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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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FEATURE: Europe’s GO price boom falters as ‘sleeping giants’ stir

Published 00:17 on March 14, 2019  /  Last updated at 12:04 on March 15, 2019  /  EMEA, Voluntary Market  /  No Comments

European green certificate prices this year are likely to stay well below 2018’s record levels as the prospect looms of fledgling supply from renewables majors France and Germany, a conference heard this week.

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California sets 2019 mark by issuing nearly 5.4 mln new offsets

Published 21:22 on March 13, 2019  /  Last updated at 21:50 on March 13, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California issued nearly 5.4 million new offset credits (CCOs) this week across five forestry projects, marking the highest issuance of 2019, regulator data showed Wednesday.

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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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New US voluntary offset programme moving ahead as association formed

Published 20:12 on March 7, 2019  /  Last updated at 23:48 on March 7, 2019  /  Americas, US, Voluntary Market  /  No Comments

Ten US companies and organisations have formed a consortium to advance a voluntary market programme for promoting soil carbon sequestration and water conservation in agriculture, with more work underway to scale up nationally in the next few years.

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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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CORRECTION – Forest projects reign as California grants 2.5 mln offsets

Published 21:52 on February 27, 2019  /  Last updated at 22:10 on February 28, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB gave out more than 2.5 million carbon offsets (CCOs) this week, with forestry projects bringing in nearly the entirety of that amount.

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Norway wealth fund sheds more coal, agricultural firms on climate risk

Published 18:26 on February 27, 2019  /  Last updated at 00:03 on February 28, 2019  /  Americas, Asia Pacific, EMEA, International, Voluntary Market  /  No Comments

Norway’s $1 trillion sovereign wealth fund made further divestments from coal and agricultural businesses in 2018, furthering its climate risk strategy, it revealed in its annual report published Wednesday.

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