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Norway and Suriname to explore carbon credits for preventing deforestation -report

Published 10:24 on July 19, 2019  /  Last updated at 10:29 on July 19, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway and Suriname are said to be exploring an arrangement where the South American country would earn carbon credits for keeping its tropical forest intact, according to a local news report.

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New Zealand agriculture sector to face carbon price from 2025

Published 03:03 on July 16, 2019  /  Last updated at 00:26 on July 17, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand’s government has reached an agreement with farmers to price the sector’s GHG emissions starting in 2025.

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Five more tropical forest countries selected to World Bank’s REDD Fund

Published 17:43 on July 15, 2019  /  Last updated at 17:43 on July 15, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The World Bank’s Forest Carbon Partnership Facility (FCPF) has selected emission reduction programmes from five developing countries to participate in the organisation’s Carbon Fund, bringing the nations a step closer to signing agreements seen as a possible base for forestry international emissions trade.

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Australian carbon credit issuance shrinks below 70k

Published 09:10 on July 12, 2019  /  Last updated at 09:11 on July 12, 2019  /  Asia Pacific, Australia  /  No Comments

Issuance of Australian carbon credits dropped further this week as most project owners had secured offsets before the end of the 2018-19 financial year last month.

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NZ Market: NZUs hold for now despite tumbling timber prices

Published 14:31 on July 11, 2019  /  Last updated at 00:02 on July 12, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances are holding around the NZ$23 ($15.36) level despite rapidly fading timber export prices that has brought speculation on whether forest owners would sell off more NZUs to compensate for falling income levels.

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Australia’s Paris target, offset policy under scrutiny as advisers launch review

Published 09:59 on July 11, 2019  /  Last updated at 00:05 on July 12, 2019  /  Asia Pacific, Australia  /  No Comments

Whether Australia should increase its emissions target under the Paris Agreement, change the approach of the ERF, and access the international carbon offset market were among the issues in a policy review launched by the independent Climate Change Authority on Thursday.

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UPDATE – Ghana notches REDD agreement with World Bank carbon fund

Published 17:14 on July 10, 2019  /  Last updated at 19:50 on July 10, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Ghana will take in up to $50 million for protecting its forests under the World Bank’s Forest Carbon Partnership Facility (FCFP), becoming the third African nation to sign the REDD deal seen as a base for possible international emissions trade.

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Australian developers eye desert carbon credits

Published 13:15 on July 10, 2019  /  Last updated at 13:15 on July 10, 2019  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Project developers are exploring the possibility of creating a methodology that would make it possible to earn carbon credits from land management schemes in Australia’s vast desert areas.

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SK Market: Korean CO2 auction clears below secondary market

Published 09:18 on July 10, 2019  /  Last updated at 09:18 on July 10, 2019  /  Asia Pacific, South Korea  /  No Comments

South Korea sold all 550,000 carbon allowances on offer in its July auction held Wednesday, with permits clearing well below secondary market prices.

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New Zealand launches tender to build CO2 auctioning platform

Published 11:11 on July 8, 2019  /  Last updated at 11:31 on July 8, 2019  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government launched a tender on Monday for information and advice on building an auction platform for its ETS, with the intention to start selling carbon allowances next year.

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