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Global energy-related emissions to peak in 2023, but pathway “too slow” to hit Paris-aligned 1.5C -report

Published 18:21 on January 14, 2021  /  Last updated at 18:21 on January 14, 2021  /  Africa, Americas, Asia Pacific, EMEA, International  /  No Comments

Emissions from global energy systems will peak in 2023, but the speed of decarbonisation remains off pace to put GHG output on a path in line with a temperature rise of 1.5C above pre-industrial levels, according to a report released Thursday.

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COMMENT: WWF ‘Blueprint for Corporate Action on Climate & Nature’ – Key takeaways for the voluntary carbon market

Published 14:55 on January 13, 2021  /  Last updated at 14:55 on January 13, 2021  /  Africa, Americas, Conversations, EMEA, International, Other APAC, South & Central, Views, Voluntary Market  /  No Comments

In Dec. 2020, WWF published a ‘Blueprint for Corporate Action on Climate and Nature’, setting out a vision for how companies should follow the mitigation hierarchy to address the climate emergency, informed by science and the Paris policy environment. Here are Gold Standard’s key takeaways for the voluntary carbon market.

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Nature summit musters more than $14 bln for land restoration

Published 22:04 on January 11, 2021  /  Last updated at 10:16 on January 12, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, REDD, Voluntary Market  /  No Comments

Governments and development banks have pledged more than $14 billion over the next four years to restore 100 million hectares of land in northern Africa, an effort that would store an estimated 250 million tonnes of CO2.

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ANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters 

Published 23:00 on January 5, 2021  /  Last updated at 02:02 on January 6, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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S&P Global Platts to launch CORSIA offset price assessment

Published 19:01 on December 16, 2020  /  Last updated at 19:07 on December 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Wednesday announced it will begin assessing prices for carbon credits approved for use in ICAO’s global aviation offset system CORSIA, as interest in the voluntary market grows.

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Indonesia, Costa Rica sign World Bank REDD deals as remaining deadlines extended

Published 21:10 on December 14, 2020  /  Last updated at 21:10 on December 14, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Indonesia and Costa Rica last week inked agreements with the World Bank Forest Carbon Partnership Facility (FCPF) to reduce deforestation-related emissions, while the other tropical forest nations with outstanding arrangements will receive additional time to sign the deals seen as a possible base of international carbon trading.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, 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, US, Voluntary Market  /  No Comments

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Researchers urge removal of older offsets, legacy projects to save global voluntary carbon market

Published 20:56 on December 8, 2020  /  Last updated at 00:46 on December 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Call it the ‘first-mover disadvantage’. Researchers are urging for carbon credits generated from historical emissions reductions, as well as the older projects that created them, to all be purged in a bid to save the global voluntary offset market.

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IATA launches aviation carbon credit exchange, announces first trade

Published 21:03 on November 25, 2020  /  Last updated at 23:18 on November 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.

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