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Brazil government urged to start an ETS, slowly

Published 21:51 on June 21, 2018  /  Last updated at 21:51 on June 21, 2018  /  Americas, REDD, South & Central  /  No Comments

Brazil’s government should introduce an emissions trading system starting with extensive free allocation and a $10/tonne price ceiling, according to an academic study commissioned by business groups.

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Number of deregistered CDM projects doubles

Published 16:35 on June 8, 2018  /  Last updated at 16:35 on June 8, 2018  /  Africa, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.

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Germany, World Bank gear up for €20m N2O offset auction

Published 17:49 on June 5, 2018  /  Last updated at 10:46 on June 6, 2018  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.

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Number of CERs used against Colombian carbon tax nears 1.5 million

Published 15:13 on May 31, 2018  /  Last updated at 15:13 on May 31, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, South & Central, Voluntary Market  /  No Comments

The number of Colombian CERs being cancelled against the country’s carbon tax by big emitters is approaching 1.5 million after another batch was annulled last week.

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Ben & Jerry’s customers scoop up REDD credits in retail offsetting initiative

Published 15:41 on May 24, 2018  /  Last updated at 15:41 on May 24, 2018  /  Americas, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Ice cream maker Ben & Jerry’s is piloting an initiative where customers automatically offset the footprint of their retail purchases through buying Peruvian forestry offsets via blockchain technology.

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Future of global carbon markets rests on China success -survey

Published 10:00 on May 22, 2018  /  Last updated at 09:03 on May 22, 2018  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, US, Voluntary Market  /  No Comments

The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.

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Peru agrees to ‘nest’ Althelia’s REDD projects into its Paris efforts

Published 22:10 on May 21, 2018  /  Last updated at 22:10 on May 21, 2018  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Peru’s government has agreed to ‘nest’ two REDD projects financed by fund Althelia, claiming a global first that enables the developers to sell carbon credits abroad while later integrating with the government’s Paris emission pledge.

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Nordic nations float ITMO trade model with Peru

Published 18:56 on May 16, 2018  /  Last updated at 09:29 on May 17, 2018  /  Americas, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central  /  No Comments

Carbon-cutting activities in Peru’s waste sector could be developed using international emissions trade in a way that resolves many concerns over how carbon markets can contribute to the Paris Agreement, according to an initial draft of a study commissioned by Nordic countries.

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IBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD

Published 16:15 on May 15, 2018  /  Last updated at 13:35 on May 17, 2018  /  Africa, Americas, Asia Pacific, Canada, China, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.

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By the numbers: Kyoto offset use in the EU ETS since 2014

Published 17:58 on May 11, 2018  /  Last updated at 11:05 on May 14, 2018  /  China, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central  /  No Comments

Fossil fuel-based projects in developing and eastern European countries have been the largest individual beneficiaries from selling offsets to emitters in the EU ETS since 2014, while more than 75% of the credits came from just two countries.

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