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crisis — and a recent survey found that a vast majority of corporate leaders are considering some sort of financial action as a result of the pandemic.
The Council’s decision follows on recommendations it received from the Technical Advisory Body (TAB) it established for this purpose, and establishes a set of eligible emissions units complying with offsetting requirements in the 2021-2023 pilot phase of CORSIA from the following six programmes:
• American Carbon Registry • China GHG Voluntary Emission Reduction Program • Clean Development Mechanism • Climate Action Reserve • The Gold Standard • Verified Carbon Standard Coronavirus likely to lower a key 2019-20 baseline for average aviation emissions that will force more carbon offsets if flights rebound in 2020s.
Over $26 billion wiped off cryptocurrency market in 24 hours after massive oil price plunge10/3/2020 Cryptocurrency markets plunged following a plummet in oil prices and further sell-off in stocks.
The market capitalization or entire value of cryptocurrencies was down $26.43 billion from a day earlier at around 1:17 p.m. Singapore time, according to data from Coinmarketcap.com. The sell-off worsened as the day went on. Bitcoin, the biggest cryptocurrency by value, fell over 10% in 24 hours at around the same time.
Oil prices crashed and equities plunged after crude producers launched a price war, an additional disruption to a global economy already struggling thanks to the Coronavirus. Bonds surged. Among the tumultuous moves to kick off the week:
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