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Market news: Iran launched missiles into southern and central Israel.March 21 – According to the Civil Aviation Administration of China (CAAC), in February, air passenger traffic reached 68.305 million, a year-on-year increase of 11%. Data shows that in February, domestic air passenger traffic reached 61.442 million, a year-on-year increase of 10.5%; international air passenger traffic reached 6.863 million, a year-on-year increase of 15.6%. Regarding cargo and mail transportation, in February, air cargo and mail volume reached 740,000 tons, a year-on-year increase of 22.3%. Among them, domestic air cargo and mail volume reached 408,000 tons, a year-on-year increase of 21.2%; international air cargo and mail volume reached 332,000 tons, a year-on-year increase of 23.8%.On March 21, Colombian President Petro Petrov stated via social media on March 20 that he firmly denies any allegations of ties between himself, his presidential campaign, and drug cartels. Petrov said that the Colombian judiciary currently has no investigations linking him to drug traffickers, and he stated that he has "never spoken to any drug traffickers." Petrov also said that he explicitly instructed his campaign team leaders not to accept any political donations from bankers or drug traffickers. A comprehensive investigation into his presidential campaign has also found no drug-related funds.According to Al Jazeera, a new round of airstrikes has occurred in the Iranian regions of Tehran, Karaj, and Isfahan.March 21st - International crude oil prices continue to fluctuate at high levels, and the cost pressure on airlines is being rapidly passed on to customers. Recently, several domestic airlines have raised fuel surcharges on international routes, with increases generally exceeding 50%, and some routes even doubling. Although the domestic market is still in the traditional off-season after the holidays, with the expectation of further fuel surcharge increases continuing to strengthen, many consumers are starting to book tickets for travel two weeks or even a month in advance, attempting to lock in relatively lower travel costs at present.

Canada Introduces Carbon Offset Certificates to Combat Emissions

Haiden Holmes

Jun 09, 2022 11:19

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Canada began a credit system for greenhouse gas offsets on Wednesday, a significant component of its goal to reduce carbon emissions, beginning with a set of rules outlining how projects might create tradable credits by absorbing landfill gas.


The government reported that guidelines for four additional areas, including agriculture and forest management, are in development. This summer, it will also begin creating rules for carbon capture technology, on which Canada's highly polluting oil industry is relying to reduce emissions.


The Liberal government of Prime Minister Justin Trudeau has vowed to reduce climate-warming emissions by 40-45 percent below 2005 levels by 2030. 7 percent of Canada's total carbon output comes from greenhouse gas emissions from trash, including landfills.


The greenhouse gas offset credit system is designed to enable a domestic carbon offset trading market, and the government has stated that it will generate new economic opportunities for businesses and municipalities that reduce emissions.


Participants may register projects and earn one tradable offset credit for each tonne of emissions reduced or removed from the environment, provided their initiatives adhere to the federal offset regulations that specify which activities qualify.


The credits can subsequently be sold to others, such as big industrial polluters obligated to limit carbon pollution or businesses voluntarily offsetting their emissions.


"Beginning with landfills, we are implementing a market-based framework to encourage firms and municipalities to invest in pollution-reducing technology and innovations," stated Environment Minister Steven Guilbeault.


The government anticipates that the price of carbon credits would closely mirror Canada's carbon pricing, which is presently set at C$50 per tonne and will increase to C$170 per tonne by 2030.


However, environmental groups cautioned that enabling polluters to purchase offset certificates rather than reducing their own emissions could jeopardize climate goals.


Greenpeace Canada spokesman Shane Moffatt stated, "Offsetting does not prevent carbon from entering the atmosphere and warming our planet; it merely keeps it off the books of large polluters who are accountable."


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