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IPCC issues sternest warning yet on need for major emission cuts

Published 09:56 on October 8, 2018  /  Last updated at 22:24 on October 8, 2018  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International  /  No Comments

The world must cut CO2 45% below 2010 levels by 2030 and achieve net zero emissions by mid-century if it is to stand a chance of limiting global warming to 1.5C, the Intergovernmental Panel on Climate Change (IPCC) said Monday in a report highlighting the far-reaching differences in impact between 1.5C and 2C of warming.

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As CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines

Published 21:42 on October 4, 2018  /  Last updated at 21:43 on October 4, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.

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US retains support for CORSIA, says China participation “essential”

Published 19:27 on October 3, 2018  /  Last updated at 19:30 on October 3, 2018  /  Americas, Aviation, Climate Talks, International, US  /  No Comments

The US still supports the CORSIA international flight offsetting mechanism but sees China’s early participation as essential to the scheme’s launch, an industry event heard on Wednesday.

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New Zealand PM hints at tougher GHG target, Pacific nations plan to do more

Published 09:33 on September 27, 2018  /  Last updated at 00:00 on September 28, 2018  /  Asia Pacific, Australia, Climate Talks, International, New Zealand  /  No Comments

New Zealand Prime Minister Jacinda Ardern has signalled she is ready to increase the ambition of the nation’s emissions reduction target under the Paris Agreement, even as the country is preparing to meet a significant share of its existing goal through the international carbon market.

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CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?

Published 18:46 on September 18, 2018  /  Last updated at 16:19 on September 26, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Views, Voluntary Market  /  No Comments

The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.

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Few countries are pricing carbon high enough to meet Paris Agreement targets -OECD

Published 16:43 on September 18, 2018  /  Last updated at 01:43 on September 19, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International  /  No Comments

Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.

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FOREST TRENDS: Illegal mining forces suspension of ground-breaking voluntary forest carbon project in Brazil

Published 04:46 on September 11, 2018  /  Last updated at 07:50 on September 11, 2018  /  Americas, Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

As the first indigenous-led conservation effort to be financed through the sale of carbon offsets, the Suruí Forest Carbon Project (PCFS in Portuguese) dramatically slowed deforestation and incubated sustainable livelihood programs in Brazil’s Sete de Setembro Indigenous Territory (TISS), but a dramatic surge in illegal mining activities throughout the region in which TISS is located has forced the Paiter-Suruí indigenous people and their partners to suspend the program indefinitely.

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Nations seek stripped-down Paris rulebook as work piles up

Published 14:01 on September 9, 2018  /  Last updated at 04:52 on September 11, 2018  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.

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CDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit

Published 19:51 on September 5, 2018  /  Last updated at 19:51 on September 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.

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Climate action could add $26 trillion to world economy if governments act -report

Published 16:50 on September 5, 2018  /  Last updated at 16:50 on September 5, 2018  /  Americas, Asia Pacific, Carbon Taxes, Climate Talks, EMEA, International  /  No Comments

Strong climate action including robust carbon pricing could add at least $26 trillion to the world economy by 2030, accumulating 65 million jobs and avoiding 700,000 premature deaths from air pollution in the process, according to a wide-ranging study released on Wednesday.

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