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Climate finance vehicle picks 9 new initiatives to support in emerging nations

Published 12:26 on February 16, 2018  /  Last updated at 12:26 on February 16, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

Public-private climate investment vehicle The Lab has selected nine initiatives from over 100 applications to support for this year, with funding expanding into land-use sectors.

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Avoided deforestation projects provide boost for Australian offset issuance

Published 09:32 on February 16, 2018  /  Last updated at 09:32 on February 16, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator doubled its offset issuance to nearly 400,000 this week, driven by a batch of NSW-based avoided deforestation projects from which the government has contracted to buy almost 3.7 million carbon credits.

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VCS becomes Verra: Voluntary market certifier changes name in rebranding

Published 23:30 on February 15, 2018  /  Last updated at 23:30 on February 15, 2018  /  Africa, Americas, Asia Pacific, Bavardage, Conversations, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Voluntary carbon market certifier Verified Carbon Standard (VCS) has changed its name to Verra in a rebranding that it says reflects its broadening portfolio of sustainable development and environmental standards.

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Australia releases ETS-like draft design for National Energy Guarantee

Published 11:04 on February 15, 2018  /  Last updated at 11:04 on February 15, 2018  /  Asia Pacific, Australia, International, New Market Mechanisms  /  No Comments

Australia’s Energy Security Board (ESB) on Thursday released a draft design proposal for the National Energy Guarantee that included many of the same elements found in intensity-based emissions trading schemes.

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Carbon tax coverage is spreading worldwide, but at too low a rate -OECD

Published 19:39 on February 14, 2018  /  Last updated at 21:24 on February 14, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Carbon tax coverage increased worldwide over the four years to 2015 but the rates are still too low to reflect the costs of greenhouse gases, according to an OECD report published Wednesday.

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Triple murder turns spotlight on Cambodian REDD+ project

Published 09:49 on February 14, 2018  /  Last updated at 15:14 on February 14, 2018  /  Asia Pacific, International, Other APAC, REDD  /  No Comments

The recent killing of three people patrolling the site of a Cambodian REDD+ project, from which the Walt Disney Corp. has bought $2.6 million in carbon credits, has raised questions as to the viability of forest carbon projects.

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New Zealand’s Genesis Energy to extend life of coal-fired plant to 2030

Published 09:35 on February 14, 2018  /  Last updated at 15:21 on February 14, 2018  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s Genesis Energy will continue burning coal at its Huntly power station – one of the nation’s biggest buyers of carbon allowances – until 2030, marking an eight-year extension of previous plans.

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Exchange operator CBL Markets sees trade volumes rise in 2017

Published 00:20 on February 14, 2018  /  Last updated at 00:24 on February 14, 2018  /  Americas, Asia Pacific, Australia, US, Voluntary Market  /  No Comments

Exchange operator CBL Markets said it experienced strong growth last year, in part due to an influx of new participants and the Australia-headquartered firm’s expansion into other environmental markets.

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SK Market: KAUs edge up to 2-month high, but trade remains choppy

Published 09:48 on February 13, 2018  /  Last updated at 00:44 on February 14, 2018  /  Asia Pacific, South Korea  /  No Comments

Korean CO2 allowances on Tuesday broke out of the tight range in which they have hovered since December, but liquidity in the market remained modest as the ongoing lack of government clarification on future scheme rules means significant supply remains locked.

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Heineken unveils new emissions reduction goals, internal carbon price

Published 21:31 on February 12, 2018  /  Last updated at 21:38 on February 12, 2018  /  Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

Dutch brewing giant Heineken on Monday announced a new emissions reduction strategy that seeks to incorporate more renewable energy sources into its operations while also introducing a pilot internal carbon price.

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