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ENI becomes second oil major to include REDD in climate commitments

Published 17:07 on March 15, 2019  /  Last updated at 17:21 on March 15, 2019  /  Africa, EMEA, International, REDD, Voluntary Market  /  No Comments

Italian oil major ENI will invest in forest protection as part of a voluntary pledge to achieve net zero upstream emissions by 2030, it said on Friday, but the firm’s plans to grow fossil fuel output mean its full carbon footprint is still likely to rise.

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UN confirms 2019 dates for COP25 climate talks in Chile

Published 16:37 on March 7, 2019  /  Last updated at 22:49 on March 7, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central  /  No Comments

The COP25 UN climate conference in Chile will be held this December, the international organisation confirmed on Thursday, reversing an initial decision by the host nation to push the next annual negotiation round to Jan. 2020.

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Green Climate Fund approves first REDD project

Published 09:20 on February 27, 2019  /  Last updated at 00:07 on February 28, 2019  /  Africa, Americas, EMEA, International, REDD, South & Central, Voluntary Market  /  No Comments

The board of the Green Climate Fund on Wednesday awarded $96.5 million to a Brazilian REDD+ project, the first time a scheme designed to cut emissions by halting deforestation has been backed by the flagship UN-backed climate finance initiative.

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Green Climate Fund fills key positions ahead of crucial year

Published 13:03 on February 25, 2019  /  Last updated at 02:15 on February 26, 2019  /  Africa, Americas, Asia Pacific, Bavardage, China, EMEA, International, REDD  /  No Comments

The Green Climate Fund on Monday unveiled its new executive director and a global facilitator for its replenishment process, as the fund enters into crucial negotiations with donor countries over topping up its budget.

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Glencore to cap coal production, set climate targets in line with Paris

Published 09:06 on February 20, 2019  /  Last updated at 09:06 on February 20, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, EMEA, US  /  No Comments

Glencore will cap its global coal production at current levels and develop fresh emissions targets, the company announced Tuesday, after investor pressure to limit its impact on climate change.

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South Africa’s parliament approves long-awaited carbon tax bill

Published 17:32 on February 19, 2019  /  Last updated at 21:28 on February 19, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

South Africa’s parliament on Tuesday approved the country’s long-awaited carbon tax bill, clearing a key hurdle in keeping the measure on track to enter into force this spring.

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ECOSYSTEM MARKETPLACE: Former UNFCCC boss Yvo de Boer still working the climate puzzle, but from a different angle

Published 00:05 on February 13, 2019  /  Last updated at 00:05 on February 13, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.

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World Bank carbon fund inks first REDD payment deals

Published 19:06 on February 12, 2019  /  Last updated at 20:46 on February 12, 2019  /  Africa, Americas, Australia, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.

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WITHDRAWN-South Africa’s long-awaited carbon tax may see further delay -PwC

Published 17:37 on February 11, 2019  /  Last updated at 13:55 on February 12, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

**This story has been withdrawn due to inaccurate information published Feb. 8 by PwC. The consulting firm’s comments were based on an old version of South Africa’s carbon tax bill.**

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South African carbon tax bill heads for parliament vote after committee approval

Published 21:52 on February 5, 2019  /  Last updated at 21:52 on February 5, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

A South African parliamentary committee on Tuesday approved the country’s carbon tax bill, moving the long-awaited levy a step closer to becoming law.

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