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ICAO states, aviation industry battle over stringency of CORSIA baseline

Published 21:29 on September 23, 2022  /  Last updated at 21:29 on September 23, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, International, Middle East, New Zealand, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Countries from the Global North and South are diverging on the stringency of the post-2023 emissions baseline for the CORSIA global aviation offset mechanism, as UN body ICAO’s Council puts forth a compromise ahead of a decision next month.

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Switzerland signs bilateral carbon deals with Morocco, Malawi, and Uruguay

Published 17:21 on September 23, 2022  /  Last updated at 17:21 on September 23, 2022  /  Africa, Americas, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Switzerland, Voluntary Market  /  No Comments

The Swiss executive governing body has approved three bilateral agreements with Morocco, Malawi, and Uruguay, creating the framework conditions for the country to trade international carbon emissions reductions units to count towards Paris Agreement climate goals.

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FEATURE: Transition risks grow as climate lawsuits against governments accelerate

Published 19:30 on September 22, 2022  /  Last updated at 18:15 on September 22, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

A record number of lawsuits against government climate action were filed last year, building pressure to bolster ambition and a move by vulnerable states to involve the International Court of Justice.

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Loose SDG claims could leave offset buyers duped, warns report

Published 18:48 on September 22, 2022  /  Last updated at 18:48 on September 22, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A lack of standardisation in framing Sustainable Development Goals (SDG) could leave buyers of offsets duped over the social, environment and economic benefits of a project in the voluntary carbon market (VCM), according to a report published on Thursday.

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Governments to gather at COP27 to steer forest funding via new partnership

Published 17:03 on September 22, 2022  /  Last updated at 17:03 on September 22, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Moves are underway to cement a collective pledge by 141 countries to arrest and reverse deforestation by 2030 into a cohesive partnership at November’s COP27 UN climate conference in Sharm el-Sheikh that includes cooperation on carbon markets.

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Clean hydrogen project pipeline rising but investment needs to triple by 2030 for net zero alignment -report

Published 06:19 on September 22, 2022  /  Last updated at 06:19 on September 22, 2022  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Japan, South Korea  /  No Comments

The number of global hydrogen projects in the pipeline has reached a new high of 680, reflecting investment of $240 billion, but investment proposals will need to reach to $700 bln by 2030 if low carbon hydrogen is to align with a net zero emissions by 2050 pathway, an industry report has said.

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US banks threaten to quit Carney climate finance group over legal risks

Published 01:08 on September 22, 2022  /  Last updated at 01:17 on September 22, 2022  /  Africa, Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary Market  /  No Comments

A number of large US investment banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over legal fears, putting in jeopardy the future of the coalition of institutions formed last year by UN climate envoy and former central bank head Mark Carney to help fight climate change.

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VCM analytics firm signs deals with brokers to boost customer offering

Published 18:08 on September 21, 2022  /  Last updated at 18:08 on September 21, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.

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Danish startup unveils data-driven model for fast-tracking voluntary carbon credit issuances

Published 06:01 on September 21, 2022  /  Last updated at 06:02 on September 21, 2022  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Nature-based, US, Voluntary Market  /  No Comments

A Danish startup this week unveiled a data-driven model to significantly fast-track voluntary carbon credit issuances.

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Airline leasing firm invests in offsets to help clients meet climate obligations

Published 20:45 on September 20, 2022  /  Last updated at 20:45 on September 20, 2022  /  Africa, Aviation/CORSIA, EMEA, Voluntary Market  /  No Comments

The world’s second largest aircraft leasing firm will start offering its airline customers carbon credits in its leasing contracts and plans an initial $53.3 million investment to source carbon credits from cookstove projects.

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