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UK set to host 2020 UN climate talks after Italy backs bid

Published 16:43 on June 18, 2019  /  Last updated at 19:32 on June 18, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD  /  No Comments

The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.

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Voluntary carbon market stakes claim to thrive in Paris era

Published 21:32 on June 14, 2019  /  Last updated at 22:05 on June 14, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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Global energy emissions up 2% in 2018 in “vicious cycle” of erratic weather patterns -report

Published 19:56 on June 12, 2019  /  Last updated at 23:30 on June 12, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Energy-related CO2 output rose 2% worldwide last year, the fastest rate since 2011, as extreme weather stoked demand for heating and cooling, according to a report published Wednesday.

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UK to set legal course for net zero 2050 emissions

Published 23:59 on June 11, 2019  /  Last updated at 23:21 on June 12, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

The UK will on Wednesday propose to enshrine in law a 2050 net zero greenhouse gas emissions target, Prime Minister Theresa May said in a statement late Tuesday in a bill set to go against the government’s in-house experts by leaving open the door to using international credits.

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UPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach

Published 21:51 on June 10, 2019  /  Last updated at 13:44 on June 12, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.

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ICAO targets Feb. 2020 for first CORSIA offset unit recommendations

Published 19:12 on June 10, 2019  /  Last updated at 19:12 on June 10, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.

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EU ETS prices to average €36 next decade as many expect further market tightening -survey

Published 16:34 on June 5, 2019  /  Last updated at 18:44 on June 5, 2019  /  Americas, Asia Pacific, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

EU carbon prices will average €36.05 over 2021-2030, according to an annual survey of market observers and participants, marking a massive 63% year-on-year gain in expectations.

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EU spurns calls to use foreign carbon credits in its ETS, for now

Published 21:42 on June 3, 2019  /  Last updated at 05:27 on June 4, 2019  /  Aviation, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The EU won’t use more foreign carbon credits in its carbon market, at least for the time being, Brussels officials said on Monday in response to calls for the bloc to reignite international emissions trade.

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ICAO to limit CORSIA meeting attendance to aviation programme’s technical body

Published 16:17 on May 24, 2019  /  Last updated at 16:39 on May 24, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

UN aviation body ICAO will restrict attendance at technical meetings for the CORSIA offsetting programme to members of the scheme’s 19-person advisory board, snubbing a central demand of environmental groups that have called for greater outside participation and transparency in developing the international carbon market.

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