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Ministers to continue Article 6 talks through to Glasgow UN climate summit

Published 23:41 on July 26, 2021  /  Last updated at 23:41 on July 26, 2021  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Ministers from more than 50 countries will continue talks on key issues, including Article 6 international emissions trade, through to November’s COP26 UN climate summit, UK minister Alok Sharma said on Monday following an inconclusive two-day informal ministerial meeting in London.

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VCM Report: VERs steady on upward path, as developers forgo forward contracts  

Published 22:42 on July 26, 2021  /  Last updated at 22:42 on July 26, 2021  /  Africa, Americas, Asia Pacific, Australia, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.

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Traders Hartree to fund major expansion of REDD developer Wildlife Works

Published 21:38 on July 26, 2021  /  Last updated at 21:38 on July 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Trading house Hartree Partners has struck a deal that could treble the REDD credits generated by established developer Wildlife Works within four years.

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Carbon exchange ACX integrates BeZero offset ratings to enhance buyer confidence

Published 14:09 on July 26, 2021  /  Last updated at 14:30 on July 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Emissions bourse AirCarbon Exchange (ACX) has integrated carbon offset ratings service BeZero onto its platform to provide credit buyers more confidence and transparency with regards to their purchases, the two firms announced Monday.

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Australia Market Roundup: Tasmanian project earns big ACCU batch, as govt plans new offset methods

Published 10:59 on July 26, 2021  /  Last updated at 10:59 on July 26, 2021  /  Asia Pacific, Australia  /  No Comments

A native forest protection projection in Tasmania has secured the biggest share of the latest batch of newly issued Australian Carbon Credit Units (ACCUs), while the federal government on Monday invited public input on potential new project types for the offset market.

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Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets

Published 22:56 on July 22, 2021  /  Last updated at 22:56 on July 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement’s 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree.

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EU’s carbon border levy to affect closest neighbours more than global players, experts say

Published 17:51 on July 22, 2021  /  Last updated at 17:51 on July 22, 2021  /  Africa, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, South Korea, Switzerland  /  No Comments

The EU’s proposed carbon border adjustment mechanism will likely affect its closest neighbours much more than global trade partners, experts believe, despite an increasing number of countries across the globe expressing concerns over the 27-nation bloc’s plans.

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Trading house opens Singapore carbon desk, former Shell traders join

Published 09:11 on July 22, 2021  /  Last updated at 09:11 on July 22, 2021  /  Asia Pacific, Australia, Bavardage, China, China's National ETS, China's Offset Market, Other APAC, Voluntary Market  /  No Comments

A major Dutch-headquartered firm has become the latest trading house to expand its emissions business to the Asia-Pacific region, with at least two carbon traders joining from Shell.

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Australian, Japanese firms to explore offset-backed ammonia from natural gas

Published 16:00 on July 21, 2021  /  Last updated at 16:00 on July 21, 2021  /  Asia Pacific, Australia, Japan  /  No Comments

Australia’s Woodside and a quartet of Japanese companies are exploring the possibility of using Australian natural gas to produce ammonia for the Japanese market, with associated CO2 emissions to be offset from CCS or bio-sequestration projects.

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Glencore sets up Asian carbon desk, hires ex-BP traders

Published 12:00 on July 21, 2021  /  Last updated at 12:25 on July 21, 2021  /  Asia Pacific, Australia, Bavardage, China, China's National ETS, China's Offset Market, International, New Zealand, Other APAC, Voluntary Market  /  No Comments

Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.

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