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In first for Japan, utility strikes deal with Shell to buy “carbon neutral” LNG

Published 12:26 on June 18, 2019  /  Last updated at 12:27 on June 18, 2019  /  Asia Pacific, International, Japan, Voluntary Market  /  No Comments

Japanese utility Tokyo Gas has bought a batch of carbon credits alongside an LNG shipment from a unit of energy major Shell to offset the greenhouse gas emissions from the LNG’s full lifecycle.

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China lays foundation for voluntary carbon market

Published 11:57 on June 17, 2019  /  Last updated at 13:55 on June 17, 2019  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China has for the first time laid out rules for carbon neutralising major events and activities, including defining which types of carbon credits would be eligible, a first step towards creating a voluntary GHG market in the world’s biggest-emitting nation.

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Voluntary carbon market stakes claim to thrive in Paris era

Published 21:32 on June 14, 2019  /  Last updated at 22:05 on June 14, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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Ecosystem Marketplace loses long-time program manager to The Nature Conservancy

Published 22:40 on June 13, 2019  /  Last updated at 17:42 on June 14, 2019  /  Americas, Bavardage, International, REDD, US, Voluntary Market  /  No Comments

US-based environmental non-profit organisation Ecosystem Marketplace has lost its program manager to embattled green group The Nature Conservancy (TNC), Carbon Pulse has learned.

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Canadian carbon tax of C$102/tonne by 2030 would help hit Paris target -report

Published 22:33 on June 13, 2019  /  Last updated at 23:13 on June 13, 2019  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canada can meet its Paris Agreement goal by roughly doubling the price of its rising ‘backstop’ carbon tax to C$102 ($77) and expanding the policy’s geographical and sectoral coverage, all at a relatively small economic cost, according to a government report released Thursday.

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EU airlines face CORSIA uncertainty as states order MRV rule re-write

Published 21:18 on June 13, 2019  /  Last updated at 21:18 on June 13, 2019  /  Aviation, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.

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Global energy emissions up 2% in 2018 in “vicious cycle” of erratic weather patterns -report

Published 19:56 on June 12, 2019  /  Last updated at 23:30 on June 12, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Energy-related CO2 output rose 2% worldwide last year, the fastest rate since 2011, as extreme weather stoked demand for heating and cooling, according to a report published Wednesday.

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UK to set legal course for net zero 2050 emissions

Published 23:59 on June 11, 2019  /  Last updated at 23:21 on June 12, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

The UK will on Wednesday propose to enshrine in law a 2050 net zero greenhouse gas emissions target, Prime Minister Theresa May said in a statement late Tuesday in a bill set to go against the government’s in-house experts by leaving open the door to using international credits.

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UPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach

Published 21:51 on June 10, 2019  /  Last updated at 13:44 on June 12, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.

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