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A global carbon tax may be more feasible than previously thought -survey

Published 09:13 on January 17, 2019  /  Last updated at 16:44 on January 17, 2019  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International  /  No Comments

The general public in both rich and poor countries shows a consistently high level of support for a carefully designed global carbon tax, a survey found.

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Global clean energy investment dips 8% as solar panel glut takes effect -BNEF

Published 13:45 on January 16, 2019  /  Last updated at 23:44 on January 16, 2019  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Global clean energy investments fell 8% in 2018 to $332.1 billion as a solar panel production glut slashed prices and China cut subsidy access, according to researchers BloombergNEF (BNEF).

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Korean developers push on with CDM projects despite potential UN restrictions

Published 10:56 on January 16, 2019  /  Last updated at 21:12 on January 16, 2019  /  Asia Pacific, International, Kyoto Mechanisms, South Korea  /  No Comments

South Korean project developers continue to identify and launch new CDM projects for use in the domestic ETS despite lingering uncertainty over the mechanism’s future and their government being outmanoeuvred at UN climate talks.

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Global CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts

Published 21:25 on January 15, 2019  /  Last updated at 21:27 on January 15, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.

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Governments urged to come clean on carbon pricing as cash rolls in

Published 04:00 on January 15, 2019  /  Last updated at 23:50 on January 14, 2019  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International  /  No Comments

Citizens are urging governments to more clearly communicate how they are both imposing carbon pricing and spending the resulting revenues, as rising emissions costs begin to test public resolve.

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Former EU carbon trader to head up Engie’s Greater China emissions, power desk

Published 10:35 on January 3, 2019  /  Last updated at 10:42 on January 3, 2019  /  Asia Pacific, Bavardage, China, China's National ETS, China's Offset Market, China's Pilot Markets, Conversations, EMEA, EU ETS  /  No Comments

A former carbon trader at PetroChina’s London desk has joined Engie as head of carbon and power trading in the Greater China region.

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Japan’s Chugoku, JFE Steel cancel coal plans amid concerns over profitability

Published 11:01 on January 2, 2019  /  Last updated at 00:00 on January 3, 2019  /  Asia Pacific, Japan  /  No Comments

Chugoku Electric Power Co. and JFE Steel have given up on plans to build a 1.07GW coal-fired power plant over concerns the facility might prove unprofitable, marking the seventh planned coal plant to be scrapped in Japan over the past 18 months.

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COP24: Failed Article 6 text offers glimpse of Paris-era emission trade  

Published 23:25 on December 21, 2018  /  Last updated at 11:46 on December 31, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  2 Comments

Governments will in early 2020 revisit negotiations for rules covering international emissions trade, recycling much of last week’s failed Paris Agreement Article 6 text that gave wide scope for cross-border dealing.

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Australia reduces emissions projections, but remains far off track for Paris target

Published 00:29 on December 21, 2018  /  Last updated at 01:31 on December 22, 2018  /  Asia Pacific, Australia  /  No Comments

Australia on Friday released its annual emissions forecast to 2030, adjusting downwards expected GHG output over the next decade but still expecting to massively miss its Paris Agreement target.

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Clean Energy Regulator confident on short-term ACCU supply

Published 12:27 on December 20, 2018  /  Last updated at 12:27 on December 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s Clean Energy Regulator on Thursday for the first time released a set of key carbon offset market data, concluding that supply in the short term will be sufficient to meet demand as Safeguard Mechanism entities approach their Feb. 28 compliance deadline.

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