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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights

Published 13:53 on April 19, 2018  /  Last updated at 13:53 on April 19, 2018  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views  /  No Comments

Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.

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Mexican carbon tax to operate alongside market, though stakeholders say offset rules must change

Published 04:47 on April 7, 2018  /  Last updated at 04:59 on April 7, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, Mexico, US, Voluntary Market  /  No Comments

Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.

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ExxonMobil voids another big batch of Colombian CERs against country’s carbon tax, almost doubling total

Published 03:44 on April 6, 2018  /  Last updated at 03:44 on April 6, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, South & Central, Voluntary Market  /  No Comments

US oil major ExxonMobil continued its brisk pace of Colombian CER cancellations this week, annulling another huge batch against the country’s carbon tax.

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Colombian CER cancellations surge after new offset restrictions imposed

Published 00:47 on April 5, 2018  /  Last updated at 01:34 on April 5, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The number of Colombian CERs voluntarily cancelled by emitters against the country’s carbon tax has surged over the past three months, following the introduction of new offset usage restrictions in January.

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Offset restrictions needed to ensure CORSIA integrity, spur new project investment -study

Published 22:28 on March 22, 2018  /  Last updated at 12:34 on March 23, 2018  /  Americas, Asia Pacific, Aviation, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

In the absence of any eligibility restrictions, ICAO’s CORSIA offset scheme may not be able to deliver sufficient emissions reductions in aviation by using CERs, according to a study released Thursday.

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UN floats draft rulebook for international emissions trade, keeps CERs on the table

Published 17:03 on March 16, 2018  /  Last updated at 17:03 on March 16, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN officials on Friday released a draft paper to help guide governments working on a year-end deadline to finalise rules on international emissions trade under the Article 6 of the Paris Agreement.

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US voices support for UN’s CORSIA aviation scheme, quelling some worries

Published 15:37 on March 12, 2018  /  Last updated at 21:44 on March 13, 2018  /  Americas, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

The US has voiced its support for the UN’s international aviation offset scheme and its draft rules, diminishing fears that the Trump administration would try to water down or decline to initially partake in the mechanism to tackle the sector’s growing impact on climate change.

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Norway seeks later CORSIA offset cut-off, vows non-cooperation if deal weakened

Published 18:44 on March 8, 2018  /  Last updated at 09:10 on March 9, 2018  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Norway is seeking an even later CORSIA offset vintage limit than that of the EU and has suggested it won’t participate in the remaining work to design the international aviation carbon market if the proposed rules are watered down any further.

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EU presses for CORSIA offset cut-off date if rulebook gets reopened

Published 16:32 on March 7, 2018  /  Last updated at 01:10 on March 9, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

The EU has kept its pledge to accept the draft CORSIA rulebook without changes but has tabled a slew of demands, including an offset vintage limit, should UN body ICAO reopen the package.

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South Korea issues draft rules for allowing foreign offsets into ETS, auctions

Published 10:17 on March 7, 2018  /  Last updated at 21:59 on March 7, 2018  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

The South Korean government on Wednesday released long-awaited draft regulations for the eligibility of UN-issued carbon offsets in its national emissions trading system, as well as for CO2 permit auctions that will begin next year.

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