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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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Blockchain-based venture commits first funds to Ecosphere REDD credits

Published 22:35 on April 16, 2018  /  Last updated at 10:33 on April 17, 2018  /  Americas, International, REDD, South & Central, Voluntary Market  /  No Comments

Blockchain-based carbon credit platform Poseidon has committed to spend its first tranche of cash buying Peruvian REDD credits from UK-based Ecosphere+, as part of an initiative offering a voluntary carbon credit platform for retailers.

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Colombian CER cancellations surge after new offset restrictions imposed

Published 00:47 on April 5, 2018  /  Last updated at 01:34 on April 5, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The number of Colombian CERs voluntarily cancelled by emitters against the country’s carbon tax has surged over the past three months, following the introduction of new offset usage restrictions in January.

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Offset restrictions needed to ensure CORSIA integrity, spur new project investment -study

Published 22:28 on March 22, 2018  /  Last updated at 12:34 on March 23, 2018  /  Americas, Asia Pacific, Aviation, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

In the absence of any eligibility restrictions, ICAO’s CORSIA offset scheme may not be able to deliver sufficient emissions reductions in aviation by using CERs, according to a study released Thursday.

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UN floats draft rulebook for international emissions trade, keeps CERs on the table

Published 17:03 on March 16, 2018  /  Last updated at 17:03 on March 16, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN officials on Friday released a draft paper to help guide governments working on a year-end deadline to finalise rules on international emissions trade under the Article 6 of the Paris Agreement.

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Cambodia REDD project to share CO2 credit revenue with locals

Published 09:11 on March 14, 2018  /  Last updated at 18:14 on March 14, 2018  /  Asia Pacific, International, Other APAC, REDD  /  No Comments

The owners of a major REDD+ project in Cambodia have signed an agreement with 20 local villages to share the proceeds from carbon credit sales and help develop the communities.

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Norway seeks later CORSIA offset cut-off, vows non-cooperation if deal weakened

Published 18:44 on March 8, 2018  /  Last updated at 15:22 on April 24, 2018  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Norway is seeking an even later CORSIA offset vintage limit than that of the EU and has suggested it won’t participate in the remaining work to design the international aviation carbon market if the proposed rules are watered down any further.

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EU presses for CORSIA offset cut-off date if rulebook gets reopened

Published 16:32 on March 7, 2018  /  Last updated at 01:10 on March 9, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

The EU has kept its pledge to accept the draft CORSIA rulebook without changes but has tabled a slew of demands, including an offset vintage limit, should UN body ICAO reopen the package.

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Southeast Asian forest carbon credits too cheap to stop logging -study

Published 09:35 on March 7, 2018  /  Last updated at 22:17 on March 7, 2018  /  Asia Pacific, International, Other APAC, REDD  /  No Comments

Forest carbon credits issued under mechanisms such as REDD+ generate only a fraction of the prices Southeast Asian foresters can earn from the rubber industry, making the units inefficient in halting deforestation and cutting greenhouse gas emissions at current levels, a new study found.

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