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SK Market: Korean auction sells out, clears 4.3% below market

Published 10:02 on April 10, 2019  /  Last updated at 10:03 on April 10, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold all 1.59 million KAUs on offer at Wednesday’s auction, with the sale clearing 4.3% below the day’s closing price in the secondary market.

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Shell to invest $300 mln in land projects to help meet its own GHG goal

Published 19:45 on April 8, 2019  /  Last updated at 22:52 on April 8, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.

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GCF begins quest to replenish funds

Published 12:51 on April 8, 2019  /  Last updated at 17:24 on April 8, 2019  /  Africa, Americas, Asia Pacific, EMEA, International  /  No Comments

The Green Climate Fund has held its first meeting in a process the UN-led entity hopes will lead to an October session where rich countries will refill its coffers.

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Queensland government funds projects to boost state offset market

Published 10:10 on April 5, 2019  /  Last updated at 10:10 on April 5, 2019  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

The Queensland government has allocated A$1 million ($710,000) under its Land Restoration Fund to six pilot projects designed to help develop the Australian state’s carbon offset market.

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Australia could face pressure to cancel ERF contracts, expert warns

Published 09:51 on April 5, 2019  /  Last updated at 09:51 on April 5, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator would likely come under pressure to cancel Emission Reductions Fund contracts under a new government, as Labor’s climate policy would push up secondary market ACCU prices, a legal expert has warned.

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Switzerland invites ITMO emission activity proposals, bars land-use

Published 14:43 on April 4, 2019  /  Last updated at 15:09 on April 4, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency has opened its first call for proposals for GHG-cutting activities, with the aim of tying up its first emission trade agreements under the Paris Agreement.

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Campaigners urge governments boost funding to ‘overlooked’ landscape restoration

Published 18:45 on April 3, 2019  /  Last updated at 18:45 on April 3, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are chronically underfunding the restoration of natural landscapes that can simultaneously tackle climate change and biodiversity loss, an international group of campaigners said Wednesday.

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South Korea triples volume available in April CO2 auction

Published 09:26 on April 3, 2019  /  Last updated at 09:26 on April 3, 2019  /  Asia Pacific, South Korea  /  No Comments

Around three times as many carbon allowances will be available in next week’s South Korean auction as in the previous sales, after the government announced Tuesday it has borrowed nearly half a million KAUs from the June volume to boost market supply.

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CDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors

Published 02:30 on April 3, 2019  /  Last updated at 09:59 on April 3, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.

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Australia backloads new ERF cash, stretches funding period

Published 12:18 on April 2, 2019  /  Last updated at 23:57 on April 2, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s A$2 billion ($1.42 bln) top-up of the Emissions Reduction Fund will be allocated over 15 years instead of 10 as previously announced, with less than 10% of that due over the next four years, government budget papers showed Tuesday.

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