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Countries warned to keep ‘cheap’ abatement at home as Paris goals loom

Published 19:25 on December 1, 2022  /  Last updated at 19:27 on December 1, 2022  /  Climate Talks, International, Paris Article 6, Voluntary  /  No Comments

Countries should use their “own” cheap abatement for their own climate targets, a leading COP27 negotiator told a webinar Thursday after pointing out that costs to meet net zero are going to rise.

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Switzerland confirms 2% voluntary carbon credit cancellation for atmosphere

Published 19:53 on November 29, 2022  /  Last updated at 19:53 on November 29, 2022  /  Climate Talks, EMEA, International, Paris Article 6, Switzerland  /  No Comments

The Swiss government issued a statement on Tuesday confirming that 2% of its imported carbon credits would be cancelled for the good of the environment, a provision recommended under the Paris Agreement but remaining voluntary in many cases.

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After COP27, the private sector weighs in on carbon market rules

Published 20:49 on November 24, 2022  /  Last updated at 20:49 on November 24, 2022  /  Climate Talks, Voluntary  /  No Comments

With several pointed issues better crystallised at the COP27 UN climate talks last week, stakeholders weighed in on Thursday about how these rules may be applicable to the voluntary carbon market (VCM).

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COMMENT: COP27 delivers a clear signal to the voluntary carbon market

Published 18:16 on November 23, 2022  /  Last updated at 23:11 on November 23, 2022  /  Climate Talks, Contributed Content, International, Other Content, Voluntary  /  3 Comments

The COP27 UN climate talks gave a clear signal that ”mitigation contribution” units cannot be used for offset claims, the next step is for all voluntary market participants to finally accept this, writes Niklas Kaskeala of carbon credit retailer Compensate.

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ANALYSIS: Scope 3 emissions could be fertile ground for new “contribution” credits

Published 17:31 on November 23, 2022  /  Last updated at 17:31 on November 23, 2022  /  Climate Talks, International, Paris Article 6, Voluntary  /  No Comments

Newly defined carbon credits under the UN’s Paris Agreement could serve an important role in corporates’ net zero carbon claims, according to some experts and government representatives, even though these credits are not designed as traditional “offsets.”

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FEATURE: Australia wants to host COP31 with the Pacific, but its actions at home and abroad may complicate things

Published 06:33 on November 22, 2022  /  Last updated at 06:38 on November 22, 2022  /  Asia Pacific, Australia, Climate Talks, New Zealand, Paris Article 6, Voluntary  /  No Comments

Australia has been adamant that it wants to host COP31 in partnership with Pacific Island nations in 2026, but the country’s continuing fossil fuel subsidies and its aim to use carbon credits generated in the region to offset those developments could stymie partnership building efforts, a diplomatic expert has said.

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Post-COP27 pressure set to mount on who foots bill for climate change

Published 19:44 on November 21, 2022  /  Last updated at 22:12 on November 23, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Climate-related finance demands are very likely to grow in the coming weeks and months, as nations meet in high-stakes nature negotiations in Montreal, and discussions escalate elsewhere on broader global-financial-system reform pursuant to the climate crisis.

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VCM Report: Slight uptick in N-GEO activity a bright spot in moribund market

Published 18:32 on November 21, 2022  /  Last updated at 18:32 on November 21, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary  /  No Comments

The rise in open interest in the N-GEO future and a slight uptick in the spot N-GEO proved the bright spots for a voluntary carbon market that remained stuck in the doldrums last week amid a lack of year-end mitigation demand.

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Singapore signs bilateral Article 6-aligned carbon market agreement with Peru

Published 03:24 on November 21, 2022  /  Last updated at 03:48 on November 21, 2022  /  Americas, Asia Pacific, Climate Talks, International, Nature-based, Other APAC, Paris Article 6, Voluntary  /  No Comments

Singapore and Peru signed a Memorandum of Understanding (MoU) on the sidelines of COP27 in Sharm el-Sheikh to collaborate on carbon markets in alignment with Article 6 guidelines, both countries have announced.

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CP Daily: COP27 Special

Published 01:28 on November 21, 2022  /  Last updated at 01:28 on November 21, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Newsletters, Other APAC, Paris Article 6, Shipping, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

That’s a wrap. The final gavel came down in Sharm el-Sheikh shortly after 0700 local time on Sunday morning, making COP27 the second-longest running round of UN climate talks. Here’s a recast of the *103 articles* published by Carbon Pulse relating to both weeks of the summit.

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