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Trump says US cash commitments in Paris Agreement are unfair

Published 10:42 on April 28, 2017  /  Last updated at 10:52 on April 28, 2017  /  Americas, Climate Talks, International, US  /  No Comments

US President Donald Trump has indicated that his main issue with the Paris Agreement is climate finance rather than emission reductions and said he would announce whether the US would remain in the pact by mid-May.

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China suggests US could buy offsets to meet emission goals as Paris concerns grow

Published 17:22 on April 26, 2017  /  Last updated at 22:45 on April 27, 2017  /  Americas, Asia Pacific, Canada, China, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, US  /  No Comments

China has suggested the US could buy foreign carbon credits to help meet a shortfall in the country’s international emission goals, one of the clearest signs yet that patience is wearing thin among the global community about the Trump administration’s lack of commitment to climate action.

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Carbon pricing of $50/t needed next decade, says report backed by big emitters

Published 15:05 on April 25, 2017  /  Last updated at 06:40 on April 26, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Explicit carbon pricing rising to around $50/tonne next decade and $100 in the 2030s is needed among other policies to ensure global emissions are cut in line with Paris Agreement goals, according to a report backed by several energy companies, investors and non-profit organisations.

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Economists Stiglitz, Stern to stress importance of credibility in carbon pricing

Published 02:14 on April 24, 2017  /  Last updated at 04:49 on April 24, 2017  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Voluntary Market  /  No Comments

Renowned economists Joseph Stiglitz and Nicholas Stern are to stress in a key document next month the importance of governments worldwide achieving credibility in setting the higher carbon prices needed to meet the Paris Agreement.

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Delta Air Lines prepares for CORSIA compliance as worries emerge over scheme

Published 05:09 on April 21, 2017  /  Last updated at 05:09 on April 21, 2017  /  Americas, Aviation, Climate Talks, International, Kyoto Mechanisms, US, Voluntary Market  /  No Comments

With the rules dictating what types of offsets can be used under the UN’s aviation carbon market still unclear, Delta Air Lines – one of the world’s top three carriers – is hoping that credits it bought to offset growth after 2012 can be used to inform the company’s new compliance obligations from 2021.

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EU-funded study casts doubt on integrity of UN’s flagship offset programme

Published 19:05 on April 19, 2017  /  Last updated at 09:59 on April 27, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Almost three-quarters of the supply of EU ETS-eligible CDM carbon credits to 2020 are unlikely to deliver genuine emission reductions, according to an EU-funded study that green groups say should serve as a clear warning against the future use of offsets as a climate policy tool.

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ALLCOT’s voluntary market report – April 2017

Published 15:02 on April 18, 2017  /  Last updated at 15:02 on April 18, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Views, Voluntary Market  /  No Comments

The voluntary market is facing up to a challenging period as a new global mechanism is developed by the United Nations and while companies pursue fast-growing markets in low-carbon energy.

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UN mulls CDM-like mechanism for climate adaptation

Published 06:16 on April 13, 2017  /  Last updated at 09:50 on April 13, 2017  /  Africa, Climate Talks, EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

Countries are to hold talks on whether to create a new mechanism similar to the CDM in an effort to attract hundreds of millions of dollars in private sector investment for climate adaptation.

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Ex-UN climate chief Figueres eyes more climate ambition pre-2020 in new venture

Published 01:35 on April 10, 2017  /  Last updated at 19:10 on April 10, 2017  /  Climate Talks, International  /  No Comments

Former UN climate chief Christiana Figueres is launching a new global initiative to drive businesses, financiers, and governments to ramp up climate action by 2020 to prevent dangerous climate change.

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GCF board approves $750 mln but turns away drought prevention project for parched Ethiopia

Published 11:30 on April 6, 2017  /  Last updated at 16:28 on April 6, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, US  /  No Comments

The Green Climate Fund board on Thursday approved over $750 million in funding for eight new projects but did not back an adaptation project in Ethiopia, much to the ire of developing-country board members and green groups.

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