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UPDATE – US concerns flag major risks for UN’s CORSIA aviation scheme as sign-up deadline nears

Published 16:59 on November 4, 2019  /  Last updated at 23:15 on November 5, 2019  /  Aviation, China, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

The US has major concerns about the EU’s and China’s approaches to CORSIA, making the success of the UN’s aviation offset scheme anything but certain just months ahead of a crunch deadline.

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Spain approved as new host of COP25 climate talks, with dates unchanged

Published 14:14 on November 1, 2019  /  Last updated at 10:06 on November 5, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Spain’s offer to host this year’s UN climate talks has been approved, the international organisation said Friday, with Madrid set to be the venue after Chile pulled out due to ongoing protests in the country.

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Bank fund repays $1.2 million to Norway after misspending REDD funds

Published 11:17 on November 1, 2019  /  Last updated at 17:05 on November 1, 2019  /  Africa, EMEA, International, REDD  /  No Comments

The African Development Bank (AfDB) has over the past few months paid back NOK 11 million ($1.2 mln) to Norway after one of the funds it manages was found to have misspent funds meant to pay for forest protection, Norwegian development agency Norad said this week.

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Japan, Laos bring REDD into Joint Crediting Mechanism

Published 09:04 on November 1, 2019  /  Last updated at 17:07 on November 1, 2019  /  Asia Pacific, International, Japan, New Market Mechanisms, Other APAC, REDD  /  No Comments

Japan and Laos have agreed to include projects that reduce deforestation levels into their Joint Crediting Mechanism (JCM) partnership, as Tokyo searches for ways to ramp up offset generation under the scheme.

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UPDATE – Spain steps in with offer to host COP25 climate talks after Chile withdrawal

Published 16:02 on October 31, 2019  /  Last updated at 13:10 on November 1, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, China, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Spain has offered to host this year’s UN climate talks in Madrid, Chilean President Sebastian Pinera said Thursday, after Chile pulled out due to ongoing protests in the country.

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Chile pulls out of hosting COP25 climate talks amid protests

Published 14:47 on October 30, 2019  /  Last updated at 00:22 on November 1, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Chile has pulled out of hosting this year’s COP25 UN climate talks, as well as next month’s APEC Summit, President Sebastian Pinera announced on Wednesday, as a wave of violent riots continues to grip the country.

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Singapore firm launches blockchain-based exchange for CORSIA-eligible carbon credits

Published 10:31 on October 30, 2019  /  Last updated at 18:24 on October 30, 2019  /  Asia Pacific, Aviation, Bavardage, International, Other APAC, Voluntary Market  /  No Comments

Singapore-based venture AirCarbon has launched a blockchain-based exchange for trading of tokens to be backed by carbon credits eligible in the global aviation sector’s CORSIA offset scheme, the company said Wednesday.

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Chinese carbon fraudsters lose appeal against jail time, ring leader still at large

Published 11:53 on October 29, 2019  /  Last updated at 23:49 on October 29, 2019  /  China, China's Offset Market, China's Pilot Markets, International, Voluntary Market  /  No Comments

Four people face prison sentences after losing a court appeal over their involvement in a carbon trading pyramid scheme in China, but the gang leader – who is said to have made $56.6 million from the scam – remains at large, state media reported Tuesday.

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South Korea prepares for use of Paris-era international credits in its ETS

Published 09:27 on October 29, 2019  /  Last updated at 09:28 on October 29, 2019  /  Asia Pacific, International, Kyoto Mechanisms, New Market Mechanisms, South Korea  /  No Comments

South Korea has confirmed it plans to allow limited use of international emissions units issued under Paris Agreement rules as well as CDM offsets in its emissions trading scheme after 2020.

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Ramped-up donations keep UN climate fund going, defying US snub

Published 15:26 on October 25, 2019  /  Last updated at 06:58 on October 26, 2019  /  Climate Talks, International  /  No Comments

The Green Climate Fund (GCF) refilled its coffers on Friday as a group of mostly wealthy nations upped their pledges to keep the UN’s flagship climate finance vehicle afloat, despite the US refusing to pay up.

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