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Philippines ditches carbon tax plans

Published 12:57 on November 12, 2018  /  Last updated at 22:00 on November 12, 2018  /  Asia Pacific, Other APAC  /  No Comments

The Philippines is abandoning plans to introduce a carbon tax, a senior government official told a conference, saying it would impose unpopular costs on consumers while doing little to reduce emissions.

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India pegs Mar. 2019 as potential start date for pilot carbon market mechanism

Published 13:43 on November 7, 2018  /  Last updated at 22:21 on November 7, 2018  /  Asia Pacific, Other APAC  /  No Comments

India is aiming to launch a pilot carbon market mechanism for micro, small, and medium enterprises (MSMEs) and the waste sector by March of next year, according to official documents.

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COMMENT: Paris goals can only be achieved in time with robust bottom-up action

Published 23:09 on November 6, 2018  /  Last updated at 23:09 on November 6, 2018  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.

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Japan issues biggest batch of carbon credits yet under JCM, though volumes remain modest

Published 12:09 on November 6, 2018  /  Last updated at 22:15 on November 6, 2018  /  Asia Pacific, Japan, Other APAC  /  No Comments

Three Mongolian carbon offset projects have been issued credits under Japan’s Joint Crediting Mechanism (JCM), nearly doubling the amount of credits generated so far, although the Japanese government retained the majority of them.

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Indonesia economy ministry eyes 2021 start for carbon pricing mechanism

Published 09:41 on November 5, 2018  /  Last updated at 23:59 on November 5, 2018  /  Asia Pacific, Other APAC  /  No Comments

Indonesia, one of the world’s biggest GHG emitters, could have an emissions trading system or similar market mechanism ready for launch as early as 2021, a government official has said.

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UN opens tender to buy 141k Gold Standard CERs

Published 12:34 on October 30, 2018  /  Last updated at 12:34 on October 30, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, Voluntary Market  /  No Comments

The UN has launched a tender to buy some 140,800 Gold Standard CERs, including a batch from projects with co-benefits for women.

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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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Indonesia to weigh carbon market options for power, industry

Published 11:08 on October 10, 2018  /  Last updated at 08:43 on October 16, 2018  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

Indonesia will next month weigh four carbon pricing options to help meet its Paris obligations, including a full-fledged emissions trading scheme for its power and industry sectors.

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Vietnam signals revision to Paris pledge to pave way for huge emissions growth

Published 11:30 on October 8, 2018  /  Last updated at 23:21 on October 8, 2018  /  Asia Pacific, Other APAC  /  No Comments

Vietnam has become among the first countries to signal it will adjust its Paris pledge at December’s climate talks, a change that would enable the rapidly-developing country to emit tens of millions of tonnes in additional GHGs by 2030 compared to its previously commitment.

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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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