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ENI becomes second oil major to include REDD in climate commitments

Published 17:07 on March 15, 2019  /  Last updated at 17:21 on March 15, 2019  /  Africa, EMEA, International, REDD, Voluntary Market  /  No Comments

Italian oil major ENI will invest in forest protection as part of a voluntary pledge to achieve net zero upstream emissions by 2030, it said on Friday, but the firm’s plans to grow fossil fuel output mean its full carbon footprint is still likely to rise.

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UK to consult on mandating travel providers to offer passengers “genuinely additional” offsets

Published 14:17 on March 13, 2019  /  Last updated at 14:17 on March 13, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS, International, REDD, Voluntary Market  /  No Comments

The UK is considering forcing all transportation providers to offer “genuinely additional” carbon offsets to give passengers more opportunity to achieve carbon neutral travel, the government announced Wednesday.

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Chile seen allowing unlimited offsets for expanded CO2 tax, may add RECs

Published 22:37 on March 12, 2019  /  Last updated at 22:38 on March 12, 2019  /  Americas, Carbon Taxes, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Chile could allow the unlimited use of domestic offsets as a compliance option under its expanded $5/tonne carbon charge, though industry is lobbying to include RECs as well, according to an industry expert.

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ICAO implements advisory body to review CORSIA offset units, though questions remain

Published 23:24 on March 6, 2019  /  Last updated at 23:35 on March 6, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO announced Wednesday that it had enacted an advisory body to review emissions credits under its CORSIA global offsetting mechanism, but it was unclear whether it had reached further decisions on the panel’s membership and transparency.

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ICAO approves carbon unit criteria for CORSIA aviation offset scheme

Published 23:28 on March 5, 2019  /  Last updated at 15:16 on March 6, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO’s Council approved broad emissions unit criteria on Tuesday under its CORSIA global offsetting mechanism, placating green groups that had warned the body against making changes that could undermine the programme’s environmental integrity.

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Green Climate Fund approves first REDD project

Published 09:20 on February 27, 2019  /  Last updated at 00:07 on February 28, 2019  /  Africa, Americas, EMEA, International, REDD, South & Central, Voluntary Market  /  No Comments

The board of the Green Climate Fund on Wednesday awarded $96.5 million to a Brazilian REDD+ project, the first time a scheme designed to cut emissions by halting deforestation has been backed by the flagship UN-backed climate finance initiative.

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Without two-pronged offset limit, airlines’ CORSIA scheme risks having no climate benefit -researchers

Published 19:32 on February 25, 2019  /  Last updated at 02:06 on February 26, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

Governments this month risk adopting CORSIA international aviation offsetting scheme rules that have no climate benefit unless they impose both vintage and vulnerability limits on the eligible carbon credits, researchers said on Monday.

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Green Climate Fund fills key positions ahead of crucial year

Published 13:03 on February 25, 2019  /  Last updated at 02:15 on February 26, 2019  /  Africa, Americas, Asia Pacific, Bavardage, China, EMEA, International, REDD  /  No Comments

The Green Climate Fund on Monday unveiled its new executive director and a global facilitator for its replenishment process, as the fund enters into crucial negotiations with donor countries over topping up its budget.

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ICAO panel agree recommendations for airlines’ CORSIA eligibility

Published 23:50 on February 19, 2019  /  Last updated at 23:50 on February 19, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

A technical panel at UN aviation agency ICAO has settled on recommendations for how to calculate emission benefits from airlines’ use of cleaner fuels – rules that will help determine the sector’s carbon credit demand under the CORSIA offsetting mechanism.

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Norway set to make first payment to Indonesia for halting deforestation

Published 09:24 on February 19, 2019  /  Last updated at 00:23 on February 20, 2019  /  Asia Pacific, EMEA, Other APAC, REDD  /  No Comments

Norway is ready to make its first payment to Indonesia under the two nations’ 2010 agreement to halt deforestation, after the South East Asian nation reported a drop in greenhouse gas emissions from the sector in 2017.

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