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CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?

Published 18:46 on September 18, 2018  /  Last updated at 22:33 on September 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

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Four British carbon investment fraudsters sentenced to 32 years in prison

Published 07:07 on September 17, 2018  /  Last updated at 07:08 on September 17, 2018  /  Bavardage, EMEA, Kyoto Mechanisms, Voluntary Market  /  No Comments

Four British men have been jailed for a combined 32.5 years after being found to have operated a £2.4 million fraud that involved mis-selling carbon credits to 130 victims.

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South Korea orders Samsung to pull failed CDM project

Published 09:03 on September 11, 2018  /  Last updated at 09:03 on September 11, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.

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FOREST TRENDS: Illegal mining forces suspension of ground-breaking voluntary forest carbon project in Brazil

Published 04:46 on September 11, 2018  /  Last updated at 07:50 on September 11, 2018  /  Americas, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

As the first indigenous-led conservation effort to be financed through the sale of carbon offsets, the Suruí Forest Carbon Project (PCFS in Portuguese) dramatically slowed deforestation and incubated sustainable livelihood programs in Brazil’s Sete de Setembro Indigenous Territory (TISS), but a dramatic surge in illegal mining activities throughout the region in which TISS is located has forced the Paiter-Suruí indigenous people and their partners to suspend the program indefinitely.

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Nations seek stripped-down Paris rulebook as work piles up

Published 14:01 on September 9, 2018  /  Last updated at 04:52 on September 11, 2018  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.

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CDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit

Published 19:51 on September 5, 2018  /  Last updated at 19:51 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.

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EU carbon price hike boosts hope for Paris rulebook deal, though markets may be sacrificed

Published 18:12 on September 4, 2018  /  Last updated at 18:12 on September 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

A rapidly-rising EU carbon price is helping to boost confidence that the Paris Agreement rulebook will be finalised this year, though this could mean leaving out guidance on how carbon markets will operate under the UN pact.

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Negotiators, observers upbeat on Article 6 talks ahead of Bangkok

Published 09:14 on August 30, 2018  /  Last updated at 19:05 on August 30, 2018  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Negotiations on the future carbon market mechanisms under Article 6 of the Paris Agreement are making good progress, with expectations that next week’s climate conference in Bangkok will see final text start to take shape, according to stakeholders.

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COMMENT – Wanted: Team coach for the Green Climate Fund

Published 02:00 on August 30, 2018  /  Last updated at 23:10 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, US, Views  /  No Comments

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.

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UNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes

Published 20:35 on August 29, 2018  /  Last updated at 19:09 on August 30, 2018  /  Africa, Americas, Aviation, Bavardage, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South Korea, Voluntary Market  /  No Comments

The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.

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