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CDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit

Published 19:51 on September 5, 2018  /  Last updated at 19:51 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.

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COMMENT – Wanted: Team coach for the Green Climate Fund

Published 02:00 on August 30, 2018  /  Last updated at 23:10 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, US, Views  /  No Comments

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.

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UNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes

Published 20:35 on August 29, 2018  /  Last updated at 19:09 on August 30, 2018  /  Africa, Americas, Aviation, Bavardage, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South Korea, Voluntary Market  /  No Comments

The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

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Rise of international compliance markets will still accommodate voluntary carbon offsets -experts

Published 00:50 on August 1, 2018  /  Last updated at 01:58 on August 1, 2018  /  Africa, Americas, Asia Pacific, Aviation, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.

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COMMENT: New CDM issuance rules penalise developers and discriminate against smaller companies

Published 23:06 on July 10, 2018  /  Last updated at 23:06 on July 10, 2018  /  Africa, Americas, Asia Pacific, Conversations, EMEA, International, Kyoto Mechanisms, Views  /  No Comments

The UNFCCC’s Clean Development Mechanism (CDM) has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. But recent decisions by the UNFCCC risk alienating may of the companies whose activities support this mechanism and discriminate against smaller enterprises.

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L’Oreal, Nespresso detail strategies for reducing supply chain emissions

Published 22:51 on July 2, 2018  /  Last updated at 15:40 on July 8, 2018  /  Africa, EMEA, International, Voluntary Market  /  No Comments

Companies are increasingly looking to carbon ‘insetting’ to blend corporate climate targets with attention to resiliency and co-benefits, according to two European-based entities speaking at a webinar on Monday.

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ICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out

Published 00:37 on June 28, 2018  /  Last updated at 19:51 on June 29, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.

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Number of deregistered CDM projects doubles

Published 16:35 on June 8, 2018  /  Last updated at 16:35 on June 8, 2018  /  Africa, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.

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Germany, World Bank gear up for €20m N2O offset auction

Published 17:49 on June 5, 2018  /  Last updated at 10:46 on June 6, 2018  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.

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RETRACTED – South African cabinet approves carbon tax proposal, bringing long-delayed bill a step closer to passage

Published 21:25 on May 24, 2018  /  Last updated at 16:13 on May 30, 2018  /  Africa, Carbon Taxes, EMEA  /  No Comments

This story has been retracted. South Africa’s cabinet approved a separate bill – the National Climate Change Bill – for publication and public comment. The government said this bill includes new measures to cut the country’s GHGs, including provisions for mitigation and adaptation measures, as well as instruments such as carbon budgets. While the details of the bill are vague as it is not yet available online, it does not specifically address South Africa’s proposed carbon tax, which remains under review.

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