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ANALYSIS: Colombian emitters face offset supply crunch as door closes on foreign units

Published 00:15 on January 18, 2018  /  Last updated at 12:47 on January 18, 2018  /  Americas, Carbon Taxes, Kyoto Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

As Colombia stops allowing emitters to use international offsets to cover their national carbon tax obligations, its companies are struggling to find enough domestic credits to meet demand.

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Natural Capital Partners, VCS hit back at claims of dodgy Cambodian REDD offsets

Published 11:08 on January 12, 2018  /  Last updated at 11:19 on January 12, 2018  /  Asia Pacific, Aviation, International, Other APAC, REDD, Voluntary Market  /  No Comments

Carbon brokers Natural Capital Partners and the Voluntary Carbon Standard (VCS) have hit back against claims that offsets from the Oddar Meanchey REDD project in Cambodia lack environmental integrity.

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North, Latin American governments plan gathering to forge closer carbon pricing ties

Published 16:49 on January 11, 2018  /  Last updated at 16:49 on January 11, 2018  /  Americas, Canada, REDD, South & Central, US, Voluntary Market  /  No Comments

Twelve North and Latin American national and sub-national governments will meet in Chile later this month for their first gathering since committing to boost carbon pricing integration, with several other jurisdictions considering joining.

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Althelia invests €5.1 mln in Indonesian peatlands project 

Published 20:07 on January 10, 2018  /  Last updated at 20:07 on January 10, 2018  /  Asia Pacific, EMEA, Other APAC, REDD, Voluntary Market  /  No Comments

Natural capital vehicle Althelia Climate Fund has invested €5.1 million in a project to restore carbon-intensive peatland rainforest in Indonesia.

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Virgin Atlantic becomes latest firm to shun credits from controversial Cambodian REDD project

Published 18:59 on January 10, 2018  /  Last updated at 18:59 on January 10, 2018  /  Africa, Asia Pacific, Aviation, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

Airline Virgin Atlantic has become the latest firm to remove a Cambodian REDD+ project from its portfolio of offset sources, according to media reports, amid ongoing claims that large areas covered by the initiative were subject to rampant deforestation.

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ICAO draft sets out basis for eligible CORSIA credits, defers to programmes 

Published 18:24 on January 9, 2018  /  Last updated at 09:27 on January 10, 2018  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN agency ICAO has proposed to defer much of the responsibility for ensuring the environmental integrity of carbon credits eligible for its CORSIA aviation offsetting scheme to the credit standards themselves, according to a preliminary draft of the rules seen by Carbon Pulse.

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CAR awards first offsets to Disney-backed Mexican forest project

Published 11:52 on December 18, 2017  /  Last updated at 15:16 on December 18, 2017  /  Americas, Mexico, REDD, South & Central, US, Voluntary Market  /  No Comments

The Climate Action Reserve (CAR) has issued voluntary offsets to the first Mexican forestry project registered under the programme.

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Global forest carbon finance falls 25% in 2016, report finds

Published 21:40 on December 11, 2017  /  Last updated at 21:40 on December 11, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, EMEA, International, Kyoto Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Global funding for efforts to store carbon in forests dropped 25% to $662.1 million in 2016, according to Ecosystem Marketplace’s annual report on the state of forest carbon finance.

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ANALYSIS: Airlines face CORSIA cost hike as hunt for cheap CO2 cuts gathers pace 

Published 19:37 on December 5, 2017  /  Last updated at 04:20 on December 6, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Airlines face the prospect of rapidly rising prices for carbon offsets to meet their CORSIA goals as regulators dither on agreeing rules and countries forge their own climate policies.

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IAG chief says airline climate goals insufficient as airlines seek EU ETS exit 

Published 19:42 on December 4, 2017  /  Last updated at 19:42 on December 4, 2017  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Aviation’s global climate goals are not enough in the long term, according to IAG boss Willie Walsh, who said the sector eventually faces being suppressed by governments if it cannot achieve environmental sustainability.

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