CORRECTED – COP23: Germany puts €50m towards N2O abatement, eyes €20m in offsets via World Bank auction platform

Published 14:30 on November 10, 2017  /  Last updated at 09:49 on November 15, 2017  /  Africa, Americas, Asia Pacific, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

Germany will spend €50 million in directly funding N2O nitric acid abatement in developing countries and is aiming put an additional €20 million towards buying CDM or voluntary offsets via the World Bank’s auction platform emerging out of the Pilot Auction Facility (PAF).

(Corrects original story that reported €50m would be for offset buying alone, and includes that VCUs are eligible as well as CERs)

A Carbon Pulse subscription is required to read the full article. Subscribe today to access our unrivalled news and intelligence, as well as our new premium content. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

Comment

We use cookies to improve your website experience and to analyse our traffic. We also share non-personally identifiable information about your use of our site with our analytics partners. By continuing to use our site, you agree to this. More information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close