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UPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA

Published 19:50 on December 7, 2018  /  Last updated at 13:29 on December 9, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central, Voluntary Market  /  No Comments

Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.

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COP24: Asian Development Bank launches ITMO pilot support for SE Asia

Published 19:35 on December 7, 2018  /  Last updated at 00:27 on December 8, 2018  /  Asia Pacific, Climate Talks, International, New Market Mechanisms  /  No Comments

The Asian Development Bank (ADB) has teamed up with Germany and Sweden to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.

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ECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+

Published 18:22 on December 6, 2018  /  Last updated at 18:22 on December 6, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).

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COP24: Article 6 text slashed in half as UN talks begin in earnest

Published 19:07 on December 5, 2018  /  Last updated at 21:53 on December 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central  /  No Comments

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.

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COP24: Companies, business groups band together to avoid double counting in carbon markets

Published 12:30 on December 5, 2018  /  Last updated at 07:21 on December 6, 2018  /  Aviation, Climate Talks, International, New Market Mechanisms, REDD  /  No Comments

Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.

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COP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open

Published 21:38 on December 4, 2018  /  Last updated at 02:07 on December 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US  /  No Comments

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

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COP24: Developers, NGOs spar over future role of CDM

Published 18:15 on December 4, 2018  /  Last updated at 20:33 on December 4, 2018  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Kyoto Mechanisms, New Zealand, South & Central, Switzerland, US  /  No Comments

The continuation of the CDM and its CER credits when the Paris Agreement takes effect in 2021 has emerged as a major point of contention in the early days of the UN climate summit in Poland, as developers and NGOs remain widely split on the issue.

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COP24: UN secretary-general details 2019 summit to raise climate ambition

Published 10:55 on December 4, 2018  /  Last updated at 10:55 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, REDD, South & Central  /  No Comments

The UN has identified six action areas with a high potential to drive GHG reductions and resilience as it encourages countries to bump up their Paris Agreement targets at a New York conference next September, Secretary-General Antonio Guterres announced on Tuesday.

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COP24: More than 70 entities join German initiative to offset emissions

Published 19:04 on December 3, 2018  /  Last updated at 01:16 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

More than 70 German companies, governments, and NGOs have joined a voluntary initiative launched by the German government to buy carbon credits on their way to carbon neutrality.

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COP24: Caving to investor pressure, Shell to set out interim climate targets

Published 17:31 on December 3, 2018  /  Last updated at 22:12 on December 3, 2018  /  Americas, Climate Talks, EMEA, International, US  /  No Comments

Royal Dutch Shell will implement short-term emission reduction goals amid increasing investor pressure, it announced Monday, supplementing its longer-term targets as the oil major factors takes into account global climate progress and other internal activities.

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