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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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ECOSYSTEM MARKETPLACE: As REDD talks progress in Bonn, question arises: who can use the term “REDD+”?

Published 14:15 on November 14, 2017  /  Last updated at 14:15 on November 14, 2017  /  Africa, Americas, Asia Pacific, Australia, Bavardage, Climate Talks, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Towards the end of summer, climate negotiators learned of three trademark applications that were filed in May of this year. One was for the logo “REDDPLUSX”, which is described as a carbon credit brokerage. Another was for the logo “RRU”, which are proposed carbon credits generated by saving or supporting forests under the Paris Agreement. But it was the third, for the logo REDD+, that raised eyebrows across the climate community.

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ECOSYSTEM MARKETPLACE: Forest carbon projects can narrow emissions gap, but not all are created equal

Published 11:08 on November 13, 2017  /  Last updated at 00:05 on November 14, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Before year-end climate talks began in Bonn, Germany last Monday, the United Nations Environmental Program (UNEP) published its 2017 Emissions Gap Report, which warned that existing climate action plans – called “Nationally Determined Reductions” (NDRs) – won’t keep global temperatures from rising 2oC.

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COP23: German government launches tender to buy 82k CERs to offset summit

Published 21:10 on November 10, 2017  /  Last updated at 21:17 on November 10, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The German government has launched a tender to buy 82,000 “high-quality” CERs, preferably from projects in small island developing states (SIDS), to offset emissions stemming from the UN climate summit it is co-hosting in Bonn.

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CORRECTED – COP23: Germany puts €50m towards N2O abatement, eyes €20m in offsets via World Bank auction platform

Published 14:30 on November 10, 2017  /  Last updated at 09:49 on November 15, 2017  /  Africa, Americas, Asia Pacific, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

Germany will spend €50 million in directly funding N2O nitric acid abatement in developing countries and is aiming put an additional €20 million towards buying CDM or voluntary offsets via the World Bank’s auction platform emerging out of the Pilot Auction Facility (PAF).

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ECOSYSTEM MARKETPLACE: Forests can absorb 1 trillion tonnes of carbon by 2100

Published 16:35 on November 3, 2017  /  Last updated at 16:47 on November 3, 2017  /  Africa, Americas, China, Climate Talks, Conversations, EMEA, International, Other APAC, REDD, South & Central, South Korea, Views, Voluntary Market  /  No Comments

Forests can play a larger and more important role in reducing climate change emissions than previously thought, according to a suite of research released today.

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Global carbon pricing costs, coverage need to rapidly increase, World Bank report warns

Published 16:57 on November 1, 2017  /  Last updated at 16:57 on November 1, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

The expansion of carbon pricing globally needs to accelerate, while the cost of emitting in most of the jurisdictions that have programmes in place needs to increase rapidly, a World Bank report warned on Wednesday.

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IETA urges ICAO Council to approve offset certification programmes for CORSIA

Published 21:49 on October 31, 2017  /  Last updated at 11:40 on November 2, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

Emissions trading lobby IETA is urging ICAO’s Council to provide clarity for airlines and investors by adopting proposed eligibility criteria for its CORSIA offset programme, which is understood to include at least four established certification programmes.

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World’s 2C target a distant dream as emissions set to surpass limit by 13 Gt, UN says

Published 11:36 on October 31, 2017  /  Last updated at 22:15 on October 31, 2017  /  Africa, Americas, Asia Pacific, China, EMEA, International  /  No Comments

The world is far off course to reaching its goal of limiting global temperature rise to 2C, as global emissions are set be 11-13.5 billion tonnes higher in 2030 than required to meet the target, the UN said Tuesday.

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Airport GHG initiative to review offsetting guidance ahead of CORSIA rule-setting

Published 17:47 on October 27, 2017  /  Last updated at 17:47 on October 27, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, REDD, US, Voluntary Market  /  No Comments

An airport association is reviewing its guidance on its voluntary offsetting standards in what may prove to be a key forerunner of rules to be decided under the far bigger CORSIA airline carbon market.

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