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FEATURE: Climate finance, not offsets, increasingly seen as a nature-based solution as critics persist

Published 19:38 on December 3, 2021  /  Last updated at 19:38 on December 3, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Middle East, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US  /  No Comments

With nature-based credits valued at a growing price premium to other types of carbon offsets, scrutiny over the process is also on the rise, with even forest protection standards that are said to be raising the bar on quality finding criticism for lacking environmental integrity.

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Australia’s Labor party vows deeper emissions cuts if it wins election

Published 04:36 on December 3, 2021  /  Last updated at 07:33 on December 3, 2021  /  Asia Pacific, Australia  /  No Comments

If it wins next year’s election, Australia’s opposition party will increase the nation’s 2030 emissions target and achieve those cuts by investments in clean power and tightening the Safeguard Mechanism CO2 baselines for industrials, it announced Friday.

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Australian investor signs deal with developer for African carbon offsets

Published 10:54 on December 2, 2021  /  Last updated at 10:54 on December 2, 2021  /  Africa, Asia Pacific, Australia, EMEA, International, Voluntary Market  /  No Comments

An Australian investor has signed a €10 million offtake deal that will secure it several hundred thousand voluntary carbon credits created from cookstove projects in East Africa over the next five years.

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Australian Big Four bank hires ex-broker for carbon job

Published 08:19 on December 2, 2021  /  Last updated at 08:19 on December 2, 2021  /  Asia Pacific, Australia, Bavardage, Voluntary Market  /  No Comments

One of Australia’s four big banks has appointed a former emissions broker as its new associate director for carbon trading.

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Steel can go green by 2050 with $278 bln spend, report says

Published 09:16 on December 1, 2021  /  Last updated at 09:18 on December 1, 2021  /  Asia Pacific, Australia, China, International  /  No Comments

Steel can be produced with almost no carbon emissions by 2050 if $278 billion in investment to decarbonise the industry is made over the next three decades, a report released on Wednesday claimed.

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Australia to launch pilot scheme for voluntary emissions targets

Published 09:00 on November 30, 2021  /  Last updated at 09:00 on November 30, 2021  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

Australia on Tuesday announced a pilot scheme that will show big emitters’ progress towards their voluntary emissions commitments, including the use of carbon credits. 

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VCM Report: VER price hike slows near record levels amid post-COP lull

Published 19:24 on November 29, 2021  /  Last updated at 00:21 on November 30, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices edged to new heights in some standardised contracts this week, while others slipped back amid subdued holiday-interrupted trade following the COP26 UN climate talks earlier in the month.

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Australia Market Roundup: ACCUs tip-toe to new high as issuance picks up again

Published 09:47 on November 29, 2021  /  Last updated at 09:47 on November 29, 2021  /  Asia Pacific, Australia  /  No Comments

Australian carbon offsets continue to rise to unprecedented levels but on small volumes, while the minting of new units the past week returned to regular levels after a brief dip.

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EU lawmakers seek changes to CO2 border measures that could ease impact on US emitters

Published 19:20 on November 26, 2021  /  Last updated at 19:49 on November 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The European Parliament’s cross-party trade committee is seeking changes to the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) that could substantially lower costs faced by US emitters, according to a draft report published this week.

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Campaigners cheer small victory for Arctic at UN’s shipping climate talks

Published 18:08 on November 26, 2021  /  Last updated at 18:08 on November 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A voluntary measure to reduce shipping’s black carbon emissions in the Arctic was adopted at the UN’s International Maritime Organisation (IMO) negotiations on Friday, a move welcomed by green groups as a modest step while other climate decisions for the sector were deferred. 

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