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Richer nations’ resolve wanes on cutting fossil fuel subsidies -OECD

Published 18:07 on February 22, 2018  /  Last updated at 18:07 on February 22, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Efforts by industrialised nations to reduce fossil fuel subsidies have slowed since the signing of the 2015 Paris Agreement while emerging economies have maintained pace in eliminating them, according to an OECD published Thursday.

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Tokyo ETS emissions marginally down in FY2016

Published 09:31 on February 21, 2018  /  Last updated at 09:31 on February 21, 2018  /  Asia Pacific, Japan  /  No Comments

CO2 emissions from the roughly 1,300 participants in the Tokyo emissions trading scheme fell 0.1% last compliance year, with the vast majority of companies already having exceeded their 2019 goals.

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Australian government proposes to further dilute CO2 regulations for major emitters

Published 09:28 on February 21, 2018  /  Last updated at 09:32 on February 21, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Department of Environment and Energy has released a proposal to reform its Safeguard Mechanism, a move that would make it easier for companies to increase their CO2 caps and exempt them from auditing their carbon output.

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NZ Market: NZUs slide to 4-wk low as aggressive buyers cool down

Published 09:26 on February 20, 2018  /  Last updated at 09:26 on February 20, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances fell 1% on Tuesday to reach a 4-week low as buyers pulled their most aggressive bids. 

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‘Choose your own cap’ under Australia’s Safeguard Mechanism -report

Published 09:58 on February 19, 2018  /  Last updated at 12:19 on February 19, 2018  /  Asia Pacific, Australia  /  No Comments

CO2 emissions from facilities covered by Australia’s Safeguard Mechanism will increase by at least 22 million tonnes per year as companies are largely free to set their own caps, a study found.

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Singapore slashes starting level of carbon tax to S$5/t

Published 09:43 on February 19, 2018  /  Last updated at 10:13 on February 20, 2018  /  Asia Pacific, Carbon Taxes, International, Other APAC  /  No Comments

Singapore will tax CO2 its big emitters S$5/tonne ($3.81/t) from 2019, Finance Minister Heng Swee Keat said Monday, a rate that is significantly lower than previously planned.

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Climate finance vehicle picks 9 new initiatives to support in emerging nations

Published 12:26 on February 16, 2018  /  Last updated at 12:26 on February 16, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

Public-private climate investment vehicle The Lab has selected nine initiatives from over 100 applications to support for this year, with funding expanding into land-use sectors.

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Avoided deforestation projects provide boost for Australian offset issuance

Published 09:32 on February 16, 2018  /  Last updated at 09:32 on February 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator doubled its offset issuance to nearly 400,000 this week, driven by a batch of NSW-based avoided deforestation projects from which the government has contracted to buy almost 3.7 million carbon credits.

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VCS becomes Verra: Voluntary market certifier changes name in rebranding

Published 23:30 on February 15, 2018  /  Last updated at 23:30 on February 15, 2018  /  Africa, Americas, Asia Pacific, Bavardage, Conversations, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Voluntary carbon market certifier Verified Carbon Standard (VCS) has changed its name to Verra in a rebranding that it says reflects its broadening portfolio of sustainable development and environmental standards.

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Australia releases ETS-like draft design for National Energy Guarantee

Published 11:04 on February 15, 2018  /  Last updated at 11:04 on February 15, 2018  /  Asia Pacific, Australia, International, New Market Mechanisms  /  No Comments

Australia’s Energy Security Board (ESB) on Thursday released a draft design proposal for the National Energy Guarantee that included many of the same elements found in intensity-based emissions trading schemes.

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