly growing Sustainable Finance market in Europe. The report, to be released quarterly, contains up to date trends for the European Sustainable Finance market including issuance of green, social and sustainable bonds and ESG and Green linked loans; green Securitisation issuance; outstanding amounts of ESG bonds; ESG fund management; ESG bond trading; carbon trading; and ESG valuation figures as well as a high-level regulatory and supervisory snapshot on the European Sustainable Finance market.