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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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CARBON PULSE CONVERSATIONS 016: EDF and WWF on CORSIA

Published 23:28 on August 17, 2020  /  Last updated at 23:35 on August 17, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

In the latest edition of our Carbon Pulse Conversations podcast, we speak with Environmental Defense Fund (EDF) International Counsel Annie Petsonk and WWF Director of Carbon Market Governance and Aviation Brad Schallert about recent developments regarding UN body ICAO’s global aviation offsetting mechanism CORSIA.

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South Pole carbon markets director to join BP

Published 20:37 on August 17, 2020  /  Last updated at 20:37 on August 17, 2020  /  Bavardage, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

South Pole’s director of climate policy and carbon markets has left the company to take up a similar role at BP, Carbon Pulse has learned.

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US airline Delta halves 2019 offset purchases due to COVID-19

Published 17:35 on July 31, 2020  /  Last updated at 23:01 on July 31, 2020  /  Americas, Aviation/CORSIA, Climate Talks, International, New Market Mechanisms, REDD, RINs & LCFS, South & Central, US, Voluntary Market  /  No Comments

Delta Airlines significantly curtailed buying carbon credits against its 2019 emissions due to the financial impact brought on by the coronavirus outbreak, the carrier said in a report published Friday.

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Investors call on ICAO to deliver net zero aviation emissions goal with minimal offsetting

Published 22:53 on July 16, 2020  /  Last updated at 23:31 on July 16, 2020  /  Aviation/CORSIA, Climate Talks, International, REDD, Voluntary Market  /  No Comments

ICAO and national governments must set a long-term and binding GHG goal for global air travel ahead of COP26 next year, while countries should consider a market mechanism for afforestation and other measures in their net zero-aligned COVID-19 recovery plans, said a report from a UN-convened group of investors released Wednesday.

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