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With Article 6 rules agreed, experts stew over how emissions trade will work

Published 19:09 on March 22, 2022  /  Last updated at 19:09 on March 22, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Four months on from a UN emissions trade deal, governments remain puzzled over how host countries should authorise international transfers and many other practicalities, a virtual meeting heard this week.

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FEATURE: Facing rising climate costs, ports are crucial for shipping decarbonisation

Published 10:59 on March 22, 2022  /  Last updated at 10:59 on March 22, 2022  /  Asia Pacific, Climate Talks, EMEA, EU ETS, International, Other APAC, Shipping, South Korea  /  No Comments

The global shipping and ports industries face long-term climate impact costs rising up to $25 billion annually in the absence of action to cut emissions, but ports are lagging on mitigation despite the key role they potentially play for the shipping sector to adopt a net zero goal.

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Singapore, Indonesia ink MoU on climate change, sustainability cooperation

Published 11:12 on March 21, 2022  /  Last updated at 11:12 on March 21, 2022  /  Asia Pacific, Carbon Taxes, Climate Talks, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

Singapore and Indonesia have signed a memorandum of understanding (MoU) for cooperation on carbon pricing, climate change, and sustainability, Singapore’s National Climate Change Secretariat (NCCS) announced on Monday.

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Tributes after senior UN, voluntary carbon markets negotiator dies

Published 20:26 on March 20, 2022  /  Last updated at 09:53 on March 21, 2022  /  Africa, Americas, Asia Pacific, Bavardage, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary Market  /  No Comments

Tributes are pouring in for one of the developing world’s foremost climate negotiators, who died this week just days after advancing efforts to improve the environmental integrity of the voluntary carbon markets.

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Carbon removal startup acquires funds for ocean-based pilot projects, offers carbon credits

Published 09:52 on March 18, 2022  /  Last updated at 09:52 on March 18, 2022  /  Americas, Canada, Climate Talks, International, Nature-based, Voluntary Market  /  No Comments

A Nova Scotia-based carbon removal startup has raised nearly $8 million to build pilot facilities to deploy its proprietary carbon transition technology, which aims to speed up the earth’s natural process of removing carbon from the air and safely storing it in the ocean, the company announced on Friday.

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Climate Impact X launches platform for companies to navigate VCM

Published 11:50 on March 16, 2022  /  Last updated at 15:18 on March 16, 2022  /  Climate Talks, International, Nature-based, Voluntary Market  /  No Comments

Singapore-based Climate Impact X (CIX) has launched a digital platform for businesses and carbon project suppliers to list, discover, compare, buy, and retire quality carbon credits, the exchange announced on Wednesday.

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Expert group to develop methodology tools for Article 6

Published 09:28 on March 11, 2022  /  Last updated at 08:52 on March 14, 2022  /  Climate Talks, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

A group of international experts has launched an initiative to hammer out basic tools for developing methodologies for carbon projects under Article 6 of the Paris Agreement.

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Smooth operators: Oil and gas firms’ bid to stay relevant in energy transition

Published 23:29 on March 10, 2022  /  Last updated at 23:29 on March 10, 2022  /  Americas, Asia Pacific, Climate Talks, International, Middle East, US, Voluntary Market  /  No Comments

The oil and gas industry converged on Houston this week for its flagship CERA Week event in a much-changed environment compared to the last time the conference was held in person in 2019.

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COP27 host Egypt eyes closer links with US energy majors  

Published 23:06 on March 9, 2022  /  Last updated at 23:44 on March 9, 2022  /  Africa, Americas, Climate Talks, EMEA, International, US  /  No Comments

Egypt is forging closer ties with US energy majors Chevron and ExxonMobil ahead of its November hosting of COP27 UN climate negotiations, the nation’s energy minister told a conference on Wednesday while speaking of his plans to export clean hydrogen to Europe.

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Article 6 deal seen spurring growth in robust carbon markets worldwide

Published 23:01 on March 8, 2022  /  Last updated at 23:13 on March 8, 2022  /  Aviation/CORSIA, Carbon Taxes, Climate Talks, International, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

The approval of an international emissions trading rulebook under the Paris Agreement’s Article 6 last year will provide the framework needed for further growth in more transparent compliance and voluntary carbon markets, according to panellists speaking at an industry conference on Tuesday.

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