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UK commits £60 mln to buy domestic forest carbon credits

Published 19:16 on October 29, 2018  /  Last updated at 20:29 on October 29, 2018  /  EMEA, New Market Mechanisms, Voluntary Market  /  No Comments

The UK is to allocate £60 million ($77 mln) to buy carbon credits from domestic landowners as part of efforts to plant 11 million trees by 2020, the government said in its budget on Monday.

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IMO still docked in finding ways to meet shipping’s global emission goals

Published 19:15 on October 26, 2018  /  Last updated at 19:30 on October 26, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, Shipping, Voluntary Market  /  No Comments

Governments at the International Maritime Organisation (IMO) this week got off to a slow start in agreeing measures to help meet emission reduction goals, but the group took steps to keep in play the launch of a market-based measure from 2023.

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Tense GCF board approves over $1 billion in new climate funding

Published 16:55 on October 19, 2018  /  Last updated at 13:47 on October 22, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, US  /  No Comments

The Green Climate Fund (GCF) board has approved more than $1 billion in new project funding, including funds for a trimmed down version of a controversial Bahraini project, at an often combative four-day meeting that highlighted the ongoing deep divide between developed and developing countries.

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CARBON FORWARD 2018: Switzerland lines up first Paris-era carbon trades

Published 22:37 on October 18, 2018  /  Last updated at 02:35 on October 19, 2018  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Switzerland  /  No Comments

Switzerland will start buying its first international credits next year to help meet its emission goal under the Paris Agreement, marking one of the first trades under the pact, an official said Thursday at the Carbon Forward 2018 conference in London.

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As CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines

Published 21:42 on October 4, 2018  /  Last updated at 21:43 on October 4, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.

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FOREST TRENDS: How blockchain can make carbon markets more accessible

Published 22:49 on October 3, 2018  /  Last updated at 22:49 on October 3, 2018  /  Americas, Conversations, International, New Market Mechanisms, US, Views, Voluntary Market  /  No Comments

As more companies and individuals are looking for tools to mitigate their impact on climate change, the idea of utilizing blockchain technology has been on the forefront of many conversations. It is one of the building blocks behind cryptocurrency and companies are looking to utilize blockchain technology as a means to streamline the development and sale of carbon credits.

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Aviation may need CO2 price of $200/t to drive switch to cleaner fuels -experts

Published 14:57 on October 2, 2018  /  Last updated at 14:57 on October 2, 2018  /  Aviation, International, New Market Mechanisms, Voluntary Market  /  No Comments

Aviation needs to impose a carbon price as high as $200/tonne to incentivise a switch to cleaner fuels and reach zero emissions without offsetting by 2060 in order to align with the Paris Agreement, an expert group told industry leaders on Tuesday.

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Carbon veteran leaves Sindicatum following offset portfolio sales

Published 11:32 on September 27, 2018  /  Last updated at 16:49 on September 28, 2018  /  Americas, Asia Pacific, Bavardage, China, China's Offset Market, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, US, Voluntary Market  /  No Comments

A veteran carbon expert has left project developer Sindicatum to pursue other opportunities, Carbon Pulse has learned, several months after the Singapore-based firm sold its US and Asian offset portfolios.

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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 16:19 on September 26, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Views, 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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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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