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Global shipping’s R&D fund seen getting top billing over carbon pricing at UN talks

Published 20:04 on June 10, 2021  /  Last updated at 00:32 on June 11, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, UK ETS, US  /  No Comments

The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a small fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures for the sector.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice

Published 15:07 on June 10, 2021  /  Last updated at 15:07 on June 10, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, REDD, Views, Voluntary Market  /  No Comments

The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.

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Shell to “accelerate” energy transition after court ruling, says CEO

Published 13:30 on June 9, 2021  /  Last updated at 13:30 on June 9, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, UK ETS  /  No Comments

Shell will “accelerate” its energy transition strategy and will likely take “some bold but measured steps” in the coming years to reduce emissions, its CEO said on Wednesday, after a Dutch court ruling ordered the oil major to substantially cut greenhouse gases by the end of the decade.

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VCM Report: CORSIA-eligible offsets match record highs

Published 19:01 on June 7, 2021  /  Last updated at 19:02 on June 7, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).  

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VCM Report: VER values continue to rise on low-cost credit demand

Published 22:55 on June 1, 2021  /  Last updated at 22:55 on June 1, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices this week maintained their upward trajectory seen over late spring, with voluntary carbon market (VCM) participants continuing to attribute the uptick to large buyers scooping up low-cost renewables credits.

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Switzerland, Thailand lay foundation for future Paris carbon credit deal

Published 22:47 on June 1, 2021  /  Last updated at 22:47 on June 1, 2021  /  Africa, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, Switzerland  /  No Comments

Switzerland intends to procure carbon offsets from Thailand under a joint statement signed by the two nations on Friday, marking the fourth arrangement for Paris-era international emissions trade orchestrated by Bern to date.

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Switzerland to sign next Paris-era carbon offset deal with Senegal -official

Published 18:33 on May 27, 2021  /  Last updated at 11:27 on May 31, 2021  /  Africa, Americas, Climate Talks, EMEA, International, New Market Mechanisms, South & Central, Switzerland, Voluntary Market  /  No Comments

Switzerland will soon announce its third bilateral deal under the Paris Agreement’s Article 6 to purchase carbon offsets from Senegal and is undertaking formal and informal discussions with a host of other countries on future arrangements, an official from the European country’s credit procurement agency said Thursday.

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Stripe to pay up to $2,050/t in second round of CO2 removal purchases

Published 15:35 on May 27, 2021  /  Last updated at 15:35 on May 27, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Switzerland, US, Voluntary Market  /  No Comments

Online payment processing company Stripe on Wednesday selected six more early-stage CO2 removal (CDR) projects as part of its climate programme, with some of these nascent technologies costing over $2,000 per tonne.

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Shell must reduce emissions by 45% by 2030, Dutch court orders in landmark ruling

Published 15:18 on May 26, 2021  /  Last updated at 11:30 on May 27, 2021  /  Africa, Americas, Asia Pacific, China, EMEA, EU ETS, International, UK ETS  /  No Comments

A Dutch court on Wednesday ordered oil major Shell to cut its net carbon emissions by 45% compared to 2019 levels by 2030, in what observers are calling a landmark ruling for the global oil industry.

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New UK-based joint venture targets nature-based carbon offsets

Published 14:23 on May 26, 2021  /  Last updated at 14:23 on May 26, 2021  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Commodity traders Hartree Partners and sustainability firm Systemiq on Wednesday launched a joint venture designed to help clients buy carbon credits from high-quality nature-based offset projects.

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