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Philippines ditches carbon tax plans

Published 12:57 on November 12, 2018  /  Last updated at 22:00 on November 12, 2018  /  Asia Pacific, Other APAC  /  No Comments

The Philippines is abandoning plans to introduce a carbon tax, a senior government official told a conference, saying it would impose unpopular costs on consumers while doing little to reduce emissions.

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NZ Market: NZUs stay firm as emitters ponder compliance strategy

Published 09:39 on November 12, 2018  /  Last updated at 21:53 on November 12, 2018  /  Asia Pacific, New Zealand  /  No Comments

NZUs remained unchanged just above the NZ$25 fixed price option (FPO) level for the third consecutive day on Monday, as emitters weigh compliance strategies amid ongoing uncertainty over the FPO’s fate.

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Green group urges Japan coal phase-out by 2030, launch ETS next year

Published 11:44 on November 9, 2018  /  Last updated at 21:26 on November 9, 2018  /  Asia Pacific, Japan  /  No Comments

Japan should phase out all its coal-fired power plants by 2030, increase its ambition under the Paris Agreement, and introduce a price on carbon as soon as next year in order to do its share to limit global warming, green group Kiko Network said in a report Friday.

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Australian offset issuance balloons to 458k as major ERF contractors earn credits

Published 09:44 on November 9, 2018  /  Last updated at 09:44 on November 9, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator this week issued 458,135 carbon credits, with the majority awarded to major sellers to the government’s Emissions Reduction Fund (ERF).

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Study to outline massive potential CO2 mitigation cost savings if countries cooperate

Published 14:34 on November 8, 2018  /  Last updated at 01:19 on November 9, 2018  /  Americas, Asia Pacific, Carbon Taxes, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Governments could save almost $300 billion a year on emission reductions by 2030 if they cooperate rather than work alone, a conference heard this week.

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New Zealand carbon fund raises over NZ$1m ahead of listing

Published 09:51 on November 8, 2018  /  Last updated at 21:40 on November 8, 2018  /  Asia Pacific, New Zealand  /  No Comments

The Carbon Fund successfully listed on the New Zealand Stock Exchange (NZX) on Thursday, having raised over NZ$1 million ($680,000) from investors by offering exposure to carbon allowances and credits.

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India pegs Mar. 2019 as potential start date for pilot carbon market mechanism

Published 13:43 on November 7, 2018  /  Last updated at 22:21 on November 7, 2018  /  Asia Pacific, Other APAC  /  No Comments

India is aiming to launch a pilot carbon market mechanism for micro, small, and medium enterprises (MSMEs) and the waste sector by March of next year, according to official documents.

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South Korea curbs fossil fuel output to battle pollution

Published 12:12 on November 7, 2018  /  Last updated at 23:18 on November 7, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea on Wednesday for the first time ordered selected coal- and oil-fired plants to briefly cut output in a bid to reduce air pollution – a move set to become a more regular occurrence impacting CO2 levels next year when the government imposes mandatory rules.

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INTERVIEW: NZ minister wants focus on domestic emission cuts, not international credits

Published 11:40 on November 7, 2018  /  Last updated at 22:31 on November 7, 2018  /  Asia Pacific, New Zealand  /  No Comments

Countries should prioritise domestic emissions reductions over international credits, according to New Zealand’s Climate Change Minister James Shaw.

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COMMENT: Paris goals can only be achieved in time with robust bottom-up action

Published 23:09 on November 6, 2018  /  Last updated at 23:09 on November 6, 2018  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.

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