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Vitol, Wentworth Resources eye carbon offtake deal to help offset Tanzania gas field emissions

Published 23:11 on November 19, 2021  /  Last updated at 00:23 on November 20, 2021  /  Africa, EMEA, International, Voluntary Market  /  No Comments

Trading house Vitol has signed a memorandum of understanding with Tanzania-focused gas producer Wentworth Resources to develop a portfolio of “community focused” carbon credits in the country through 2030.

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ANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback

Published 22:08 on November 19, 2021  /  Last updated at 22:09 on November 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

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ICE exchange to host forestry VER auctions for Permian Global

Published 13:00 on November 18, 2021  /  Last updated at 14:08 on November 18, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Exchange operator ICE on Thursday announced it is planning to hold voluntary emissions reduction (VER) auctions for REDD+ project developer Permian Global.

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TotalEnergies signs Australian offset deal, eyes fire management schemes in Africa

Published 08:18 on November 18, 2021  /  Last updated at 09:38 on November 19, 2021  /  Africa, Asia Pacific, Australia, EMEA, International, Voluntary Market  /  No Comments

French oil major TotalEnergies has committed to participating in developing a large-scale soil carbon project in Australia, and to apply Aboriginal fire management techniques to offset schemes in sub-Saharan Africa, it announced Thursday.

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ANALYSIS: Glasgow could be a ‘game-changer’ for fossil fuel subsidies

Published 15:19 on November 17, 2021  /  Last updated at 15:19 on November 17, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Language on fossil fuel subsidy reform in the decision of the COP26 UN climate conference was dismissed by some as another empty promise, but others believe it could pave the way for drastic cuts in government support for oil, gas, and coal.

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Countries unlikely to raise GHG pledges next year amid muted pressure -experts

Published 19:29 on November 16, 2021  /  Last updated at 21:16 on November 16, 2021  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Other APAC, South & Central, US  /  No Comments

Countries are unlikely to raise the ambition of their Paris Agreement emissions pledges by next year, with richer nations already dismissing the idea and emerging economies not under enough pressure to do more, experts said on Tuesday.

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VCM Report: VER prices stretch records as traders digest Article 6 deal

Published 23:17 on November 15, 2021  /  Last updated at 23:17 on November 15, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised, exchange-traded voluntary emissions reductions (VERs) continued to gap to new all-time highs this week though participants said the over-the-counter voluntary carbon market (VCM) was steady on Monday after nations agreed the Paris Agreement carbon credit rulebook this weekend.

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Nations pledge to adjust voluntary units, not use pre-2020 offsets

Published 11:31 on November 15, 2021  /  Last updated at 11:31 on November 15, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

A group of nations has vowed to take a stronger line on carbon credits than those agreed at the Glasgow COP26 UN climate talks, pledging not to use pre-2020 CDM credits and to apply corresponding adjustments to voluntary market units.

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COP26: Reactions to the Glasgow Climate Pact and a summary of other major announcements

Published 23:57 on November 13, 2021  /  Last updated at 01:12 on November 14, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Here are selected expert reactions to the Glasgow Climate Pact, which was concluded at the UN COP26 summit late Saturday, as well as a summary of the major announcements made during the two-week talks.

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COP26: UN talks compel nations to revise GHG pledges next year, shy away from coal exit

Published 22:07 on November 13, 2021  /  Last updated at 01:02 on November 14, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN climate talks closed late Saturday by tasking nearly 200 nations to revise their emissions pledges within a year to “keep alive” the Paris Agreement’s 1.5C global warming goal, but the deal failed to commit to a faster coal phaseout.

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