Fiji, Poland tapped as next COP hosts
Fiji will chair next year’s UN climate summit in the German city of Bonn while Poland has proposed to once again host the talks in 2018, sources told Carbon Pulse.
Read MoreStudy urges stronger control over carbon offset market
The international carbon offset market needs an independent monitoring process to guarantee the credibility of credits, a Stanford University-led study said, highlighting a Kenya-based project that it showed huge discrepancies between its own findings and the project-owners’ reports.
Read MoreWorld remains adrift from 2C warming -UNEP
The world remains on course to emit 12 billion tonnes of CO2e more in 2030 than needed to stay on track to limiting warming to 2 degrees C, UNEP said Thursday in its seventh annual Emissions Gap report, highlighting the same disparity as a year earlier.
Read MoreNorwegian firms call for new fund to back renewables, carbon credits
A group of Norwegian renewable firms is calling for the government to set up a 5 billion NOK ($611 million) guarantee fund to help companies build clean energy sources in developing nations that could generate up to 10 million UN-issued carbon offsets a year.
Read MoreWorld Bank sets date for third PAF auction
The World Bank will hold the third auction under its Pilot Auction Facility (PAF) on Jan. 10, 2017, it announced Wednesday.
Read MoreGlobal decarb rate edges up in 2015, still well short of 2C requirements -consultants
Carbon intensity among the Group of 20 major economies slightly increased its rate of decline in 2015, a sign that the world is sustaining its trend of decoupling GDP from emissions but at a rate too slow to prevent dangerous warming, an analysis by consultancy PwC found.
Read MoreIFC issues $152M REDD-linked bond
The World Bank’s International Finance Corporation (IFC) has issued a new type of bond listed on the London Stock Exchange that will buy REDD credits from a project in Kenya.
Read MoreGlobal forest carbon finance increased 26% in 2015, report finds
Global funding for efforts to store carbon in forests rose 26% to $880 million in 2015, but that amount would have shrunk if not for the Australian government’s Emissions Reduction Fund (ERF).
Read MoreCarbon trading could cut climate action costs by a third -World Bank
Increased use of international emissions trading could shave 32% off the cost of the world’s efforts to cut greenhouse gas emissions by 2030, and more than halve them by 2050, according to a World Bank report released Tuesday.
Read MoreCountries finally clinch deal over global HFC phase-down
More than 190 governments early on Saturday reached a historic agreement to cut hydrofluorocarbons (HFCs), a potent greenhouse gas that has been at the centre of often divisive international negotiations for nearly a decade.
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