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China commits to peaking GHG emissions before 2030, carbon neutrality before 2060

Published 16:54 on September 22, 2020  /  Last updated at 23:13 on September 23, 2020  /  China, China's National ETS, Climate Talks, International  /  No Comments

China will strengthen its climate policies, strive to peak its emissions before 2030, and become carbon neutral before 2060, President Xi Jinping told the UN General Assembly Tuesday in a surprise move that signals a significant step-up in climate ambition for the world’s biggest emitter.

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China shows openness to firmer long-term climate commitments

Published 17:34 on September 16, 2020  /  Last updated at 02:05 on September 17, 2020  /  China, Climate Talks, International  /  No Comments

China is willing to contribute more on climate change and is studying carbon neutrality as part of a long-term strategy, according to a comment by a foreign ministry spokesman that was enthusiastically welcomed internationally but met with scepticism by domestic observers.

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Thirteen global airlines commit to 2050 net zero emissions

Published 21:52 on September 11, 2020  /  Last updated at 23:29 on September 11, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.

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US senators strike deal on HFC phaseout legislation

Published 16:11 on September 11, 2020  /  Last updated at 00:06 on September 12, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, US  /  No Comments

US Senate committee members announced agreement on Thursday on bipartisan legislation to reduce potent HFC gases and meet UN climate goals, though it remains to be seen if the proposal will move forward in the waning months of the current Congressional session.

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Vietnam plans for major carbon emissions boom under new NDC

Published 12:58 on September 11, 2020  /  Last updated at 12:58 on September 11, 2020  /  Asia Pacific, Climate Talks, International, Other APAC  /  No Comments

Vietnam has submitted a new Nationally Determined Contribution (NDC) plan to the UN that will allow the country’s covered sectors to emit tens of millions of tonnes in additional greenhouse gases by 2030 compared what it pledged at climate talks in Paris five years ago.

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Aviation industry targets hydrogen in sector’s long-term decarbonisation strategy

Published 22:59 on September 8, 2020  /  Last updated at 22:59 on September 8, 2020  /  Aviation/CORSIA, Climate Talks, EMEA, International, RINs & LCFS  /  No Comments

Green hydrogen could help slash the long-term carbon footprint of global air travel in the coming years, while more stringent carbon abatement targets and a decreased reliance on traditional biofuels will also be necessary to increase the pace of emissions reductions, a conference session heard Tuesday.

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Saudi Arabia steers clear of carbon pricing in G20 presidency effort

Published 17:30 on September 4, 2020  /  Last updated at 00:20 on September 5, 2020  /  Climate Talks, EMEA, International, New Market Mechanisms  /  No Comments

Saudi Arabia won’t push CO2 pricing under its climate initiatives for the G20 Presidency this year, instead favouring a loose framework aiming to stimulate demand for carbon removals, according to a senior government envoy.

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CORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis

Published 22:36 on August 26, 2020  /  Last updated at 00:12 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.

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New jurisdictional REDD standard may generate offsets in 2021

Published 18:59 on August 26, 2020  /  Last updated at 20:46 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.

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Verra offers proposal for tagging Paris-eligible carbon credits

Published 23:14 on August 18, 2020  /  Last updated at 00:09 on August 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra has released a public consultation regarding how to identify VCS credits that will be eligible for trade under the Paris Agreement, becoming the latest organisation to seek a differentiation based on whether or not host countries make corresponding adjustments to their emissions inventories.

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