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IBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD

Published 16:15 on May 15, 2018  /  Last updated at 13:35 on May 17, 2018  /  Africa, Americas, Asia Pacific, Canada, China, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.

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By the numbers: Kyoto offset use in the EU ETS since 2014

Published 17:58 on May 11, 2018  /  Last updated at 11:05 on May 14, 2018  /  China, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central  /  No Comments

Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.

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UN adds more Paris rulebook talks as higher CO2 prices raise demand hopes

Published 18:56 on May 10, 2018  /  Last updated at 07:49 on May 11, 2018  /  Americas, Asia Pacific, Aviation, Canada, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Governments have agreed to hold an extra week of negotiations on international emissions trade and other rules under the 2015 Paris Agreement, as two weeks of UN climate talks in Bonn ended Thursday yielding little progress.

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Renewables rise helps to close Paris gap as governments lag -analysts

Published 11:53 on May 3, 2018  /  Last updated at 11:53 on May 3, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Japan, Other APAC, Shipping, South & Central, US  /  No Comments

The faster-than-expected expansion of renewables worldwide is helping to narrow the gap to Paris Agreement goals, despite some governments making little progress on climate action and the effects of US President Trump’s policies not yet taking hold, researchers said Thursday.

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Pedal power: UN approves plans to allow bike lanes, sharing schemes to earn carbon credits

Published 23:55 on April 30, 2018  /  Last updated at 23:55 on April 30, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

Projects that facilitate the use of bicycles in developing nations, including installing bike lanes and parking lots and implementing bike-sharing programmes, now qualify for carbon credits, a UN panel has decided.

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Japan-Thailand JCM programme sees first offset issuance

Published 10:36 on April 24, 2018  /  Last updated at 16:46 on April 24, 2018  /  Asia Pacific, Japan, Other APAC  /  No Comments

Japan this week issued the first-ever batch of offsets to a Thailand-based project under the Joint Crediting Mechanism (JCM), taking the number of host countries that have received carbon credits under the programme to five of Japan’s 17 partners.

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FIFA, UN kick off campaign to offset World Cup attendee emissions

Published 22:23 on April 23, 2018  /  Last updated at 22:32 on April 23, 2018  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Kyoto Mechanisms, Other APAC, US, Voluntary Market  /  No Comments

Global football governing body FIFA has teamed up with the UN to encourage fans travelling to this summer’s World Cup in Russia to offset their carbon emissions.

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Australian minister flags potential use of Asia-Pacific forest carbon credits

Published 11:03 on April 23, 2018  /  Last updated at 23:43 on April 23, 2018  /  Asia Pacific, Australia, International, Other APAC, REDD  /  No Comments

If Australia decides to use international carbon credits to meet its Paris target, forest offsets from the Asia-Pacific region might be among its target markets, according to Energy and Environment Minister Josh Frydenberg.

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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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Vietnam prepares to slap CO2 targets on industry to meet Paris target

Published 10:21 on April 6, 2018  /  Last updated at 10:21 on April 6, 2018  /  Asia Pacific, Other APAC  /  No Comments

Vietnam is finalising a plan that will impose CO2 caps on all sectors of the economy and possibly on individual major emitters, the Ministry of Natural Resources and Environment (MONRE) said, though it remains unclear if the South East Asian nation will go for an emissions trading scheme or a carbon tax.

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