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Gulf-based carbon standard targets issuance of 10 mln offsets in 2021

Published 22:52 on January 14, 2021  /  Last updated at 00:21 on January 15, 2021  /  Africa, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Voluntary Market  /  No Comments

The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.

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France grounds aviation tax hike in favour of offsetting domestic flights -leaked draft

Published 16:17 on January 11, 2021  /  Last updated at 18:23 on January 11, 2021  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

France will not advance an aviation tax increase suggested by a citizen-led panel, according to a leaked draft of its climate law that instead proposes compulsory offsetting of emissions from domestic flights. 

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ART programme approves five Central and South American jurisdictional REDD concepts

Published 17:51 on January 4, 2021  /  Last updated at 17:55 on January 4, 2021  /  Americas, Aviation/CORSIA, International, REDD, South & Central, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.

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Cheap units from emerging nations dominate voluntary offset supply, survey shows

Published 00:07 on December 19, 2020  /  Last updated at 02:13 on December 19, 2020  /  Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.

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NGO call to end use of international offsets meets with resistance

Published 21:13 on December 16, 2020  /  Last updated at 00:29 on December 17, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

An NGO proposal to replace international offsetting with climate finance in order to avoid double claiming has been met with resistance from some in the voluntary carbon market, who fear a lack of corporate interest.

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S&P Global Platts to launch CORSIA offset price assessment

Published 19:01 on December 16, 2020  /  Last updated at 19:07 on December 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Wednesday announced it will begin assessing prices for carbon credits approved for use in ICAO’s global aviation offset system CORSIA, as interest in the voluntary market grows.

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BP acquires majority stake in US offset developer Finite Carbon

Published 11:26 on December 16, 2020  /  Last updated at 01:18 on December 17, 2020  /  Americas, Aviation/CORSIA, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Oil major BP has acquired a majority stake in carbon offset developer Finite Carbon, deepening its interest in the forestry-focused company and targeting a major expansion internationally.

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Indonesia, Costa Rica sign World Bank REDD deals as remaining deadlines extended

Published 21:10 on December 14, 2020  /  Last updated at 21:10 on December 14, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Indonesia and Costa Rica last week inked agreements with the World Bank Forest Carbon Partnership Facility (FCPF) to reduce deforestation-related emissions, while the other tropical forest nations with outstanding arrangements will receive additional time to sign the deals seen as a possible base of international carbon trading.

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UN strikes compromise CDM deal in effort to avert shutout ahead of Paris decision

Published 16:41 on December 14, 2020  /  Last updated at 00:09 on December 15, 2020  /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, Voluntary Market  /  No Comments

UN officials agreed on Monday “temporary measures” intended to maintain the CDM into 2021 and serve as a stopgap until countries can decide whether the offset mechanism can transition into the Paris Agreement era.

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First Swiss aviation carbon allowance auction sells out

Published 13:35 on December 14, 2020  /  Last updated at 16:27 on December 14, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International, Switzerland  /  No Comments

The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.

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