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China suggests US could buy offsets to meet emission goals as Paris concerns grow

Published 17:22 on April 26, 2017  /  Last updated at 22:45 on April 27, 2017  /  Americas, Asia Pacific, Canada, China, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, US  /  No Comments

China has suggested the US could buy foreign carbon credits to help meet a shortfall in the country’s international emission goals, one of the clearest signs yet that patience is wearing thin among the global community about the Trump administration’s lack of commitment to climate action.

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EU-funded study casts doubt on integrity of UN’s flagship offset programme

Published 19:05 on April 19, 2017  /  Last updated at 09:59 on April 27, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Almost three-quarters of the supply of EU ETS-eligible CDM carbon credits to 2020 are unlikely to deliver genuine emission reductions, according to an EU-funded study that green groups say should serve as a clear warning against the future use of offsets as a climate policy tool.

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ALLCOT’s voluntary market report – April 2017

Published 15:02 on April 18, 2017  /  Last updated at 15:02 on April 18, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Views, Voluntary Market  /  No Comments

The voluntary market is facing up to a challenging period as a new global mechanism is developed by the United Nations and while companies pursue fast-growing markets in low-carbon energy.

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UN mulls CDM-like mechanism for climate adaptation

Published 06:16 on April 13, 2017  /  Last updated at 09:50 on April 13, 2017  /  Africa, Climate Talks, EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

Countries are to hold talks on whether to create a new mechanism similar to the CDM in an effort to attract hundreds of millions of dollars in private sector investment for climate adaptation.

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UNFCCC, CTX team up to offer online CER trading and retirement platform

Published 14:34 on April 11, 2017  /  Last updated at 14:34 on April 11, 2017  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, US, Views, Voluntary Market  /  No Comments

Carbon Trade eXchange (CTX) has partnered with the UNFCCC to allow for the purchase, sale and voluntary cancellation of CERs via the company’s online platform, offering organisations and individuals another route to offsetting their carbon footprints.

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Althelia aims to double its land-use project portfolio, disputes watchdog claims

Published 21:52 on March 24, 2017  /  Last updated at 10:28 on March 30, 2017  /  Africa, Asia Pacific, Aviation, EMEA, International, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

Natural capital vehicle Althelia Climate Fund said it is on course to double its project portfolio this year in an effort to secure returns for investors, responding to watchdog groups that raised concerns about its ability to generate revenues after it earned at least €4.4 million in management fees.

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Rich nations grant $8 mln to develop carbon markets in India

Published 11:27 on March 23, 2017  /  Last updated at 17:46 on March 23, 2017  /  Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC  /  No Comments

The World Bank-led Partnership for Market Readiness (PMR) has granted $8 million to support India in developing market-based mechanisms to drive carbon emission cuts.

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NAMA Facility identifies 7 more projects for support

Published 17:58 on March 10, 2017  /  Last updated at 17:58 on March 10, 2017  /  Africa, Americas, Asia Pacific, International, Mexico, New Market Mechanisms, Other APAC, South & Central  /  No Comments

The NAMA Facility has pre-selected seven projects to receive support to develop as NAMAs under its €60 million fourth funding call using donations from Germany and the UK.

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First proposals for CORSIA-approved aviation offset criteria due this year -ICAO

Published 00:12 on March 4, 2017  /  Last updated at 00:12 on March 4, 2017  /  Aviation, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US  /  No Comments

Initial recommendations on what emission credits should be allowed in the UN’s new global aviation offset scheme will be made this year, a senior ICAO official said this week, potentially giving airlines and low-CO2 project developers the first investment signals in what is expected to be a multi-billion dollar carbon market.

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CDM board delves deeper into voluntary market to save its struggling scheme

Published 19:24 on February 27, 2017  /  Last updated at 19:24 on February 27, 2017  /  Africa, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The CDM’s executive board has decided to reach out to companies involved in voluntary offsetting and wider corporate responsibility efforts in an attempt to shore up more appetite for CERs, which continue to languish below €0.30 amid scarce demand.

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