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Ontario, Quebec strike carbon trading deal with Mexico

Published 01:56 on September 1, 2016  /  Last updated at 03:13 on September 1, 2016  /  Americas, Canada, Mexico, US  /  No Comments

Canadian provinces Ontario and Quebec on Wednesday struck a deal with Mexico to cooperate on carbon trading, bringing North America a small step closer to a common emissions market.

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Real emissions, fake money: Mexico takes baby steps towards carbon trade

Published 01:11 on August 19, 2016  /  Last updated at 18:57 on February 6, 2017  /  Americas, Mexico  /  No Comments

Mexico’s launch of a pilot emissions trading initiative will simulate a cap-and-trade system but feature no real transactions in an effort to prepare companies for the real thing.

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Mexico to roll out pilot carbon trading market in 2017

Published 01:58 on August 16, 2016  /  Last updated at 23:20 on August 16, 2016  /  Americas, Mexico  /  No Comments

Mexico will launch a pilot emissions trading scheme next year covering 60 major power generators, manufacturers, and transport firms, the government announced, as it gears up efforts to use market-based mechanism to cut carbon.

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WITHDRAWN-Colombian firm seeks Mexican CERs, says willing to pay premium

Published 15:30 on June 8, 2016  /  Last updated at 22:44 on June 12, 2016  /  Americas, Asia Pacific, Bavardage, International, Kyoto Mechanisms, Mexico, South & Central, South Korea, US  /  No Comments

**We have withdrawn the story below at the request of MGM Innova, which claims that the UNFCCC made a series of mistakes in handling the firm’s expression of interest, including publishing an incorrect reference price on its website. The company also said it had already purchased the CERs by the time the UNFCCC posted this notice.**

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International emission trade talks begin slowly as NZ, Japan set pace

Published 00:49 on May 28, 2016  /  Last updated at 10:41 on May 30, 2016  /  Africa, Americas, Asia Pacific, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

UN climate negotiations meeting in Bonn over the past fortnight began a long-haul process to refine rules for international emissions trade, with Japan and New Zealand vowing to advance their own plans regardless.

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Value of global CO2 pricing schemes steady at $50B in 2015, but govt revenues up 60% -World Bank

Published 09:00 on May 25, 2016  /  Last updated at 09:00 on May 25, 2016  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, South & Central, South Korea, Switzerland, US  /  No Comments

The world’s carbon markets and tax regimes were collectively worth just under $50 billion last year, little changed from 2014’s levels, though governments were able to raise 60% more through the schemes, according to a joint report by the World Bank and consultancy Ecofys.

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Price-driven GHG cuts get more elusive as expectations diverge -survey

Published 08:20 on May 25, 2016  /  Last updated at 08:40 on May 25, 2016  /  Africa, Americas, Asia Pacific, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, US  /  No Comments

A yawning gap has emerged between the carbon prices that IETA members expect and those they think are needed to meet the objectives of the Paris Agreement, a survey showed.

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High-level coalition challenges world to double carbon pricing coverage by 2020

Published 13:00 on April 21, 2016  /  Last updated at 22:15 on April 21, 2016  /  Africa, Americas, Canada, Carbon Taxes, Climate Talks, EMEA, International, Mexico, New Market Mechanisms, South & Central, US  /  No Comments

A coalition of national, state, and city leaders, along with the heads of the World Bank, IMF, and OECD, on Thursday challenged the world to double its current carbon pricing coverage to 25% of global emissions by 2020.

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Global low-carbon energy investment soars to new record in 2015 -BNEF

Published 12:17 on January 14, 2016  /  Last updated at 12:17 on January 14, 2016  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, Japan, Mexico, Middle East, Other APAC, South & Central, US  /  No Comments

Investment in low-carbon energy sources surged in the US, China, India, Latin America and Africa in 2015, driving the global total to a record $329.3 billion, a 4% rise from 2014’s revised $315.9 billion and topping the previous peak set in 2011 by 3%, Bloomberg New Energy Finance said on Thursday.

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Seventeen nations back New Zealand declaration on carbon markets

Published 19:18 on December 13, 2015  /  Last updated at 19:18 on December 13, 2015  /  Africa, Americas, Asia Pacific, Australia, Canada, Climate Talks, EMEA, International, Mexico, New Zealand, South & Central, South Korea, US  /  No Comments

New Zealand, in the waning minutes of the Paris climate summit, issued a declaration supporting carbon markets, in a move backed by 17 countries and aimed at boosting lawmaker and investor confidence in the future of emissions trading schemes.

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