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COP24: Draft Article 6 text offers “bedrock” for international GHG trade, but investors uneasy

Published 23:43 on December 13, 2018  /  Last updated at 00:45 on December 14, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.

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COP24: Switzerland, Peru clear way for early Paris-era carbon credit deals

Published 20:23 on December 13, 2018  /  Last updated at 22:09 on December 13, 2018  /  Americas, EMEA, International, New Market Mechanisms, South & Central, Switzerland  /  No Comments

Switzerland and Peru have agreed to formalise a process expected to lead to the European nation buying some of the first carbon credits generated under the Paris Agreement framework.

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COP24: Roundup for Dec. 13, 2018

Published 16:24 on December 13, 2018  /  Last updated at 01:49 on December 14, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

UN negotiations over a Paris Agreement rulebook in Katowice are nearing their critical endgame, with delegates readying themselves for an extended stay as the talks await a decisive breakthrough.

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COP24: UK, Italy announce bids to host 2020 UN climate talks

Published 13:15 on December 13, 2018  /  Last updated at 21:24 on December 13, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The UK and Italy are both vying to host the annual UN climate summit in 2020, their environment ministers announced Thursday.

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ECOSYSTEM MARKETPLACE: Tropical countries far short of meeting deforestation targets

Published 20:04 on December 12, 2018  /  Last updated at 20:04 on December 12, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

If we’re to prevent global temperatures from rising to a level more than 1.5ºC (2.7ºF) above pre-industrial levels, we must dramatically improve the way we manage our forests, farms, and fields.

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COP24: Roundup for Dec. 12, 2018

Published 18:24 on December 12, 2018  /  Last updated at 01:39 on December 13, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central  /  No Comments

With negotiators struggling to break deadlock over an increasingly complex Paris Agreement rulebook text, the Polish presidency on Wednesday announced it was taking more direct control over the COP24 talks in Katowice.

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COP24: Five nations sign up to Germany’s carbon credit buying plan

Published 18:13 on December 12, 2018  /  Last updated at 02:01 on December 13, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Five countries have committed to curb N2O emissions nationwide from 2021 in return for Germany buying and cancelling carbon credits from their emission-cutting projects until that year.

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COP24: Int’l organisations float offset use in vague climate neutrality vow

Published 17:16 on December 12, 2018  /  Last updated at 17:33 on December 12, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central, Voluntary Market  /  No Comments

Fifteen international organisations and development banks pledged Wednesday to make their operations carbon neutral in part through offsets, but they did not specify a target year or detail any of their potential demand for credits.

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COP24: Mexico ETS launch facing further delays after consultation held -sources

Published 15:15 on December 12, 2018  /  Last updated at 15:21 on December 12, 2018  /  Americas, Climate Talks, International, Mexico  /  No Comments

The launch of Mexico’s pilot carbon market will be postponed for at least a few months after a consultation on the programme was withdrawn, a move that could delay the start of the actual market by upwards of a year, sources told Carbon Pulse.

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COP24: Australia faces heat if it deploys AAU plan to plug Paris emission gap

Published 17:47 on December 11, 2018  /  Last updated at 07:54 on December 12, 2018  /  Asia Pacific, Australia, Climate Talks, International, Kyoto Mechanisms  /  No Comments

Australia is likely to face widespread international disapproval if it goes ahead with a plan identified by observers that involves using more than 300 million surplus units from the Kyoto Protocol era to help meet a massive shortfall in its Paris Agreement target.

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