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ECOSYSTEM MARKETPLACE – Shades of REDD+: Should forest offsets be eligible for CORSIA?

Published 18:20 on December 3, 2019  /  Last updated at 18:20 on December 3, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.

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South Korea dismisses calls to intervene against high carbon prices

Published 08:06 on December 3, 2019  /  Last updated at 23:14 on December 3, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea will not bow to industry pressure by intervening in its domestic carbon market to lower CO2 prices, but instead will help companies reduce emissions, the environment ministry said.

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PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

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Japan nears halfway mark to meeting Paris target

Published 05:53 on November 29, 2019  /  Last updated at 09:49 on November 29, 2019  /  Asia Pacific, Japan  /  No Comments

Japan’s greenhouse gas emissions fell 3.6% last year, preliminary environment ministry data showed Friday, meaning the country is almost halfway to meeting its 2030 obligations under the Paris Agreement.

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Australia sees marginal drop in carbon emissions as drought hits agriculture output

Published 02:24 on November 29, 2019  /  Last updated at 09:14 on November 29, 2019  /  Asia Pacific, Australia  /  No Comments

Australia’s greenhouse gas emissions fell 0.1% in FY2018-19, government data showed Friday, primarily due to a drop in agricultural output amid the ongoing drought.

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NZ Market: NZUs slide to 3-mth low amid lukewarm demand

Published 09:34 on November 28, 2019  /  Last updated at 23:30 on November 28, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances on Thursday fell to their lowest levels since late August as many buyers scale down activity due to the NZ$25 fixed price option remaining in place for 2019 compliance.

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Australian offset issuance remains below average levels

Published 09:29 on November 28, 2019  /  Last updated at 00:27 on November 29, 2019  /  Asia Pacific, Australia  /  No Comments

Offset issuances in Australia remained below average levels this week, the sixth out of the last seven to award lower numbers of the units, with just under 160,000 credits distributed.

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South Korea to mothball 15 coal-fired power plants over Dec-Feb

Published 02:42 on November 28, 2019  /  Last updated at 09:37 on November 28, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea will shut down 15 of its coal-fired power plants over the next three months in a bid to help prevent winter spikes in air pollution, the energy ministry said Thursday, a move that will likely also reduce CO2 emissions.

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None of 14 offset standard contenders meet CORSIA aviation scheme criteria -report

Published 15:09 on November 27, 2019  /  Last updated at 23:27 on November 27, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.

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Nearly 8% annual GHG cuts required to hit Paris’ 1.5C goal -UN Report

Published 08:00 on November 26, 2019  /  Last updated at 13:05 on November 26, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, South & Central  /  No Comments

Countries must immediately peak their emissions and ratchet up GHG abatement to an 8% yearly clip over the next decade to keep the average global temperature rise within the more ambitious Paris Agreement limit, a UN report said Tuesday.

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