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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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Australian offsets break price record as longer-term demand firms

Published 03:52 on June 10, 2021  /  Last updated at 11:27 on June 10, 2021  /  Asia Pacific, Australia  /  No Comments

Australian Carbon Credit Units (ACCUs) traded at A$19 ($14.69) in the spot market for the first time on Thursday as future compliance risk is supporting demand for the domestic units despite access to much cheaper international options.

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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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Impact fund takes majority stake in Australian offset developer

Published 09:55 on June 9, 2021  /  Last updated at 09:55 on June 9, 2021  /  Asia Pacific, Australia, Bavardage  /  No Comments

Melbourne-based Tiverton Agriculture Impact Fund has taken a majority stake in an Australian offset developer and carbon advisory firm.

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NZ Market: NZUs soar to fresh highs as climate commission doubles down on higher auction price settings

Published 04:23 on June 9, 2021  /  Last updated at 07:40 on June 9, 2021  /  Asia Pacific, International, New Zealand  /  No Comments

New Zealand carbon allowances soared past NZ$40 ($28.81) to new record high levels on Wednesday, following the release of the independent Climate Change Commission’s final advice to the government on the country’s carbon budgets out to 2035.

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INTERVIEW: Offset venture Vertree targets big emitters for scale-up of voluntary carbon market

Published 16:40 on June 8, 2021  /  Last updated at 16:06 on June 11, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

Newly-formed carbon credit provider Vertree is targeting a major push towards providing carbon offsets for harder-to-abate sectors, betting these heavy industries won’t be able to cut their emissions at a politically acceptable cost.

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Australia Market Roundup: Voluntary CER cancellations top 3.2 mln in May, as govt funds first DAC demonstration project

Published 11:20 on June 8, 2021  /  Last updated at 11:20 on June 8, 2021  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.

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Australia’s Woodside sets net zero target for major LNG project

Published 01:49 on June 8, 2021  /  Last updated at 03:50 on June 8, 2021  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

Woodside Energy has set a 2050 net zero target and interim goals by 2025 and 2030 for its Pluto LNG project in Western Australia, which it will meet through technology investments and carbon offsets, the company said Tuesday.

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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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