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India shies away from setting net zero pledge at high-level summit

Published 19:21 on March 31, 2021  /  Last updated at 00:44 on April 1, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, US  /  No Comments

India’s power minister shied away from revealing any intentions to set a net zero objective for the country in an IEA high-level summit on Wednesday, while demanding developed nations start considering negative emissions targets.

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UPDATE – Middle East carbon standard approved as newest CORSIA offset programme

Published 21:37 on March 30, 2021  /  Last updated at 15:23 on March 31, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, 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

The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.

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South Africa proposes tougher 2030 emissions target for revised NDC

Published 12:44 on March 30, 2021  /  Last updated at 12:44 on March 30, 2021  /  Africa, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

South Africa’s government has proposed to tighten its 2030 emissions target by almost a third as part of a revised Paris Agreement pledge that sets out intentions for the export of correspondingly-adjusted carbon credits.

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UK should not use foreign credits to meet near-term climate goal, say advisors

Published 17:52 on March 26, 2021  /  Last updated at 17:52 on March 26, 2021  /  Climate Talks, EMEA, International, New Market Mechanisms, UK ETS  /  No Comments

The UK should not use foreign carbon credits to help meet its binding 2023-2027 emissions budget, but the country could consider purchases to help spur international action, the government’s climate advisory body said on Friday.

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MARC(U) MY WORD: Ensuring the acceptability of border carbon adjustments

Published 14:00 on March 26, 2021  /  Last updated at 21:02 on April 20, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, Climate Talks, Conversations, EMEA, EU ETS, International, Views  /  No Comments

EU discussion over imposing a border carbon adjustment has mostly focused on the technical design and implementation challenges raised by this complex instrument. Even the most robust design will mean little, however, if the measure fails to secure buy-in from relevant stakeholders in Europe and abroad, write Andrei Marcu of think-tank ERCST and Michael Mehling of MIT.

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VCM Report: VER prices converge, while CORSIA credit premium emerges

Published 20:46 on March 22, 2021  /  Last updated at 11:57 on March 23, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.

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EXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market

Published 16:29 on March 22, 2021  /  Last updated at 00:13 on March 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.

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Latest carbon market ETF sees managed assets more than triple year-to-date

Published 23:49 on March 19, 2021  /  Last updated at 22:37 on March 21, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, UK ETS, US, Voluntary Market  /  No Comments

Total assets under management by the newest carbon market ETF have more than tripled since the start of the year, in a further sign of investors rushing to gain exposure in this burgeoning asset class.

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“Forceful, abrupt” international climate action response to birth US carbon price by 2025 -experts

Published 18:56 on March 18, 2021  /  Last updated at 11:22 on March 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Delayed efforts to combat climate change will result in a “forceful, abrupt, and disorderly” response by governments by 2025, which combined with protectionist policies will see the US introduce a national carbon pricing system by that date.

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UN’s COP26 climate summit in Glasgow to go ahead as planned this year -media

Published 17:34 on March 18, 2021  /  Last updated at 17:34 on March 18, 2021  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US  /  No Comments

The UN’s COP26 climate summit will go ahead as planned in Glasgow later this year, the Scottish Government’s lead for the summit has reportedly said.

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