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Flood or drought: Details make the difference for transitioned CDM supply

Published 09:03 on November 26, 2020  /  Last updated at 09:03 on November 26, 2020  /  Climate Talks, International, Kyoto Mechanisms  /  No Comments

The international carbon market under the Paris Agreement could be saddled with as many as 1.5 billion or as few as 46 million pre-2020 credits from the Clean Development Mechanism (CDM), depending on restriction details, according to a report released Thursday.

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Bilateral deals, not talks, likely to shape Article 6 emissions trade rules –NZ minister

Published 08:38 on November 26, 2020  /  Last updated at 08:41 on November 26, 2020  /  Asia Pacific, Climate Talks, International, New Zealand  /  No Comments

Rules for international emissions trade under the Paris Agreement’s Article 6 are more likely to emerge from bilateral deals rather than via climate negotiations, according to New Zealand’s Climate Change Minster James Shaw.

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UK opens consultation on post-Brexit ETS penalties, in another sign rousing carbon trade proponents

Published 22:55 on November 25, 2020  /  Last updated at 12:24 on November 26, 2020  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The British government is consulting the oil and gas industry about penalties under a post-Brexit UK emissions trading scheme, in what observers said was another potential sign the country will opt to implement a domestic cap-and-trade system instead of a tax when it leaves the EU ETS at the end of this year.

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Russia submits slightly higher Paris pledge that still allows for vast emissions growth

Published 17:51 on November 25, 2020  /  Last updated at 17:58 on November 25, 2020  /  Climate Talks, EMEA, International  /  No Comments

Russia became the 13th nation to submit a new NDC to the Paris Agreement on Wednesday, with the world’s fourth largest emitter confirming a decree signed earlier this month.

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President-elect Biden taps Kerry as US climate ‘czar’

Published 18:28 on November 23, 2020  /  Last updated at 00:21 on November 24, 2020  /  Americas, Climate Talks, US  /  No Comments

US President-elect Joe Biden (D) named former Secretary of State John Kerry (D) to a chief climate position in his administration on Monday, selecting a Paris Agreement veteran as the Democratic nominee seeks to immediately rejoin the pact next year.

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Two CORSIA programmes approved as first REDD standards in a compliance carbon market

Published 19:25 on November 20, 2020  /  Last updated at 22:43 on November 20, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.

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ANALYSIS: EU budget delay imperils year-end deal to increase 2030 climate goal

Published 18:44 on November 20, 2020  /  Last updated at 08:40 on November 22, 2020  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

The EU’s failure to conclude negotiations on a budget and stimulus package this week could derail efforts to agree an increase the bloc’s 2030 emissions target by year-end, though experts say that lawmakers increasingly linking the two issues could smoothen their passage.

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Global emissions far off track for 1.5C, even as US GHGs to plunge to 1983 levels this year -reports

Published 21:11 on November 19, 2020  /  Last updated at 00:28 on November 20, 2020  /  Americas, Canada, Climate Talks, International, US  /  No Comments

Countries are progressing on their GHG reduction targets too slowly to reach net zero emissions by mid-century, even as the COVID-19 pandemic may inadvertently put the US on track to meet its previous Paris Agreement goals, according to two reports published Thursday.

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Switzerland signs second carbon offset deal with Ghana

Published 13:41 on November 18, 2020  /  Last updated at 13:41 on November 18, 2020  /  Africa, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

Switzerland has agreed a bilateral deal with Ghana to purchase carbon offsets under the Paris Agreement’s Article 6, in the second such agreement announced by the European nation in as many months.

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British PM Johnson unveils 10-point climate plan to spark new, ‘green’ industrial revolution

Published 22:30 on November 17, 2020  /  Last updated at 14:18 on November 18, 2020  /  Climate Talks, EMEA, International, Voluntary Market  /  No Comments

British Prime Minister Boris Johnson on Tuesday unveiled a 10-point plan to mobilise tens of billions of pounds in public- and private-sector investment and spark a “green industrial revolution” in the country.

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