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Low-cost EU airlines see flight emissions take off in July

Published 23:14 on August 8, 2019  /  Last updated at 23:14 on August 8, 2019  /  Aviation, EMEA, EU ETS, International  /  No Comments

Carbon emissions from two of Europe’s biggest low-cost airlines rose considerably in July, putting both on track to record higher CO2 output and face costlier EU ETS bills this year.

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World Bank extends carbon credit eligibility ahead of N2O auction

Published 22:41 on August 8, 2019  /  Last updated at 23:43 on August 8, 2019  /  EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

The World Bank’s Nitric Acid Climate Auction Program (NACAP) has extended the emission reduction generation period that eligible CER and VER carbon credits can be delivered into the programme.

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UN panel flags potential role for land-use carbon incentives, warns on BECCS

Published 20:09 on August 8, 2019  /  Last updated at 00:44 on August 9, 2019  /  Climate Talks, International, New Market Mechanisms, REDD, RINs & LCFS, Voluntary Market  /  No Comments

Paying landowners to protect their land could play a vital role in tackling climate change, though large-scale bioenergy use and storage could worsen the effects without careful management, according to UN-backed scientific panel IPCC in a landmark report.

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Fourteen offset programmes apply for ICAO’s CORSIA aviation mechanism

Published 23:52 on August 6, 2019  /  Last updated at 01:02 on August 7, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

UN aviation body ICAO’s expert panel will consider 14 emissions unit programme applications for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto era offset programmes and REDD initiatives to jurisdictional schemes in China, the Middle East, and Poland.

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Washington state CO2 taxes could have disrupted stock prices without other safeguards -study

Published 22:12 on August 6, 2019  /  Last updated at 22:12 on August 6, 2019  /  Americas, Carbon Taxes, International, US  /  No Comments

Failed efforts to impose a carbon tax in Washington state would have likely exerted significant financial pressure on downstream firms in the Pacific Northwest state by creating a stranded asset risk, according to new research.

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BRIEFING: World Bank REDD Deals

Published 22:59 on August 2, 2019  /  Last updated at 23:07 on August 2, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Three African nations have now signed deforestation reduction agreements under the World Bank’s Forest Carbon Partnership Facility (FCPF) that could form the base of possible international emissions trade, with more deals expected to come later this year.

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New Zealand to cancel over 16 mln privately held Kyoto units next year

Published 10:52 on August 1, 2019  /  Last updated at 04:37 on August 2, 2019  /  Asia Pacific, International, Kyoto Mechanisms, New Zealand  /  No Comments

New Zealand’s announcement this week that it will cancel all privately held Kyoto units in its registry will invalidate more than 16 million credits, according to a Cabinet paper.

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California’s ARB to consider updated Tropical Forest Standard at September meeting

Published 22:51 on July 30, 2019  /  Last updated at 23:02 on July 30, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Mexico, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB will consider endorsing an updated version of its Tropical Forest Standard (TFS) at the board’s Sep. 19 meeting, nearly a year after the agency delayed its original approval of the possible precursor to jurisdictional REDD offsetting following a flurry of backlash.

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New REDD standard targets heavily forested countries for national-scale GHG reductions

Published 22:37 on July 29, 2019  /  Last updated at 00:14 on July 30, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

A new REDD standard will look to incentivise national-scale emission reductions in high forest cover, low deforestation (HFLD) countries, and the resulting carbon credits will be designed for use in a variety of compliance and voluntary markets.

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Carbon tax of $200/t would only marginally cut global oil emissions -study

Published 17:44 on July 26, 2019  /  Last updated at 17:44 on July 26, 2019  /  Africa, Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, South & Central  /  No Comments

A global CO2 tax of $200 per tonne would only reduce GHGs from oil production by 4% over the next century, as the price would not be high enough to make a large dent in existing and undiscovered reserves, according to new research.

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