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Oil firm Equinor vows to buy REDD units to offset international operations

Published 20:17 on November 20, 2018  /  Last updated at 00:32 on November 21, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway’s oil firm Equinor plans to buy REDD forest protection credits to offset its emissions from operations not already covered by carbon pricing as the company is set to ramp up its foreign exploration, its CEO said Tuesday.

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Hopes fade for progress on a CDM transition this year

Published 22:54 on November 19, 2018  /  Last updated at 09:54 on November 20, 2018  /  Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, Voluntary Market  /  No Comments

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

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California punts endorsement of Tropical Forest Standard to 2019

Published 01:30 on November 17, 2018  /  Last updated at 20:05 on November 19, 2018  /  Americas, Aviation, Canada, International, Mexico, REDD, South & Central, US, Voluntary Market  /  No Comments

California regulator ARB on Friday postponed a decision until next spring on whether to approve the Tropical Forest Standard (TFS) that could allow jurisdictions to link their sector-based offset programmes to the state’s carbon market, with stakeholders warning of the standard’s environmental and social ramifications.

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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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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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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: The economics of activating dirt to absorb GHGs and restore soil

Published 19:12 on October 2, 2018  /  Last updated at 19:12 on October 2, 2018  /  Americas, REDD, US, Voluntary Market  /  No Comments

Centuries of unsustainable agriculture have squeezed massive amounts of nitrogen and carbon out of soils, but scientists think we can pull about 10% of our GHGs out of the air and inject them into soils just by switching to climate-safe agriculture – a practice that could also increase farmers’ yields and save on fertilizer costs.

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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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Nations seek stripped-down Paris rulebook as work piles up

Published 14:01 on September 9, 2018  /  Last updated at 04:52 on September 11, 2018  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.

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