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Lack of technical infrastructure hindering Ontario offset market investment, development

Published 18:16 on April 19, 2018  /  Last updated at 18:19 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

A lack of technical infrastructure and guidance from the Ontario government regarding its compliance offset programme is holding up the first investment and project submissions, according to stakeholders.

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ANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist

Published 01:39 on April 19, 2018  /  Last updated at 02:01 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take.

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Ontario unveils ‘open architecture’ framework for voluntary offset scheme

Published 23:33 on April 16, 2018  /  Last updated at 02:22 on April 17, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

The Ontario government has released a framework for its voluntary offset programme, approving three quantification methodologies under an ‘open architecture’ approach that doesn’t limit project types.

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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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No California offsets issued for first time in over two years

Published 21:40 on April 11, 2018  /  Last updated at 21:43 on April 11, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB did not hand out any California Carbon Offsets (CCOs) on Wednesday, the first issuance round since June 2015 where no new offsets were distributed.

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Mexican carbon tax to operate alongside market, though stakeholders say offset rules must change

Published 04:47 on April 7, 2018  /  Last updated at 04:59 on April 7, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, Mexico, US, Voluntary Market  /  No Comments

Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.

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Alberta finalises plan to withdraw six offset protocols

Published 00:27 on April 7, 2018  /  Last updated at 00:27 on April 7, 2018  /  Americas, Canada, Carbon Taxes, Voluntary Market  /  No Comments

The Alberta Climate Change Office (CCO) has confirmed that it will scrap six offset protocols, while also flagging another for withdrawal, according to a memo released on Friday.

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ExxonMobil voids another big batch of Colombian CERs against country’s carbon tax, almost doubling total

Published 03:44 on April 6, 2018  /  Last updated at 03:44 on April 6, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, South & Central, Voluntary Market  /  No Comments

US oil major ExxonMobil continued its brisk pace of Colombian CER cancellations this week, annulling another huge batch against the country’s carbon tax.

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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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Climate Trust delays launch of US offset guarantee facility

Published 23:51 on March 26, 2018  /  Last updated at 23:51 on March 26, 2018  /  Americas, Canada, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

US non-profit The Climate Trust has delayed the launch of its facility to offer guarantees to US offset project developers while it searches for someone to lead the initiative.

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