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South African govt floats long-delayed CO2 tax bill in parliament, updates offset rules

Published 23:21 on November 21, 2018  /  Last updated at 00:10 on November 22, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

South Africa’s finance minister on Tuesday introduced the government’s long-awaited carbon tax bill in the National Assembly, a week after the Treasury released updated draft offset regulations.

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ECOSYSTEM MARKETPLACE: Oil palm, the prodigal plant, is coming home to Africa – What does that mean for forests?

Published 22:58 on November 20, 2018  /  Last updated at 23:06 on November 20, 2018  /  Africa, Americas, Conversations, EMEA, International, REDD, South & Central, Views, Voluntary Market  /  No Comments

Western and Central Africa have been cultivating oil palm for millennia, though the big money is flowing into Indonesia and Malaysia, which produce more than 80% of the world’s palm oil supply. Now Indonesian and Malaysian palm oil companies are expanding into African regions, and environmentalists are worried that could accelerate deforestation.

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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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Aviation industry urges governments to wait to set a global GHG target

Published 15:18 on November 5, 2018  /  Last updated at 15:18 on November 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Shipping, US, Voluntary Market  /  No Comments

Governments should wait two or three years before setting a global aviation emission goal in case they “lose focus” on implementing the CORSIA offsetting mechanism, which is designed to limit emissions at 2020 levels, senior aviation representatives told a conference Monday.

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UN opens tender to buy 141k Gold Standard CERs

Published 12:34 on October 30, 2018  /  Last updated at 12:34 on October 30, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, Voluntary Market  /  No Comments

The UN has launched a tender to buy some 140,800 Gold Standard CERs, including a batch from projects with co-benefits for women.

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UK commits £60 mln to buy domestic forest carbon credits

Published 19:16 on October 29, 2018  /  Last updated at 20:29 on October 29, 2018  /  EMEA, New Market Mechanisms, Voluntary Market  /  No Comments

The UK is to allocate £60 million ($77 mln) to buy carbon credits from domestic landowners as part of efforts to plant 11 million trees by 2020, the government said in its budget on Monday.

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IMO still docked in finding ways to meet shipping’s global emission goals

Published 19:15 on October 26, 2018  /  Last updated at 19:30 on October 26, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, Shipping, Voluntary Market  /  No Comments

Governments at the International Maritime Organisation (IMO) this week got off to a slow start in agreeing measures to help meet emission reduction goals, but the group took steps to keep in play the launch of a market-based measure from 2023.

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