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Virgin Atlantic becomes latest firm to shun credits from controversial Cambodian REDD project

Published 18:59 on January 10, 2018  /  Last updated at 18:59 on January 10, 2018  /  Africa, Asia Pacific, Aviation, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

Airline Virgin Atlantic has become the latest firm to remove a Cambodian REDD+ project from its portfolio of offset sources, according to media reports, amid ongoing claims that large areas covered by the initiative were subject to rampant deforestation.

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NZ Market: NZUs spiral to near all-time highs as demand returns

Published 09:47 on January 9, 2018  /  Last updated at 00:33 on January 10, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon permits rose 1.9% on Tuesday to hit their highest levels since Dec. 2010 as buyers returned from their holidays and compliance requirements were increased.

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Abbott-led faction attacks Australia plan to buy international carbon credits

Published 09:55 on January 3, 2018  /  Last updated at 18:29 on January 3, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s entrance into the international carbon market could be blocked over opposition from a powerful right-wing faction within the ruling Coalition government.

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South Korea launches consultation on ETS, 2030 pathway

Published 09:57 on January 2, 2018  /  Last updated at 23:03 on January 2, 2018  /  Asia Pacific, South Korea  /  No Comments

South Korea’s environment ministry on Tuesday launched a broad consultation process that will consider key issues for its emissions trading scheme, as well as the nation’s pathway to meeting its Paris obligations.

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Kazakhstan’s ‘Caspy’ exchange wins contract to host national carbon trade

Published 14:26 on December 22, 2017  /  Last updated at 14:26 on December 22, 2017  /  Asia Pacific, Other APAC  /  No Comments

The Kazakhstan Commodity Exchange, also known as Caspy, has been appointed to host trading in the country’s emissions trading scheme, which will restart on Jan. 1 after nearly two years of suspension.

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Pakistan ponders carbon price to curb emissions growth

Published 14:20 on December 22, 2017  /  Last updated at 14:20 on December 22, 2017  /  Asia Pacific, Other APAC  /  No Comments

Pakistan is considering putting a price on carbon emissions to stimulate investment in green energy and stifle its rapid growth of greenhouse gas output, its climate change minister said.

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Kazakhstan approves allocation plan for 2018 ETS revamp

Published 17:03 on December 21, 2017  /  Last updated at 09:25 on December 22, 2017  /  Asia Pacific, Other APAC  /  No Comments

Kazakhstan’s cabinet this week approved an allocation plan for the 2018-20 phase of its emissions trading scheme, which after having been suspended last year is ready to relaunch on Jan. 1 with 65 additional installations covered.

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Australia open to buying foreign credits, snubs calls for new climate policies

Published 08:39 on December 19, 2017  /  Last updated at 20:52 on December 19, 2017  /  Asia Pacific, Australia  /  No Comments

Australia on Tuesday said it “in principle” supports buying international carbon credits but its long-awaited climate policy review dismissed the need for new climate policies, despite the country being on track to miss its Paris Agreement target by some 900 million tonnes of CO2e.

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South Korea hands out 538.5m carbon allowances for 2018

Published 08:29 on December 19, 2017  /  Last updated at 15:01 on December 19, 2017  /  Asia Pacific, South Korea  /  No Comments

The South Korean government on Tuesday handed out 538.5 million CO2 permits to participants in its emissions trading scheme for 2018, nearly 15% below their 2014-16 emission levels.

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New Zealand unlikely to make decision on agriculture and ETS until 2019

Published 09:00 on December 18, 2017  /  Last updated at 23:07 on December 18, 2017  /  Asia Pacific, New Zealand  /  No Comments

A decision on whether to bring agriculture into the New Zealand emissions trading scheme, one of the major decisions facing the market, won’t be made until well into 2019.

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