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UPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA

Published 20:50 on December 7, 2018  /  Last updated at 14:29 on December 9, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central, Voluntary Market  /  No Comments

Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.

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ECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+

Published 19:22 on December 6, 2018  /  Last updated at 19:22 on December 6, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).

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COP24: Article 6 text slashed in half as UN talks begin in earnest

Published 20:07 on December 5, 2018  /  Last updated at 22:53 on December 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central  /  No Comments

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.

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COP24: Developers, NGOs spar over future role of CDM

Published 19:15 on December 4, 2018  /  Last updated at 21:33 on December 4, 2018  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Kyoto Mechanisms, New Zealand, South & Central, Switzerland, US  /  No Comments

The continuation of the CDM and its CER credits when the Paris Agreement takes effect in 2021 has emerged as a major point of contention in the early days of the UN climate summit in Poland, as developers and NGOs remain widely split on the issue.

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ECOSYSTEM MARKETPLACE: Corruption, poor enforcement hamper global efforts to end deforestation

Published 02:22 on December 1, 2018  /  Last updated at 02:22 on December 1, 2018  /  Africa, Americas, Asia Pacific, Conversations, EMEA, International, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Zanzibar’s Masingini Natural Forest Reserve provides drinking water for much of the island and habitat for dozens of rare and endangered species, but its forests are being illegally clear-cut. Meanwhile, in the Brazilian Amazon, the “lungs of the planet”, recent satellite images show 7900 square km of illegal deforestation in just the last year. Isolated transgressions? Hardly.

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South African govt proposes painful penalties for emitters that exceed carbon budgets

Published 23:33 on November 30, 2018  /  Last updated at 00:07 on November 30, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Companies that exceed their emissions limits set under South Africa’s upcoming climate laws will be forced to pay a penalty of at least five times the country’s carbon tax.

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Meeting 2C target requires tripling of NDC emission cut rate -UN report

Published 16:00 on November 27, 2018  /  Last updated at 16:15 on November 27, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, EMEA, International, South & Central  /  No Comments

Countries are going even further off track towards limiting global warming to 2C as emissions began increasing in 2017, according to a UN report that found nations must triple emissions cuts pledged under the Paris Agreement to keep within the temperature limit.

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

Published 00:21 on November 21, 2018  /  Last updated at 01:10 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 23:58 on November 20, 2018  /  Last updated at 00:06 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 21:17 on November 20, 2018  /  Last updated at 01:32 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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