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California offsets issuance hits 11-month low

Published 22:56 on June 12, 2019  /  Last updated at 23:31 on June 12, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB issued offsets this week to a pair of mine methane capture (MMC) projects for the first time in nine months, while the total issuance dropped to an 11-month low of 110,000 compliance-grade credits, according to state data.

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UPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach

Published 21:51 on June 10, 2019  /  Last updated at 13:44 on June 12, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.

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ICAO targets Feb. 2020 for first CORSIA offset unit recommendations

Published 19:12 on June 10, 2019  /  Last updated at 19:12 on June 10, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.

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EU ETS prices to average €36 next decade as many expect further market tightening -survey

Published 16:34 on June 5, 2019  /  Last updated at 18:44 on June 5, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

EU carbon prices will average €36.05 over 2021-2030, according to an annual survey of market observers and participants, marking a massive 63% year-on-year gain in expectations.

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REDD criticism should not affect California’s Tropical Forest Standard, advocates say

Published 23:50 on June 3, 2019  /  Last updated at 23:50 on June 3, 2019  /  Americas, Aviation, Canada, International, Mexico, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

California’s Tropical Forest Standard (TFS) is unlikely to see an erosion in support due to a recent media report’s critique of REDD-eligible credits, because the proposal would mitigate most of the flaws that could occur with individual offset projects, two environmental advocates said.

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EU spurns calls to use foreign carbon credits in its ETS, for now

Published 21:42 on June 3, 2019  /  Last updated at 05:27 on June 4, 2019  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The EU won’t use more foreign carbon credits in its carbon market, at least for the time being, Brussels officials said on Monday in response to calls for the bloc to reignite international emissions trade.

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Non-profit group launches initiative to inform NYC, global municipal credit trading plans

Published 22:51 on May 29, 2019  /  Last updated at 23:11 on May 29, 2019  /  Americas, International, US, Voluntary Market  /  No Comments

A new multi-stakeholder coalition will begin the process of studying how to best to implement a possible carbon or energy efficiency credit trading programme in New York City’s buildings sector during the next decade, with a possible eye to expanding such a system to other international cities.

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UK carbon investment fraud case collapses after trading expert discredited

Published 17:42 on May 29, 2019  /  Last updated at 18:25 on June 5, 2019  /  Bavardage, EMEA, EU ETS, International, Voluntary Market  /  No Comments

A UK court case against eight defendants over an alleged carbon credit investment scam has collapsed after the prosecution’s expert witness – a former London emissions broker – was discredited by members of the defence team, in a move that could have ramifications for previous prosecutions.

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ICAO to limit CORSIA meeting attendance to aviation programme’s technical body

Published 16:17 on May 24, 2019  /  Last updated at 16:39 on May 24, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO will restrict attendance at technical meetings for the CORSIA offsetting programme to members of the scheme’s 19-person advisory board, snubbing a central demand of environmental groups that have called for greater outside participation and transparency in developing the international carbon market.

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World-first CO2 removal auction fetches average price higher than EU ETS

Published 11:41 on May 24, 2019  /  Last updated at 09:45 on May 28, 2019  /  EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

GHG removal credits were sold for an average €26.92 on Friday on a platform led by Finnish utility Fortum, the first of three pioneering auctions designed to test the trade in the voluntary carbon market.

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